Active ETFs: Designed to Seek Alpha

With active ETFs, you can seek potentially higher returns without significantly adding to your overall costs thanks to the liquidity, transparency, and trading flexibility of the ETF wrapper. Could active ETFs boost your portfolio’s performance?

Why Active ETFs

Investing in Actively Managed ETFs

Explore how the liquidity, transparency, tax efficiency, and trading characteristics of ETFs position them to deliver compelling benefits to investors in active strategies.

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Active ETF Market Growth

Active ETFs are growing at a rapid pace, taking in a record $132 billion in 2023.¹

Exponential Growth in the Past Decade

AUM($B)

Morningstar Categories Covered

32

62

77

92

2012

2016

2020

November 2023

Source: Morningstar, as of November 30, 2023. Calculations by SPDR Americas Research. Past performance is not a reliable indicator of future performance.

Choose When to Go Active

The sheer size of the fixed income market creates opportunities for active investing.

Actively Managed Fixed Income ETFs

The extraordinary breadth and depth of the fixed income universe creates inefficiencies — and opportunities — for active managers to apply their skills and potentially generate higher returns.

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SPDR Active ETFs

Explore some of our actively managed fixed income ETFs.

Read Performance Commentary

See the full list of our active ETFs

Partners for Success

Meet the Managers of SPDR Active ETFs

SPDR Active ETFs combine State Street’s 30 years of ETF experience with skilled portfolio managers who have specialized active expertise.

Blackstone

As one of the world’s largest credit-oriented managers, Blackstone has unique size, scale, and insights as they invest across the entire corporate credit markets, both public and private.

ETFs Managed:

SPDR® Blackstone Senior Loan ETF (SRLN)
SPDR® Blackstone High Income ETF (HYBL)

DoubleLine Capital

DoubleLine was founded with the mandate of delivering better risk-adjusted returns. They do this by combining top-down and bottom-up investment processes with a disciplined approach to risk management.

ETFs Managed:

SPDR® DoubleLine® Total Return Tactical ETF (TOTL)
SPDR® DoubleLine® Short Duration Total Return Tactical ETF (STOT)
SPDR® DoubleLine® Emerging Markets Fixed Income ETF (EMTL)

Loomis Sayles

Loomis Sayles combines top-down credit cycle views with fundamental research to create a mix of credit-focused asset classes and sectors. They take a tactical approach to asset allocation while also focusing on risk management.

ETFs Managed:

SPDR® Loomis Sayles Opportunistic Bond ETF (OBND)

Nuveen Asset Management

Municipal bonds may enhance after-tax returns due to their preferential tax treatment. Nuveen has more than 120 years of experience identifying opportunities and mitigating risks in municipal bond investing.²

ETFs Managed:

SPDR® Nuveen Municipal Bond ETF (MBND)
SPDR® Nuveen Municipal Bond ESG ETF (MBNE)

State Street Global Advisors

By working with experts on our institutional investment teams, we bring institutional strategies to easy-to-access ETFs.

ETFs Managed:

SPDR® SSGA Ultra Short Term Bond ETF (ULST)
SPDR® SSGA Fixed Income Sector Rotation ETF (FISR)
SPDR® SSGA Global Allocation ETF (GAL)
SPDR® SSGA Income Allocation ETF (INKM)
SPDR® SSGA Multi-Asset Real Return ETF (RLY)
SPDR® SSGA US Sector Rotation ETF (XLSR)

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Frequently Asked Questions

What is an active ETF?

How does an active ETF differ from a traditional ETF?

How are active ETFs managed?

What are the advantages of using active ETFs?

Are active ETFs more expensive than passive ETFs?

How transparent are active ETFs?

Can active ETFs outperform the market?

What are the risks associated with investing in active ETFs?

Are there any tax implications when investing in active ETFs?

How do I buy and sell active ETFs?

Footnotes

Glossary

Disclosure

Important Risk Disclosure

Investing involves risk including the risk of loss of principal.

This communication is not intended to be an investment recommendation or investment advice and should not be relied upon as such.

All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent.

Diversification does not ensure a profit or guarantee against loss.

Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

Actively managed funds do not seek to replicate the performance of a specified index. An actively managed fund may underperform its benchmarks. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.

Bonds generally present less short-term risk and volatility than stocks but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Investing in high yield fixed income securities, otherwise known as "junk bonds", is considered speculative and involves greater risk of loss of principal and interest than investing in investment grade fixed income securities. These Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

Distributor: State Street Global Advisors Funds Distributors, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained Blackstone Liquid Credit Strategies LLC, DoubleLine Capital LP, Nuveen Asset Management and Loomis Sayles. as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with [retained Blackstone Liquid Credit Strategies LLC, DoubleLine Capital LP, Nuveen Asset Management and Loomis Sayles.

The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.