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    SPDR® Blackstone Senior Loan ETF SRLN

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $45.88

    as of Apr 20 2021

    Base Currency

    USD

    Assets Under Management

    $4,365.09 M

    as of Apr 20 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.70%

    Quick Links

    Key Features

    Key Features

    • The SPDR Blackstone Senior Loan ETF (the “Fund”) seeks to provide current income consistent with the preservation of capital.  In pursuing its investment objective, the Fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index (the “Primary Index”) and the S&P/LSTA U.S. Leveraged Loan 100 Index (the “Secondary Index”) by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, “Senior Loans” are first lien senior secured floating rate bank loans.
    • Access the investment management experience of Blackstone
    • Seeks to provide access to active management in the highly inefficient loan market
    • A Senior Loan is senior to all unsecured claims against the borrower and senior or equal to all other secured claims, meaning that, in the event of a bankruptcy, the Senior Loan, together with other first lien claims, is entitled to be the first to be repaid out of proceeds of the assets securing the loans, before other existing claims or interests receive repayment

    About the Primary Benchmark

    About the Primary Benchmark

    The Markit iBoxx USD Liquid Leveraged Loan Index is comprised of about 100 of the most liquid, tradable leveraged loans, as identified by Markit’s Loans Liquidity service. Markit is dedicated to utilising its unique datasets on loans to become the premier provider of independent and objective loan indices for trading, product structuring, and benchmarking.

    About the Secondary Benchmark

    About the Secondary Benchmark

    The S&P/LSTA U.S. Leveraged Loan 100 Index is designed to reflect the largest facilities in the leveraged loan market. It mirrors the market-weighted performance of the largest institutional leveraged loans based upon market weightings, spreads, and interest payments. The index consists of 100 loan facilities drawn from a larger benchmark, the S&P/LSTA (Loan Syndications and Trading Association) Leveraged Loan Index (LLI).

    Fund Information as of Apr 20 2021

    Fund Information as of Apr 20 2021
    Primary Benchmark Secondary Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Sub-advisor
    Markit iBoxx USD Liquid Leveraged Loan Index S&P/LSTA U.S. Leveraged Loan 100 Index Apr 03 2013 No 0.70% USD Blackstone Liquid Credit Strategies LLC
    Primary Benchmark Markit iBoxx USD Liquid Leveraged Loan Index
    Secondary Benchmark S&P/LSTA U.S. Leveraged Loan 100 Index
    Inception Date Apr 03 2013
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.70%
    Base Currency USD
    Sub-advisor Blackstone Liquid Credit Strategies LLC
    Investment Manager Distributor Distribution Frequency
    SSGA Funds Management, Inc. State Street Global Advisors Funds Distributors, LLC Monthly
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Apr 20 2021

    Listing Information as of Apr 20 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Apr 04 2013 USD SRLN 78467V608 US78467V6083
    Exchange NYSE ARCA EXCHANGE
    Listing Date Apr 04 2013
    Trading Currency USD
    Ticker SRLN
    CUSIP 78467V608
    ISIN US78467V6083

    Fund Characteristics as of Apr 19 2021

    Fund Characteristics as of Apr 19 2021
    Number of Holdings Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 Current 3 month LIBOR Percent of Loans in the Portfolio with LIBOR Floors Weighted Average All in Rate Weighted Average Days to Reset Weighted Average LIBOR Floor
    315 4.90 0.19% 100.00% 4.45% 38 0.53%
    Number of Holdings 315
    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 4.90
    Current 3 month LIBOR 0.19%
    Percent of Loans in the Portfolio with LIBOR Floors 100.00%
    Weighted Average All in Rate 4.45%
    Weighted Average Days to Reset 38
    Weighted Average LIBOR Floor 0.53%
    Weighted Average Price
    $98.36
    Weighted Average Price $98.36

    Index Characteristics as of Apr 21 2021

    Index Characteristics as of Apr 21 2021
    Primary Benchmark Index Ticker Symbol Secondary Benchmark Index Ticker Symbol Primary Benchmark Number of Holdings Secondary Benchmark Number of Holdings
    IBOXLCPI SPBDLL 89 100
    Primary Benchmark Index Ticker Symbol IBOXLCPI
    Secondary Benchmark Index Ticker Symbol SPBDLL
    Primary Benchmark Number of Holdings 89
    Secondary Benchmark Number of Holdings 100

    Yields as of Apr 20 2021

    Yields as of Apr 20 2021
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
    3.88% - 4.71%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 3.88%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 -
    Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 4.71%

    Fund Market Price as of Apr 20 2021

    Fund Market Price as of Apr 20 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $45.84 $45.85 $45.91 $45.80 158,254 -0.09% 0.02%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $45.84
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $45.85
    Day High $45.91
    Day Low $45.80
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 158,254
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 -0.09%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.02%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020 First Quarter of 2021
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 99 11
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 154 50
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 99
    First Quarter of 2021 11
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 154
    First Quarter of 2021 50
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Apr 20 2021

    Fund Net Cash Amount as of Apr 20 2021
    Net Cash Amount
    $5,018,799.04
    Net Cash Amount $5,018,799.04

    Fund Net Asset Value as of Apr 20 2021

    Fund Net Asset Value as of Apr 20 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $45.88 95.15 M $4,365.09 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $45.88
    Shares Outstanding 95.15 M
    Assets Under Management $4,365.09 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Apr 03 2013
    Performance
    Month End Quarter End

    as of Mar 31 2021

    as of Mar 31 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 03 2013
    Fund Before Tax
    NAV Mar 31 2021 -0.13% 1.71% 1.71% 18.14% 4.06% 4.47% - 3.18%
    Market Value Mar 31 2021 -0.10% 0.99% 0.99% 20.10% 3.97% 4.42% - 3.15%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    		 Mar 31 2021 -0.47% 1.09% 1.09% 14.22% 2.85% 3.74% 3.19% 2.75%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    		 Mar 31 2021 -0.29% 1.02% 1.02% 15.28% 4.05% 5.01% 3.89% 3.54%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 -0.27% 1.42% 1.42% 15.79% 1.92% 2.48% - 1.36%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 -0.08% 1.01% 1.01% 10.66% 2.17% 2.54% - 1.60%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    		 Mar 31 2021 -0.47% 1.09% 1.09% 14.22% 2.85% 3.74% 3.19% 2.75%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    		 Mar 31 2021 -0.29% 1.02% 1.02% 15.28% 4.05% 5.01% 3.89% 3.54%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 03 2013
    Fund Before Tax
    NAV Mar 31 2021 -0.13% 1.71% 1.71% 18.14% 4.06% 4.47% - 3.18%
    Market Value Mar 31 2021 -0.10% 0.99% 0.99% 20.10% 3.97% 4.42% - 3.15%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    		 Mar 31 2021 -0.47% 1.09% 1.09% 14.22% 2.85% 3.74% 3.19% 2.75%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    		 Mar 31 2021 -0.29% 1.02% 1.02% 15.28% 4.05% 5.01% 3.89% 3.54%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 -0.27% 1.42% 1.42% 15.79% 1.92% 2.48% - 1.36%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 -0.08% 1.01% 1.01% 10.66% 2.17% 2.54% - 1.60%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    		 Mar 31 2021 -0.47% 1.09% 1.09% 14.22% 2.85% 3.74% 3.19% 2.75%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    		 Mar 31 2021 -0.29% 1.02% 1.02% 15.28% 4.05% 5.01% 3.89% 3.54%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.70%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 20 2021

    Fund Top Holdings as of Apr 20 2021

    Name Par Value Weight
    Change Healthcare Holdings LLC 03/01/2024 87,647,217 1.99%
    Team Health Holdings Inc. 02/06/2024 78,310,204 1.66%
    Finastra USA Inc aka Misys/Almonde Inc. 06/13/2024 73,966,880 1.65%
    Surgery Centers Holdings, Inc. 09/03/2024 71,539,600 1.62%
    Crown Finance US Inc aka Cineworld 02/28/2025 75,450,126 1.48%
    Envision Healthcare Corp 10/10/2025 75,945,890 1.46%
    United Airlines, Inc. aka Continental 04/12/2028 59,854,966 1.37%
    American Airlines, Inc 06/27/2025 63,567,060 1.33%
    AMC Entertainment Holdings Inc 04/22/2026 64,516,703 1.28%
    Advisor Group Holdings, Inc. 07/31/2026 52,315,945 1.19%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 19 2021

    Fund Sector Breakdown as of Apr 19 2021

    Sector Weight
    Services: Business (23) 15.09%
    Technology: Semiconductor (40) 11.82%
    Healthcare & Pharmaceuticals (15) 11.64%
    Banking, Finance, Insurance & Real Estate (3) 6.81%
    High Tech Industries (16) 6.57%
    Transportation: Consumer (28) 5.74%
    Telecommunications (26) 5.67%
    Retail (22) 4.25%
    Diversified Conglomerate / Manufacturing (34) 4.12%
    Leisure & Entertainment: Movie Theatres (39) 3.64%
    Services: Consumer (24) 3.46%
    Aerospace & Defense (1) 2.71%
    Consumer goods: Durable (8) 2.62%
    Media: Broadcasting & Subscription (19) 2.26%
    Construction & Building (7) 1.86%
    Leisure & Entertainment: Amusement Parks (38) 1.66%
    Containers, Packaging & Glass (10) 1.63%
    Energy: Oil & Gas (12) 1.58%
    Media: Cable TV (41) 1.29%
    Restaurants: Family Dining (42) 1.07%
    Chemicals, Plastics, & Rubber (6) 0.99%
    Automotive (2) 0.96%
    Consumer goods: Non-durable (9) 0.51%
    Food and Miscellaneous Services (36) 0.29%
    Beverage, Food & Tobacco (4) 0.27%
    Media: Advertising, Printing & Publishing (18) 0.25%
    Hotel, Gaming & Leisure (17) 0.24%
    Energy: Electricity (11) 0.23%
    Environmental Industries (13) 0.22%
    Transportation: Cargo (27) 0.22%
    Diversified Conglomerate / Service (37) 0.14%
    Ecological (33) 0.12%
    Capital Equipment (5) 0.04%
    Media: Diversified & Production (20) 0.04%
    Wholesale (32) 0.00%

    Asset Allocation

    Asset Allocation
    Fund Asset Allocationas of Apr 19 2021

    Fund Asset Allocation as of Apr 19 2021

    Sector Weight
    Loans 92.40%
    Bonds 7.36%
    Cash 0.25%

    Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns.  It does not, however, guarantee a profit or protect against loss.

    Quality Breakdown

    Quality Breakdown

    S&P Fund Quality Breakdown as of Apr 19 2021

    Name Weight
    BBB- 0.09%
    BB 1.79%
    BB- 2.51%
    B+ 7.80%
    B 31.36%
    B- 37.19%
    CCC+ 9.33%
    CCC 6.03%
    CCC- 0.42%
    NR 0.61%

    Moody's Fund Quality Breakdown as of Apr 19 2021

    Name Weight
    Ba1 1.85%
    Ba2 0.22%
    Ba3 4.03%
    B1 16.08%
    B2 43.68%
    B3 18.63%
    Caa1 5.97%
    Caa2 5.00%
    Caa3 1.10%
    NR 0.09%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 19 2021

    Fund Maturity Ladder as of Apr 19 2021

    Name Weight
    0 - 2 Years 1.32%
    2 - 5 Years 53.01%
    5 - 7 Years 42.31%
    7 - 10 Years 3.36%
    10.01+ Years 0.00%
    Fund Documents
    Tax Documents
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management has retained Blackstone Liquid Credit Strategies LLC as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Blackstone Liquid Credit Strategies LLC.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained is that of the SPDR Blackstone Senior Loan ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    Prior to 02/26/2021, the SPDR® Blackstone Senior Loan ETF was known as the SPDR® Blackstone / GSO Senior Loan ETF.

    All information herein is provided as of the date(s) listed above. Calculations are performed on a trade date basis and are intended to include both settled and unsettled positions. The only exception to this is the calculation of Weighted Average Days to Reset which is performed on a settlement date basis and is intended to include information for settled positions only.

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    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

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