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SPDR® Loomis Sayles Opportunistic Bond ETF OBND

NAV

NAV

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

$26.13
as of Oct 07 2024
Base Currency
USD
Assets Under Management
$40.51 M
as of Oct 07 2024
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.

0.55%

Key Features

  • The SPDR® Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed multi-asset credit strategy that seeks to capture risk premiums in markets it believes offer strong risk-adjusted return potential over a full market cycle due to Loomis Sayles’ credit selection and risk management process 
  • The fund may invest in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments, as well as allocate 100% of the portfolio into non-investment grade rated securities
  • The fund can also invest across the entire maturity curve with the duration of the portfolio (target duration between zero to seven years) managed based on the interest rate views of Loomis Sayles

About the Primary Benchmark

The Bloomberg U.S. Aggregate Bond Index (the “Index”) is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody’s Investors Service, Inc., S&P Global Ratings, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Index is market capitalization weighted.

About the Secondary Benchmark

The SPDR Loomis Sayles Opportunistic Bond Composite Index is a composite benchmark comprising 50% investment grade corporate bonds, 25% high yield corporate bonds, and 25% senior loans. The investment grade corporate bond portion of the composite benchmark is represented by the Bloomberg US Corporate Bond Index, the high yield corporate bond portion is represented by the Bloomberg US High Yield 2% Issuer Capped Index, and the senior loan portion is represented by the Morningstar LSTA US Leveraged Loan Index.

Fund Information as of Oct 08 2024

Primary Benchmark Bloomberg U.S. Aggregate Bond Index
Secondary Benchmark SPDR Loomis Sayles Opportunistic Bond Composite Index
Inception Date Sep 27 2021
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.

0.55%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Sub-advisor Loomis, Sayles & Company, L.P.
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Oct 08 2024

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Sep 28 2021 USD OBND 78470P804 US78470P8041

Fund Characteristics as of Oct 07 2024

Number of Holdings 501
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

6.30%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is the length of time during which the investor will receive interest payments on the investment. When the bond reaches maturity the principal is repaid.

5.28
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$98.35
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

6.49%
Option Adjusted Duration

Option Adjusted Duration

Also known as effective duration which is a duration calculation that takes into account the effect of embedded options in bonds. An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. 

3.67 years
Option Adjusted Spread 171.58
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

6.50%

Index Characteristics as of Oct 07 2024

Number of Holdings 13,702
Average Coupon 3.47%
Average Maturity in Years 8.38
Average Price $93.87
Average Yield To Worst 4.48%
Option Adjusted Duration 6.17 years
Option Adjusted Spread 34.27
Yield to Maturity 4.49%

Yields as of Oct 07 2024

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 maximum offering price on the last day of the period.

5.93%
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 Distribution Yield

Fund Distribution Yield

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

6.58%

Fund Market Price as of Oct 07 2024

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.

$26.18
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$26.18
Day High $26.20
Day Low $26.20
Exchange Volume (Shares)

Exchange Volume (shares)

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

202
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)

0.17%
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.

0.04%

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.

Number of Days Summary

Calendar Year 2023 First Quarter of 2024 Second Quarter of 2024 Third Quarter of 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

193 61 63 64
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

57 0 0 0

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 Oct 07 2024

Net Cash Amount $1,581,972.04

Fund Net Asset Value as of Oct 07 2024

NAV

NAV

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

$26.13
Shares Outstanding 1.55 M
Assets Under Management $40.51 M

Fund Performance

  • Fund Inception Date: Sep 27 2021

as of Sep 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 27 2021
Fund Before Tax
NAV Sep 30 2024 1.33% 4.56% 5.68% 12.86% 0.95% - - 0.96%
Market Value Sep 30 2024 1.31% 4.70% 5.86% 12.96% 0.99% - - 1.04%
Primary Benchmark
Bloomberg U.S. Aggregate Bond Index
Sep 30 2024 1.34% 5.20% 4.45% 11.57% -1.39% 0.33% 1.84% -1.47%
Secondary Benchmark
SPDR Loomis Sayles Opportunistic Bond Composite Index
Sep 30 2024 1.47% 4.74% 6.31% 13.50% 1.83% 3.24% 3.99% 1.70%
Fund After Tax
Return after Taxes on Distributions Sep 30 2024 1.11% 3.86% 3.77% 9.84% -1.17% - - -1.15%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2024 0.78% 2.69% 3.32% 7.51% -0.21% - - -0.20%
Primary Benchmark
Bloomberg U.S. Aggregate Bond Index
Sep 30 2024 1.34% 5.20% 4.45% 11.57% -1.39% 0.33% 1.84% -1.47%
Secondary Benchmark
SPDR Loomis Sayles Opportunistic Bond Composite Index
Sep 30 2024 1.47% 4.74% 6.31% 13.50% 1.83% 3.24% 3.99% 1.70%

as of Sep 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 27 2021
Fund Before Tax
NAV Sep 30 2024 1.33% 4.56% 5.68% 12.86% 0.95% - - 0.96%
Market Value Sep 30 2024 1.31% 4.70% 5.86% 12.96% 0.99% - - 1.04%
Primary Benchmark
Bloomberg U.S. Aggregate Bond Index
Sep 30 2024 1.34% 5.20% 4.45% 11.57% -1.39% 0.33% 1.84% -1.47%
Secondary Benchmark
SPDR Loomis Sayles Opportunistic Bond Composite Index
Sep 30 2024 1.47% 4.74% 6.31% 13.50% 1.83% 3.24% 3.99% 1.70%
Fund After Tax
Return after Taxes on Distributions Sep 30 2024 1.11% 3.86% 3.77% 9.84% -1.17% - - -1.15%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2024 0.78% 2.69% 3.32% 7.51% -0.21% - - -0.20%
Primary Benchmark
Bloomberg U.S. Aggregate Bond Index
Sep 30 2024 1.34% 5.20% 4.45% 11.57% -1.39% 0.33% 1.84% -1.47%
Secondary Benchmark
SPDR Loomis Sayles Opportunistic Bond Composite Index
Sep 30 2024 1.47% 4.74% 6.31% 13.50% 1.83% 3.24% 3.99% 1.70%

Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. 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.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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: 0.55%

Top Holdings

Subject to change.

as of Oct 07 2024
as of Oct 07 2024

Fund Top Holdings as of Oct 07 2024

Name Identifier Market Value Weight
US Dollar CASH_USD 2,008,973.07 4.96%
SPDR BLACKSTONE/GSO SEN LOAN US78467V6083 737,277.84 1.82%
UNICREDIT SPA 144A W/O RTS US904678AQ20 430,102.09 1.06%
S&S HOLDINGS TLB S+500 FL50 LX245993 378,839.04 0.94%
BANK OF AMERICA CORP US06051GKN87 296,533.64 0.73%
CHG HEALTHCARE TLB1 S+CSA+350 LF50 LX198337 292,325.93 0.72%
ROPER TECHNOLOGIES INC US776696AH96 281,621.97 0.70%
WORLDPAY TLB S+250 LX236655 266,254.99 0.66%
CBAM 2018-6A B2R 144A US12481XAU46 260,582.90 0.64%
CLVR 2018-1A B1RR 144A US18914GAG64 260,149.68 0.64%
Download All Holdings: Daily

Index Top Holdings as of Oct 07 2024

Name ISIN Weight
Fannie Mae or Freddie Mac 2 02/25/2051 - 1.74%
Fannie Mae or Freddie Mac 2 01/25/2050 - 1.19%
Fannie Mae or Freddie Mac 2.5 04/25/2051 - 0.94%
Ginnie Mae 2 11/20/2050 - 0.62%
Fannie Mae or Freddie Mac 2.5 09/25/2049 - 0.59%
Ginnie Mae 2.5 03/20/2051 - 0.58%
US TREASURY N/B 4.375 05/15/2034 US91282CKQ32 0.44%
US TREASURY N/B 4 02/15/2034 US91282CJZ59 0.42%
US TREASURY N/B 4.5 11/15/2033 US91282CJJ18 0.42%
US TREASURY N/B 3.875 08/15/2033 US91282CHT18 0.38%

Sector Allocation

Fund Sector Breakdown as of Oct 07 2024

Sector Weight
Sector Weight
Banking 17.17%
Technology 12.63%
Consumer Cyclical 11.46%
Communications 8.01%
Consumer Non_Cyclical 6.65%
Capital Goods 5.54%
Cash & Equivalent 4.96%
Energy 4.51%
Finance Companies 4.27%
CLO 4.17%
Electric 3.93%
Basic Industry 3.60%
Insurance 3.12%
Transportation 2.33%
Financial Other 1.95%
Industrial Other 1.60%
REITs 1.52%
Brokerage 1.44%
ABS Car Loan 0.60%
Govt Sponsored 0.27%
Non Agency CMBS 0.21%
Natural Gas 0.05%
Unclassified 0.01%

Asset Allocation

Fund Asset Allocation as of Oct 07 2024

Sector Weight
Investment Grade Bond 35.60%
High Yield Bond 30.08%
Bank Loan 23.65%
Cash 4.96%
CLO Debt 4.17%
Securitized 1.03%
Convertible Bond 0.49%

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

Fund Quality Breakdown as of Oct 07 2024

Name Weight
Name Weight
Cash 4.96%
AAA 1.59%
AA1 1.26%
AA2 1.92%
AA3 1.12%
A1 4.01%
A2 1.98%
A3 4.97%
BAA1 7.13%
BAA2 11.15%
BAA3 5.84%
BA1 5.69%
BA2 7.77%
BA3 10.84%
B1 6.09%
B2 13.28%
B3 4.61%
CAA1 3.13%
C 0.45%
NR 2.22%

Maturity Ladder

Fund Maturity Ladder as of Oct 07 2024

Name Weight
0 - 1 Year 13.92%
1 - 2 Years 4.58%
2 - 3 Years 6.47%
3 - 5 Years 35.21%
5 - 7 Years 18.66%
7 - 10 Years 16.66%
10 - 15 Years 1.06%
15 - 20 Years 1.06%
20 - 30 Years 2.04%
> 30 Years 0.32%

Region Weights

Fund Region Weights as of Oct 07 2024

Region Weight
North America 79.15%
Europe - Euro Zone 9.61%
Other 4.96%
Great Britain 4.04%
Asia 1.03%
Australia 0.93%
Asia Emerging Market 0.24%
African Emerging Market 0.03%
Unclassified 0.01%

Geographical Breakdown

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.

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 herein is that of the SPDR® Loomis Sayles Opportunistic Bond 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.

SSGA Funds Management, Inc. has retained Loomis Sayles as the investment sub-adviser to the fund. State Street Global Advisors Funds Distributors, LLC is not affiliated with Loomis Sayles.

"Bloomberg®" and Bloomberg U.S. Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR® Loomis Sayles Opportunistic Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® Loomis Sayles Opportunistic Bond ETF.

Prior to 8/24/2021, the Bloomberg U.S. Aggregate Bond Index was known as the Bloomberg Barclays U.S. Aggregate Bond Index.