Source: Morningstar, as of 03/31/2021. Oldest share class of US listed Fixed Income ETFs and Mutual Funds.
Explore these areas of the fixed income market for potential tax-loss harvesting opportunities especially in a year when most equity exposures have rallied.
Fixed income ETFs may help build more resilient portfolios to buffer against future volatility and pursue your investment goals. Here's how.
Access our latest in-depth research and market commentary on how investors can use ETFs to construct and reposition fixed income portfolios.
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1Bloomberg Finance, L.P., as of June 29, 2021.
2Morningstar, as of 03/31/2021. Median net expense ratio of 0.25% for fixed income ETFs versus 0.64% for fixed Income mutual funds.
3State Street Global Advisors, as of September 30, 2021.
Investing involves risk including the risk of loss of principal.
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Prior to 02/26/2021, the SPDR Blackstone Senior Loan ETF was known as the SPDR Blackstone / GSO Senior Loan ETF.
This communication is not intended to be an investment recommendation or investment advice and should not be relied upon as such.
Diversification does not ensure a profit or guarantee against loss.
Actively managed ETFs do not seek to replicate the performance of a specified index.
Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.
The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in the debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income.
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.
Investments in mortgage backed securities are subject to prepayment risk which can limit the potential for gain during a declining interest rate environment and increases the potential for loss in a rising interest rate environment.
The municipal market is volatile and can be significantly affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax.
SSGA Funds Management has retained Blackstone Liquid Credit Strategies LLC and Nuveen Asset Management as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Blackstone Liquid Credit Strategies LLC and Nuveen Asset Management.