SPDR® Blackstone / GSO 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.

$44.29

as of Aug 10 2020

Base Currency

USD

Assets Under Management

$1,457.09 M

as of Aug 10 2020

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%


Key Features

Key Features

  • The SPDR Blackstone / GSO 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 GSO / 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 Aug 10 2020

Fund Information as of Aug 10 2020
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 GSO / Blackstone Debt Funds Management 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 GSO / Blackstone Debt Funds Management 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 Aug 10 2020

Listing Information as of Aug 10 2020
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 Aug 07 2020

Fund Characteristics as of Aug 07 2020
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
260 4.99 0.25% 100.00% 4.66% 38 0.44%
Number of Holdings 260
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.

4.99
Current 3 month LIBOR 0.25%
Percent of Loans in the Portfolio with LIBOR Floors 100.00%
Weighted Average All in Rate 4.66%
Weighted Average Days to Reset 38
Weighted Average LIBOR Floor 0.44%
Weighted Average Price
$95.39
Weighted Average Price $95.39

Index Characteristics as of Aug 11 2020

Index Characteristics as of Aug 11 2020
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 Aug 10 2020

Yields as of Aug 10 2020
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.

5.04% - 5.17%
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.

5.04%
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.

5.17%

Fund Market Price as of Aug 10 2020

Fund Market Price as of Aug 10 2020
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 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)

$44.40 $44.42 $44.42 $44.36 49,176 0.26%
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 a given security.

$44.40
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$44.42
Day High $44.42
Day Low $44.36
Exchange Volume (Shares)

Exchange Volume (shares)

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

49,176
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)

0.26%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    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 Aug 10 2020

    Fund Net Cash Amount as of Aug 10 2020
    Net Cash Amount
    $55,306,313.00
    Net Cash Amount $55,306,313.00

    Fund Net Asset Value as of Aug 10 2020

    Fund Net Asset Value as of Aug 10 2020
    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
    $44.29 32.90 M $1,457.09 M
    NAV

    NAV

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

    $44.29
    Shares Outstanding 32.90 M
    Assets Under Management $1,457.09 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Apr 03 2013

    as of Jul 31 2020

    as of Jun 30 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 03 2013
    Fund Before Tax
    NAV Jul 31 2020 2.56% 2.56% -2.31% 0.39% 2.54% 2.60% - 2.53%
    Market Value Jul 31 2020 2.51% 2.51% -2.58% 0.28% 2.52% 2.55% - 2.51%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    Jul 31 2020 1.98% 1.98% -4.35% -2.22% 1.64% 2.22% 3.51% 2.20%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    Jul 31 2020 2.20% 2.20% -1.82% 0.67% 2.96% 3.47% 4.13% 3.07%
    Fund After Tax
    Return after Taxes on Distributions Jul 31 2020 2.38% 2.38% -3.33% -1.70% 0.49% 0.65% - 0.74%
    Return after Taxes on Distributions and Sale of Fund Shares Jul 31 2020 1.52% 1.52% -1.38% 0.22% 1.06% 1.12% - 1.13%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    Jul 31 2020 1.98% 1.98% -4.35% -2.22% 1.64% 2.22% 3.51% 2.20%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    Jul 31 2020 2.20% 2.20% -1.82% 0.67% 2.96% 3.47% 4.13% 3.07%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 03 2013
    Fund Before Tax
    NAV Jun 30 2020 0.68% 7.72% -4.75% -1.23% 1.93% 2.06% - 2.20%
    Market Value Jun 30 2020 0.99% 9.66% -4.97% -1.23% 1.90% 2.04% - 2.19%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    Jun 30 2020 -0.36% 5.76% -6.21% -3.08% 1.23% 1.72% 3.59% 1.95%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    Jun 30 2020 -0.20% 6.60% -3.93% -0.47% 2.47% 2.95% 4.13% 2.80%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 0.51% 7.15% -5.58% -3.30% -0.10% 0.12% - 0.43%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 0.41% 4.56% -2.81% -0.71% 0.62% 0.72% - 0.89%
    Markit iBoxx USD Liquid Leveraged Loan Index
    Primary Index
    Jun 30 2020 -0.36% 5.76% -6.21% -3.08% 1.23% 1.72% 3.59% 1.95%
    S&P/LSTA U.S. Leveraged Loan 100 Index
    Secondary Index
    Jun 30 2020 -0.20% 6.60% -3.93% -0.47% 2.47% 2.95% 4.13% 2.80%

    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 Aug 10 2020

    Fund Top Holdings as of Aug 10 2020

    Name Par Value Weight
    Bass Pro Group, LLC 09/25/2024 32,382,135 2.31%
    Clarios US finance Co Inc aka Power Solutions/Johnson Controls 04/30/2026 23,628,840 1.66%
    Asurion LLC aka Asurion Corporation 08/04/2025 22,979,651 1.65%
    Univision Communications Inc. 6.625% 06/01/2027 20,548,000 1.48%
    Sunshine Luxembourg VII Sarl aka Nestle Skin Health 10/01/2026 20,204,128 1.44%
    PetSmart Inc. 03/11/2022 19,667,228 1.40%
    Envision Healthcare Corp 10/10/2025 29,055,519 1.38%
    Boxer Parent Company Inc aka BMC Software 10/02/2025 19,789,091 1.37%
    Rackspace Hosting Inc. 11/03/2023 19,461,971 1.37%
    Petco Animal Supplies, Inc. 01/26/2023 22,397,376 1.36%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Aug 07 2020

    Fund Sector Breakdown as of Aug 07 2020

    Sector Weight
    Services: Business (23) 12.11%
    Healthcare & Pharmaceuticals (15) 11.17%
    Telecommunications (26) 9.19%
    High Tech Industries (16) 9.12%
    Banking, Finance, Insurance & Real Estate (3) 8.56%
    Retail (22) 7.79%
    Media: Broadcasting & Subscription (19) 5.90%
    Technology: Semiconductor (40) 5.46%
    Services: Consumer (24) 4.37%
    Diversified Conglomerate / Manufacturing (34) 3.47%
    Consumer goods: Durable (8) 3.10%
    Chemicals, Plastics, & Rubber (6) 3.10%
    Automotive (2) 3.04%
    Aerospace & Defense (1) 2.02%
    Construction & Building (7) 1.96%
    Restaurants: Family Dining (42) 1.92%
    Containers, Packaging & Glass (10) 1.19%
    Media: Cable TV (41) 1.02%
    Metals & Mining (21) 0.98%
    Hotel, Gaming & Leisure (17) 0.85%
    Consumer goods: Non-durable (9) 0.81%
    Transportation: Consumer (28) 0.69%
    Energy: Electricity (11) 0.46%
    Wholesale (32) 0.38%
    Environmental Industries (13) 0.36%
    Ecological (33) 0.36%
    Beverage, Food & Tobacco (4) 0.20%
    Media: Advertising, Printing & Publishing (18) 0.18%
    Capital Equipment (5) 0.16%
    Leisure & Entertainment: Movie Theatres (39) 0.07%
    Utilities: Electric (29) 0.02%

    Asset Allocation

    Asset Allocation
    Fund Asset Allocationas of Aug 07 2020

    Fund Asset Allocation as of Aug 07 2020

    Sector Weight
    Loans 83.05%
    Bonds 13.09%
    Cash 3.86%

    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 Aug 07 2020

    Name Weight
    BBB 0.27%
    BBB- 1.20%
    BB+ 0.66%
    BB 2.24%
    BB- 6.96%
    B+ 19.89%
    B 41.53%
    B- 21.86%
    CCC+ 3.13%
    CCC 1.42%
    NR 0.63%

    Moody's Fund Quality Breakdown as of Aug 07 2020

    Name Weight
    Baa3 0.24%
    Ba1 0.57%
    Ba2 1.93%
    Ba3 4.93%
    B1 25.03%
    B2 49.89%
    B3 12.18%
    Caa1 2.07%
    Caa2 2.59%
    NR 0.36%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Aug 07 2020

    Fund Maturity Ladder as of Aug 07 2020

    Name Weight
    0 - 2 Years 2.82%
    2 - 5 Years 53.45%
    5 - 7 Years 36.08%
    7 - 10 Years 6.53%
    10.01+ Years 1.12%

    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 GSO/Blackstone Debt Funds Management LLC as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with GSO/Blackstone Debt Funds Management 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 GSO / 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.

    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.