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SPDR® DoubleLine® Short Duration Total Return Tactical ETF STOT

NAV
$46.31
as of Mar 29 2023
Base Currency
USD
Assets Under Management
$120.41 M
as of Mar 29 2023
Gross Expense Ratio
0.45%

Key Features


  • The SPDR® DoubleLine® Short Duration Total Return Tactical ETF seeks to maximize current income with a dollar-weighted average effective duration between one and three years
  • Provides actively managed exposure to short duration fixed income with a dollar weighted average effective duration between one and three years
  • Combines traditional and non-traditional fixed income asset classes with the goal of maximizing current income through active sector allocation and security selection
  • Seeks to outperform the benchmark, in part by exploiting mispriced areas of the bond market while also including asset classes not included in the index such as high yield bonds and emerging markets debt

About this Benchmark


The Bloomberg U.S. Aggregate 1-3 Year Index provides a measure of the performance of the U.S. dollar denominated investment grade bond market that have a remaining maturity of greater than or equal to 1 year and less than 3 years. The index includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody's Investor Service, Inc., Standard & Poor's, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and asset backed securities that are publicly for sale in the United States.


Fund Information as of Mar 31 2023

Benchmark Bloomberg U.S. Aggregate 1-3 Year Index
Inception Date Apr 13 2016
Options Available No
Gross Expense Ratio
0.45%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Sub-advisor DoubleLine Capital LP
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Mar 31 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Apr 14 2016 USD STOT 78470P200 US78470P2002

Fund Characteristics as of Mar 29 2023

Number of Holdings 274
Average Coupon
3.77%
Average Maturity in Years
2.66
Average Price $94.83
Average Yield To Worst
5.89%
Option Adjusted Duration
1.26 years
Option Adjusted Spread 169.62
Yield to Maturity
5.90%

Index Characteristics as of Mar 29 2023

Number of Holdings 3,142
Average Coupon 2.37%
Average Maturity in Years 1.90
Average Price $96.20
Average Yield To Worst 4.57%
Option Adjusted Duration 1.80 years
Option Adjusted Spread 32.16
Yield to Maturity 4.57%

Yields as of Mar 29 2023

30 Day SEC Yield
4.88%
30 Day SEC Yield (Unsubsidized)
4.88%
Fund Distribution Yield
2.91%

Fund Market Price as of Mar 29 2023

Bid/Ask
$46.40
Closing Price
$46.39
Day High $46.41
Day Low $46.36
Exchange Volume (Shares)
855
Premium/Discount
0.18%
30-Day Median Bid/Ask Spread
0.04%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
106
Days Traded at Discount
145

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 Mar 29 2023

Net Cash Amount $6,802,102.34

Fund Net Asset Value as of Mar 29 2023

NAV
$46.31
Shares Outstanding 2.60 M
Assets Under Management $120.41 M

Fund Performance

  • Fund Inception Date: Apr 13 2016

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 13 2016
Fund Before Tax
NAV Feb 28 2023 -0.33% 1.02% 1.02% -1.30% -0.40% 1.14% - 1.13%
Market Value Feb 28 2023 -0.53% 0.82% 0.82% -1.27% -0.56% 1.08% - 1.12%
Benchmark
Feb 28 2023 -0.75% 0.06% 0.06% -2.53% -0.85% 0.95% 0.85% 0.80%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 -0.46% 0.89% 0.89% -2.37% -1.21% 0.24% - 0.20%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -0.20% 0.60% 0.60% -0.77% -0.64% 0.50% - 0.47%
Benchmark
Feb 28 2023 -0.75% 0.06% 0.06% -2.53% -0.85% 0.95% 0.85% 0.80%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 13 2016
Fund Before Tax
NAV Dec 31 2022 0.39% 1.07% -3.79% -3.79% -0.44% 0.84% - 1.00%
Market Value Dec 31 2022 0.61% 1.38% -3.78% -3.78% -0.37% 0.82% - 1.03%
Benchmark
Dec 31 2022 0.20% 0.90% -3.72% -3.72% -0.42% 0.86% 0.86% 0.81%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 0.10% 0.56% -4.77% -4.77% -1.23% -0.06% - 0.07%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.23% 0.63% -2.24% -2.24% -0.65% 0.27% - 0.37%
Benchmark
Dec 31 2022 0.20% 0.90% -3.72% -3.72% -0.42% 0.86% 0.86% 0.81%

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: 0.45%


Top Holdings

as of Mar 29 2023
as of Mar 29 2023

Fund Top Holdings as of Mar 29 2023

Name Market Value ISIN Weight
TREASURY BILL 0 08/10/2023 14,742,645.00 US912796XY07 12.19%
US TREASURY N/B 4.25 10/15/2025 12,072,890.64 US91282CFP14 9.98%
TREASURY BILL 0 07/25/2023 3,692,657.81 US912797FZ56 3.05%
US DOLLARS 3,440,742.17 - 2.84%
CITIGROUP MORTGAGE LOAN TRUST 3.61858 07/25/2037 2,732,128.87 US17313FAR38 2.26%
LUMINENT MORTGAGE TRUST 5.16529 11/25/2036 2,221,936.29 US55028CAA36 1.84%
Napier Park Global Capital LLC 5.95771 01/20/2035 2,204,442.28 US75889FAC86 1.82%
Marble Point CLO Management LLC 6.03243 10/17/2034 1,954,375.00 US56606KAA34 1.62%
Preston Ridge Partners Mortgag 3.72 02/25/2027 1,603,506.50 US693582AA63 1.33%
WAMU MORTGAGE PASS-THROUGH CER 3.40413 12/25/2036 1,568,317.52 US92925GAC78 1.30%
Download All Holdings: Daily

Index Top Holdings as of Mar 29 2023

Name ISIN Weight
US TREASURY N/B 2.375 08/15/2024 US912828D564 1.06%
US TREASURY N/B 2.25 11/15/2024 US912828G385 1.04%
US TREASURY N/B 2.5 05/15/2024 US912828WJ58 1.04%
US TREASURY N/B 2.25 11/15/2025 US912828M565 1.02%
US TREASURY N/B .625 10/15/2024 US91282CDB46 0.99%
US TREASURY N/B .5 02/28/2026 US91282CBQ33 0.99%
US TREASURY N/B .375 09/15/2024 US91282CCX74 0.99%
US TREASURY N/B .25 03/15/2024 US91282CBR16 0.97%
US TREASURY N/B .375 01/31/2026 US91282CBH34 0.97%
US TREASURY N/B 2 08/15/2025 US912828K742 0.95%

Sector Allocation

as of Mar 29 2023
as of Mar 29 2023

Fund Sector Breakdown as of Mar 29 2023

Sector Weight
Treasury 26.79%
Mortgage Backed Securities 19.50%
Collateralized Loan Obligations 14.45%
Investment Grade Corporate 11.44%
Commercial Mortgage Backed Securities 11.20%
Bank Loans 6.87%
Asset Backed Securities 5.07%
Emerging Markets 4.67%

Index Sector Breakdown as of Mar 29 2023

Sector Weight
Treasury 62.98%
Corporate - Industrial 10.94%
Corporate - Finance 10.63%
Non Corporates 5.73%
Agency 3.42%
CMBS 2.03%
Asset Backed Securities 1.63%
Mortgage Backed Securities 1.45%
Corporate - Utility 1.17%

Quality Breakdown

as of Mar 29 2023
as of Mar 29 2023

Fund Quality Breakdown as of Mar 29 2023

Name Weight
Name Weight
NR 11.48%
Aaa 57.75%
Aa1 0.50%
Aa2 0.26%
Aa3 0.24%
A1 1.81%
A2 2.58%
A3 1.35%
Baa1 3.06%
Baa2 2.88%
Baa3 4.75%
Ba1 3.90%
Ba2 2.59%
Ba3 1.07%
B1 0.59%
B2 0.11%
Caa2 2.32%
Caa3 1.89%
Ca3 0.77%
C3 0.09%

Index Quality Breakdown as of Mar 29 2023

Name Weight
AAA 73.54%
AA1 2.25%
AA2 0.60%
AA3 1.64%
A1 3.91%
A2 3.93%
A3 3.90%
BAA1 3.20%
BAA2 4.04%
BAA3 2.99%

Maturity Ladder

as of Mar 29 2023
as of Mar 29 2023

Fund Maturity Ladder as of Mar 29 2023

Name Weight
0 - 1 Year 24.90%
1 - 2 Years 14.80%
2 - 3 Years 19.21%
3 - 5 Years 32.15%
5 - 7 Years 7.82%
7 - 10 Years 1.12%

Index Maturity Ladder as of Mar 29 2023

Name Weight
1 - 2 Years 53.51%
2 - 3 Years 46.49%

Region Weights

Fund Region Weights as of Mar 29 2023

Region Weight
North America 94.18%
South America 1.83%
Western Europe 1.15%
Southeast Asia 0.83%
Central America 0.67%
Middle East 0.45%
South Asia 0.42%
Africa 0.32%
East Asia 0.16%

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® DoubleLine® Short Duration Total Return Tactical ETF.

State Street Global Advisors Funds Distributors, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained DoubleLine Capital LP as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with DoubleLine Capital LP.

DoubleLine® is a registered trademark of DoubleLine Capital LP.  

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.

"Bloomberg®" and Bloomberg U.S. Aggregate 1-3 Year 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® DoubleLine® Short Duration Total Return Tactical ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® DoubleLine® Short Duration Total Return Tactical ETF.

Prior to 8/24/2021, the Bloomberg U.S. Aggregate 1-3 Year Index was known as the Bloomberg Barclays U.S. Aggregate 1-3 Year Index.