SPDR® Loomis Sayles Opportunistic Bond ETF OBND

Important Risk Disclosure

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.

Actively managed funds do not seek to replicate the performance of a specified index. An actively managed fund may underperform its benchmark. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.

The values of debt securities may increase or decrease as a result of the following: market fluctuations, changes in interest rates, actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments or illiquidity in 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.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Intellectual Property Information: Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

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.

NAV

NAV

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

$29.94

as of Oct 21 2021

Base Currency

USD

Assets Under Management

$41.91 M

as of Oct 21 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.

0.55%

Quick Links

Key Features

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 this Benchmark

About this Benchmark

The Bloomberg Barclays 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., Standard & Poor’s Financial Services, LLC, 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.


Fund Information as of Oct 24 2021

Fund Information as of Oct 24 2021
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 Investment Manager
Bloomberg Barclays U.S. Aggregate Bond Index Sep 27 2021 No 0.55% USD Loomis Sayles SSGA Funds Management, Inc.
Benchmark Bloomberg Barclays U.S. Aggregate Bond 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
Sub-advisor Loomis Sayles
Investment Manager SSGA Funds Management, Inc.
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Oct 24 2021

Listing Information as of Oct 24 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Sep 28 2021 USD OBND 78470P804 US78470P8041
Exchange Cboe BZX Exchange, Inc
Listing Date Sep 28 2021
Trading Currency USD
Ticker OBND
CUSIP 78470P804
ISIN US78470P8041

Fund Characteristics as of Oct 21 2021

Fund Characteristics as of Oct 21 2021
Number of Holdings Average Coupon

Average Coupon

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

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.

Average Price 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.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

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. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

188 3.54% 7.83 $101.99 3.30% 3.14% 3.80 years
Number of Holdings 188
Average Coupon

Average Coupon

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

3.54%
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.

7.83
Average Price $101.99
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.

3.30%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

3.14%
Option Adjusted Duration

Option Adjusted Duration

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. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

3.80 years
Option Adjusted Spread 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.

108.30 3.28%
Option Adjusted Spread 108.30
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.

3.28%

Index Characteristics as of Oct 21 2021

Index Characteristics as of Oct 21 2021
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield
12,226 2.58% 8.67 $105.43 1.71% 0.43% 2.37%
Number of Holdings 12,226
Average Coupon 2.58%
Average Maturity in Years 8.67
Average Price $105.43
Average Yield To Worst 1.71%
Convexity 0.43%
Current Yield 2.37%
Option Adjusted Duration Option Adjusted Spread Real Adjusted Duration Yield to Maturity
6.74 years 31.73 6.65 years 1.72%
Option Adjusted Duration 6.74 years
Option Adjusted Spread 31.73
Real Adjusted Duration 6.65 years
Yield to Maturity 1.72%

Yields as of Oct 22 2021

Yields as of Oct 22 2021
Fund Distribution Yield

Fund Distribution Yield

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

0.00%
Fund Distribution Yield

Fund Distribution Yield

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

0.00%

Fund Market Price as of Oct 21 2021

Fund Market Price as of Oct 21 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.

$29.99 $29.99 $30.06 $29.91 2,546 0.18% 0.17%
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.

$29.99
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$29.99
Day High $30.06
Day Low $29.91
Exchange Volume (Shares)

Exchange Volume (shares)

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

2,546
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)

0.18%
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.

0.17%
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 Second Quarter of 2021 Third Quarter of 2021
Days Traded at Premium

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

- - - 3
Days Traded at Discount

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

- - - 0
Days Traded at Premium

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

Calendar Year 2020 -
First Quarter of 2021 -
Second Quarter of 2021 -
Third Quarter of 2021 3
Days Traded at Discount

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

Calendar Year 2020 -
First Quarter of 2021 -
Second Quarter of 2021 -
Third Quarter of 2021 0
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.

Premium/discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter.

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 21 2021

Fund Net Cash Amount as of Oct 21 2021
Net Cash Amount
$1,252,334.40
Net Cash Amount $1,252,334.40

Fund Net Asset Value as of Oct 21 2021

Fund Net Asset Value as of Oct 21 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
$29.94 1.40 M $41.91 M
NAV

NAV

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

$29.94
Shares Outstanding 1.40 M
Assets Under Management $41.91 M
Most Recent NAV / NAV History

Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Oct 21 2021
Index Top Holdingsas of Oct 21 2021

Fund Top Holdings as of Oct 21 2021

Name Market Value Identifier Weight
90DAY EURO$ FUTR DEC22 0 USD 84,349,750.00 EDZ2 297.06%
SPDR BLACKSTONE/GSO SEN LOAN USD 1,932,311.10 US78467V6083 6.81%
US DOLLAR USD 964,938.46 CASH_USD 3.40%
US ULTRA BOND(CBT DEC21 0 USD 948,593.75 WNZ1 3.34%
DIRECTV TLB L+500 LF75 5.75 USD 07/22/2027 676,447.08 LX196261 2.38%
ODART 2021-1A A 144A .87 USD 07/14/2028 597,032.03 US682687AA60 2.10%
EW SCRIPPS TLB L+256.25 LF 75 3.3125 USD 05/01/2026 524,249.25 LX184553 1.85%
MEDLINE TLB L+325 LF50 3.63088 USD 08/30/2028 500,510.00 LX198398 1.76%
UNITED AIRLINES TLB L+375 LF75 4.5 USD 04/21/2028 430,008.94 LX194289 1.51%
INTESA SANPAOLO SPA 144A W/O RTS 4.95 USD 06/01/2042 413,995.00 US46115HBS58 1.46%
Download All Holdings: Daily

Index Top Holdings as of Oct 21 2021

Name Weight
Fannie Mae Pool 2 05/25/2050 1.57%
Freddie Mac 2 06/25/2050 1.34%
Fannie Mae Pool 2 03/25/2051 1.21%
Fannie Mae Pool 2.5 02/25/2050 1.15%
Freddie Mac 2 03/25/2051 1.11%
Fannie Mae Pool 2.5 03/25/2051 0.87%
Freddie Mac 2.5 03/25/2050 0.78%
Ginnie Mae II Pool 2 12/20/2050 0.75%
Ginnie Mae II Pool 2.5 03/20/2050 0.74%
Freddie Mac 2.5 04/25/2051 0.68%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Oct 21 2021
Index Sector Breakdownas of Oct 21 2021

Fund Sector Breakdown as of Oct 21 2021

Sector Weight
Industrial 57.52%
Financial Institutions 22.71%
Unclassified 6.80%
CLO 6.18%
ABS 2.10%
Utility 0.94%
CMBS 0.35%
OTHER 3.40%

Index Sector Breakdown as of Oct 21 2021

Sector Weight
Treasury 38.61%
Mortgage Backed Securities 27.46%
CORPORATE - INDUSTRIAL 15.77%
Corporate - Finance 8.08%
Corporate - Utility 2.13%
CMBS 2.05%
Non Corporates - Supranationals 1.41%
Agency 1.35%
Non Corporates - Sovereigns 1.04%
Non Corporates - Foreign Local Govt 0.98%
Non Corporates - Foreign Agency 0.84%
Asset Backed Securities 0.28%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Oct 21 2021
Index Quality Breakdownas of Oct 21 2021

Fund Quality Breakdown as of Oct 21 2021

Name Weight
Cash 3.40%
AAA 2.10%
AA3 1.07%
A1 0.52%
A2 2.72%
A3 1.58%
BAA1 4.43%
BAA2 8.13%
BAA3 17.58%
BA1 5.76%
BA2 3.26%
BA3 9.58%
B1 11.22%
B2 12.39%
B3 5.45%
CAA1 0.30%
NR 10.52%

Index Quality Breakdown as of Oct 21 2021

Name Weight
Aaa 71.37%
Aa 3.30%
A 11.25%
Baa 14.08%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Oct 21 2021
Index Maturity Ladderas of Oct 21 2021

Fund Maturity Ladder as of Oct 21 2021

Name Weight
0 - 1 Year 11.01%
1 - 2 Years 1.71%
2 - 3 Years 8.14%
3 - 5 Years 20.05%
5 - 7 Years 25.36%
7 - 10 Years 19.27%
10 - 15 Years 1.05%
15 - 20 Years 6.54%
20 - 30 Years 4.29%
> 30 Years 2.57%

Index Maturity Ladder as of Oct 21 2021

Name Weight
1 - 2 Years 10.31%
2 - 3 Years 9.24%
3 - 5 Years 21.92%
5 - 7 Years 22.18%
7 - 10 Years 16.84%
10 - 15 Years 1.54%
15 - 20 Years 4.70%
20 - 30 Years 12.23%
> 30 Years 1.05%

Region Weights

Region Weights
Fund Region Weightsas of Oct 21 2021

Fund Region Weights as of Oct 21 2021

Region Weight
Region Weight
North America 85.61%
Europe - Euro Zone 9.56%
Other 3.40%
Great Britain 0.94%
Latin America Emerging Market 0.42%
Asia Emerging Market 0.07%

Geographical Breakdown

Geographical Breakdown

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.


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 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.

Distributor State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

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.