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SPDR® Loomis Sayles Opportunistic Bond ETF OBND

NAV
$25.80
as of Mar 30 2023
Base Currency
USD
Assets Under Management
$34.82 M
as of Mar 30 2023
Gross Expense Ratio
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., 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.


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 Apr 01 2023

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

Listing Information as of Apr 01 2023

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

Fund Characteristics as of Mar 30 2023

Number of Holdings 438
Average Coupon
5.23%
Average Maturity in Years
4.58
Average Price $92.68
Average Yield To Worst
6.95%
Option Adjusted Duration
4.76 years
Option Adjusted Spread 199.40
Yield to Maturity
6.95%

Index Characteristics as of Mar 30 2023

Number of Holdings 13,263
Average Coupon 2.84%
Average Maturity in Years 8.44
Average Price $91.47
Average Yield To Worst 4.48%
Option Adjusted Duration 6.28 years
Option Adjusted Spread 56.28
Yield to Maturity 4.48%

Yields as of Mar 30 2023

30 Day SEC Yield
6.06%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
4.72%

Fund Market Price as of Mar 30 2023

Bid/Ask
$25.78
Closing Price
$25.78
Day High $25.82
Day Low $25.82
Exchange Volume (Shares)
300
Premium/Discount
-0.06%
30-Day Median Bid/Ask Spread
0.35%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
238
Days Traded at Discount
13

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 30 2023

Net Cash Amount $3,474,415.13

Fund Net Asset Value as of Mar 30 2023

NAV
$25.80
Shares Outstanding 1.35 M
Assets Under Management $34.82 M

Fund Performance

  • Fund Inception Date: Sep 27 2021

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 27 2021
Fund Before Tax
NAV Feb 28 2023 -2.63% 1.28% 1.28% -7.32% - - - -7.15%
Market Value Feb 28 2023 -2.69% 1.02% 1.02% -7.60% - - - -7.18%
Primary Benchmark
Feb 28 2023 -2.59% 0.41% 0.41% -9.72% -3.77% 0.53% 1.12% -9.24%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 -2.79% 1.12% 1.12% -9.00% - - - -8.56%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -1.56% 0.76% 0.76% -4.33% - - - -5.99%
Primary Benchmark
Feb 28 2023 -2.59% 0.41% 0.41% -9.72% -3.77% 0.53% 1.12% -9.24%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 27 2021
Fund Before Tax
NAV Dec 31 2022 -0.56% 3.07% -11.23% -11.23% - - - -8.96%
Market Value Dec 31 2022 -0.71% 3.15% -11.21% -11.21% - - - -8.81%
Primary Benchmark
Dec 31 2022 -0.45% 1.87% -13.01% -13.01% -2.71% 0.02% 1.06% -10.65%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 -0.90% 2.33% -12.80% -12.80% - - - -10.40%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.33% 1.82% -6.63% -6.63% - - - -7.37%
Primary Benchmark
Dec 31 2022 -0.45% 1.87% -13.01% -13.01% -2.71% 0.02% 1.06% -10.65%

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

as of Mar 30 2023
as of Mar 30 2023

Fund Top Holdings as of Mar 30 2023

Name Market Value Identifier Weight
US Dollar 3,544,895.90 CASH_USD 10.20%
U S TREASURY NOTES 2,368,184.06 US912828ZY98 6.81%
ODART 2021-1A A 144A 562,966.70 US682687AA60 1.62%
CREDIT SUISSE NEW YORK 469,642.06 US22550L2J94 1.35%
UNICREDIT SPA 144A W/O RTS 453,619.47 US904678AQ20 1.31%
STANDARD CHARTERED PLC 144A W/O RTS 391,702.36 US853254CQ11 1.13%
BANK OF AMERICA CORP 352,567.74 US06051GKN87 1.01%
ANHEUSER-BUSCH INBEV WOR 346,522.33 US035240AV25 1.00%
EW SCRIPPS TLB L+256.25 LF 75 318,835.72 LX184553 0.92%
AIGIM 2018-1A BR 144A 314,686.68 US00141UAG85 0.91%
Download All Holdings: Daily

Index Top Holdings as of Mar 30 2023

Name ISIN Weight
Fannie Mae or Freddie Mac 2 03/25/2051 - 2.20%
Fannie Mae or Freddie Mac 2 03/25/2050 - 1.52%
Fannie Mae or Freddie Mac 2.5 05/25/2051 - 1.20%
Ginnie Mae II Pool 2 01/20/2051 - 0.82%
Fannie Mae or Freddie Mac 2.5 11/25/2049 - 0.77%
Ginnie Mae II Pool 2.5 03/20/2051 - 0.76%
Ginnie Mae II Pool 2.5 01/20/2050 - 0.48%
US TREASURY N/B 4.125 11/15/2032 US91282CFV81 0.42%
US TREASURY N/B 2.875 05/15/2032 US91282CEP23 0.39%
US TREASURY N/B 1.25 08/15/2031 US91282CCS89 0.38%

Sector Allocation

as of Mar 30 2023
as of Mar 30 2023

Fund Sector Breakdown as of Mar 30 2023

Sector Weight
Industrial 47.48%
Financial Institutions 23.51%
CLO 8.02%
Treasuries 6.81%
Utility 1.94%
ABS 1.62%
CMBS 0.25%
OTHER 10.36%

Index Sector Breakdown as of Mar 30 2023

Sector Weight
Treasury 41.03%
Mortgage Backed Securities 27.22%
CORPORATE - INDUSTRIAL 14.20%
Corporate - Finance 8.17%
Corporate - Utility 2.06%
CMBS 1.76%
Non Corporates - Supranationals 1.33%
Agency 1.18%
Non Corporates - Sovereigns 0.98%
Non Corporates - Foreign Local Govt 0.84%
Non Corporates - Foreign Agency 0.78%
Asset Backed Securities 0.44%

Quality Breakdown

as of Mar 30 2023
as of Mar 30 2023

Fund Quality Breakdown as of Mar 30 2023

Name Weight
Name Weight
Cash 10.36%
AAA 10.58%
AA1 1.41%
AA2 4.47%
AA3 1.06%
A1 2.49%
A2 4.89%
A3 5.41%
BAA1 4.75%
BAA2 5.20%
BAA3 8.38%
BA1 8.66%
BA2 5.40%
BA3 6.66%
B1 4.46%
B2 7.36%
B3 5.33%
CAA1 1.61%
CAA2 0.23%
NR 1.30%

Index Quality Breakdown as of Mar 30 2023

Name Weight
AAA 72.97%
AA1 1.01%
AA2 0.65%
AA3 1.49%
A1 3.18%
A2 3.95%
A3 3.97%
BAA1 4.20%
BAA2 5.35%
BAA3 3.22%

Maturity Ladder

as of Mar 30 2023
as of Mar 30 2023

Fund Maturity Ladder as of Mar 30 2023

Name Weight
0 - 1 Year 20.98%
1 - 2 Years 10.21%
2 - 3 Years 8.98%
3 - 5 Years 26.80%
5 - 7 Years 14.06%
7 - 10 Years 11.56%
10 - 15 Years 1.39%
15 - 20 Years 2.27%
20 - 30 Years 1.53%
> 30 Years 2.21%

Index Maturity Ladder as of Mar 30 2023

Name Weight
1 - 2 Years 11.70%
2 - 3 Years 10.18%
3 - 5 Years 16.95%
5 - 7 Years 15.82%
7 - 10 Years 27.29%
10 - 15 Years 2.06%
15 - 20 Years 4.92%
20 - 30 Years 10.23%
> 30 Years 0.85%

Region Weights

Fund Region Weights as of Mar 30 2023

Region Weight
North America 76.43%
Other 10.36%
Europe - Euro Zone 8.51%
Great Britain 2.81%
Australia 0.90%
Asia 0.55%
Asia Emerging Market 0.40%
Latin America Emerging Market 0.03%

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.