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SPDR® Blackstone Senior Loan ETF SRLN

NAV

NAV

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

$41.77
as of Oct 10 2024
Base Currency
USD
Assets Under Management
$6,229.63 M
as of Oct 10 2024
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

  • The SPDR Blackstone 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 Morningstar 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 Blackstone Credit & Insurance
  • 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

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

The Morningstar LSTA U.S. Leveraged Loan 100 Index is designed to reflect the largest facilities in the US 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 Morningstar LSTA (Loan Syndications and Trading Association) Leveraged Loan Index (LLI).

Fund Information as of Oct 11 2024

Primary Benchmark Markit iBoxx USD Liquid Leveraged Loan Index
Secondary Benchmark Morningstar LSTA US Leverage 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
Administrator State Street Global Advisors Funds Management Inc.
Sub-advisor Blackstone Liquid Credit Strategies LLC
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Oct 11 2024

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Apr 04 2013 USD SRLN 78467V608 US78467V6083

Fund Characteristics as of Oct 10 2024

Number of Holdings 503
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is the length of time during which the investor will receive interest payments on the investment. When the bond reaches maturity the principal is repaid.

4.77
Percent of Loans in the Portfolio with LIBOR Floors 59.95%
Weighted Average All in Rate 8.36%
Weighted Average Days to Reset 35
Weighted Average LIBOR Floor 0.60%
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$98.37

Index Characteristics as of Oct 11 2024

Primary Benchmark Index Ticker Symbol IBXXLLTR
Secondary Benchmark Index Ticker Symbol SPBDLL
Primary Benchmark Number of Holdings 89
Secondary Benchmark Number of Holdings 100

Yields as of Oct 10 2024

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 maximum offering price on the last day of the period.

8.31%
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 Distribution Yield

Fund Distribution Yield

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

8.93%

Fund Market Price as of Oct 10 2024

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.

$41.74
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$41.75
Day High $41.80
Day Low $41.74
Exchange Volume (Shares)

Exchange Volume (shares)

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

894,828
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)

-0.05%
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.

0.02%

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.

Number of Days Summary

Calendar Year 2023 First Quarter of 2024 Second Quarter of 2024 Third Quarter of 2024
Days Traded at Premium

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

36 4 6 8
Days Traded at Discount

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

214 57 57 56

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 Oct 10 2024

Net Cash Amount $54,871,209.03

Fund Net Asset Value as of Oct 10 2024

NAV

NAV

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

$41.77
Shares Outstanding 149.15 M
Assets Under Management $6,229.63 M

Fund Performance

  • Fund Inception Date: Apr 03 2013

as of Sep 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 03 2013
Fund Before Tax
NAV Sep 30 2024 0.72% 2.19% 5.86% 9.03% 3.96% 4.27% 3.74% 3.48%
Market Value Sep 30 2024 0.58% 2.17% 5.68% 9.02% 3.96% 4.21% 3.76% 3.47%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
Sep 30 2024 0.46% 1.97% 5.95% 8.62% 5.19% 4.13% 3.54% 3.40%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
Sep 30 2024 0.61% 1.89% 6.07% 9.49% 6.17% 5.36% 4.47% 4.26%
Fund After Tax
Return after Taxes on Distributions Sep 30 2024 0.42% 1.28% 3.36% 5.13% 1.00% 1.68% 1.49% 1.37%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2024 0.43% 1.29% 3.43% 5.24% 1.72% 2.12% 1.84% 1.70%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
Sep 30 2024 0.46% 1.97% 5.95% 8.62% 5.19% 4.13% 3.54% 3.40%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
Sep 30 2024 0.61% 1.89% 6.07% 9.49% 6.17% 5.36% 4.47% 4.26%

as of Sep 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 03 2013
Fund Before Tax
NAV Sep 30 2024 0.72% 2.19% 5.86% 9.03% 3.96% 4.27% 3.74% 3.48%
Market Value Sep 30 2024 0.58% 2.17% 5.68% 9.02% 3.96% 4.21% 3.76% 3.47%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
Sep 30 2024 0.46% 1.97% 5.95% 8.62% 5.19% 4.13% 3.54% 3.40%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
Sep 30 2024 0.61% 1.89% 6.07% 9.49% 6.17% 5.36% 4.47% 4.26%
Fund After Tax
Return after Taxes on Distributions Sep 30 2024 0.42% 1.28% 3.36% 5.13% 1.00% 1.68% 1.49% 1.37%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2024 0.43% 1.29% 3.43% 5.24% 1.72% 2.12% 1.84% 1.70%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
Sep 30 2024 0.46% 1.97% 5.95% 8.62% 5.19% 4.13% 3.54% 3.40%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
Sep 30 2024 0.61% 1.89% 6.07% 9.49% 6.17% 5.36% 4.47% 4.26%

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: 0.70%

Top Holdings

Subject to change.

Fund Top Holdings as of Oct 10 2024

Name Par Value Weight
Allied Universal Holdco LLC aka USAGM 05/12/2028 112,094,488 1.79%
athenahealth Group Inc. 02/15/2029 102,034,274 1.64%
UKG Inc aka Ultimate Kronos/UKG 02/10/2031 99,432,446 1.60%
AI Aqua Merger Sub Inc. aka Culligan 07/31/2028 98,970,207 1.59%
Zayo Group Holdings Inc 03/09/2027 101,441,034 1.54%
MH Sub I, LLC aka Internet Brands, Inc./Micro Holdings Corp. 05/03/2028 95,643,451 1.52%
Gainwell Acquisition Corp. aka Milano 10/01/2027 97,684,654 1.50%
Neptune Bidco US Inc aka Nielsen/Nielsen Holdings 04/11/2029 100,330,972 1.49%
Virgin Media Bristol LLC aka Virgin/O2 01/31/2028 86,665,728 1.36%
CDK Global II LLC 07/06/2029 84,226,327 1.34%

Sector Allocation

Fund Sector Breakdown as of Oct 10 2024

Sector Weight
Sector Weight
Technology: Semiconductor (40) 15.06%
Banking, Finance, Insurance & Real Estate (3) 13.68%
Services: Business (23) 13.62%
High Tech Industries (16) 6.83%
Telecommunications (26) 4.71%
Diversified Conglomerate / Manufacturing (34) 4.59%
Healthcare & Pharmaceuticals (15) 3.71%
Services: Consumer (24) 3.62%
Media: Broadcasting & Subscription (19) 3.48%
Chemicals, Plastics, & Rubber (6) 3.26%
Retail (22) 3.21%
Aerospace & Defense (1) 3.05%
Restaurants: Family Dining (42) 2.74%
Energy: Oil & Gas (12) 1.93%
Construction & Building (7) 1.86%
Consumer goods: Non-durable (9) 1.80%
Media: Cable TV (41) 1.78%
Hotel, Gaming & Leisure (17) 1.68%
Automotive (2) 1.61%
Containers, Packaging & Glass (10) 1.41%
Transportation: Cargo (27) 0.93%
Media: Advertising, Printing & Publishing (18) 0.92%
Wholesale (32) 0.79%
Energy: Electricity (11) 0.66%
Transportation: Consumer (28) 0.56%
Consumer goods: Durable (8) 0.50%
Food and Miscellaneous Services (36) 0.46%
Leisure & Entertainment: Movie Theatres (39) 0.40%
Metals & Mining (21) 0.29%
Utilities: Electric (29) 0.23%
Beverage, Food & Tobacco (4) 0.21%
Leisure & Entertainment: Amusement Parks (38) 0.17%
Environmental Industries (13) 0.16%
Diversified Conglomerate / Service (37) 0.04%
Forest Products & Paper (14) 0.03%
Grocery (35) 0.03%

Asset Allocation

Fund Asset Allocation as of Oct 10 2024

Sector Weight
Loans 95.36%
Bonds 5.72%
Cash -1.08%

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

as of Oct 10 2024
as of Oct 10 2024

S&P Fund Quality Breakdown as of Oct 10 2024

Name Weight
BBB- 1.89%
BB+ 2.02%
BB 4.97%
BB- 5.66%
B+ 12.30%
B 38.90%
B- 28.86%
CCC+ 2.89%
CCC 0.45%
NR 2.06%

Moody's Fund Quality Breakdown as of Oct 10 2024

Name Weight
Baa2 0.02%
Baa3 0.30%
Ba1 3.58%
Ba2 3.40%
Ba3 10.01%
B1 10.96%
B2 47.46%
B3 18.35%
Caa1 2.39%
Caa2 1.32%
Caa3 0.11%
Ca 0.59%
NR 0.82%
WR 0.68%

Maturity Ladder

Fund Maturity Ladder as of Oct 10 2024

Name Weight
0 - 2 Years 1.57%
2 - 5 Years 60.07%
5 - 7 Years 37.37%
7 - 10 Years 0.96%
> 10 Years 0.02%

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 Blackstone Liquid Credit Strategies LLC as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Blackstone Liquid Credit Strategies LLC.

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 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.

SSGA Funds Management has retained Blackstone Liquid Credit Strategies LLC as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Blackstone Liquid Credit Strategies LLC.

Prior to 02/26/2021, the SPDR® Blackstone Senior Loan ETF was known as the SPDR® Blackstone / GSO Senior Loan ETF.

Prior to 8/29/2022, the Morningstar LSTA US Leverage Loan 100 Index was known as the S&P/LSTA U.S. Leveraged Loan 100 Index.

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.