SPDR Blackstone Senior Loan ETFSPDR Blackstone Senior Loan ETFSPDR Blackstone Senior Loan ETF

SPDR Blackstone Senior Loan ETF

No trades
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Key stats


Assets under management (AUM)
‪7.52 B‬USD
Fund flows (1Y)
‪2.90 B‬USD
Dividend yield (indicated)
8.83%
Discount/Premium to NAV
0.1%

About SPDR Blackstone Senior Loan ETF


Issuer
State Street Corp.
Brand
SPDR
Expense ratio
0.70%
Home page
Inception date
Apr 3, 2013
Index tracked
No Underlying Index
Management style
Active
SRLN's actively managed approach to the senior loan ETF space has been well received by investors. The fund has amassed a strong asset base since launch. SRLN aims to outperform the indexes underlying two competing ETFs, SNLN and BKLN, citing two possible means. First, it tries to anticipate which credits will be added and dropped from the indexes, buying and selling accordingly. Second, it isn't constrained to US firms. By design, SRLN allocates overwhelmingly to floating rate, below-investment-grade loans per issuer State Street Global Advisors. SRLN trades well with small spreads, though larger investors looking to trade blocks will have to work harder with market makers for good executions as the underlying senior loan market is generally less liquid. It charges a reasonable fee for the active management space, and with no underlying index, tracking isn't a concern.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
High yield
Niche
Floating rate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Loans
Mutual fund
Stocks0.57%
Technology Services0.39%
Producer Manufacturing0.18%
Bonds, Cash & Other99.43%
Loans69.82%
Mutual fund14.36%
Miscellaneous9.67%
Corporate4.46%
Cash1.13%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.