SRLN

SPDR Blackstone Senior Loan ETF
*Unless otherwise stated, data provided by FactSet.

SRLN Fund Description

SRLN provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less.

SRLN Factset Analytics Insight

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.

PERFORMANCE [as of 09/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SRLN 0.96% 0.70% 3.70% 6.81% 4.29% 4.29% --
SRLN (NAV) 0.84% 0.63% 4.31% 6.93% 4.29% 4.33% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SRLN Summary Data

SPDR
04/03/13
Open-Ended Fund
0.70%
$7.59B
$82.13M
0.02%

SRLN Portfolio Data

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N/A
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SRLN Index Data

No Underlying Index
Proprietary
Proprietary
N/A

SRLN Portfolio Management

0.70%
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SRLN Tax Exposures

20.00% / 39.60%
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Ordinary income
No

SRLN Fund Structure

Open-Ended Fund
No
No
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N/A
N/A
Low
Daily

SRLN Factset Analytics Block Liquidity

As of 09/17/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SRLN. SRLN is rated a 5 out of 5.

SRLN Tradability

1,792,353
$82.13M
1,663,097
$76.19M
0.02%
$0.01
-0.04%
0.54% / -0.58%
None
100.00%
50,000
33.26
0.00%
--
250
$46.00
5

SRLN Top 10 Holdings[View All]

14.72%
1.89%
1.88%
1.69%
1.46%
1.25%
1.23%
1.20%
1.18%
1.08%
27.58%

SRLN Performance Statistics

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SRLN Holdings Statistics

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SRLN Avg Life Maturity Distribution

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SRLN OAS Breakdown

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