ULST

SPDR SSgA Ultra Short Term Bond ETF
*Unless otherwise stated, data provided by FactSet.

ULST Fund Description

ULST is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months.

ULST Factset Analytics Insight

Finding worthwhile returns while taking very little interest rate risk is a tall order in today’s low-yield environment. ULST is a new attempt to skin this cat in an ETF wrapper. ULST was launched with an expense ratio of 20 bps, which ICSH subsequently undercut by a few basis points. Difference in expense ratio, as well as trading spreads, could matter in the context of cash-like returns. Like ICSH, ULST relies on fund managers to select securities rather than simply tracking an index. The fund can hold a wide variety of instruments, provided they’re very short-dated, investment-grade and USD-denominated. This last point doesn’t preclude foreign debt, but ULST is no different from its peer in this respect. Factoring in trading cost and expense ratio, investors might experience negative returns.

ULST MSCI ESG Analytics Insight

SPDR SSgA Ultra Short Term Bond ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.87 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR SSgA Ultra Short Term Bond ETF ranks in the 29th percentile within its peer group and in the 17th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

ULST Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 10/26/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ULST 0.10% 0.57% 1.23% 1.75% 2.21% 1.84% --
ULST (NAV) 0.13% 0.43% 1.31% 1.76% 2.20% 1.84% --
No Underlying Index -- -- -- -- -- -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ULST Summary Data

SPDR
10/09/13
Open-Ended Fund
0.20%
$302.17M
$2.36M
0.04%

ULST Portfolio Data

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12/01/20
149

ULST Index Data

No Underlying Index
Proprietary
Proprietary
N/A

ULST Portfolio Management

0.20%
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ULST Tax Exposures

20.00% / 39.60%
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Ordinary income
No

ULST Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ULST Factset Analytics Block Liquidity

As of 10/27/20
5
4
3
2
1

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

ULST Tradability

58,430
$2.36M
39,533
$1.60M
0.04%
$0.02
0.02%
0.31% / -2.12%
None
100.00%
50,000
0.79
0.01%
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0
$40.42
N/A

ULST Top 10 Holdings[View All]

12.71%
1.73%
1.71%
1.67%
1.66%
1.66%
1.66%
1.59%
1.50%
1.34%
27.23%

ULST Performance Statistics

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ULST MSCI ESG Ratings

4.87 / 10
17.16
29.44
9.10%
0.69%
187.70

ULST Holdings Statistics

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Low
149
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ULST Avg Life Maturity Distribution

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ULST OAS Breakdown

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