SPDR Series Trust - State Street SPDR S&P Leveraged Loan ETF

Frequently Asked Questions About LVLN

What does LVLN invest in?

State Street SPDR S&P Leveraged Loan ETF is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the S&P UBS Leveraged Loan Index. The fund invests primarily in U.S. dollar-denominated, below-investment-grade floating-rate leveraged loans issued by corporations, providing exposure to senior secured loans and their income potential.

What is the expense ratio of LVLN?

SPDR Series Trust - State Street SPDR S&P Leveraged Loan ETF (LVLN) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is LVLN's dividend yield?

LVLN's trailing-twelve-month yield is 5.96%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of LVLN?

Effective duration measures LVLN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LVLN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of LVLN?

LVLN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of LVLN?

Yield to maturity (YTM) is the total return you'd earn from LVLN if every bond in the portfolio is held to maturity at the current price. LVLN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.