# SPDR Series Trust - State Street SPDR S&P Leveraged Loan ETF (LVLN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lvln for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SPDR · Asset class: Fixed Income - Strategy: Leveraged · Inception: 2025-11-17 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. ## Key Facts | Metric | Value | |---|---| | Price | $24.50 | | Expense Ratio | 0.40% | | Assets Under Management | $51.4M | | NAV | $24.47 | | Holdings Count | 0 | | Distribution Yield (TTM) | 5.96% | | Annual Distribution (TTM) | $1.46 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.35 – $25.36 | | Beta | 0.06 | ## Latest Distribution - Amount: $0.1370 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-06 ## Frequently Asked Questions ### 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. ### Does LVLN pay a dividend? Yes, SPDR Series Trust - State Street SPDR S&P Leveraged Loan ETF (LVLN) distributes dividends to shareholders. The trailing-twelve-month yield is 5.96%. Full dividend history is on this page. ### How often does LVLN pay dividends? SPDR Series Trust - State Street SPDR S&P Leveraged Loan ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is LVLN's next ex-dividend date? The most recently announced ex-dividend date for LVLN was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LVLN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LVLN charge its expense ratio? The expense ratio is deducted in tiny daily slices from LVLN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LVLN cost more than a fund like VOO? LVLN is a leveraged fund (current expense ratio 0.40%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to LVLN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LVLN (0.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lvln - Distribution history: https://www.dividenddata.com/funds/lvln/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lvln/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lvln/expenses - Peer comparison: https://www.dividenddata.com/funds/lvln/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.