State Street Loomis Sayles Opportunistic Bond ETF

Frequently Asked Questions About OBND

What does OBND invest in?

The State Street Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed fund employing a multi-asset credit strategy. Its primary aim is to seize risk premiums in markets that Loomis Sayles, through its robust credit selection and risk management, believes offer substantial risk-adjusted return potential across diverse market cycles. The fund possesses extensive flexibility, permitting investments in debt obligations of any credit quality and spanning all fixed income sectors, including specialized areas such as bank loans and securitized credit instruments. It can also allocate its entire portfolio to non-investment grade securities. Moreover, the fund can invest across the full maturity spectrum, with its portfolio duration, generally targeted between zero and seven years, dynamically managed based on Loomis Sayles' expert views on interest rates.

What is the expense ratio of OBND?

State Street Loomis Sayles Opportunistic Bond ETF (OBND) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

What is OBND's dividend yield?

OBND's trailing-twelve-month yield is 6.62%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OBND?

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

What is the credit quality of OBND?

OBND'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 OBND?

Yield to maturity (YTM) is the total return you'd earn from OBND if every bond in the portfolio is held to maturity at the current price. OBND'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.