State Street IG Public & Private Credit ETF

Frequently Asked Questions About PRIV

What does PRIV invest in?

The State Street IG Public & Private Credit ETF (PRIV) is an actively managed fund focused on investment-grade debt, encompassing both publicly traded and privately issued credit instruments. Its core objective is to maximize risk-adjusted returns and provide current income by strategically allocating capital across a diverse range of these debt securities. The SSGA Active Fixed Income Team manages PRIV, employing a risk-aware investment strategy that integrates a macroeconomic top-down outlook with detailed bottom-up security selection. This method aims to overweight the most attractive sectors and issuers. Private credit instruments, potentially sourced through Apollo Global Securities LLC, typically comprise 10-35% of the fund's portfolio, though their allocation may fall outside this range at any given time.

What is the expense ratio of PRIV?

State Street IG Public & Private Credit ETF (PRIV) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

What is PRIV's dividend yield?

PRIV's trailing-twelve-month yield is 4.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PRIV?

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

What is the credit quality of PRIV?

PRIV'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 PRIV?

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