State Street Blackstone Senior Loan ETF

Frequently Asked Questions About SRLN

What does SRLN invest in?

SSGA Active Trust - State Street Blackstone Senior Loan ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is co-managed by SSGA Funds Management, Inc., Blackstone Liquid Credit Strategies LLC and Blackstone Liquid Credit Strategies LLC. It invests in fixed Income markets of the United States and Canada region. The fund invests in senior loans that are rated below investment-grade by S&P, Moody's and Fitch. The fund will maintain an average interest rate duration of less than 90 days. It employs fundamental analysis to create its portfolio. It seeks to benchmark the performance of its portfolio against the Markit iBoxx USD Liquid Leveraged Loan Index, the Morningstar LSTA US Leveraged Loan 100 Index, Morningstar LSTA US Leveraged Loan Index and the Bloomberg U.S. Aggregate Bond Index. SSGA Active Trust - State Street Blackstone Senior Loan ETF was formed on April 3, 2013 and is domiciled in the United States.

What is the expense ratio of SRLN?

State Street Blackstone Senior Loan ETF (SRLN) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

What is SRLN's dividend yield?

SRLN's trailing-twelve-month yield is 7.26%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SRLN?

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

What is the credit quality of SRLN?

SRLN'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 SRLN?

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