State Street Ultra Short Term Bond ETF

Frequently Asked Questions About ULST

What does ULST invest in?

The State Street Ultra Short Term Bond ETF aims to generate current income for investors, while steadfastly upholding capital preservation and offering readily available daily liquidity. This objective is met through a strategic allocation to high-quality, short-duration investments. Overseen by the State Street Active Fixed Income Team, the fund takes a proactive management approach. It strategically incorporates slightly longer-dated securities than typical cash instruments, striving to achieve a superior total return compared to traditional cash vehicles, without sacrificing its conservative risk profile.

What is the expense ratio of ULST?

State Street Ultra Short Term Bond ETF (ULST) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is ULST's dividend yield?

ULST's trailing-twelve-month yield is 4.15%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of ULST?

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

What is the credit quality of ULST?

ULST'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 ULST?

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