Key stats
About SPDR DoubleLine Short Duration Total Return Tactical ETF
Expense ratio
0.45%
Home page
Inception date
Apr 13, 2016
STOT is an actively managed fund that invests in short-term investment grade and high-yield debt, targeting a weighted average effective duration between one and three years. Managed by Jeffrey Gundlach's DoubleLine Capital, STOT has a broad mandate to achieve its duration target with a few self-imposed portfolio constraints. The fund holds a minimum of 25% allocation to mortgage-backed securities, a maximum of 20% in high yield corporate bonds, up to 15% allocation to bonds denominated in foreign currencies, and a 20% cap to emerging markets. STOT's state benchmark is more tightly constrained: USD-only, investment-grade only. The managers consider security selection within sectors, relative sector performance, yield curve shape, and interest rate moves.
Classification
What's in the fund
Exposure type
Securitized
Government
Corporate
Stocks0.10%
Finance0.10%
Bonds, Cash & Other99.90%
Securitized43.81%
Government31.67%
Corporate16.71%
Loans4.49%
Miscellaneous1.60%
Mutual fund1.31%
Cash0.29%