Key stats
About SPDR Blackstone Senior Loan ETF
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Inception date
Apr 3, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
ISIN
US78467V6083
SRLN's actively managed approach to the senior loan ETF space has been well received by investors. The fund has amassed a strong asset base since launch. SRLN aims to outperform the indexes underlying two competing ETFs, SNLN and BKLN, citing two possible means. First, it tries to anticipate which credits will be added and dropped from the indexes, buying and selling accordingly. Second, it isn't constrained to US firms. By design, SRLN allocates overwhelmingly to floating rate, below-investment-grade loans per issuer State Street Global Advisors. SRLN trades well with small spreads, though larger investors looking to trade blocks will have to work harder with market makers for good executions as the underlying senior loan market is generally less liquid. It charges a reasonable fee for the active management space, and with no underlying index, tracking isn't a concern.
Related funds
Classification
What's in the fund
Exposure type
Loans
Miscellaneous
Stock breakdown by region
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SRLN assets under management is 6.92 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SRLN invests in bonds. See more details in our Analysis section.
SRLN expense ratio is 0.70%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SRLN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SRLN pays dividends to its holders with the dividend yield of 7.84%.
SRLN shares are issued by State Street Corp.
SRLN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 3, 2013.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.