SRLN: SPDR Blackstone Senior Loan ETF - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$45.98

-

4.50%

$2.07

0.70%

Vitals

YTD Return

0.7%

1 yr return

7.5%

3 Yr Avg Return

4.2%

5 Yr Avg Return

4.3%

Net Assets

$7.28 B

Holdings in Top 10

27.5%

52 WEEK LOW AND HIGH

$45.98
$44.13
$46.29

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 176.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Bank Loan


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$45.98

-

4.50%

$2.07

0.70%

SRLN - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.31%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR Blackstone Senior Loan ETF
  • Fund Family Name
    SPDR State Street Global Advisors
  • Inception Date
    Apr 03, 2013
  • Shares Outstanding
    158550000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gordon McKemie

Fund Description

The fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index and the S&P/LSTA U.S. Leveraged Loan 100 Index by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, "Senior Loans" are first lien senior secured floating rate bank loans.


SRLN - Performance

Return Ranking - Trailing

Period SRLN Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.5% 11.8% 87.89%
1 Yr 7.5% 0.8% 42.1% 59.62%
3 Yr 4.2%* -1.0% 5.9% 10.71%
5 Yr 4.3%* 1.1% 7.5% 25.00%
10 Yr N/A* 2.2% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period SRLN Return Category Return Low Category Return High Rank in Category (%)
2020 -2.0% -16.5% 289.8% 31.49%
2019 4.2% -8.1% 7.5% 5.54%
2018 -5.3% -12.2% 5.5% 73.64%
2017 -0.7% -4.2% 3.7% 72.65%
2016 2.9% -65.0% 12.9% 88.18%

Total Return Ranking - Trailing

Period SRLN Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.5% 11.8% 87.27%
1 Yr 7.5% 0.4% 42.1% 54.03%
3 Yr 4.2%* -1.3% 10.0% 15.36%
5 Yr 4.3%* 1.1% 7.6% 29.10%
10 Yr N/A* 2.2% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SRLN Return Category Return Low Category Return High Rank in Category (%)
2020 -2.0% -16.5% 289.8% 31.49%
2019 4.2% -8.1% 7.5% 7.38%
2018 -5.3% -12.2% 5.5% 82.17%
2017 -0.7% -4.2% 7.2% 76.92%
2016 2.9% -65.0% 12.9% 91.82%

SRLN - Holdings

Concentration Analysis

SRLN Category Low Category High SRLN % Rank
Net Assets 7.28 B 10 M 9.84 B 6.25%
Number of Holdings 321 12 1358 52.40%
Net Assets in Top 10 2.33 B -171 M 2.33 B 0.30%
Weighting of Top 10 27.50% 4.9% 95.4% 22.22%

Top 10 Holdings

  1. LOWER CADENCE HOLDINGS LLC TERM LOAN B 1.95%
  2. CHANGE HEALTHCARE HLDGS INC TERM LOAN B 1.93%
  3. PETSMART INC CONSENTING TERM LOAN 1.60%
  4. ENTERPRISE MERGER SUB INC INITIAL TERM LOANS 1.56%
  5. CAMBIUM LEARNING GROUP INC TERM LOAN 1.50%
  6. ALPHABET HOLDING COMPANY INC. INITIAL TERM LOAN 1.48%
  7. TEAM HEALTH INC DEL TERM LOAN B 1.48%
  8. Surgery Center Holdings, Inc. 2021 Term Loan 1.45%
  9. Surgery Center Holdings, Inc. 2021 Term Loan 1.45%
  10. Surgery Center Holdings, Inc. 2021 Term Loan 1.45%

Asset Allocation

Weighting Return Low Return High SRLN % Rank
Bonds
84.86% 41.18% 149.51% 96.71%
Cash
15.12% -49.60% 55.70% 2.40%
Stocks
0.02% 0.00% 15.31% 86.23%
Preferred Stocks
0.00% 0.00% 29.39% 85.33%
Other
0.00% -54.12% 12.76% 76.35%
Convertible Bonds
0.00% 0.00% 3.77% 89.22%

Stock Sector Breakdown

Weighting Return Low Return High SRLN % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 44.77% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 99.69% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 99.95% N/A
Consumer Defense
0.00% 0.00% 100.00% N/A
Consumer Cyclical
0.00% 0.00% 74.16% N/A
Basic Materials
0.00% 0.00% 57.03% N/A

Stock Geographic Breakdown

Weighting Return Low Return High SRLN % Rank
US
0.02% -0.01% 15.61% 84.43%
Non US
0.00% -0.30% 4.00% 86.83%

Bond Sector Breakdown

Weighting Return Low Return High SRLN % Rank
Corporate
84.88% 0.00% 100.00% 84.08%
Cash & Equivalents
15.12% 0.00% 58.10% 6.01%
Derivative
0.00% 0.00% 9.59% 83.18%
Securitized
0.00% 0.00% 100.00% 90.69%
Municipal
0.00% 0.00% 0.68% 83.48%
Government
0.00% 0.00% 5.94% 82.58%

Bond Geographic Breakdown

Weighting Return Low Return High SRLN % Rank
US
68.67% 3.17% 128.54% 76.65%
Non US
16.19% 0.00% 115.41% 59.88%

SRLN - Expenses

Operational Fees

SRLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.02% 7.50% 88.65%
Management Fee 0.70% 0.00% 2.40% 78.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

SRLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

SRLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SRLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 176.00% 8.00% 215.00% 96.79%

SRLN - Distributions

Dividend Yield Analysis

SRLN Category Low Category High SRLN % Rank
Dividend Yield 4.50% 0.00% 5.29% 80.18%

Dividend Distribution Analysis

SRLN Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SRLN Category Low Category High SRLN % Rank
Net Income Ratio 4.31% 1.77% 10.93% 43.36%

Capital Gain Distribution Analysis

SRLN Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Dividend Payout History

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SRLN - Fund Manager Analysis

Managers

Gordon McKemie


Start Date

Tenure

Tenure Rank

May 14, 2015

6.3

6.3%

Gordon McKemie is a Principal of The Blackstone Group L.P. and a portfolio manager for CCS. Mr. McKemie is also responsible for the evaluation and ongoing analysis of primary and secondary fixed income investments across multiple industries. Prior to joining GSO, Mr. McKemie was an Associate in Leveraged Finance at Citigroup and an Assistant Vice President in high yield research at Barclays Capital. He began his career at Lehman Brothers. Mr. McKemie received a B.B.A. from Goizueta Business School at Emory University. Mr. McKemie has earned the right to use the Chartered Financial Analyst designation.

Daniel McMullen


Start Date

Tenure

Tenure Rank

Sep 28, 2015

5.93

5.9%

Daniel T. McMullen is a Senior Managing Director and Senior Portfolio Manager with GSO Capital Partners LP (“GSO”), and serves as lead Portfolio Manager of the Portfolio. Since joining Blackstone in 2002, Mr. McMullen's responsibilities have included the coordination of the group's capital markets activities for broadly distributed transactions. Mr. McMullen serves as the group's senior representative for a number of financial intermediaries. Before joining Blackstone, Mr. McMullen worked at CIBC World Markets, most recently as a Director and Senior Investment Analyst for the structured investment vehicles managed by Trimaran Advisors, L. L. C. Prior to that, Mr. McMullen was a Director in the Investment Banking Group at CIBC, specializing in the aerospace and defense industries. Before joining CIBC in 1996, Mr. McMullen was employed at The Chase Manhattan Bank where he worked in the Corporate Finance Healthcare Group. Mr. McMullen has earned the right to use the Chartered Financial Analyst designation and received a BA from the University of Rochester where he graduated cum laude.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.85 5.9 2.5