SPDR SSGA Ultra Short Term Bond ETF
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.7%
1 yr return
5.8%
3 Yr Avg Return
3.7%
5 Yr Avg Return
2.6%
Net Assets
$591 M
Holdings in Top 10
41.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ULST - Profile
Distributions
- YTD Total Return 4.7%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.67%
- Dividend Yield 5.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSPDR SSGA Ultra Short Term Bond ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateOct 09, 2013
-
Shares Outstanding9525000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Palmieri
Fund Description
ULST - Performance
Return Ranking - Trailing
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.7% | -0.6% | 7.6% | 78.87% |
1 Yr | 5.8% | 1.8% | 9.2% | 69.01% |
3 Yr | 3.7%* | -1.3% | 6.9% | 37.07% |
5 Yr | 2.6%* | -0.9% | 4.7% | 35.26% |
10 Yr | 2.1%* | -4.2% | 27.9% | 37.19% |
* Annualized
Return Ranking - Calendar
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.0% | -2.3% | 4.3% | 60.09% |
2022 | -0.8% | -6.5% | 0.5% | 26.21% |
2021 | -0.3% | -2.1% | 0.3% | 28.50% |
2020 | 0.1% | -3.1% | 1.8% | 67.19% |
2019 | 0.6% | -1.2% | 6.1% | 37.36% |
Total Return Ranking - Trailing
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.7% | -0.6% | 7.6% | 78.87% |
1 Yr | 5.8% | 1.8% | 9.2% | 69.01% |
3 Yr | 3.7%* | -1.3% | 6.9% | 37.07% |
5 Yr | 2.6%* | -0.9% | 4.7% | 35.26% |
10 Yr | 2.1%* | -4.2% | 27.9% | 37.19% |
* Annualized
Total Return Ranking - Calendar
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | 0.8% | 12.1% | 64.32% |
2022 | 0.9% | -5.1% | 2.5% | 18.45% |
2021 | 0.3% | -2.1% | 14.5% | 32.50% |
2020 | 1.4% | -1.0% | 3.6% | 59.90% |
2019 | 3.2% | 0.3% | 9.6% | 37.36% |
ULST - Holdings
Concentration Analysis
ULST | Category Low | Category High | ULST % Rank | |
---|---|---|---|---|
Net Assets | 591 M | 26.6 K | 22.6 B | 52.58% |
Number of Holdings | 147 | 2 | 1258 | 78.40% |
Net Assets in Top 10 | 242 M | 27.7 K | 22.7 B | 43.19% |
Weighting of Top 10 | 41.86% | 6.3% | 159.6% | 16.90% |
Top 10 Holdings
- State Street Institutional US Government Money Market Fund 12.48%
- U.S. Treasury Bills 7.77%
- U.S. Treasury Bills 6.91%
- U.S. Treasury Notes 3.48%
- American Express Credit Account Master Trust 3.06%
- Sumitomo Mitsui Financial Group Inc 1.73%
- Hyundai Auto Lease Securitization Trust 2023-A 1.73%
- US Bancorp 1.72%
- Mercedes-Benz Auto Lease Trust 2023-A 1.72%
- Huntington Bancshares Inc/OH 1.26%
Asset Allocation
Weighting | Return Low | Return High | ULST % Rank | |
---|---|---|---|---|
Bonds | 62.39% | 0.00% | 129.63% | 77.93% |
Cash | 28.07% | 0.00% | 112.72% | 7.51% |
Other | 9.54% | -13.48% | 99.96% | 51.17% |
Convertible Bonds | 4.82% | 0.00% | 15.25% | 30.19% |
Stocks | 0.00% | 0.00% | 97.16% | 84.98% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 83.57% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ULST % Rank | |
---|---|---|---|---|
Corporate | 52.49% | 0.00% | 99.91% | 22.17% |
Cash & Equivalents | 27.16% | 0.00% | 112.72% | 7.51% |
Securitized | 12.35% | 0.00% | 100.00% | 66.51% |
Government | 7.17% | 0.00% | 100.00% | 35.38% |
Derivative | 0.02% | -13.48% | 16.56% | 20.19% |
Municipal | 0.00% | 0.00% | 70.39% | 91.04% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ULST % Rank | |
---|---|---|---|---|
US | 62.39% | 0.00% | 129.63% | 77.93% |
Non US | 0.00% | 0.00% | 20.18% | 86.85% |
ULST - Expenses
Operational Fees
ULST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.20% | 0.08% | 29.63% | 91.43% |
Management Fee | 0.20% | 0.00% | 1.19% | 30.05% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
ULST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
ULST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
ULST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 76.00% | 0.00% | 336.00% | 61.45% |
ULST - Distributions
Dividend Yield Analysis
ULST | Category Low | Category High | ULST % Rank | |
---|---|---|---|---|
Dividend Yield | 4.97% | 0.00% | 8.76% | 45.54% |
Dividend Distribution Analysis
ULST | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
ULST | Category Low | Category High | ULST % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.67% | -1.30% | 14.86% | 31.71% |
Capital Gain Distribution Analysis
ULST | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 01, 2024 | $0.168 | OrdinaryDividend |
Oct 01, 2024 | $0.169 | OrdinaryDividend |
Sep 03, 2024 | $0.173 | OrdinaryDividend |
Aug 01, 2024 | $0.174 | OrdinaryDividend |
Jul 01, 2024 | $0.172 | OrdinaryDividend |
Jun 03, 2024 | $0.174 | OrdinaryDividend |
May 01, 2024 | $0.171 | OrdinaryDividend |
Apr 01, 2024 | $0.176 | OrdinaryDividend |
Mar 01, 2024 | $0.167 | OrdinaryDividend |
Feb 01, 2024 | $0.167 | OrdinaryDividend |
Dec 18, 2023 | $0.183 | OrdinaryDividend |
Dec 01, 2023 | $0.165 | OrdinaryDividend |
Nov 01, 2023 | $0.160 | OrdinaryDividend |
Oct 02, 2023 | $0.159 | OrdinaryDividend |
Sep 01, 2023 | $0.162 | OrdinaryDividend |
Aug 01, 2023 | $0.155 | OrdinaryDividend |
Jul 03, 2023 | $0.146 | OrdinaryDividend |
Jun 01, 2023 | $0.145 | OrdinaryDividend |
May 01, 2023 | $0.139 | OrdinaryDividend |
Apr 03, 2023 | $0.130 | OrdinaryDividend |
Mar 01, 2023 | $0.126 | OrdinaryDividend |
Feb 01, 2023 | $0.125 | OrdinaryDividend |
Dec 19, 2022 | $0.126 | OrdinaryDividend |
Dec 01, 2022 | $0.108 | OrdinaryDividend |
Nov 01, 2022 | $0.094 | OrdinaryDividend |
Oct 03, 2022 | $0.081 | OrdinaryDividend |
Sep 01, 2022 | $0.088 | OrdinaryDividend |
Aug 01, 2022 | $0.055 | OrdinaryDividend |
Jul 01, 2022 | $0.035 | OrdinaryDividend |
Jun 01, 2022 | $0.028 | OrdinaryDividend |
May 02, 2022 | $0.023 | OrdinaryDividend |
Apr 01, 2022 | $0.015 | OrdinaryDividend |
Mar 01, 2022 | $0.015 | OrdinaryDividend |
Feb 01, 2022 | $0.014 | OrdinaryDividend |
Dec 17, 2021 | $0.018 | OrdinaryDividend |
Dec 01, 2021 | $0.016 | OrdinaryDividend |
Nov 01, 2021 | $0.014 | OrdinaryDividend |
Oct 01, 2021 | $0.015 | OrdinaryDividend |
Sep 01, 2021 | $0.016 | OrdinaryDividend |
Aug 02, 2021 | $0.016 | OrdinaryDividend |
Jul 01, 2021 | $0.018 | OrdinaryDividend |
Jun 01, 2021 | $0.018 | OrdinaryDividend |
May 03, 2021 | $0.019 | OrdinaryDividend |
Apr 01, 2021 | $0.023 | OrdinaryDividend |
Mar 01, 2021 | $0.020 | OrdinaryDividend |
Feb 01, 2021 | $0.025 | OrdinaryDividend |
Dec 18, 2020 | $0.027 | OrdinaryDividend |
Dec 01, 2020 | $0.027 | OrdinaryDividend |
Nov 02, 2020 | $0.029 | OrdinaryDividend |
Oct 01, 2020 | $0.032 | OrdinaryDividend |
Sep 01, 2020 | $0.033 | OrdinaryDividend |
Aug 03, 2020 | $0.039 | OrdinaryDividend |
Jul 01, 2020 | $0.041 | OrdinaryDividend |
Jun 01, 2020 | $0.046 | OrdinaryDividend |
May 01, 2020 | $0.056 | OrdinaryDividend |
Apr 01, 2020 | $0.066 | OrdinaryDividend |
Mar 02, 2020 | $0.070 | OrdinaryDividend |
Feb 03, 2020 | $0.075 | OrdinaryDividend |
Dec 20, 2019 | $0.077 | OrdinaryDividend |
Dec 02, 2019 | $0.076 | OrdinaryDividend |
Nov 01, 2019 | $0.082 | OrdinaryDividend |
Oct 01, 2019 | $0.083 | OrdinaryDividend |
Sep 03, 2019 | $0.088 | OrdinaryDividend |
Aug 01, 2019 | $0.091 | OrdinaryDividend |
Jul 01, 2019 | $0.092 | OrdinaryDividend |
Jun 03, 2019 | $0.092 | OrdinaryDividend |
May 01, 2019 | $0.090 | OrdinaryDividend |
Apr 01, 2019 | $0.092 | OrdinaryDividend |
Mar 01, 2019 | $0.082 | OrdinaryDividend |
Feb 01, 2019 | $0.089 | OrdinaryDividend |
Dec 19, 2018 | $0.081 | OrdinaryDividend |
Dec 03, 2018 | $0.075 | OrdinaryDividend |
Nov 01, 2018 | $0.077 | OrdinaryDividend |
Oct 01, 2018 | $0.073 | OrdinaryDividend |
Sep 04, 2018 | $0.073 | OrdinaryDividend |
Aug 01, 2018 | $0.075 | OrdinaryDividend |
Jul 02, 2018 | $0.071 | OrdinaryDividend |
Jun 01, 2018 | $0.071 | OrdinaryDividend |
May 01, 2018 | $0.063 | OrdinaryDividend |
Apr 02, 2018 | $0.076 | OrdinaryDividend |
Mar 01, 2018 | $0.064 | OrdinaryDividend |
Feb 01, 2018 | $0.055 | OrdinaryDividend |
Dec 19, 2017 | $0.019 | OrdinaryDividend |
Dec 01, 2017 | $0.048 | OrdinaryDividend |
Nov 01, 2017 | $0.048 | OrdinaryDividend |
Oct 02, 2017 | $0.046 | OrdinaryDividend |
Sep 01, 2017 | $0.047 | OrdinaryDividend |
Aug 01, 2017 | $0.045 | OrdinaryDividend |
Jul 03, 2017 | $0.044 | OrdinaryDividend |
Jun 01, 2017 | $0.042 | OrdinaryDividend |
May 01, 2017 | $0.039 | OrdinaryDividend |
Apr 03, 2017 | $0.039 | OrdinaryDividend |
Mar 01, 2017 | $0.036 | OrdinaryDividend |
Feb 01, 2017 | $0.035 | OrdinaryDividend |
Dec 28, 2016 | $0.038 | OrdinaryDividend |
Dec 01, 2016 | $0.033 | OrdinaryDividend |
Nov 01, 2016 | $0.032 | OrdinaryDividend |
Oct 03, 2016 | $0.031 | OrdinaryDividend |
Sep 01, 2016 | $0.032 | OrdinaryDividend |
Aug 01, 2016 | $0.034 | OrdinaryDividend |
Jul 01, 2016 | $0.025 | OrdinaryDividend |
Jun 01, 2016 | $0.027 | OrdinaryDividend |
May 02, 2016 | $0.028 | OrdinaryDividend |
Apr 01, 2016 | $0.052 | OrdinaryDividend |
Mar 01, 2016 | $0.025 | OrdinaryDividend |
Feb 01, 2016 | $0.017 | OrdinaryDividend |
Dec 29, 2015 | $0.015 | OrdinaryDividend |
Dec 01, 2015 | $0.013 | OrdinaryDividend |
Nov 02, 2015 | $0.014 | OrdinaryDividend |
Oct 01, 2015 | $0.013 | OrdinaryDividend |
Sep 01, 2015 | $0.012 | OrdinaryDividend |
Aug 03, 2015 | $0.012 | OrdinaryDividend |
Jul 01, 2015 | $0.012 | OrdinaryDividend |
Jun 01, 2015 | $0.012 | OrdinaryDividend |
May 01, 2015 | $0.011 | OrdinaryDividend |
Apr 01, 2015 | $0.011 | OrdinaryDividend |
Mar 02, 2015 | $0.014 | OrdinaryDividend |
Feb 02, 2015 | $0.009 | OrdinaryDividend |
Dec 29, 2014 | $0.012 | OrdinaryDividend |
Dec 01, 2014 | $0.011 | OrdinaryDividend |
Nov 03, 2014 | $0.010 | OrdinaryDividend |
Oct 01, 2014 | $0.011 | OrdinaryDividend |
Sep 02, 2014 | $0.011 | OrdinaryDividend |
Aug 01, 2014 | $0.011 | OrdinaryDividend |
Jul 01, 2014 | $0.012 | OrdinaryDividend |
Jun 02, 2014 | $0.011 | OrdinaryDividend |
May 01, 2014 | $0.012 | OrdinaryDividend |
Apr 01, 2014 | $0.011 | OrdinaryDividend |
Mar 03, 2014 | $0.014 | OrdinaryDividend |
Feb 03, 2014 | $0.010 | OrdinaryDividend |
Dec 27, 2013 | $0.012 | OrdinaryDividend |
Dec 02, 2013 | $0.011 | OrdinaryDividend |
Nov 01, 2013 | $0.003 | OrdinaryDividend |
ULST - Fund Manager Analysis
Managers
James Palmieri
Start Date
Tenure
Tenure Rank
Feb 01, 2019
3.33
3.3%
James Palmieri, CFA, is a Managing Director of SSGA and the Adviser, a Senior Portfolio Manager, and Head of Structured Credit for the Fundamental Active Fixed Income Team. In his role, he is the lead portfolio manager and trader for the Structured Products Group servicing all total rate of return and insurance accounts managed in Stamford, CT. In addition to his portfolio management responsibilities, Mr. Palmieri is a member of the Fixed Income Currency and Cash Senior Leadership Team, and the Fundamental Active Core and Core Plus Fixed Income Team. He joined SSGA in 2016 through its acquisition of GE Asset Management. Prior to joining SSGA, Mr. Palmieri worked at GE Asset Management for eleven years as a senior portfolio manager and trader for all fixed income total rate of return and insurance accounts for GE. Prior to joining GE Asset Management, he worked at Constitution State Corporate Credit Union for one year as an investment director and CIGNA Investment Management for five years as a fixed income portfolio manager. He received his Bachelor of Science from Central Connecticut State University, is a Chartered Financial Analyst (CFA) charter holder and has twenty years of investment experience.
John Mele
Start Date
Tenure
Tenure Rank
Jun 12, 2019
2.97
3.0%
John Mele is a Vice President of SSGA and SSGA Funds Management Inc and a Senior Portfolio Manager on the Fundamental Active Investment Grade Credit Team. He is responsible for the investment grade credit allocation within several actively managed fixed income strategies. Mr. Mele joined SSGA in 2016 as part of the SSGA acquisition of GE Asset Management (GEAM). He also held roles in Private Equity and Finance while with GEAM. Prior to joining GEAM, Mr. Mele worked at Citigroup as a portfolio manager/research analyst in Citigroup’s Private Client Group. His responsibilities included managing discretionary equity and balanced portfolios for high net worth clients. Mr. Mele’s prior work experience also includes several years in investment management compliance and investment product development. Mr. Mele holds a Bachelor of Science in accounting from the University of Connecticut, a Juris Doctor from Quinnipiac University and a Master of Business Administration with specializations in Economics and Finance from New York University – Stern School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.52 | 7.92 |