SPDR SSGA Ultra Short Term Bond ETF
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
5.2%
3 Yr Avg Return
2.6%
5 Yr Avg Return
2.3%
Net Assets
$591 M
Holdings in Top 10
31.4%
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 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ULST - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.67%
- Dividend Yield 5.2%
- 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 | 1.3% | -1.5% | 3.1% | 83.33% |
1 Yr | 5.2% | -0.4% | 12.7% | 72.56% |
3 Yr | 2.6%* | -2.1% | 5.8% | 33.17% |
5 Yr | 2.3%* | -1.0% | 3.9% | 32.45% |
10 Yr | 1.8%* | -4.5% | 27.5% | 38.46% |
* Annualized
Return Ranking - Calendar
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.0% | -2.3% | 4.3% | 59.72% |
2022 | -0.8% | -6.5% | 0.5% | 25.84% |
2021 | -0.3% | -2.1% | 0.3% | 28.08% |
2020 | 0.1% | -3.1% | 1.8% | 67.53% |
2019 | 0.6% | -1.2% | 6.1% | 36.96% |
Total Return Ranking - Trailing
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -1.5% | 3.1% | 83.33% |
1 Yr | 5.2% | -0.4% | 12.7% | 72.56% |
3 Yr | 2.6%* | -2.1% | 5.8% | 33.17% |
5 Yr | 2.3%* | -1.0% | 3.9% | 32.45% |
10 Yr | 1.8%* | -4.5% | 27.5% | 38.46% |
* Annualized
Total Return Ranking - Calendar
Period | ULST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | 0.8% | 12.1% | 64.35% |
2022 | 0.9% | -5.1% | 2.5% | 18.18% |
2021 | 0.3% | -2.1% | 14.5% | 32.51% |
2020 | 1.4% | -1.0% | 3.6% | 60.31% |
2019 | 3.2% | 0.3% | 9.6% | 37.50% |
ULST - Holdings
Concentration Analysis
ULST | Category Low | Category High | ULST % Rank | |
---|---|---|---|---|
Net Assets | 591 M | 25.6 K | 22.6 B | 50.91% |
Number of Holdings | 168 | 2 | 1291 | 73.18% |
Net Assets in Top 10 | 181 M | 32.5 K | 17.3 B | 50.45% |
Weighting of Top 10 | 31.44% | 5.6% | 163.3% | 25.91% |
Top 10 Holdings
- United States Cash Management Bill - Reopening 6.91%
- State Street Institutional US Government Money Market Fund 6.74%
- United States Treasury Note/Bond 4.23%
- American Express Credit Account Master Trust 3.06%
- Parker-Hannifin Corp 1.89%
- Hyundai Auto Lease Securitization Trust 2023-A 1.73%
- Bank of America Corp 1.73%
- Mercedes-Benz Auto Lease Trust 2023-A 1.73%
- Take-Two Interactive Software Inc 1.72%
- US Bancorp 1.71%
Asset Allocation
Weighting | Return Low | Return High | ULST % Rank | |
---|---|---|---|---|
Bonds | 76.70% | 0.00% | 128.16% | 58.64% |
Cash | 14.55% | 0.00% | 109.89% | 25.00% |
Other | 8.75% | -29.59% | 99.92% | 45.00% |
Convertible Bonds | 4.82% | 0.00% | 15.25% | 30.14% |
Stocks | 0.00% | 0.00% | 97.29% | 94.55% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 93.18% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ULST % Rank | |
---|---|---|---|---|
Corporate | 52.49% | 0.00% | 99.91% | 22.37% |
Cash & Equivalents | 13.65% | 0.00% | 109.89% | 23.64% |
Securitized | 12.35% | 0.00% | 100.00% | 67.12% |
Government | 7.17% | 0.00% | 100.00% | 36.07% |
Derivative | 0.06% | -29.59% | 21.59% | 5.00% |
Municipal | 0.00% | 0.00% | 70.39% | 98.63% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ULST % Rank | |
---|---|---|---|---|
US | 76.70% | 0.00% | 128.16% | 54.09% |
Non US | 0.00% | 0.00% | 22.24% | 94.09% |
ULST - Expenses
Operational Fees
ULST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.20% | 0.02% | 28.11% | 90.83% |
Management Fee | 0.20% | 0.00% | 1.19% | 30.91% |
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% | 369.54% | 59.46% |
ULST - Distributions
Dividend Yield Analysis
ULST | Category Low | Category High | ULST % Rank | |
---|---|---|---|---|
Dividend Yield | 5.24% | 0.00% | 8.10% | 45.45% |
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% | 31.13% |
Capital Gain Distribution Analysis
ULST | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2024 | $0.176 | OrdinaryDividend |
Mar 07, 2024 | $0.167 | OrdinaryDividend |
Feb 07, 2024 | $0.167 | OrdinaryDividend |
Dec 22, 2023 | $0.183 | OrdinaryDividend |
Dec 07, 2023 | $0.165 | OrdinaryDividend |
Nov 07, 2023 | $0.160 | OrdinaryDividend |
Oct 06, 2023 | $0.159 | OrdinaryDividend |
Sep 08, 2023 | $0.162 | OrdinaryDividend |
Aug 07, 2023 | $0.155 | OrdinaryDividend |
Jul 10, 2023 | $0.146 | OrdinaryDividend |
Jun 07, 2023 | $0.145 | OrdinaryDividend |
May 05, 2023 | $0.139 | OrdinaryDividend |
Apr 10, 2023 | $0.130 | OrdinaryDividend |
Mar 07, 2023 | $0.126 | OrdinaryDividend |
Feb 07, 2023 | $0.125 | OrdinaryDividend |
Dec 23, 2022 | $0.126 | OrdinaryDividend |
Dec 07, 2022 | $0.108 | OrdinaryDividend |
Nov 07, 2022 | $0.094 | OrdinaryDividend |
Oct 07, 2022 | $0.081 | OrdinaryDividend |
Sep 08, 2022 | $0.088 | OrdinaryDividend |
Aug 05, 2022 | $0.055 | OrdinaryDividend |
Jul 08, 2022 | $0.035 | OrdinaryDividend |
Jun 07, 2022 | $0.028 | OrdinaryDividend |
May 06, 2022 | $0.023 | OrdinaryDividend |
Apr 07, 2022 | $0.015 | OrdinaryDividend |
Mar 07, 2022 | $0.015 | OrdinaryDividend |
Feb 07, 2022 | $0.014 | OrdinaryDividend |
Dec 23, 2021 | $0.018 | OrdinaryDividend |
Dec 07, 2021 | $0.016 | OrdinaryDividend |
Nov 05, 2021 | $0.014 | OrdinaryDividend |
Oct 07, 2021 | $0.015 | OrdinaryDividend |
Sep 08, 2021 | $0.016 | OrdinaryDividend |
Aug 06, 2021 | $0.016 | OrdinaryDividend |
Jul 08, 2021 | $0.018 | OrdinaryDividend |
Jun 07, 2021 | $0.018 | OrdinaryDividend |
May 07, 2021 | $0.019 | OrdinaryDividend |
Apr 08, 2021 | $0.023 | OrdinaryDividend |
Mar 05, 2021 | $0.020 | OrdinaryDividend |
Feb 05, 2021 | $0.025 | OrdinaryDividend |
Dec 24, 2020 | $0.027 | OrdinaryDividend |
Dec 07, 2020 | $0.027 | OrdinaryDividend |
Nov 06, 2020 | $0.029 | OrdinaryDividend |
Oct 07, 2020 | $0.032 | OrdinaryDividend |
Sep 08, 2020 | $0.033 | OrdinaryDividend |
Aug 07, 2020 | $0.039 | OrdinaryDividend |
Jul 07, 2020 | $0.041 | OrdinaryDividend |
Jun 05, 2020 | $0.046 | OrdinaryDividend |
May 07, 2020 | $0.056 | OrdinaryDividend |
Apr 07, 2020 | $0.066 | OrdinaryDividend |
Mar 06, 2020 | $0.070 | OrdinaryDividend |
Feb 07, 2020 | $0.075 | OrdinaryDividend |
Dec 27, 2019 | $0.078 | OrdinaryDividend |
Dec 06, 2019 | $0.076 | OrdinaryDividend |
Nov 07, 2019 | $0.082 | OrdinaryDividend |
Oct 07, 2019 | $0.083 | OrdinaryDividend |
Sep 09, 2019 | $0.088 | OrdinaryDividend |
Aug 07, 2019 | $0.091 | OrdinaryDividend |
Jul 08, 2019 | $0.092 | OrdinaryDividend |
Jun 07, 2019 | $0.092 | OrdinaryDividend |
May 07, 2019 | $0.091 | OrdinaryDividend |
Apr 05, 2019 | $0.092 | OrdinaryDividend |
Mar 07, 2019 | $0.082 | OrdinaryDividend |
Feb 07, 2019 | $0.089 | OrdinaryDividend |
Dec 26, 2018 | $0.081 | OrdinaryDividend |
Dec 07, 2018 | $0.076 | OrdinaryDividend |
Nov 07, 2018 | $0.077 | OrdinaryDividend |
Oct 05, 2018 | $0.074 | OrdinaryDividend |
Sep 10, 2018 | $0.073 | OrdinaryDividend |
Aug 07, 2018 | $0.075 | OrdinaryDividend |
Jul 09, 2018 | $0.071 | OrdinaryDividend |
Jun 07, 2018 | $0.071 | OrdinaryDividend |
May 07, 2018 | $0.063 | OrdinaryDividend |
Apr 06, 2018 | $0.076 | OrdinaryDividend |
Mar 07, 2018 | $0.064 | OrdinaryDividend |
Feb 07, 2018 | $0.055 | OrdinaryDividend |
Dec 28, 2017 | $0.019 | OrdinaryDividend |
Dec 11, 2017 | $0.048 | OrdinaryDividend |
Nov 09, 2017 | $0.048 | OrdinaryDividend |
Oct 10, 2017 | $0.046 | OrdinaryDividend |
Sep 12, 2017 | $0.047 | OrdinaryDividend |
Aug 09, 2017 | $0.045 | OrdinaryDividend |
Jul 12, 2017 | $0.044 | OrdinaryDividend |
Jun 09, 2017 | $0.042 | OrdinaryDividend |
May 09, 2017 | $0.039 | OrdinaryDividend |
Apr 11, 2017 | $0.039 | OrdinaryDividend |
Mar 09, 2017 | $0.036 | OrdinaryDividend |
Feb 09, 2017 | $0.035 | OrdinaryDividend |
Jan 06, 2017 | $0.038 | OrdinaryDividend |
Dec 09, 2016 | $0.033 | OrdinaryDividend |
Nov 09, 2016 | $0.032 | OrdinaryDividend |
Oct 11, 2016 | $0.031 | OrdinaryDividend |
Sep 12, 2016 | $0.032 | OrdinaryDividend |
Aug 09, 2016 | $0.034 | OrdinaryDividend |
Jul 12, 2016 | $0.025 | OrdinaryDividend |
Jun 09, 2016 | $0.027 | OrdinaryDividend |
May 10, 2016 | $0.028 | OrdinaryDividend |
Apr 11, 2016 | $0.052 | OrdinaryDividend |
Mar 09, 2016 | $0.025 | OrdinaryDividend |
Feb 09, 2016 | $0.017 | OrdinaryDividend |
Jan 07, 2016 | $0.015 | OrdinaryDividend |
Dec 09, 2015 | $0.013 | OrdinaryDividend |
Nov 10, 2015 | $0.014 | OrdinaryDividend |
Oct 09, 2015 | $0.013 | OrdinaryDividend |
Sep 10, 2015 | $0.012 | OrdinaryDividend |
Aug 11, 2015 | $0.012 | OrdinaryDividend |
Jul 10, 2015 | $0.012 | OrdinaryDividend |
Jun 09, 2015 | $0.012 | OrdinaryDividend |
May 11, 2015 | $0.011 | OrdinaryDividend |
Apr 10, 2015 | $0.011 | OrdinaryDividend |
Mar 10, 2015 | $0.014 | OrdinaryDividend |
Feb 10, 2015 | $0.009 | OrdinaryDividend |
Jan 07, 2015 | $0.012 | OrdinaryDividend |
Dec 09, 2014 | $0.011 | OrdinaryDividend |
Nov 12, 2014 | $0.010 | OrdinaryDividend |
Oct 09, 2014 | $0.011 | OrdinaryDividend |
Sep 10, 2014 | $0.011 | OrdinaryDividend |
Aug 11, 2014 | $0.011 | OrdinaryDividend |
Jul 10, 2014 | $0.012 | OrdinaryDividend |
Jun 10, 2014 | $0.011 | OrdinaryDividend |
May 09, 2014 | $0.012 | OrdinaryDividend |
Apr 09, 2014 | $0.011 | OrdinaryDividend |
Mar 11, 2014 | $0.014 | OrdinaryDividend |
Feb 11, 2014 | $0.010 | OrdinaryDividend |
Jan 07, 2014 | $0.012 | OrdinaryDividend |
Dec 10, 2013 | $0.011 | OrdinaryDividend |
Nov 12, 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 | 6.56 | 7.92 |