PRSD

State Street Short Duration IG Public & Private Credit ETF

$25.10

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The State Street Short Duration IG Public & Private Credit ETF (PRSD) seeks to provide exposure to a diversified portfolio of short-term, investment-grade public and private credit securities.

Overview

ETF tracking State Street Short Duration IG Public & Private Credit ETF

Category Fixed Income

Issuer Other

Inception Date 2025-09-10

Market Cap $25.1M

Average Volume N/A

Dividend Yield 0.56%

52-Week Range $25.05 - $25.18

VWAP $25.09

Performance

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Investment Summary

📎 Investment Objective

The State Street Short Duration IG Public & Private Credit ETF (PRSD) seeks to provide exposure to a diversified portfolio of short-term, investment-grade public and private credit securities.

🎯 Investment Strategy

The ETF invests primarily in a mix of investment-grade corporate bonds, securitized debt, and other fixed-income instruments with short-term maturities. The fund aims to generate current income while maintaining a low-to-moderate level of interest rate risk.

✨ Key Features

Focuses on short-duration, investment-grade public and private credit securities
Seeks to provide current income with lower interest rate sensitivity compared to longer-duration bond funds
Diversified portfolio across various fixed-income sectors and issuers
Actively managed by an experienced fixed-income investment team

⚠️ Primary Risks

Credit risk: The fund is exposed to the risk of default or deterioration in the credit quality of the underlying bond issuers
Interest rate risk: While the fund has a short duration, it is still subject to the risk of rising interest rates, which can negatively impact bond prices
Liquidity risk: Some of the underlying securities may have lower trading volumes, which can affect the fund's ability to sell positions at desired prices
Sector concentration risk: The fund's performance may be more sensitive to developments in specific sectors of the fixed-income market

👤 Best For

This ETF may be suitable for investors seeking current income and lower interest rate risk compared to longer-duration bond funds. It may be particularly appropriate for those with a short-to-intermediate investment horizon and a moderate risk tolerance.