SRLN
State Street Blackstone Senior Loan ETF
📎 Investment Objective
The SPDR Blackstone Senior Loan ETF (SRLN) seeks to provide current income by investing in a diversified portfolio of senior secured floating-rate loans.
Overview
ETF tracking State Street Blackstone Senior Loan ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPDR Blackstone Senior Loan ETF (SRLN) seeks to provide current income by investing in a diversified portfolio of senior secured floating-rate loans.
🎯 Investment Strategy
The fund tracks the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index, which is designed to represent the performance of the largest facilities in the leveraged loan market. The portfolio primarily consists of senior secured, floating-rate loans made to non-investment grade corporate borrowers.
✨ Key Features
- Exposure to the senior secured floating-rate loan market
- Potential for higher income compared to traditional fixed-rate bonds
- Floating-rate structure aims to provide some protection against rising interest rates
- Diversified portfolio of loans to non-investment grade corporate borrowers
⚠️ Primary Risks
- Credit risk: The fund is exposed to the risk of default or deterioration in the credit quality of the underlying loans
- Interest rate risk: While the floating-rate structure provides some protection, the fund is still subject to interest rate fluctuations
- Liquidity risk: The loan market can be less liquid than other fixed-income markets, which may impact the fund's ability to sell positions
- Concentration risk: The fund's focus on the senior loan market means it may be more vulnerable to sector-specific events
👤 Best For
This ETF may be suitable for investors seeking current income and some protection against rising interest rates, as well as those with a higher risk tolerance who are comfortable with the credit and liquidity risks associated with the senior loan market.