Symbols

STOT

State Street DoubleLine Short Duration Total Return Tactical ETF·CBOE

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Key Stats

Assets Under Management

335.20MUSD

Fund Flows (1Y)

152.97MUSD

Dividend Yield

4.51%

Discount/Premium to NAV

0.13%

Shares Outstanding

7.10M

Expense Ratio

0.45%

About State Street DoubleLine Short Duration Total Return Tactical ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-doubleline-short-duration-total-return-tactical-etf-stot

Inception Date

Apr 13, 2016

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

STOT is an actively managed fund that invests in short-term investment grade and high-yield debt, targeting a weighted average effective duration between one and three years. Managed by Jeffrey Gundlach's DoubleLine Capital, STOT has a broad mandate to achieve its duration target with a few self-imposed portfolio constraints. The fund holds a minimum of 25% allocation to mortgage-backed securities, a maximum of 20% in high yield corporate bonds, up to 15% allocation to bonds denominated in foreign currencies, and a 20% cap to emerging markets. STOT's state benchmark is more tightly constrained: USD-only, investment-grade only. The managers consider security selection within sectors, relative sector performance, yield curve shape, and interest rate moves.