Symbols

OBND

State Street Loomis Sayles Opportunistic Bond ETF·CBOE

--(--)

Key Stats

Assets Under Management

53.29MUSD

Fund Flows (1Y)

6.54MUSD

Dividend Yield

6.27%

Discount/Premium to NAV

0.28%

Shares Outstanding

2.05M

Expense Ratio

0.55%

About State Street Loomis Sayles Opportunistic Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-loomis-sayles-opportunistic-bond-etf-obnd

Inception Date

Sep 27, 2021

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)

OBND is actively managed to invest in a wide range of fixed income securities (or ETFs) including government bonds, US TIPS, corporate debt, securitized credit, structured notes, bank loans, and hybrid securities. The fund invests in any credit quality (without limit to below investment-grade) and allocates up to 60% in bank loans and up to 25% in securitized credit. At most 10% of the portfolio may be invested in non-USD-denominated bonds and any such debt obligation is hedged back to USD. To mitigate interest rate risk, OBND seeks to maintain a weighted average effective duration of 0 to7 years. The fund manager uses a risk-controlled approach and applies macroeconomic and sector analysis, coupled with quantitative models, to analyze the credit cycle and identify attractive opportunities. The fund may also use derivatives to generate income or hedge exposure.