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SPDR Blackstone/GSO Senior Loan ETF Announces $0.2603 Monthly Distribution with 7.11% 30-Day SEC Yield
ByAinvest
Monday, Mar 3, 2025 11:57 am ET1min read
The SPDR Blackstone/GSO Senior Loan ETF has declared a monthly distribution of $0.2603. The 30-day SEC yield is 7.11% as of February 27. The payment will be made on March 6 for shareholders of record on March 3 and ex-dividend on March 3.
The SPDR Blackstone/GSO Senior Loan ETF (SRLN) recently announced a monthly distribution of $0.2603 for shareholders of record on March 3 [1]. With a 30-day SEC yield of 7.11% as of February 27 [1], this distribution represents an attractive yield for investors seeking current income in the fixed-income market.SRLN, managed by Blackstone Credit & Insurance, aims to provide current income consistent with the preservation of capital [1]. The ETF primarily invests in first lien senior secured floating rate bank loans, known as Senior Loans [1]. These loans are senior to all unsecured claims against the borrower and provide investors with priority access to repayment in the event of a bankruptcy [1].
As of January 31, 2025, SRLN had assets under management of $9,246.30 million and a gross expense ratio of 0.70% [1]. The ETF's investment strategy seeks to outperform two benchmark indices, the Markit iBoxx USD Liquid Leveraged Loan Index and the Morningstar LSTA U.S. Leveraged Loan 100 Index [1].
The Markit iBoxx USD Liquid Leveraged Loan Index consists of about 100 of the most liquid, tradable leveraged loans [1]. Meanwhile, the Morningstar LSTA U.S. Leveraged Loan 100 Index mirrors the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads, and interest payments [1].
SRLN's distribution history reflects its commitment to providing current income to investors. The ETF has a history of consistent monthly distributions, which can be found on its quarterly commentary and factsheet [1].
In conclusion, the SPDR Blackstone/GSO Senior Loan ETF's latest monthly distribution of $0.2603 and 30-day SEC yield of 7.11% make it an attractive option for investors seeking current income in the fixed-income market. With its focus on Senior Loans and experienced management team, SRLN aims to provide investors with a stable source of income while preserving capital.
References:
[1] SPDR Blackstone Senior Loan ETF. (n.d.). Retrieved February 28, 2023, from https://www.ssga.com/us/en/intermediary/etfs/spdr-blackstone-senior-loan-etf-srln
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