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SPDR Loomis Sayles Opportunistic Bond ETF (OBND)

25.38
+0.17
+(0.68%)
At close: April 9 at 3:30:52 PM EDT

ETF Summary

The sub-adviser will invest at least 80% of the fund's net assets, directly, or indirectly through underlying ETFs, in debt obligations. The fund may also invest in hybrid securities that combine debt and equity characteristics, such as preferred securities, convertible preferred securities and contingent convertible securities. It may invest in debt obligations of any credit quality and may invest up to 100% of its net assets in debt instruments that are rated below investment grade or are unrated but determined by the sub-adviser to be of comparable quality. The fund is non-diversified.

ETF Overview

Category Nontraditional Bond
Fund Family SPDR State Street Global Advisors
Net Assets 46.48M
YTD Daily Total Return -0.39%
Yield 6.48%
Legal Type Exchange Traded Fund

ETF Operations

Attributes OBND Category Average
Annual Report Expense Ratio (net) 0.55% 1.32%
Holdings Turnover 77.00% 251.38%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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