OBNDState Street Loomis Sayles Opportunistic Bond ETF

Get income4y track recordRanked #1,057 of 1,622 in this goal

Seeks to maximize total return.

By State Street Investment Management · Launched 2021

Annual Cost

0.55%

#2,811 of 5,562 · average

Fund Size

$58M

#3,432 of 5,562 · mid-size

Dividend YieldGoal

6.25%

Track Record

4 years

#2,481 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,643+6.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 18.1% of fund✓ well diversified

State Street Blackstone Senior Loan ETF

4.6%

Invesco Senior Loan ETF

3.0%

State Street Global Advisors

2.7%

APPLIED MATERIALS INC

2.3%

BCC Middle Market CLO

1.8%

ROCHE HOLDINGS INC

0.8%

UNICREDIT SPA

0.8%

SWAP CCPC MORGAN STANLEY COC

0.8%

BNP PARIBAS

0.7%

HELMERICH & PAYNE INC

0.7%

Asset allocation

Bonds

93.1%

Cash

4.9%

Preferred

0.9%

Convertible

0.9%

Stocks

0.2%

Other

0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.5%Low

Year-on-year price swings

Max drawdown

-15.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.84Decent risk-adjusted returns

Sortino (3Y)

1.22Good downside protection

Bond profile

Duration

6.4 years

Avg maturity

10.2 years

Credit ratings

US Government

24.0%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to maximize total return.
Strategy: Actively manages a multi-asset credit strategy to capture credit risk premiums, investing primarily in debt obligations including U.S. government securities, high-yield bonds, and bank loans. Aims to outperform the State Street Loomis Sayles Opportunistic Bond Composite Index.
Inception date: September 27, 2021
Fund family: State Street Investment Management