PRABState Street IG Public & Private ABS ETF

Get incomeRanked #1,618 of 1,622 in this goal

Seeks to maximize risk-adjusted returns and provide current income.

Annual Cost

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#5,562 of 5,562 · expensive

Fund Size

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#5,562 of 5,562 · small

Dividend YieldGoal

—

Track Record

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#5,562 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$9,968-0.3%

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

How Beacon categorizes this fund

Asset class

Region

Strategy

Active selection

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-0.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Objective: Seeks to maximize risk-adjusted returns and provide current income.
Strategy: Invests primarily in investment grade asset-backed securities (ABS), including public and private ABS. The Fund may invest in various types of ABS, including those backed by vehicle sales, real estate leases, credit card receivables, and more. It may also invest in U.S. agency mortgage pass-through securities and other debt securities. The Adviser actively manages the Fund using a risk-aware approach, focusing on macroeconomic factors and rigorous fundamental research to construct a portfolio with high turnover. The Fund may also use derivatives to manage exposure.