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SRLN
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SPDR Blackstone Senior Loan ETF (SRLN)

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$41.46
Last Close (24-hour delay)
Profit since last BUY2.75%
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Consider higher Upturn Star rating
BUY since 38 days
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Upturn Advisory Summary

07/03/2025: SRLN (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 17.38%
Avg. Invested days 112
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

Key Highlights

Volume (30-day avg) -
Beta 0.25
52 Weeks Range 38.09 - 41.57
Updated Date 06/29/2025
52 Weeks Range 38.09 - 41.57
Updated Date 06/29/2025

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SPDR Blackstone Senior Loan ETF

stock logo

ETF Overview

overview logo Overview

The SPDR Blackstone Senior Loan ETF (SRLN) seeks to provide current income while offering exposure to senior loans, primarily focusing on leveraged loans issued by corporations. These loans typically offer floating interest rates, potentially providing a hedge against rising interest rates. The ETF's asset allocation is primarily focused on senior loans. The investment strategy involves passively tracking a market-weighted index of senior loans.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long track record in the market.

reliability logo Management Expertise

SSGA has a large and experienced team managing its ETFs, with significant expertise in fixed income and alternative investments.

Investment Objective

overview logo Goal

The primary investment goal of SRLN is to provide current income.

Investment Approach and Strategy

Strategy: SRLN aims to track the performance of the Morningstar LSTA US Leveraged Loan 100 Index.

Composition The ETF primarily holds senior loans, which are debt instruments issued by corporations. The loans are floating rate.

Market Position

Market Share: SRLN holds a notable market share within the senior loan ETF segment.

Total Net Assets (AUM): 4024000000

Competitors

overview logo Key Competitors

  • Invesco Senior Loan ETF (BKLN)
  • First Trust Senior Loan Fund (FTSL)
  • Janus Henderson B-BBB CLO ETF (JBBB)

Competitive Landscape

The senior loan ETF market is competitive, with SRLN and BKLN holding the majority of market share. SRLN's competitive edge lies in its relatively lower expense ratio and its partnership with Blackstone, providing access to their loan origination and management expertise. BKLN is its closest competitor due to similar investment objectives, while FTSL offers a slightly different strategy with potentially higher yields. JBBB focuses on CLOs which are also senior loans but a more specific type of asset that is collateralized.

Financial Performance

Historical Performance: Past performance is not indicative of future results. SRLN's performance is influenced by interest rate changes and credit spreads. Investors should review performance over different timeframes.

Benchmark Comparison: SRLN's performance should be compared to the Morningstar LSTA US Leveraged Loan 100 Index to assess its tracking effectiveness.

Expense Ratio: 0.7

Liquidity

Average Trading Volume

SRLN exhibits moderate liquidity, reflected by its average daily trading volume.

Bid-Ask Spread

SRLN generally maintains a relatively tight bid-ask spread, indicating efficient trading.

Market Dynamics

Market Environment Factors

Economic growth, interest rate policies, and credit market conditions significantly impact SRLN. Lower interest rates might negatively impact income.

Growth Trajectory

SRLN's growth depends on investor demand for floating-rate investments and the overall health of the leveraged loan market. There are no known changes to strategy or holdings.

Moat and Competitive Advantages

Competitive Edge

SRLN's competitive advantage stems from its established market presence, lower expense ratio compared to some competitors, and collaboration with Blackstone, a leading alternative asset manager. This partnership provides access to Blackstone's expertise in loan origination and credit analysis, enhancing the fund's ability to select and manage senior loan investments. Its market share and reputable issuer also contribute to its strong position. The fund offers exposure to a diversified portfolio of senior loans, potentially mitigating risk compared to individual loan investments.

Risk Analysis

Volatility

SRLN's volatility is influenced by the credit risk of the underlying loans and overall market sentiment. It can experience periods of higher volatility during economic downturns.

Market Risk

SRLN is subject to credit risk, interest rate risk, and liquidity risk. Senior loans carry credit risk as borrowers may default. While offering floating interest rates, there is still interest risk to be managed.

Investor Profile

Ideal Investor Profile

SRLN is suitable for income-seeking investors who are looking for exposure to floating-rate investments and a potential hedge against rising interest rates. Investors should understand the risks associated with leveraged loans.

Market Risk

SRLN is suitable for both long-term investors and active traders who understand leveraged loans, with a focus on current income.

Summary

The SPDR Blackstone Senior Loan ETF (SRLN) offers investors exposure to a diversified portfolio of senior loans, primarily focusing on leveraged loans. The ETF is managed by State Street Global Advisors (SSGA) and aims to track the Morningstar LSTA US Leveraged Loan 100 Index. The fund's collaboration with Blackstone gives it a competitive edge. SRLN is best suited for income-seeking investors looking for floating rate exposure, but they should be aware of the risks associated with the leveraged loan market.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • State Street Global Advisors (SSGA) website
  • ETF.com
  • Morningstar
  • Bloomberg
  • FactSet

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About SPDR Blackstone Senior Loan ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index and the Morningstar LSTA U.S. Leveraged Loan 100 Index by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, Senior Loans are first lien senior secured floating rate bank loans.