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SRLN
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SPDR Blackstone Senior Loan ETF (SRLN)

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$41.6
Last Close (24-hour delay)
Profit since last BUY3.77%
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BUY since 78 days
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Upturn Advisory Summary

08/29/2025: 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 18.48%
Avg. Invested days 122
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 08/29/2025

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

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ETF Overview

overview logo Overview

The SPDR Blackstone Senior Loan ETF (SRLN) seeks to generate current income by investing primarily in U.S. dollar-denominated senior loans. It focuses on floating-rate bank loans, aiming to provide exposure to the leveraged loan market.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is a reputable and established ETF provider with a long track record in the investment management industry.

reliability logo Management Expertise

SSGA has a team of experienced professionals managing various fixed-income strategies, including senior loan investments.

Investment Objective

overview logo Goal

The ETF aims to provide current income by investing in a portfolio of senior loans.

Investment Approach and Strategy

Strategy: SRLN does not track a specific index but utilizes an active management strategy within the senior loan market.

Composition The ETF holds primarily U.S. dollar-denominated senior loans (also known as leveraged loans or bank loans).

Market Position

Market Share: SRLN has a moderate market share within the senior loan ETF category.

Total Net Assets (AUM): 4739900000

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 moderately competitive. SRLN differentiates itself by leveraging Blackstone's credit expertise. Competitors such as BKLN are passively managed and have a lower expense ratio. FTSL has an actively managed approach too but smaller AUM.

Financial Performance

Historical Performance: Historical performance data is dependent on market conditions and is not static.

Benchmark Comparison: SRLN's performance is compared against the S&P/LSTA Leveraged Loan Index, however the fund is actively managed and can deviate.

Expense Ratio: 0.7

Liquidity

Average Trading Volume

The average trading volume is good enough to ensure easy entering and exiting of positions.

Bid-Ask Spread

The bid-ask spread is generally tight, indicating sufficient liquidity.

Market Dynamics

Market Environment Factors

Economic growth, interest rate policy, and credit spreads influence the performance of senior loans.

Growth Trajectory

The growth of SRLN is tied to investor demand for floating-rate investments and the outlook for leveraged loans. Changes in holdings and strategy are made at the discretion of the fund manager.

Moat and Competitive Advantages

Competitive Edge

SRLN's competitive advantage lies in its partnership with Blackstone, providing access to Blackstone's extensive credit research and deal sourcing capabilities. This collaboration allows for potentially better loan selection and risk management compared to passive strategies. The active management style aims to outperform the broader senior loan market. However, active management can also lead to underperformance relative to its benchmark.

Risk Analysis

Volatility

Senior loans are generally less volatile than equities but can experience volatility during periods of economic stress.

Market Risk

Risks include credit risk (borrower default), interest rate risk (although floating-rate), and liquidity risk (ability to sell loans).

Investor Profile

Ideal Investor Profile

The ideal investor is seeking current income, diversification in fixed income, and potential protection against rising interest rates.

Market Risk

SRLN is suitable for investors with a moderate risk tolerance who understand the nature of leveraged loans and are looking for income.

Summary

The SPDR Blackstone Senior Loan ETF (SRLN) offers exposure to U.S. dollar-denominated senior loans through an actively managed strategy. It aims to generate current income, benefiting from Blackstone's credit expertise. Key risks include credit risk and market volatility. It's suitable for income-seeking investors with moderate risk tolerance. The fund competes with other senior loan ETFs like BKLN and FTSL.

Peer Comparison

Sources and Disclaimers

Data Sources:

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

Disclaimers:

The data and analysis provided are for informational purposes only and do not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data is estimated.

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.