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SPDR Blackstone Senior Loan ETF (SRLN)



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Upturn Advisory Summary
07/03/2025: SRLN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
SPDR Blackstone Senior Loan ETF
ETF Overview
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.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long track record in the market.
Management Expertise
SSGA has a large and experienced team managing its ETFs, with significant expertise in fixed income and alternative investments.
Investment Objective
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.
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