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SPDR DoubleLine Short Duration Total Return Tactical ETF

Active ETF
STOT
Payout Change
Pending
Price as of:
$47.13 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
STOT (ETF)

SPDR DoubleLine Short Duration Total Return Tactical ETF

Payout Change
Pending
Price as of:
$47.13 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
STOT (ETF)

SPDR DoubleLine Short Duration Total Return Tactical ETF

Payout Change
Pending
Price as of:
$47.13 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration

Name

As of 11/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR DoubleLine Short Duration Total Return Tactical ETF

STOT | Active ETF

$47.13

$171 M

4.83%

$2.27

0.45%

Vitals

YTD Return

4.9%

1 yr return

6.4%

3 Yr Avg Return

2.5%

5 Yr Avg Return

2.0%

Net Assets

$171 M

Holdings in Top 10

34.8%

52 WEEK LOW AND HIGH

$47.1
$46.52
$47.52

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR DoubleLine Short Duration Total Return Tactical ETF

STOT | Active ETF

$47.13

$171 M

4.83%

$2.27

0.45%

STOT - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR DoubleLine Short Duration Total Return Tactical ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Apr 13, 2016
  • Shares Outstanding
    2875000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Gundlach

Fund Description

Under normal circumstances, DoubleLine Capital LP (the “Sub-Adviser” or “DoubleLine”) will invest at least 80% of the Fund's net assets (plus the amount of borrowings for investment purposes) in a diversified portfolio of fixed income securities of any credit quality (subject to certain limits described below). The Fund will provide shareholders with at least 60 days' notice prior to any change in this 80% investment policy. Fixed income securities in which the Fund principally invests are defined as securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or sponsored corporations; inflation protected public obligations of the U.S. Treasury (“TIPS”); securities issued or guaranteed by state or local governments or their agencies or instrumentalities (commonly known as municipal bonds) (the Fund may invest up to 20% of its portfolio in municipal bonds); asset-backed securities (“ABS”) (which include the following: agency and non-agency residential mortgage-backed securities (“RMBS”), agency and non-agency commercial mortgage-backed securities (“CMBS”), and any other agency and non-agency asset-backed securities (“NAABS”)); collateralized debt obligations (“CDOs”); collateralized loan obligations (“CLOs”); collateralized bond obligations (“CBOs”); collateralized mortgage obligations (“CMOs”); and Real Estate Mortgage Investment Conduits (“REMICs”) and Re-REMICs (which are REMICs that have been resecuritized); stripped securities (i.e., interest rate only and principal only securities); zero coupon securities; foreign (including emerging markets) and domestic corporate bonds; sovereign debt; bank loans; preferred securities; and exchange-traded products, including exchange-traded funds and exchange-traded notes, that invest in fixed income securities. To the extent applicable, debt instruments that comprise fixed income securities may be either fixed rate securities, floating rate securities, or variable rate securities. The Fund may also invest in cash and other short-term instruments, as well as restricted securities.The Fund intends to invest at least 25% of its net assets, in the aggregate, in mortgage-backed securities of any maturity or type guaranteed by, or secured by collateral that is guaranteed by, the U.S. government, its agencies, instrumentalities or sponsored corporations, and privately issued mortgage-backed securities. The Fund may invest a substantial portion of its assets in U.S. agency mortgage pass-through securities. The term “U.S. agency mortgage pass-through security” refers to a category of pass-through securities backed by pools of mortgages and issued by one of several U.S. Government-sponsored enterprises: Ginnie Mae, Fannie Mae or Freddie Mac. The Fund may seek to obtain exposure to U.S. agency mortgage pass-through securities through the use of “to-be-announced” or “TBA Transactions.”“TBA” refers to a commonly used mechanism for the forward settlement of U.S. agency mortgage pass-through securities, and not to a separate type of mortgage-backed security. Transactions in mortgage pass-through securities may occur through the use of TBA Transactions. TBA Transactions generally are conducted in accordance with widely-accepted guidelines which establish commonly observed terms and conditions for execution, settlement and delivery. In a TBA Transaction, the buyer and seller decide on general trade parameters, such as agency, settlement date, par amount, and price. The actual pools delivered generally are determined prior to settlement date. The Fund may settle a TBA Transaction on the settlement date by paying for and accepting actual receipt or delivery of the pools. The Fund may also sell its obligation to purchase the pools prior to the settlement date and enter into a new TBA Transaction for future delivery of pools of mortgage pass-through securities, sometimes referred to as a “TBA roll.”The Fund may invest up to 20% of its net assets in corporate high yield securities (commonly known as “junk” bonds). Under normal circumstances, the combined total of corporate, sovereign, non-agency and all other debt rated below investment-grade will not exceed 40% of the Fund's net assets. Below investment-grade securities are instruments that are rated BB+ or lower by S&P or Fitch Inc. or Ba1 or lower by Moody's or equivalent ratings by another registered NRSRO or, if unrated by an NRSRO, of comparable quality in the opinion of the Sub-Adviser. The Sub-Adviser strives to allocate securities broadly by industry and issuer in an attempt to reduce the impact of negative events on an industry or issuer.The Fund may invest up to 15% of its net assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 20% of its net assets in securities and instruments that are economically tied to emerging market countries. The Fund generally considers an issuer to be economically tied to an emerging market country if: (i) the issuer is organized under the laws of an emerging country; (ii) the issuer's securities are traded principally in an emerging country; or (iii) during the issuer's most recent fiscal year it derived at least 50% of its revenues, earnings before interest, taxes, depreciation, and amortization, or profits from goods produced or sold by, investments made in, or services performed in emerging countries, or it had at least 50% of its assets in emerging countries.The Sub-Adviser monitors the duration of the securities held by the Fund to seek to mitigate exposure to interest rate risk. Under normal circumstances, the Sub-Adviser seeks to maintain an investment portfolio with a weighted average effective duration between 1 and 3 years. The duration of the portfolio may vary materially from its target, from time to time. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates.The Sub-Adviser actively manages the Fund's asset class exposure using a top-down approach based on analysis of sector fundamentals and rotates Fund assets among sectors in various markets to attempt to maximize return. Individual securities within asset classes are selected using a bottom-up approach. Under normal circumstances, the Sub-Adviser uses a controlled risk approach in managing the Fund's investments. The techniques of this approach attempt to control the principal risk components of the fixed income markets and include consideration of:• security selection within a given sector;• relative performance of the various market sectors;• the shape of the yield curve; and• fluctuations in the overall level of interest rates.
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STOT - Performance

Return Ranking - Trailing

Period STOT Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.0% 18.6% 28.41%
1 Yr 6.4% 2.3% 21.1% 53.55%
3 Yr 2.5%* -5.4% 5.7% 10.53%
5 Yr 2.0%* -4.0% 5.7% 34.16%
10 Yr N/A* -18.8% 170.4% 8.20%

* Annualized

Return Ranking - Calendar

Period STOT Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -1.6% 7.6% 57.12%
2022 -6.1% -17.7% -2.6% 27.20%
2021 -1.5% -4.0% 4.4% 36.82%
2020 0.7% -7.1% 7.6% 86.21%
2019 1.7% -2.3% 9.3% 65.96%

Total Return Ranking - Trailing

Period STOT Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.0% 18.6% 28.41%
1 Yr 6.4% 2.3% 21.1% 53.55%
3 Yr 2.5%* -5.4% 5.7% 10.53%
5 Yr 2.0%* -4.0% 5.7% 34.16%
10 Yr N/A* -18.8% 170.4% N/A

* Annualized

Total Return Ranking - Calendar

Period STOT Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% 1.8% 15.2% 26.92%
2022 -3.8% -17.3% -1.3% 22.11%
2021 0.3% -2.7% 7.7% 37.02%
2020 2.4% -2.4% 14.5% 93.83%
2019 4.4% 0.6% 12.6% 59.57%

STOT - Holdings

Concentration Analysis

STOT Category Low Category High STOT % Rank
Net Assets 171 M 14.5 K 57.3 B 85.44%
Number of Holdings 337 2 8314 62.07%
Net Assets in Top 10 51.4 M 1.05 M 6.81 B 83.33%
Weighting of Top 10 34.78% 2.0% 108.1% 22.22%

Top 10 Holdings

  1. U.S. Treasury Notes 11.79%
  2. U.S. Treasury Notes 7.50%
  3. U.S. Treasury Notes 4.14%
  4. State Street Institutional US Government Money Market Fund 3.39%
  5. Citigroup Mortgage Loan Trust 2007-AR8 1.55%
  6. Regatta XXIII Funding Ltd 1.53%
  7. Luminent Mortgage Trust 2007-1 1.45%
  8. Marble Point CLO XXI Ltd 1.35%
  9. Freddie Mac STACR REMIC Trust 2024-HQA1 1.05%
  10. Anchorage Capital CLO 19 Ltd 1.01%

Asset Allocation

Weighting Return Low Return High STOT % Rank
Bonds 		87.19% 0.00% 129.40% 51.72%
Other 		8.70% -0.97% 71.57% 50.00%
Cash 		4.11% -20.59% 68.64% 34.29%
Convertible Bonds 		0.75% 0.00% 27.71% 86.95%
Stocks 		0.00% 0.00% 99.96% 94.25%
Preferred Stocks 		0.00% 0.00% 24.12% 95.59%

Bond Sector Breakdown

Weighting Return Low Return High STOT % Rank
Securitized 		50.42% 0.00% 97.27% 9.02%
Corporate 		22.01% 0.00% 99.82% 76.78%
Cash & Equivalents 		3.40% 0.00% 68.64% 34.29%
Government 		2.36% 0.00% 73.63% 87.72%
Derivative 		0.00% -0.44% 25.70% 74.52%
Municipal 		0.00% 0.00% 14.41% 96.55%

Bond Geographic Breakdown

Weighting Return Low Return High STOT % Rank
US 		87.19% 0.00% 126.86% 47.51%
Non US 		0.00% 0.00% 82.20% 93.49%

STOT - Expenses

Operational Fees

STOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 3.29% 74.62%
Management Fee 0.45% 0.00% 1.19% 82.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

STOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

STOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

STOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 2.00% 500.00% 37.23%

STOT - Distributions

Dividend Yield Analysis

STOT Category Low Category High STOT % Rank
Dividend Yield 4.83% 0.00% 11.11% 9.77%

Dividend Distribution Analysis

STOT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

STOT Category Low Category High STOT % Rank
Net Income Ratio 1.36% -1.27% 4.98% 37.62%

Capital Gain Distribution Analysis

STOT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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STOT - Fund Manager Analysis

Managers

Jeffrey Gundlach

Start Date

Tenure

Tenure Rank

Apr 13, 2016

6.13

6.1%

Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.

Jeffrey Sherman

Start Date

Tenure

Tenure Rank

Apr 13, 2016

6.13

6.1%

As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. He is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. Prior to joining DoubleLine in 2009, he was a Senior Vice President at TCW where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41

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