PRIV
SPDR SSGA IG Public & Private Credit ETF
📎 Investment Objective
The SPDR SSGA IG Public & Private Credit ETF (PRIV) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg U.S. Aggregate Bond Index, which measures the performance of the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market.
Overview
ETF tracking SPDR SSGA IG Public & Private Credit ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPDR SSGA IG Public & Private Credit ETF (PRIV) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg U.S. Aggregate Bond Index, which measures the performance of the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market.
🎯 Investment Strategy
The ETF invests in a diversified portfolio of investment-grade public and private fixed income securities, including U.S. government, corporate, and securitized bonds. The fund aims to replicate the performance of the benchmark index by holding a representative sample of the index constituents.
✨ Key Features
- Broad exposure to the U.S. investment-grade fixed income market
- Diversified portfolio of public and private credit securities
- Low-cost, passively managed index-tracking strategy
- Potential for stable income and capital preservation
⚠️ Primary Risks
- Interest rate risk: The fund's value may decline due to rising interest rates
- Credit risk: The fund is exposed to the risk of default or downgrade of the underlying bonds
- Liquidity risk: Some private credit securities may have lower liquidity compared to public bonds
- Tracking error risk: The fund may not perfectly track the performance of the benchmark index
👤 Best For
This ETF may be suitable for investors seeking broad exposure to the U.S. investment-grade fixed income market, with a focus on both public and private credit securities. It may be appropriate for investors with a medium-term investment horizon and a moderate risk tolerance, who are looking for a diversified fixed income allocation as part of a balanced portfolio.
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