Summary
SRLN Chart
The Hidden Cost of SRLN's Floating Rate Loans When Interest Rates Keep Falling
The SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) pays monthly, and that monthly check is the entire reason most investors own it.
SRLN: Credit Compression Offsets Floating-Rate Benefits (Maintaining Hold)
State Street SPDR Blackstone Senior Loan ETF remains rated Hold, as compressed credit spreads offset favorable short-duration interest rate dynamics. SRLN offers a ~6.5% SEC yield and active management, but high expense ratio (~0.70%) and single-B credit exposure limit risk-adjusted appeal. Recent credit spread compression reduces prospective returns and increases downside risk if spreads widen again, as seen in Q1's NAV decline.
Dividend Safety Check: Senior Loan Income with SRLN
The SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) pays a monthly distribution from interest on first-lien, floating-rate corporate loans, currently yielding around 6.5%.
SPDR Blackstone Senior Loan ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 74,963 | $3.1M | $3.02M | -$78,005.06 | -2.52% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 4,317 | $185,256.09 | $174,083.02 | -$11,173.07 | -6.03% |
| RG Rafael Guijarro City National Bank Of Florida /MSD | 127,637 | $5.26M | $5.15M | -$114,099.69 | -2.17% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 31,761 | $1.32M | $1.28M | -$37,669.73 | -2.86% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 97,721 | $4.07M | $3.94M | -$125,283.63 | -3.08% |
SPDR Blackstone Senior Loan ETF (SRLN) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has SPDR Blackstone Senior Loan ETF ever had a stock split?
SPDR Blackstone Senior Loan ETF Profile
| ARCA Exchange | US Country |
Overview
The fund aims to exceed the performance of both the Markit iBoxx USD Liquid Leveraged Loan Index and the Morningstar LSTA U.S. Leveraged Loan 100 Index. It intends to achieve this by primarily investing a minimum of 80% of its net assets, alongside any borrowings for investment purposes, in Senior Loans. These are defined specifically as first lien senior secured floating rate bank loans. Such investments target higher ranks within the borrower's capital structure, potentially offering greater security compared to other forms of debt. The fund's strategy focuses on leveraging the fluctuating interest rate environment to maximize returns for investors through investments in these floating rate instruments.
Products and Services
- Senior Loans Investment
The fund dedicates at least 80% of its financial resources, plus any additional borrowed funds, to investing in Senior Loans. Senior Loans, as defined within the fund's investment criteria, refer to first lien senior secured floating rate bank loans. These instruments are typically secured by specific assets or revenues of the borrowing company and are prioritized over other types of debt in terms of repayment during default scenarios. The focus on Senior Loans aims to exploit their floating interest rates, which can adjust in response to market changes, thereby providing a hedge against inflation and a potential for higher yields in rising rate environments.
