ETF Evaluator:
State Street Short Dur Ig Pub &PrvCrdETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Short-Term Bond Over the Last Year
| 6.6% | Overlay Shares Short Term Bond ETF (OVT) |
| 5.0% | AAM SLC Low Duration Income ETF (LODI) |
| 4.6% | SanJac Alpha Low Duration ETF (SJLD) |
| 4.5% | Performance Trust Short Term Bond ETF (STBF) |
| 4.4% | American Century® Short Dur Str Inc ETF (SDSI) |
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Risk
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ETF Details
State Street Short Dur Ig Pub &PrvCrdETF Overview
State Street Short Dur Ig Pub &PrvCrdETF (PRSD) is an actively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2025.
The investment seeks to maximize risk-adjusted return and provide current income.
Under normal circumstances, SSGA Funds Management, Inc. invests at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in a portfolio of investment grade debt securities, including a combination of (i) public credit related investments and (ii) private credit investments including, but not limited to, those sourced by Apollo Global Securities, LLC. The fund will provide shareholders with at least sixty (60) days' notice prior to any change in its 80% investment policy. The fund is non-diversified.
About State Street Short Dur Ig Pub &PrvCrdETF (PRSD)
There are 3 members of the management team with an average tenure of 0.89 years: James Palmieri (2025), Matthew Nest (2025) and Stella DeLucia (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
State Street Short Dur Ig Pub &PrvCrdETF has 136 securities in its portfolio. The top 10 holdings constitute 77.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street Short Dur Ig Pub &PrvCrdETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. State Street Short Dur Ig Pub &PrvCrdETF has 9.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.0% (82.2% domestic bond, 9.8% foreign bond and 1.1% convertible bond). State Street Short Dur Ig Pub &PrvCrdETF has 6.9% of the portfolio in cash.
Assets Under Management
The fund has $61 million in total assets, which is below the $3 billion average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PRSD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street Short Dur Ig Pub &PrvCrdETF expense ratio is average compared to funds in the Short-Term Bond category. State Street Short Dur Ig Pub &PrvCrdETF has an expense ratio of 0.45%, which is 60% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street Short Dur Ig Pub &PrvCrdETF has a portfolio turnover rate of 5%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 77% for the Short-Term Bond category.
Recently, in the month of July 2026, State Street Short Dur Ig Pub &PrvCrdETF returned 0.1%, which earned it a grade of A, as the Short-Term Bond category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
State Street Short Dur Ig Pub &PrvCrdETF has a trailing yield of 0.00%, which is below the 4.54% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
State Street Short Dur Ig Pub &PrvCrdETF Grades
Year to date, the ETF has returned 1.6%, 0.6 percentage points better than the category, which translates into a grade of A.
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PRSD Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PRSD Return (NAV) | 0.1% | 0.6% | na | na | na | na |
| PRSD Return (Price) | -0.1% | 0.4% | na | na | na | na |
| NAV +/- Price Return | 0.196% | 0.176% | na | na | na | na |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| PRSD Grade (NAV) | A | A | na | na | na | na |
| +/- Category (NAV) | 0.2% | 0.2% | na | na | na | na |
| PRSD Tax-Cost Ratio | na | na | na | na | na | na |
PRSD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRSD Return (NAV) | 1.6% | na | na | na | na | na | na | na | na | na | na |
| PRSD Return (Price) | 1.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.077% | na | na | na | na | na | na | na | na | na | na |
| Short-Term Bond Avg | 1.0% | 6.3% | 5.1% | 6.0% | -5.3% | -0.4% | 4.4% | 5.6% | 1.2% | 1.7% | 2.4% |
| PRSD Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.6% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 61 Mil |
| Share Class Assets: | $ 61 Mil |
| Turnover: | 5.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Palmieri James (2025), Nest Matthew (2025), DeLucia Stella (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 136 |
| % in Top 10 Holdings: | 77.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 9.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 82.2% |
| Foreign Bond: | 9.8% |
| Convertible Bond: | 1.1% |
| Other: | 0.0% |
| Cash: | 6.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | September 9, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.28% |
