ETF Evaluator:
State Street®DoubleLine®ShrtDurTRTactETF ()
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(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) |
Risk
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Risk
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ETF Details
State Street®DoubleLine®ShrtDurTRTactETF Overview
State Street®DoubleLine®ShrtDurTRTactETF (STOT) is an actively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2016.
The investment seeks to maximize current income with a dollar-weighted average effective duration between one and three years.
Under normal circumstances, the fund will invest at least 80% of its net assets in a diversified portfolio of fixed income securities of any credit quality. 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; TIPS; municipal bonds (the fund may invest up to 20% of its portfolio in municipal bonds); asset-backed securities; etc.
About State Street®DoubleLine®ShrtDurTRTactETF (STOT)
There are 2 members of the management team with an average tenure of 10.30 years: Jeffrey Sherman (2016) and Jeffrey Gundlach (2016). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Aggregate 1-3 Yr TR USD index with a weighting of 100%. State Street®DoubleLine®ShrtDurTRTactETF has 581 securities in its portfolio. The top 10 holdings constitute 25.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street®DoubleLine®ShrtDurTRTactETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. State Street®DoubleLine®ShrtDurTRTactETF has 9.2% 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 97.5% (88.3% domestic bond, 9.2% foreign bond and 0.0% convertible bond). State Street®DoubleLine®ShrtDurTRTactETF has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $506 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.
STOT 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®DoubleLine®ShrtDurTRTactETF expense ratio is average compared to funds in the Short-Term Bond category. State Street®DoubleLine®ShrtDurTRTactETF 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®DoubleLine®ShrtDurTRTactETF has a portfolio turnover rate of 70%, which indicates that it holds its assets around / 0.0 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®DoubleLine®ShrtDurTRTactETF returned 0.1%, which earned it a grade of B, 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®DoubleLine®ShrtDurTRTactETF has a trailing yield of 4.43%, which is below the 4.54% category average.
The fund normally distributes its income monthly.
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®DoubleLine®ShrtDurTRTactETF Grades
Year to date, the ETF has returned 1.3%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 3.7% over the past year (grade of C), 5.0% over the past three years (grade of D) and 2.8% per year over the past five years (grade of B) and 2.4% per year over the past 10 years (grade of D).
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STOT 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 |
|
| STOT Return (NAV) | 0.1% | 0.5% | 3.7% | 5.0% | 2.8% | 2.4% |
| STOT Return (Price) | 0.0% | 0.5% | 3.7% | 5.1% | 2.8% | 2.4% |
| NAV +/- Price Return | 0.014% | -0.003% | 0.010% | -0.064% | -0.002% | -0.019% |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| STOT Grade (NAV) | B | B | C | D | B | D |
| +/- Category (NAV) | 0.1% | 0.1% | 0.1% | -0.2% | 0.5% | -0.1% |
| STOT Tax-Cost Ratio | na | na | 1.8% | 1.9% | 1.6% | 1.3% |
STOT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| STOT Return (NAV) | 1.3% | 5.6% | 5.3% | 6.3% | -3.8% | -0.1% | 2.6% | 4.4% | 1.2% | 1.6% | na |
| STOT Return (Price) | 1.3% | 5.6% | 5.3% | 6.4% | -3.8% | 0.3% | 2.4% | 4.4% | 0.9% | 1.7% | na |
| NAV +/- Price Ret | -0.010% | -0.008% | -0.009% | 0.009% | -0.010% | -4.679% | -0.083% | -1.1% | -18.7% | 5.4% | 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% |
| STOT Grade (NAV) | B | F | B | B | A | B | F | D | C | D | na |
| +/- Category | 0.3% | -0.7% | 0.2% | 0.4% | 1.5% | 0.4% | -1.7% | -1.1% | -0.1% | -0.1% | na |
| Risk Measures | |
| Beta: | 0.18 |
| R-Squared: | 80% |
| Standard Deviation: | 1.2% |
| Category Risk Index: | 0.52 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.10 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.4% |
| Total Assets: | $ 507 Mil |
| Share Class Assets: | $ 507 Mil |
| Turnover: | 70.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.3 years | |||
| Average Tenure: 10.3 years | |||
| Managers (Year): Sherman Jeffrey (2016), Gundlach Jeffrey (2016) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 581 |
| % in Top 10 Holdings: | 25.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 88.3% |
| Foreign Bond: | 9.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
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: | April 13, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.28% |
