ETF Evaluator: State Street(R) SPDR(R)UIn90/10EdStIdETF () Follow This ETF

State Street(R) SPDR(R)UIn90/10EdStIdETF Overview

State Street(R) SPDR(R)UIn90/10EdStIdETF (UCBG) is a passively managed Allocation Aggressive Allocation exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2026.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index composed of underlying indices that track the performance of large capitalization exchange traded U.S. equity securities and short duration, U.S. investment grade corporate bonds. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the securities comprising the index it seeks to track.

About State Street(R) SPDR(R)UIn90/10EdStIdETF (UCBG)

There are 6 members of the management team with an average tenure of 0.16 years: Ted Janowsky (2026), Michael Brunell (2026), Seamus Quinn (2026), David Marchetti (2026), Michael Martel (2026) and Karl Schneider (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: UC Investments 90/10 EndwmntStrgy TR USD index with a weighting of 100%. State Street(R) SPDR(R)UIn90/10EdStIdETF has 868 securities in its portfolio. The top 10 holdings constitute 33.5% 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(R) SPDR(R)UIn90/10EdStIdETF is part of the Allocation global asset class and is within the Allocation ETF group. State Street(R) SPDR(R)UIn90/10EdStIdETF has 3.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.5% There is 0.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 9.8% (7.1% domestic bond, 2.7% foreign bond and 0.0% convertible bond). State Street(R) SPDR(R)UIn90/10EdStIdETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $724 million average for the Aggressive Allocation 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.

UCBG 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(R) SPDR(R)UIn90/10EdStIdETF expense ratio is low compared to funds in the Aggressive Allocation category. State Street(R) SPDR(R)UIn90/10EdStIdETF has an expense ratio of 0.06%, which is 93% lower than its category average, making the fund expense ratio grade a A. 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(R) SPDR(R)UIn90/10EdStIdETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 185% for the Aggressive Allocation category.

Recently, in the month of October 2026, State Street(R) SPDR(R)UIn90/10EdStIdETF returned -0.7%, which earned it a grade of B, as the Aggressive Allocation category had an average return of -1.5%. 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(R) SPDR(R)UIn90/10EdStIdETF has a trailing yield of 0.00%, which is below the 1.81% category average. The fund normally distributes its income quarterly 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.

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