OBND ETF — Holdings & Analysis

The State Street Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed fixed income ETF with $0.05 billion in assets under management.

With an expense ratio of 0.55%, OBND seeks to capture risk premiums through Loomis Sayles' credit selection and risk management process. OBND differentiates itself by investing across all fixed income sectors and credit qualities, including non-investment grade securities, while actively managing duration between zero and seven years. Past performance does not guarantee future results.

State Street Loomis Sayles Opportunistic Bond ETF (OBND) ETF — Price, Holdings & Analysis

The State Street Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed fixed income ETF with $0.05 billion in assets under management. With an expense ratio of 0.55%, OBND seeks to capture risk premiums through Loomis Sayles' credit selection and risk management process. OBND differentiates itself by investing across all fixed income sectors and credit qualities, including non-investment grade securities, while actively managing duration between zero and seven years. Past performance does not guarantee future results.

ETF Overview

The State Street Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed multi-asset credit strategy that seeks to capture risk premiums in markets it believes offer strong risk-adjusted return potential over a full market cycle due to Loomis Sayles' credit selection and risk management process The fund may invest in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments, as well as allocate 100% of the portfolio into non-investment grade rated securitiesThe fund can also invest across the entire maturity curve with the duration of the portfolio (target duration between zero to seven years) managed based on the interest rate views of Loomis Sayles

The State Street Loomis Sayles Opportunistic Bond ETF (OBND) is designed to provide investors with exposure to a multi-asset credit strategy. The fund aims to identify and capitalize on risk premiums in markets that Loomis Sayles believes offer strong risk-adjusted return potential. OBND's investment approach involves investing in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments. A significant portion of the portfolio can be allocated to non-investment grade rated securities. The fund also has the flexibility to invest across the entire maturity curve, with the portfolio's duration actively managed based on Loomis Sayles' interest rate views, targeting a duration between zero and seven years. The fund's current sector allocation is heavily weighted towards Financial Services at 98.5%, with smaller allocations to Energy (0.5%), Consumer Defensive (0.3%), Technology (0.3%), Communication Services (0.2%), and Healthcare (0.2%). The fund holds 451 different securities. Past performance does not guarantee future results.

Risk Metrics

OBND carries several risks inherent to its investment strategy. The fund's concentration in Financial Services (98.5%) exposes it to sector-specific risks. Its active management and focus on opportunistic investing may lead to higher portfolio turnover and increased trading costs. With a 3-year beta of 0.71, OBND demonstrates less volatility than the broader market. The fund's expense ratio of 0.55% can create a drag on performance, especially in a low-yield environment. The fund's investment in non-investment grade securities may increase credit risk. The fund's relatively small AUM of $0.05 billion may pose liquidity risks. Past performance does not guarantee future results.

Expense Ratio

0.55%

How Is the Fund Allocated?

Sector	Weight
Financial Services	98.5%
Energy	0.5%
Consumer Defensive	0.3%
Technology	0.3%
Communication Services	0.2%
Healthcare	0.2%
Cash & Others	0.0%

Country	Weight
United States	49.8%
Other	34.4%
United Kingdom	2.8%
Canada	2.1%
Australia	1.9%
France	1.4%
Switzerland	1.3%
Japan	1.2%
Netherlands	0.9%
Italy	0.7%

Dividend Yield

0.00%

JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
Day Hagan / Ned Davis Research Smart Sector Fixed Income ETF (SSFI) — 0.76% expense ratio
Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio
Brookstone Intermediate Bond ETF (BAMB) — 1.04% expense ratio

State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street SPDR S&P Biotech ETF (XBI) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 0.71

Questions & Answers

What is OBND and what does it track?

The State Street Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed fixed income ETF. It does not track a specific index.

Instead, it seeks to capture risk premiums in markets that Loomis Sayles believes offer strong risk-adjusted return potential. The fund invests in debt obligations of any credit quality across all fixed income sectors, including non-investment grade securities.

What is the expense ratio for OBND?

The expense ratio for OBND is 0.55%. This means that for every $10,000 invested in the fund, investors will pay $55 in annual fees.

While this is not extremely high, it is higher than some passively managed fixed income ETFs that track broad market indexes. Investors should consider the expense ratio when evaluating the overall cost of investing in OBND and compare it to similar actively managed fixed income ETFs.

What are the top holdings in OBND?

As an actively managed fund, OBND does not disclose its specific holdings daily. However, based on its investment strategy, it invests in a variety of debt obligations across different sectors and credit qualities.

The fund's sector allocation is heavily weighted towards Financial Services at 98.5%. The fund also has smaller allocations to Energy, Consumer Defensive, Technology, Communication Services, and Healthcare. The fund holds 451 different securities.

Is OBND a good long-term investment?

OBND's suitability as a long-term investment depends on an investor's individual circumstances and risk tolerance. The fund's active management and focus on opportunistic credit investing may provide the potential for higher returns, but it also carries additional risks.

Investors should consider the fund's expense ratio of 0.55%, its sector concentration in Financial Services, and its exposure to non-investment grade securities.

How does OBND compare to similar ETFs?

OBND competes with other actively managed fixed income ETFs that employ similar strategies. Compared to passively managed ETFs, OBND has a higher expense ratio of 0.55%. Its AUM of $0.05 billion is relatively small compared to some of its competitors.

Does OBND pay dividends?

According to the provided data, OBND has a dividend yield of 0.00%. This suggests that the fund is not currently distributing any dividends to its shareholders.

Investors seeking income from their investments may want to consider other fixed income ETFs that offer a higher dividend yield. However, it's important to note that dividend yields can fluctuate over time and are not guaranteed.