Actively managed ETF invests across the credit universe and
maturity curve seeking to diversify sources of income and maximize
risk-adjusted total return potential
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced the launch of
the SPDR Loomis Sayles Opportunistic Bond ETF (OBND). The fund
provides exposure to a mix of investment-grade, high-yield,
non-U.S. dollar denominated debt, leveraged loans and securitized
issuers. OBND, an actively managed fund sub-advised by Loomis
Sayles, was developed to help investors navigate ever-changing
global credit conditions.
“The low interest rate environment is driving demand for
non-traditional fixed income investments. OBND seeks to meet
investors’ needs for both yield and diversification while providing
the benefits of active risk management,” said Sue Thompson, head of
SPDR Americas Distribution at State Street Global Advisors.
The SPDR Loomis Sayles Opportunistic Bond ETF is actively
managed and seeks to capture risk premiums in markets that it
believes can offer strong risk-adjusted return potential over a
full market cycle, utilizing a multi-asset credit framework to gain
exposure to a mix of credit-focused asset classes and sectors
within a globally diverse investment universe. The portfolio
managers use a top-down credit cycle approach, supported by deep
fundamental research, and seek to generate returns at asset class,
sector and security levels.
OBND is managed by the Loomis Sayles Alpha Strategies team,
which currently oversees multi-asset investment strategies for
institutional and retail clients worldwide. The portfolio
management team includes Kevin Kearns, team leader and co-manager
of the team’s multi-asset credit and income strategies, custom
strategies and the Loomis Sayles Inflation Protected Securities
Fund; Andrea DiCenso, co-portfolio manager of the team’s credit
asset, world credit asset and emerging market debt blended total
return strategies; and Thomas Stolberg, co-portfolio manager of the
team’s credit asset strategies.
“As a team, we are passionate about combining what we believe is
best-in-class fundamental and advanced quantitative research with
leading edge technology in support of meeting our clients’ goals,”
said Kevin Kearns. “We are excited to join State Street Global
Advisors’ distinguished SPDR franchise with OBND, which is an
innovative solution for credit investors.”
For more information on the SPDR ETF suite, visit
www.ssga.com/etfs.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are sponsored
by affiliates of State Street Global Advisors. The funds provide
investors with the flexibility to select investments that are
aligned to their investment strategy. For more information, visit
www.ssga.com/etfs.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of active and
index strategies to create cost-effective solutions. As stewards,
we help portfolio companies see that what is fair for people and
sustainable for the planet can deliver long-term performance. And,
as pioneers in index, ETF, and ESG investing, we are always
inventing new ways to invest. As a result, we have become the
world’s fourth-largest asset manager* with US $3.90 trillion† under
our care.
*Pensions & Investments Research Center, as of 12/31/20.
†This figure is presented as of June 30, 2021 and includes
approximately $63.59 billion of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
About Loomis Sayles
Since 1926, Loomis, Sayles & Company has helped fulfill the
investment needs of institutional and mutual fund clients
worldwide. The firm’s performance-driven investors integrate deep
proprietary research and integrated risk analysis to make informed,
judicious decisions. Teams of portfolio managers, strategists,
research analysts and traders collaborate to assess market sectors
and identify investment opportunities wherever they may lie, within
traditional asset classes or among a range of alternative
investments. Loomis Sayles has the resources, foresight and the
flexibility to look far and wide for value in broad and narrow
markets in its commitment to deliver attractive sustainable returns
for clients. This rich tradition has earned Loomis Sayles the trust
and respect of clients worldwide, for whom it manages $357.7
billion* in assets (as of 30 June 2021).
Important Risk Disclosures
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns. The fund’s investments are subject to changes
in general economic conditions, general market fluctuations and the
risks inherent in investment in securities markets.
Bonds generally present less short-term risk and volatility than
stocks, but contain interest rate risk (as interest rates raise,
bond prices usually fall); issuer default risk; issuer credit risk;
liquidity risk; and inflation risk. These effects are usually
pronounced for longer-term securities. Any fixed income security
sold or redeemed prior to maturity may be subject to a substantial
gain or loss.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
The values of debt securities may increase or decrease as a
result of the following: market fluctuations, changes in interest
rates, actual or perceived inability or unwillingness of issuers,
guarantors or liquidity providers to make scheduled principal or
interest payments or illiquidity in debt securities markets; the
risk of low rates of return due to reinvestment of securities
during periods of falling interest rates or repayment by issuers
with higher coupon or interest rates; and/or the risk of low income
due to falling interest rates.
The fund is actively managed. The sub-adviser’s judgments about
the attractiveness, relative value, or potential appreciation of a
particular sector, security, commodity or investment strategy may
prove to be incorrect, and may cause the fund to incur losses.
There can be no assurance that the sub-adviser’s investment
techniques and decisions will produce the desired results.
Non-diversified funds that focus on a relatively small number of
securities tend to be more volatile than diversified funds and the
market as a whole.
This communication is not intended to be an investment
recommendation or investment advice and should not be relied upon
as such.
The trademarks and service marks referenced herein are the
property of their respective owners. Third party data providers
make no warranties or representations of any kind relating to the
accuracy, completeness or timeliness of the data and have no
liability for damages of any kind relating to the use of such
data.
Standard & Poor's®, S&P® and SPDR® are registered
trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
Distributor: State Street Global Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect wholly owned
subsidiary of State Street Corporation. References to State Street
may include State Street Corporation and its affiliates. Certain
State Street affiliates provide services and receive fees from the
SPDR ETFs.
SSGA Funds Management, Inc. has retained Loomis Sayles as the
investment sub-adviser to the fund. State Street Global Advisors
Funds Distributors, LLC is not affiliated with Loomis Sayles.
Before investing, consider the fund’s investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.ssga.com. Read it carefully.
Not FDIC Insured · No Bank Guarantee · May Lose Value
© 2021 State Street Corporation.
All Rights Reserved.
3719047.1.1.AM.RTL Exp. Date: 10/31/2022 MALR027816
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Deborah Heindel +1 617 662 9927 DHEINDEL@StateStreet.com
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