SPDR Blackstone Senior Loan ETF

SRLN

Market cap $6.96B

Overview Fund Activity

41.55 USD

+0.02

0.05%

At close Updated Sep 12, 4:00 PM EDT

1 day

0.05%

5 days

0.17%

1 month

0.31%

3 months

0.8%

6 months

0.95%

Year to date

-0.48%

1 year

-0.17%

5 years

-7.73%

10 years

-13.98%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

24% more call options, than puts

Call options by funds: $1.46M | Put options by funds: $1.18M

15% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 55

7.45% more ownership

Funds ownership: 77.74% [Q1] → 85.19% (+7.45%) [Q2]

1% less funds holding

Funds holding: 515 [Q1] → 511 (-4) [Q2]

6% less capital invested

Capital invested by funds: $6.1B [Q1] → $5.75B (-$350M) [Q2]

8% less funds holding in top 10

Funds holding in top 10: 36 [Q1] → 33 (-3) [Q2]

16% less repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 208

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Financial journalist opinion

SRLN Provides An Appealing Approach To Leveraged Loans

SRLN offers an 8% yield via diversified senior secured floating-rate loans, but most holdings are below investment grade, adding a certain degree of credit risk. Income and performance are highly sensitive to Federal Reserve rate policy; rate cuts could reduce distributions and loan values. SRLN stands out for liquidity and scale among peers, but higher fees and long-term underperformance are notable drawbacks.

SRLN Provides An Appealing Approach To Leveraged Loans

I Like SRLN, The Economic Environment Much Less

SRLN, a senior secured floating rate loan ETF, offers high current income but faces challenges in the current economic environment, potentially leading to flat or negative returns. SRLN has lower costs, higher AUM, and competitive performance compared to peers, but narrowing credit spreads and rising default risks are concerning. Economic contraction and rising inflation suggest an uncertain outlook for interest rates, cuts will come, though perhaps with a delay.

I Like SRLN, The Economic Environment Much Less

Rush to De-Risk: Nervous Exodus From Structured Credit ETFs

Rising tariff turmoil has sparked a run from credit-sensitive instruments, with escalating trade tensions threatening economic stability. Wednesday's GDP print stoked recessionary fears when it showed the U.S. economy contracted for the first time since early 2022.

Rush to De-Risk: Nervous Exodus From Structured Credit ETFs

ETF Prime: Murphy Highlights ETF Flows Amid Market Turmoil

On this week's episode of ETF Prime, host Nate Geraci and VettaFi Investment Strategist Cinthia Murphy analyze ETF flows and trends after a wild week in the markets. Later, Geraci welcomes VistaShares CEO Adam Patti to discuss the firm's unique approach to ETFs.

ETF Prime: Murphy Highlights ETF Flows Amid Market Turmoil

Access to Bridgewater's Expertise Via ETFs

State Street Global Advisors, which launched the first U.S.-listed ETF more than 30 years ago, continues to innovate. Today it expanded its lineup to include a global multi-asset allocation ETF.

Access to Bridgewater's Expertise Via ETFs

ETF Flowdown: Off to the Races in 2025

One month into 2025, and ETFs are already off to the races, hauling in over $100 billion in net inflows in January. Hefty gains across the board reflect continued bullish sentiment on the stock market overall.

ETF Flowdown: Off to the Races in 2025

The ETF Flowdown: Wrapping Up 2024

Investors are closing the books on another eventful year — marked by record highs for the major stock market indices, record action in Treasury yields and record assets and flows into ETFs. 2024 was also marked by a much-debated pivot from the Federal Reserve, a dramatic Republican sweep in Washington, and plenty of geopolitical turmoil.

The ETF Flowdown: Wrapping Up 2024

SRLN: Senior Loan ETF, Good 8.7% TTM Yield, But Not A Buy Due To Fed Cuts

SRLN is an actively managed ETF focusing on senior secured variable rate loans from non-investment grade companies, with a diverse portfolio across sectors. Recent Fed cuts should cause the fund's dividend yield to decline, likely below those of high-yield corporate bonds. Cuts are a significant headwind for the fund, and a dealbreaker for me.

SRLN: Senior Loan ETF, Good 8.7% TTM Yield, But Not A Buy Due To Fed Cuts

End Of 2024 Trending Exchange-Traded Funds

I updated my universe of exchange-traded funds to track based on superior long-term performance. Nearly 450 ETFs are ranked based on short-term monthly returns, exponential moving average, and money flows into funds. With valuations and concentrations high, I select twenty trending ETFs Lipper Categories with less risk of correction in 2025 for further analysis.

End Of 2024 Trending Exchange-Traded Funds

More Money Market Substitutes Taking Shape

Investors have been married to their money market funds for the better part of the last two years. But a recent poll from VettaFi's Q4 Fixed Income Symposium in October showed more market participants may finally be willing to break out of their comfort zones and redeploy those funds into riskier assets.

More Money Market Substitutes Taking Shape

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