State Street SPDR S&P Leveraged Loan ETF

LVLN

Market cap $44.4M

The ETF industry has been in a state of high caffeine intake for many years, launching hundreds of new funds each year across every conceivable strategy. The latest entrant hails from State Street Investment Management, which unveiled another new leveraged loans ETF, as it expands its enormous fixed-income roster.

The ETF industry continues to grow, with new funds arriving all the time. Each year, hundreds of ETFs arrive on the scene, from covered call ETFs to active bond ETFs and everything in between.

BOSTON--(BUSINESS WIRE)--State Street Investment Management announced today the launch of the State Street® SPDR® S&P® Leveraged Loan ETF (LVLN). Designed to offer investors broad, index-based exposure to the investable leveraged loan universe, LVLN's gross expense ratio is 0.40%*, which makes the fund the lowest-cost leveraged loan ETF available in the U.S.1 “Investors seeking to add income and diversification to their fixed income portfolios continue to turn to leveraged loans, which have.