SPDR® SSGA Apollo IG Public & Private Credit ETF PRIV

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$24.94
as of Mar 13 2025
Base Currency
USD
Assets Under Management
$54.86 M
as of Mar 13 2025
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.70%

Key Features

  • The SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) is an actively managed fund primarily allocating to investment grade debt securities, including both public and private credit instruments.
  • By actively allocating across a wide-range of investment-grade debt securities, PRIV seeks to maximize risk-adjusted returns alongside current income.
  • PRIV is managed by the SSGA Active Fixed Income Team, and the portfolio managers use a risk-aware, macroeconomic top-down approach, combined with bottom-up security selection, to construct a portfolio that seeks to overweight the most attractive sectors and issuers.
  • PRIV may invest in private credit instruments sourced by Apollo Global Securities LLC.

About this Benchmark

The Bloomberg U.S. Aggregate Bond Index (the "Index") is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's Financial Services, LLC, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Index is market capitalization weighted.

Fund Information as of Mar 16 2025

Benchmark Bloomberg US Aggregate Bond Index
Inception Date Feb 26 2025
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.70%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Active Fixed Income
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Mar 16 2025

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA Feb 27 2024 USD PRIV 78470P622 US78470P6227

Fund Characteristics as of Mar 13 2025

Number of Holdings 152
Average Coupon

Average Coupon

The market value weighted average coupon of the bonds in a portfolio.

4.76%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is the length of time during which the investor will receive interest payments on the investment. When the bond reaches maturity the principal is repaid.

7.91
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$92.70
Average Yield To Worst

Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

5.49%
Option Adjusted Duration

Option Adjusted Duration

Also known as effective duration which is a duration calculation that takes into account the effect of embedded options in bonds. An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. 

6.19 years
Option Adjusted Spread 121.03
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

5.56%

Index Characteristics as of Mar 13 2025

Number of Holdings 13,724
Average Coupon 3.54%
Average Maturity in Years 8.27
Average Price $91.99
Average Yield To Worst 4.66%
Option Adjusted Duration 5.90 years
Option Adjusted Spread 36.97
Yield to Maturity 4.68%

Fund Market Price as of Mar 13 2025

Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$24.96
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$24.95
Day High $24.95
Day Low $24.85
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

742
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0.09%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0.08%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

Number of Days Summary

Calendar Year 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

-
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

-

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Premium/Discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter. 

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Fund Net Cash Amount as of Mar 13 2025

Net Cash Amount $2,371,450.81

Fund Net Asset Value as of Mar 13 2025

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$24.94
Shares Outstanding 2.20 M
Assets Under Management $54.86 M

Top Holdings

Subject to change.

as of Mar 13 2025
as of Mar 13 2025

Fund Top Holdings as of Mar 13 2025

Name Market Value ISIN Weight
FEDERAL HOME LOAN MORTGAGE CORPORATION 2.5 05/01/2051 4,803,294.52 US3133KL2T37 8.76%
FEDERAL NATIONAL MORTGAGE ASSOCIATION 3 04/01/2052 4,492,480.89 US3140XK2K51 8.20%
SSI US GOV MONEY MARKET CLASS 2,707,963.42 - 4.94%
FEDERAL NATIONAL MORTGAGE ASSOCIATION 3 03/01/2052 1,582,737.46 US3140XGQ449 2.89%
TREASURY BOND (OTR) 4.625 02/15/2055 1,549,158.72 US912810UG12 2.83%
TREASURY NOTE (OTR) 4.625 02/15/2035 1,341,901.37 US91282CMM00 2.45%
06/06/2025 1,121,606.01 - 2.05%
FEDERAL NATIONAL MORTGAGE ASSOCIATION 3 03/01/2052 1,060,173.09 US3140XGAS89 1.93%
AP GRANGE HOLDINGS LLC 6.5 03/20/2045 1,014,986.11 - 1.85%
BANK_22-BNK41 3.9162 04/15/2065 926,992.02 US06540MBH79 1.69%
Download All Holdings: Daily

Index Top Holdings as of Mar 13 2025

Name ISIN Weight
UMBS 04/01/2051 - 1.63%
UMBS 04/01/2050 - 1.12%
UMBS 06/01/2051 - 0.87%
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 1 09/01/2050 - 0.58%
UMBS 12/01/2049 - 0.55%
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 1 06/01/2050 - 0.53%
TREASURY NOTE 05/15/2034 US91282CKQ32 0.42%
TREASURY NOTE (OLD) 11/15/2034 US91282CLW90 0.42%
TREASURY NOTE 02/15/2034 US91282CJZ59 0.41%
TREASURY NOTE 11/15/2033 US91282CJJ18 0.41%

Sector Allocation

as of Mar 13 2025
as of Mar 13 2025

Fund Sector Breakdown as of Mar 13 2025

Sector Weight
Industrial 33.34%
MBS Pass-Through 21.78%
Financial Institutions 12.57%
ABS 7.12%
CMBS 6.99%
Treasuries 6.93%
Utility 4.99%
STIF Funds 4.94%
CMO 2.78%
EUR/USD 2.05%
EUR/USD -2.06%
Other -1.43%

Index Sector Breakdown as of Mar 13 2025

Sector Weight
Treasuries 44.54%
MBS Pass-Through 24.72%
Industrial 13.68%
Financial Institutions 8.15%
Utility 2.27%
CMBS 1.50%
Supranational 1.30%
Agency 1.30%
Sovereign 1.03%
Local Authority 0.74%
ABS 0.46%
Other 0.31%

Quality Breakdown

as of Mar 13 2025
as of Mar 13 2025

Fund Quality Breakdown as of Mar 13 2025

Name Weight
Cash 3.49%
Aaa 3.33%
Aa 31.20%
A 16.92%
Baa 40.97%
Not Rated 3.72%
Other 0.36%

Index Quality Breakdown as of Mar 13 2025

Name Weight
Aaa 3.65%
Aa 72.57%
A 11.28%
Baa 12.09%
Ba 0.01%
Not Rated 0.38%
Other 0.02%

Maturity Ladder

as of Mar 13 2025
as of Mar 13 2025

Fund Maturity Ladder as of Mar 13 2025

Name Weight
0 - 1 Year 4.31%
1 - 2 Years 3.88%
2 - 3 Years 0.79%
3 - 5 Years 10.99%
Years 5 - 7 20.49%
Years 7 -10 52.61%
Years 10 - 15 3.65%
Years 20 - 30 2.91%
Years 30 + 0.29%
Other 0.08%

Index Maturity Ladder as of Mar 13 2025

Name Weight
0 - 1 Year 0.63%
1 - 2 Years 12.16%
2 - 3 Years 10.71%
3 - 5 Years 19.34%
Years 5 - 7 14.23%
Years 7 -10 24.41%
Years 10 - 15 2.67%
Years 15 - 20 5.51%
Years 20 - 30 9.58%
Years 30 + 0.76%

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions may apply.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Unless otherwise noted all information contained herein is that of the SPDR® SSGA Apollo IG Public & Private Credit ETF.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

Apollo is not a sponsor, distributor, promoter, or investment adviser to the Fund. Apollo has entered into a contractual agreement with the Fund whereby it is obligated to provide firm bids on asset-backed and corporate finance instruments sourced by Apollo (each an “AOS Investment”) to the Fund on a daily basis at certain intervals and is required to repurchase AOS Investments that the Fund has purchased at the firm bid price offered by Apollo, subject to, but not limited to, contractual levels designed to cover the estimated seven-day stress redemption rate as of the date hereof. The sale of AOS Investments to Apollo is not exclusive and the Fund may seek to sell AOS Investments to other counterparties.

"Bloomberg®" and Bloomberg US Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR® SSGA Apollo IG Public & Private Credit ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® SSGA Apollo IG Public & Private Credit ETF.