State Street Loomis Sayles Opportunistic Bond ETF
$25.07−0.16 (−0.64%)
- Expense ratio
- 0.55%
- Fund size
- $32M
- 1Y return
- +2.1%
- Yield · Last 12 months
- 6.48%
- Holdings
- 417
- Volume · 30D
- 0M sh
- NAV per share
- $25.22
- 52W range
The ETF.net OBND Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 25Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 82Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
Our read on OBND
CLoomis Sayles' credit desk in an ETF wrapper. Rather than tracking the Agg, it roams across bond sectors hunting risk premiums, spreads the bet over roughly 400 holdings, and pays monthly. Active talent, active price tag.
OBND is an actively managed multi-asset credit strategy seeking risk premiums in markets with strong perceived risk-adjusted return potential over a full market cycle, using Loomis Sayles’ credit selection and risk-management process.
Why people hold it
- Go-anywhere credit mandate: Loomis Sayles selects across bond sectors seeking risk premiums with strong perceived risk-adjusted potential, instead of owning an index by weight.ssga.com
- Roughly 400 holdings, so no single issuer carries the portfolio, and distributions run on a monthly cadence.
- What's inside matches the label: the portfolio lines up closely with its stated multi-sector credit brief, with no structural surprises buried in the wrapper.
Worth knowing
- At 0.55% a year, it sits well above the typical aggregate-bond fund, and index heavyweights like BND and SPAB charge 0.03%. The manager's judgment is what you're paying for.
- Thinly traded next to the big index bond funds, which can mean wider bid-ask spreads and more slippage on chunky orders.
- Reaching for credit risk premiums means it can move differently from a Treasury-heavy core bond fund when spreads widen. Launched in 2021, its record covers a short stretch.
OBND Holdings
- Bonds
- 417
- 20%
- US Dollar
Sectors
- Financials94.0%
- Energy2.6%
- Technology1.6%
- Real Estate1.1%
- Cons. Staples0.4%
- Health Care0.2%
- Consumer Discr.0.0%
Geography
- United States87.95%
- United Kingdom2.11%
- Canada1.93%
- Australia1.58%
- Luxembourg1.42%
- Netherlands1.38%
- Switzerland1.30%
- Mexico0.95%
- 1.38%
OBND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OBND |
|---|---|
| Year to date | +1.1% |
| 1 month | +0.1% |
| 3 months | −0.4% |
| 1 year | +2.1% |
| 3 years | +6.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OBND |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +7.8% | |
| 2024 | +4.8% | |
| 2023 | +9.4% | |
| 2022 | −11.2% | |
| 2021 | +0.0% |
OBND in the news
ETF.net Research hasn’t filed on OBND yet — coverage lands here as it’s written.
OBND Dividends
- 6.48%
- $1.63
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.14 |
| Aug 3, 2026 | Aug 6, 2026 | $0.14 |
| Jul 1, 2026 | Jul 7, 2026 | $0.15 |
| Jun 1, 2026 | Jun 4, 2026 | $0.14 |
| May 1, 2026 | May 6, 2026 | $0.13 |
| Apr 1, 2026 | Apr 6, 2026 | $0.13 |
| Mar 2, 2026 | Mar 5, 2026 | $0.13 |
| Feb 2, 2026 | Feb 5, 2026 | $0.14 |
| Dec 18, 2025 | Dec 23, 2025 | $0.14 |
| Dec 1, 2025 | Dec 4, 2025 | $0.13 |
| Nov 3, 2025 | Nov 6, 2025 | $0.13 |
| Oct 1, 2025 | Oct 6, 2025 | $0.14 |
OBND Risk
- 4.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.43
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OBND Cost
- The middle half of US High Yield funds
- Median 0.43%
59 of the 84 US High Yield funds charge less.