State Street Loomis Sayles Opportunistic Bond ETF
$24.72−0.01 (−0.02%)
- 0.55%
- $31M
- +1.2%
- 6.67%
- 0M sh
- $24.73
- low $24.63high $26.48
The ETF.net OBND Grade
C
Score 47 out of 100
- 57 of 85
Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D25 out of 100Rank 61 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 46 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 49 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 59 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 63 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 60 of 85
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
- 400
- 19%
- US Dollar
Sectors
- Financials96.5%
- Technology1.7%
- Real Estate1.1%
- Consumer Staples0.4%
- Health Care0.3%
- Consumer Discretionary0.0%
Geography
- United States87.54%
- Canada2.69%
- United Kingdom2.10%
- Luxembourg1.45%
- Netherlands1.40%
- Switzerland1.32%
- Australia1.18%
- Mexico0.94%
- 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.
Not enough history yet.
OBND$10,117
Returns run to the Oct 12, 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 | −0.3% |
| 1 month | −1.2% |
| 3 months | −1.8% |
| 1 year | +1.2% |
| 3 years | +6.5% |
| 5 years | +1.9% |
| 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 | −0.3% | |
| 2025 | +7.8% | |
| 2024 | +4.8% | |
| 2023 | +9.4% | |
| 2022 | −11.2% | |
| 2021 | 0.0% |
OBND in the news
OBND Dividends
- 6.67%
- $1.65
- $0.15 per share
- Monthly
Distribution history
OBND Risk
- 4.6%
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.
- 0.38
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
0.55%
OBND0.55%
- The middle half of US High Yield funds
- Median 0.43%
60 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- CAOHYAngel Oak High Yield Opportunities ETFExpense ratio 0.55%1 year return +3.7%
- CHYZDWisdomTree Interest Rate Hedged High Yield Bond FundExpense ratio 0.43%1 year return +6.3%
- CHYGHiShares Interest Rate Hedged High Yield Bond ETFExpense ratio 1.12%1 year return +6.8%
- CSIFIHarbor Ares Systematic Multi-Sector Income ETFExpense ratio 0.50%1 year return +1.7%
- CFLXNHorizon Flexible Income ETFExpense ratio 0.80%1 year return +5.6%