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Launched

State Street IG Public & Private ABS ETF

PRABNYSE ArcaC

$24.670.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

C48/ 100

Rank 4 of 11 in Multi-Sector Securitized Bond

C48/100Rank 4 of 11inMulti-Sector Securitized Bond
Intraday session: flat, 1 prints from 24.67 to 24.67. Range 24.67 to 24.67. Use the arrow keys to read each point.24.0025.5010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$25M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
69
Avg volume · 30D
0M sh
NAV per share
$24.57
52W range
low $24.67high $25.14
Launched

The ETF.net PRAB Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Multi-Sector Securitized Bond⁠
Rank
4 of 11
Six-pillar profile for PRAB. Scores out of 100: Cost 50, Risk 68, Mission not scored, Tradability 27, Holdings 45, Durability 47. Strongest: Risk (68). Weakest: Tradability (27). Based on 5 of 6 pillars.

Score 48 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.
    C50 out of 100
    Rank 5 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 2 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 8 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C45 out of 100
    Rank 8 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 8 of 11

Our read on PRAB

ETF.net Research

CAn active bond fund that shops both sides of the securitized market: publicly traded asset-backed bonds plus privately negotiated deals, inside a daily-traded ETF. State Street's push to put private credit in a 1940 Act wrapper.

Stated mandate

The fund is actively managed and primarily invests in investment-grade asset-backed securities, including public and private ABS, collateralized loan obligations, and residential and commercial mortgage-backed securities. It seeks to maximize risk-adjusted returns while providing current income.

Why people hold it

  1. 01Casts a wide net across securitized credit: public and private ABS, CLOs, and residential and commercial mortgage bonds, all investment grade.ssga.com
  2. 02Actively managed, not index-tracking. The mandate is risk-adjusted return plus current income, so the team can shift between collateral types.
  3. 03Costs 0.39% a year, a hair under the bond peer median and under active securitized rival SECU at 0.40%.
  4. 04Pays income quarterly from a compact book, on the order of 70 positions.

Worth knowing

  1. 01The private sleeve is the point and the trade-off: privately placed deals change hands less freely than public bonds and lean more on manager valuation.ssga.com
  2. 02A 2026 launch, so there is no long record showing how the strategy handles a credit squeeze.
  3. 03Still building an audience. Lighter volume in a fund this young tends to show up as wider bid/ask spreads.

PRAB Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
69
Top-10 weight
24%
Largest holding
State Street Instl Us Gov Class G3.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—State Street Instl Us Gov Class G3.13%0$760K3
002—Verus Securitization Trust VERUS_24-INV1 6.797 03/25/20693.10%0$753K2
003—Pk Alift Loan Funding Lp PKAIR_26-1 5.597 09/15/20432.78%0$676K2
004—Navient Student Loan Trust NAVSL_21-EA 0.97 12/16/20692.64%0$640K5
005—Gm Financial Consumer Automobile Receivables Trust GMCAR_24-1 4.86 06/18/20292.48%0$602K2
006—Porsche Financial Auto Securitization Trust PFAST_23-2 5.79 11/24/20312.07%0$503K1
007—Ford Credit Auto Owner Trust FORDO_23-A 5.07 01/15/20292.07%0$502K1
008—ACRES_25-FL3 6.92792 08/18/20402.07%0$502K3
009—Pagaya Ai Debt Grantor Trust PAID_26-R2 6.216 02/15/20342.07%0$502K3
010—Pfp Ltd PFP_25-12 5.37612 12/18/20422.06%0$502K1
011—Gm Financial Automobile Leasing Trust GMALT_24-3 4.22 10/20/20282.06%0$501K1
012—Oaktree Abf Equipment St Llc OAKEF_26-1 4.5 10/17/20332.06%0$500K9
013—Aqua Finance Trust AQFIT_26-A 6.28 04/17/20512.04%0$496K1
014—Rckt Mortgage Trust RCKT_25-CES7 6.174 07/25/20552.04%0$495K3
015—Rckt Mortgage Trust RCKT_25-CES8 5.64945 08/25/20552.02%0$492K1

Showing 1–15 of 69 holdings

PRAB Performance

Launched Mar 10, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PRAB$10,025
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. PRAB $10,025. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for PRAB. Periods over one year show the average yearly return.
PeriodPRAB
Year to dateFund launched this year—
1 month−0.1%
3 months+0.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PRAB
YearReturn barPRAB
2026 YTD+1.2%

History from Mar 11, 2026

PRAB in the news

Filtered to PRAB · Multi-Sector Securitized Bond

PRAB Dividends

Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 7 payments in 2026 YTD. Apr 1, 2026 $0.07; May 1, 2026 $0.10; Jun 1, 2026 $0.10; Jul 1, 2026 $0.10; Aug 3, 2026 $0.10; Sep 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.10
Sep 1, 2026Sep 4, 2026$0.11
Aug 3, 2026Aug 6, 2026$0.10
Jul 1, 2026Jul 7, 2026$0.10
Jun 1, 2026Jun 4, 2026$0.10
May 1, 2026May 6, 2026$0.10
Apr 1, 2026Apr 6, 2026$0.07

PRAB Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Mar 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Mar 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PRAB Cost

Expense ratio0.39%
  • The middle half of Multi-Sector Securitized Bond funds
  • Median 0.39%

4 of the 11 Multi-Sector Securitized Bond funds charge less.

PRAB costs $39.00 a year on $10,000. The median Multi-Sector Securitized Bond fund costs $39.00.

Other funds in Multi-Sector Securitized Bond

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