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Launched

State Street IG Public & Private ABS ETF

PRABNYSE ArcaSPDRC

$24.65−0.04 (−0.17%)

As of Nov 2, 2026, 3:31 PM ET

C42/ 100

Rank 7 of 11 in Multi-Sector Securitized Bond

C42/100Rank 7 of 11inMulti-Sector Securitized Bond
Intraday session: down, 67 prints from 24.69 to 24.65. Range 24.65 to 24.69. Use the arrow keys to read each point.24.6624.6724.6810 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$28M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
78
Avg volume · 30D
2.76K sh
52W range
low $24.54high $25.14
Launched

The ETF.net PRAB Grade

Based on 5 of 6 pillars

C

Score 42 out of 100

Category
Multi-Sector Securitized Bond⁠
Rank
7 of 11
Six-pillar profile for PRAB. Scores out of 100: Cost 50, Risk 48, Mission not scored, Tradability 17, Holdings 43, Durability 51. Strongest: Durability (51). Weakest: Tradability (17). Based on 5 of 6 pillars.

Score 42 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.
    C48 out of 100
    Rank 6 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F17 out of 100
    Rank 10 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 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.
    C51 out of 100
    Rank 7 of 11

Our read on PRAB

ETF.net Research

In short

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

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

Worth knowing

  • The 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
  • A 2026 launch, so there is no long record showing how the strategy handles a credit squeeze.
  • Still building an audience. Lighter volume in a fund this young tends to show up as wider bid/ask spreads.

PRAB Holdings

Holdings pillarC43 out of 100Rank 8 of 11 in Multi-Sector Securitized Bond
Asset class
Bonds
Holdings
78
Top-10 weight
24%
Largest holding
State Street Instl Us Gov Class G4.0%

Geography

  • United States94.82%
  • Cayman Islands5.18%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataState Street Instl Us Gov Class G4.05%0$1.14M3
2No dataVerus Securitization Trust VERUS_24-INV1 6.797 03/25/20692.69%0$755K2
3No dataRckt Mortgage Trust RCKT_24-CES2 6.765 04/25/20442.68%0$753K2
4No dataPk Alift Loan Funding Lp PKAIR_26-1 5.597 09/15/20432.39%0$672K2
5No dataNavient Student Loan Trust NAVSL_21-EA 0.97 12/16/20692.24%0$630K5
6No dataGm Financial Consumer Automobile Receivables Trust GMCAR_24-1 4.86 06/18/20292.14%0$601K2
7No dataHonda Auto Receivables Owner Trust HAROT_24-1 5.17 05/15/20302.02%0$568K1
8No dataHonda Auto Receivables Owner Trust HAROT_24-2 5.21 07/18/20301.79%0$503K1
9No dataFord Credit Auto Owner Trust FORDO_23-A 5.07 01/15/20291.79%0$502K1
10No dataPorsche Financial Auto Securitization Trust PFAST_23-2 5.79 11/24/20311.79%0$502K1
11No dataPagaya Ai Debt Grantor Trust PAID_26-R2 6.216 02/15/20341.78%0$501K3
12No dataACRES_25-FL3 7.01283 08/18/20401.78%0$501K3
13No dataGm Financial Automobile Leasing Trust GMALT_24-3 4.22 10/20/20281.78%0$500K1
14No dataPfp Ltd PFP_25-12 5.419 12/18/20421.78%0$500K1
15No dataHyundai Auto Lease Securitization Trust HALST_25-C 4.36 07/17/20281.78%0$499K3

Showing 1–15 of 78 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$10,066
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. PRAB $10,066. SPY $10,141. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month+0.5%
3 months+0.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+1.7%

History from Mar 11, 2026

PRAB in the news

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
Nov 2, 2026Pays Nov 5, 2026$0.11
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

Risk pillarC48 out of 100Rank 6 of 10 in Multi-Sector Securitized Bond
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.

FMP measures it over up to five years of monthly returns.

PRAB Cost

Compare PRAB and WDE

Overpaying vs WDE, cheapest in Multi-Sector Securitized Bond

$3,946

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PRAB 0.39%

    $7,898

  • WDE 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • PRAB 0.39%
  • WDE 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530PRAB $7,898WDE $3,952

Year by year

YearPRABWDEOverpaying
10$705$347$358
20$2,725$1,351$1,374
30$7,898$3,952$3,946

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