State Street IG Public & Private Credit ETF
$24.23−0.20 (−0.84%)
- Expense ratio
- 0.55%
- Fund size
- $811M
- 1Y return
- +0.5%
- Yield · Last 12 months
- 4.65%
- Holdings
- 361
- Volume · 30D
- 0M sh
- NAV per share
- $24.43
- 52W range
The ETF.net PRIV Grade
Score 35 of 100 sits in the D 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.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on PRIV
DPrivate credit usually comes with lockups. PRIV puts investment-grade public and private credit inside an ETF you can trade any market day, run actively against the Agg since its 2025 launch.
PRIV is actively managed and invests primarily in investment-grade public and private credit. It seeks risk-adjusted returns and current income through macroeconomic allocation and bottom-up security selection.
Why people hold it
- Reaches into a corner of the bond market most ETFs skip: State Street's team buys investment-grade private credit alongside public bonds, in a wrapper that trades daily.ssga.com
- Fully active. Managers set the macro allocation and pick individual bonds against the Bloomberg U.S. Aggregate Bond Index rather than cloning it.
- Pays monthly and spreads the portfolio across roughly 400 positions, so no single borrower carries the fund.
Worth knowing
- 0.55% a year is above the 0.36% typical for core bond funds and a different world from 0.03% Agg trackers like AGG and SPAB. Sourcing private credit costs money.
- Launched in 2025, so the history is short and there is not much of a record to judge the private sleeve through a full credit cycle.
- Thinly traded next to the core bond giants. Spreads can be wider than the household names, which makes limit orders the sane default.
PRIV Holdings
- Bonds
- 361
- 30%
- TREASURY NOTE 4.625 02/15/2035
Geography
- United States100.00%
PRIV 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 | PRIV |
|---|---|
| Year to date | −0.9% |
| 1 month | −1.1% |
| 3 months | −1.5% |
| 1 year | +0.5% |
| 3 years | — |
| 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 | PRIV |
|---|---|---|
| 2026 YTD | −0.9% | |
| 2025 | +5.2% |
PRIV in the news
ETF.net Research hasn’t filed on PRIV yet — coverage lands here as it’s written.
PRIV Dividends
- 4.65%
- $1.14
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.10 |
| Aug 3, 2026 | Aug 6, 2026 | $0.10 |
| Jul 1, 2026 | Jul 7, 2026 | $0.09 |
| Jun 1, 2026 | Jun 4, 2026 | $0.10 |
| May 1, 2026 | May 6, 2026 | $0.10 |
| Apr 1, 2026 | Apr 6, 2026 | $0.09 |
| Mar 2, 2026 | Mar 5, 2026 | $0.08 |
| Feb 2, 2026 | Feb 5, 2026 | $0.09 |
| Dec 18, 2025 | Dec 23, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.10 |
| Nov 3, 2025 | Nov 6, 2025 | $0.09 |
| Oct 1, 2025 | Oct 6, 2025 | $0.09 |
PRIV Risk
- 3.1%
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.
- −0.13
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.
- −2.8%
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.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PRIV Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
93 of the 112 US Aggregate Bond funds charge less.