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Launched · SEC filings

State Street IG Public & Private Credit ETF

PRIVNYSE ArcaSPDRD

$24.32+0.02 (+0.10%)

As of Nov 2, 2026, 3:57 PM ET

D32/ 100

Rank 109 of 116 in US Aggregate Bond

D32/100Rank 109 of 116inUS Aggregate Bond
Intraday session: up, 79 prints from 24.30 to 24.32. Range 24.31 to 24.36. Use the arrow keys to read each point.24.3124.3424.3524.3610 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$809M
1Y total return
−0.2%
Yield · Last 12 months
4.66%
Holdings
359
Avg volume · 30D
33.6K sh
52W range
low $23.81high $25.79
Launched
Filings
SEC EDGAR

The ETF.net PRIV Grade

Based on 5 of 6 pillars

D

Score 32 out of 100

Category
US Aggregate Bond⁠
Rank
109 of 116
Six-pillar profile for PRIV. Scores out of 100: Cost 13, Risk 47, Mission not scored, Tradability 36, Holdings 52, Durability 53. Strongest: Durability (53). Weakest: Cost (13). Based on 5 of 6 pillars.

Score 32 of 100 falls in the D 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.
    F13 out of 100
    Rank 98 of 115

  • 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.
    C47 out of 100
    Rank 55 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 86 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 67 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 64 of 116

Our read on PRIV

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarC52 out of 100Rank 67 of 115 in US Aggregate Bond
Asset class
Bonds
Holdings
359
Top-10 weight
30%
Largest holding
Treasury Note 4.625 02/15/20355.4%

Sectors

  • Corporate38.6%
  • Securitized33.5%
  • Government27.9%

Geography

  • United States90.52%
  • Cayman Islands3.40%
  • Spain1.26%
  • Luxembourg1.09%
  • Hong Kong0.88%
  • United Kingdom0.70%
  • Italy0.61%
  • Canada0.59%
  • Other countries (4)0.94%
The fund’s holdings, weight-ordered — page 1 of 24.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataTreasury Note 4.625 02/15/20355.42%0$43.8M37
2No dataTreasury Bond 4.75 08/15/20554.98%0$40.2M33
3No dataTreasury Bond 4.625 02/15/20554.35%0$35.2M30
4No dataFederal National Mortgage Association 4.5 04/01/20552.75%0$22.2M2
5No dataFederal Home Loan Mortgage Corporation 5 12/01/20542.51%0$20.3M18
6No dataFederal Home Loan Mortgage Corporation 5.5 01/01/20552.50%0$20.2M1
7No dataFederal National Mortgage Association 5 09/01/20532.10%0$17M1
8No dataFederal National Mortgage Association 5 11/01/20541.99%0$16.1M8
9No dataEur/Usd 12/08/20261.95%0$15.8M1
10No dataAp Fides Holdings I Llc 6 11/30/20481.85%0$15M2
11No dataState Street Instl Us Gov Class G1.52%0$12.3M3
12No dataFederal National Mortgage Association 4.5 09/01/20551.51%0$12.2M1
13No dataAT&T Mobility Ii Llc 6.8 08/01/21741.47%0$11.9M1
14No dataFederal Home Loan Mortgage Corporation 5.5 12/01/20551.33%0$10.8M1
15No dataAp Kona Holdings Llc 6.375 05/28/20611.24%0$10M2

Showing 1–15 of 359 holdings

PRIV Performance

Launched Feb 26, 2025

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.
PRIV$9,980
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PRIV $9,980. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – 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 PRIV. Periods over one year show the average yearly return.
PeriodPRIV
Year to date−0.7%
1 month+1.9%
3 months−0.3%
1 year−0.2%
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 PRIV
YearReturn barPRIV
2026 YTD−0.7%
2025+5.2%

History from Feb 27, 2025

PRIV in the news

PRIV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.66%Last 12 months
Payout per share
$1.14Last 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 19 payments from 2025 to 2026 YTD. Apr 1, 2025 $0.09; May 1, 2025 $0.10; Jun 2, 2025 $0.08; Jul 1, 2025 $0.10; Aug 1, 2025 $0.11; Sep 2, 2025 $0.09; Oct 1, 2025 $0.09; Nov 3, 2025 $0.09; Dec 1, 2025 $0.10; Dec 18, 2025 $0.10; Feb 2, 2026 $0.09; Mar 2, 2026 $0.08; Apr 1, 2026 $0.09; May 1, 2026 $0.10; Jun 1, 2026 $0.10; Jul 1, 2026 $0.09; Aug 3, 2026 $0.10; Sep 1, 2026 $0.10; Oct 1, 2026 $0.10. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.10
Oct 1, 2026Oct 6, 2026$0.10
Sep 1, 2026Sep 4, 2026$0.10
Aug 3, 2026Aug 6, 2026$0.10
Jul 1, 2026Jul 7, 2026$0.09
Jun 1, 2026Jun 4, 2026$0.10
May 1, 2026May 6, 2026$0.10
Apr 1, 2026Apr 6, 2026$0.09
Mar 2, 2026Mar 5, 2026$0.08
Feb 2, 2026Feb 5, 2026$0.09
Dec 18, 2025Dec 23, 2025$0.10
Dec 1, 2025Dec 4, 2025$0.10

See all 20 payments⁠

$10,000 in PRIV 1 year ago paid $444 in dividends.⁠

PRIV Risk

Risk pillarC47 out of 100Rank 55 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
3.9%
Annualised · 20 months to Oct 2026
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.
−0.32
vs 3-month T-bills · 20 months to Oct 2026
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.
−4.4%
20 months · trough Oct 2026
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.
0.08
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.

PRIV Cost

Compare PRIV and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$10,904

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

  • PRIV 0.55%

    $10,904

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • PRIV 0.55%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PRIV $10,904BKAG $0

Year by year

YearPRIVBKAGOverpaying
10$988$0$988
20$3,790$0$3,790
30$10,904$0$10,904

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