State Street Short Duration IG Public & Private Credit ETF
$24.70+0.02 (+0.08%)
- 0.45%
- $132M
- +2.4%
- 4.20%
- 0.1M sh
- $24.66
- low $24.47high $25.26
The ETF.net PRSD Grade
D
Score 26 out of 100
- 16 of 24
Score 26 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.F4 out of 100Rank 23 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 5 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 15 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D25 out of 100Rank 22 of 24Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 19 of 24
Our read on PRSD
DWall Street's public-private mashup on a short leash: an actively managed bond ETF that pairs investment-grade public debt with private credit while targeting a one- to three-year duration.
The fund is actively managed and invests primarily in investment-grade debt securities, including public and private credit. It seeks to maintain a one- to three-year duration.
Why people hold it
- Private credit normally lives behind institutional minimums and lock-ups. Here it sits inside a daily-traded ETF, alongside public investment-grade bonds.investors.statestreet.com
- The mandate targets a one- to three-year duration, which mechanically dials down interest-rate sensitivity compared with core bond funds reaching out a decade or more.ssga.com
- Active, but measurable: it runs against the Bloomberg US Aggregate 1-3 Year Bond Index and spreads risk across roughly 140 positions rather than a handful of bets.
Worth knowing
- 0.45% a year is more than double the typical investment-grade corporate bond ETF's 0.19%, and index staples like VCIT and IGSB charge roughly 0.03% to 0.04%. That gap is the toll for the private sleeve.
- The private holdings don't change hands on an exchange, so part of the portfolio is marked off arranged bids and models instead of continuous public quotes.ssga.com
- It launched in September 2025, so there's no multi-year record showing how the public-versus-private mix behaves across a full credit cycle.investors.statestreet.com
PRSD Holdings
- Bonds
- 161
- 52%
- Treasury Note 3.75 12/31/2028
Geography
- United States100.00%
PRSD 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.Not enough history yet.Not enough history yet.
PRSD$10,241
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 | PRSD |
|---|---|
| Year to date | +1.5% |
| 1 month | −0.2% |
| 3 months | +0.1% |
| 1 year | +2.4% |
| 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 | PRSD |
|---|---|---|
| 2026 YTD | +1.5% | |
| 2025 | +1.3% |
PRSD in the news
PRSD Dividends
- 4.20%
- $1.04
- $0.09 per share
- Monthly
Distribution history
PRSD Risk
- 1.6%
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.
- −0.96
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.
- −1.1%
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.
- 0.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PRSD Cost
0.45%
PRSD0.45%
- The middle half of Investment Grade Corporate (0-5 Year) funds
- Median 0.15%
21 of the 23 Investment Grade Corporate (0-5 Year) funds charge less.
Other funds in Investment Grade Corporate (0-5 Year)
- CCGSDCapital Group Short Duration Income ETFExpense ratio 0.25%1 year return +1.8%
- CPCSPGIM ETF Trust - PGIM Corporate Bond 0-5 Year ETFExpense ratio 0.20%1 year return +1.8%
- DFCSHFederated Hermes Short Duration Corporate ETFExpense ratio 0.40%1 year return +1.0%
- DCCSBCarbon Collective Short Duration Green Bond ETFExpense ratio 0.51%1 year return +0.5%
- FFSTBFidelity Short-Term Bond ETFExpense ratio 0.21%1 year return —