State Street Blackstone Senior Loan ETF
$40.15−0.04 (−0.10%)
- 0.70%
- $5.4B
- +5.3%
- 7.32%
- 1.9M sh
- $40.22
- low $39.39high $41.57
The ETF.net SRLN Grade
C
Score 50 out of 100
- 6 of 11
Score 50 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.D26 out of 100Rank 8 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.B60 out of 100Rank 3 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 8 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 2 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 8 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A89 out of 100Rank 1 of 11
Our read on SRLN
CMost bond funds buy fixed coupons. This one buys senior loans, actively picked with Blackstone's credit team on the nameplate, about 700 of them, with income paid monthly.
The fund is actively managed and seeks current income consistent with preserving capital. It normally invests at least 80% of net assets in Senior Loans.
Why people hold it
- Actively managed rather than index-tracking: the managers choose the loans, keeping at least 80% of net assets in senior loans.
- At 0.70%, the fee sits just under the median for bank-loan ETFs, which is unusual for a credit fund run by human pickers.
- One of the larger and more actively traded funds in a bank-loan aisle that holds only a handful of ETFs, and among the stronger implementations in that group.
- Income arrives monthly, spread across roughly 700 loans instead of a concentrated handful.
Worth knowing
- This is leveraged-loan credit, benchmarked to the Morningstar LSTA U.S. Leveraged Loan Index. Borrowers sit below investment grade, so credit risk does the heavy lifting.
- Senior loan coupons float, so the income stream moves with short-term rates instead of locking in a fixed payout.
- Cheaper options share the shelf: FLBL charges 0.45% against 0.70% here.
SRLN Holdings
- Bonds
- 747
- 18%
- Dayforce Bidco LLC aka Dayforce 02/04/2033
Sectors
- Communication91.8%
- Industrials8.2%
Geography
- United States90.56%
- Japan2.78%
- Canada2.36%
- Australia1.39%
- United Kingdom1.39%
- Ireland0.69%
- Greece0.28%
- Netherlands0.28%
- 0.28%
SRLN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SRLN$10,526
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 | SRLN |
|---|---|
| Year to date | +2.7% |
| 1 month | −0.2% |
| 3 months | +1.4% |
| 1 year | +5.3% |
| 3 years | +7.1% |
| 5 years | +4.8% |
| 10 years | +4.5% |
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 | SRLN |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +6.8% | |
| 2024 | +8.4% | |
| 2023 | +11.6% | |
| 2022 | −5.3% | |
| 2021 | +4.5% | |
| 2020 | +3.1% |
SRLN in the news
SRLN Dividends
- 7.32%
- $2.94
- $0.25 per share
- Monthly
Distribution history
SRLN Risk
- 2.8%
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.
- 0.84
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.
- −7.9%
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.
- 0.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SRLN Cost
0.70%
SRLN0.70%
- The middle half of Bank Loan funds
- Median 0.62%
7 of the 11 Bank Loan funds charge less.
Other funds in Bank Loan
- BFTSLFirst Trust Senior Loan FundExpense ratio 0.70%1 year return +3.9%
- CFLBLFranklin Senior Loan ETFExpense ratio 0.45%1 year return +3.3%
- CFLRTPacer Aristotle Pacific Floating Rate High Income ETFExpense ratio 0.60%1 year return +5.0%
- DLONZPIMCO Senior Loan Active Exchange-Traded FundExpense ratio 0.73%1 year return +5.2%
- DPFRLPGIM Floating Rate Income ETFExpense ratio 0.72%1 year return +6.1%