State Street Blackstone Senior Loan ETF
$40.65−0.06 (−0.15%)
- Expense ratio
- 0.70%
- Fund size
- $5.6B
- 1Y return
- +5.2%
- Yield · Last 12 months
- 7.24%
- Holdings
- 714
- Volume · 30D
- 1.8M sh
- NAV per share
- $40.70
- 52W range
The ETF.net SRLN Grade
Score 51 of 100 sits in the C 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.DScore 26Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 58Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 81Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 89Category rank
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
- 714
- 18%
- Dayforce Bidco LLC aka Dayforce 02/04/2033
Sectors
- Communication91.8%
- Industrials8.2%
Geography
- United States92.11%
- Canada2.51%
- Australia1.79%
- United Kingdom1.25%
- Japan0.72%
- Ireland0.72%
- Greece0.36%
- Netherlands0.18%
- 0.36%
SRLN 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 | SRLN |
|---|---|
| Year to date | +3.4% |
| 1 month | +0.9% |
| 3 months | +2.8% |
| 1 year | +5.2% |
| 3 years | +7.3% |
| 5 years | +5.0% |
| 10 years | +4.6% |
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 | +3.4% | |
| 2025 | +6.8% | |
| 2024 | +8.4% | |
| 2023 | +11.6% | |
| 2022 | −5.3% | |
| 2021 | +4.5% | |
| 2020 | +3.1% |
SRLN in the news
ETF.net Research hasn’t filed on SRLN yet — coverage lands here as it’s written.
SRLN Dividends
- 7.24%
- $2.95
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.25 |
| Aug 3, 2026 | Aug 6, 2026 | $0.24 |
| Jul 1, 2026 | Jul 7, 2026 | $0.23 |
| Jun 1, 2026 | Jun 4, 2026 | $0.23 |
| May 1, 2026 | May 6, 2026 | $0.22 |
| Apr 1, 2026 | Apr 6, 2026 | $0.25 |
| Mar 2, 2026 | Mar 5, 2026 | $0.23 |
| Feb 2, 2026 | Feb 5, 2026 | $0.25 |
| Dec 18, 2025 | Dec 23, 2025 | $0.26 |
| Dec 1, 2025 | Dec 4, 2025 | $0.25 |
| Nov 3, 2025 | Nov 6, 2025 | $0.28 |
| Oct 1, 2025 | Oct 6, 2025 | $0.25 |
SRLN Risk
- 2.7%
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.
- 0.93
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
- The middle half of Bank Loan funds
- Median 0.62%
7 of the 11 Bank Loan funds charge less.