State Street Ultra Short Term Bond ETF
$40.23−0.01 (−0.02%)
- 0.20%
- $505M
- +3.1%
- 4.15%
- 69.6K sh
- $40.22
- low $40.11high $40.72
The ETF.net ULST Grade
B
Score 60 out of 100
- 39 of 78
Score 60 of 100 falls in the B 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.C42 out of 100Rank 39 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 56 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 47 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 38 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 18 of 78
Our read on ULST
In short
BThe active option in a category full of index trackers: State Street's managers hand-pick roughly 300 short, high-quality bonds to squeeze income out of cash-adjacent money, and pay it out monthly.
Stated mandate
ULST seeks to maximize current income while preserving capital and maintaining daily liquidity through short-duration, high-quality investments. It is actively managed and invests in securities somewhat longer-term than traditional cash vehicles.
Why people hold it
Worth knowing
ULST Holdings
- Bonds
- 278
- 50%
- Us Treasury N/B 02/27 4.125
Geography
- United States89.34%
- Spain2.69%
- Canada2.66%
- Japan1.86%
- United Kingdom1.50%
- Netherlands1.41%
- Ireland0.42%
- Australia0.04%
- 0.08%
ULST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ULST$10,309
Returns run to the Oct 20, 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 | ULST |
|---|---|
| Year to date | +2.4% |
| 1 month | +0.3% |
| 3 months | +0.7% |
| 1 year | +3.1% |
| 3 years | +4.7% |
| 5 years | +3.7% |
| 10 years | +2.7% |
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 | ULST |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +4.8% | |
| 2024 | +5.2% | |
| 2023 | +5.6% | |
| 2022 | +0.9% | |
| 2021 | +0.2% | |
| 2020 | +1.5% |
ULST in the news
ULST Dividends
- 4.15%
- $1.67
- $0.14 per share
- Monthly
Distribution history
ULST Risk
- 0.7%
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.
- 0.13
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.
- −1.2%
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.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ULST Cost
0.20%
ULST0.20%
- Middle half of Cash & Ultra-Short Income funds
- Median 0.19%
41 of the 78 Cash & Ultra-Short Income funds charge less.
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- BDLUXDoubleLine Ultrashort Income ETFExpense ratio 0.18%1 year return —
- BRAVINorthern Trust Ultra-Short Fixed Income ETFExpense ratio 0.26%1 year return +3.8%
- BPMMFiShares Prime Money Market ETFExpense ratio 0.20%1 year return +2.8%
- BBUXXStrive Enhanced Income Short Maturity ETFExpense ratio 0.26%1 year return +3.8%