EDGF vs SPAB

EDGFD3EDGE Dynamic Fixed Income ETF

SPABAState Street SPDR Portfolio Aggregate Bond ETF

In short

EDGF A bond fund built to move. 3EDGE's macro model shifts the mix across Treasuries, TIPS, investment grade and high yield, using other bond ETFs as building blocks. Flexibility priced at 0.79%, with no fee waiver in the mix.

SPAB A 2007-vintage core bond fund priced at 0.03%: roughly 8,500 US investment-grade bonds in one ticket, at the same rock-bottom fee the household names charge for the same index.

Stated mandate

EDGF The Fund seeks high current income. It dynamically invests across multiple fixed-income sectors through selected ETFs, with allocations adjusted using a quantitative and dual-momentum process.

SPAB The fund seeks to track the price and yield performance of the Bloomberg U.S. Aggregate Bond Index before fees and expenses, providing broad exposure to U.S.-dollar-denominated investment-grade bonds.

Why people hold it

• EDGF Go-anywhere mandate: at least 80% in bonds, with credit quality and duration actively dialed up or down rather than pinned to an index.sec.gov
• Runs as a fund of funds, so the holdings are liquid, published bond ETFs picked on index, credit quality and duration, not an opaque bond sleeve.sec.gov
• The 0.79% fee is the real fee: net equals gross, with no waiver propping it up and no step-up risk when one lapses.
• Seeks current income and pays quarterly.

• SPAB 0.03% a year against a 0.36% median for its peer group, and the same ticket price as AGG, SCHZ and BBAG on the identical index.
• Roughly 8,500 dollar-denominated investment-grade bonds in one line item, tracking the Bloomberg U.S. Aggregate Bond Index. Diversification you could not assemble bond by bond.ssga.com
• Trades actively and has tracked its index closely, putting it among the stronger implementations in the core-bond group.
• Running since 2007, now a multi-billion-dollar fund, and it pays monthly rather than quarterly.

Worth knowing

• EDGF Cost is the hurdle: 0.79% against AGG, BND, SPAB and SCHZ at 0.03%, and above the category median fee.
• Allocations shift with the model, so results can look nothing like a plain Agg tracker in either direction.sec.gov
• Young fund, launched in October 2024, so there is little history across different rate environments.

• SPAB Bond prices move opposite yields. When rates rise the index falls and the fund follows it down; a 0.03% fee cannot cushion that.
• AGG, SCHZ and BBAG hold the same declared index at the same 0.03%. Picking among them comes down to spreads and platform, not the portfolio.
• Investment grade and US dollar only by mandate: high yield and foreign-currency debt sit outside the remit.ssga.com

Full EDGF profile⁠

Full SPAB profile⁠