FISR vs GRNB

FISRCState Street Fixed Income Sector Rotation ETF

GRNBAVanEck Green Bond ETF

In short

FISR Most bond funds pick a lane and stay there. FISR is actively steered: a SPDR fund that rotates across fixed income sectors, using both ETFs and individual bonds, in pursuit of risk-adjusted return with current income.

GRNB Its peer group is stacked with total-bond-market giants. GRNB goes narrow instead: only dollar-denominated green bonds funding environmental projects, issued worldwide by governments, supranationals and companies. A 2017-vintage specialist at 0.20%.

Stated mandate

FISR FISR is an actively managed fixed-income fund that allocates among multiple fixed-income sectors, using ETFs and individual securities. It seeks to maximize risk-adjusted return while providing current income.

GRNB The fund seeks to track the S&P Green Bond U.S. Dollar Select Index before fees and expenses. The index covers U.S.-dollar-denominated green bonds financing environmentally friendly projects and issued globally by supranational, government, and corporate entities.

Why people hold it

• FISR Active sector rotation in one ticket. Managers shift among US and international fixed income sectors rather than sitting at fixed index weights.ssga.com
• Builds the portfolio from both ETFs and individual securities, so one share looks through to thousands of underlying bonds.
• Pays distributions monthly and has been running under the SPDR banner since 2019, so there is a real multi-year record to read.

• GRNB The mandate is the point: bonds whose proceeds fund environmentally friendly projects, tracked to the S&P Green Bond U.S. Dollar Select Index instead of a generic aggregate benchmark.vaneck.com
• 0.20% a year runs below the typical fund in its category, and it sits in the top quartile of a large aggregate-bond peer group on how closely it tracks and what it holds.
• Global sourcing, dollar pricing: supranational, government and corporate issuers, roughly 500 bonds, all USD-denominated, so no currency translation layered on top.
• Distributions land monthly, and the fund has been running since 2017.

Worth knowing

• FISR Costs 0.50% a year, above the broad-bond median and well above index aggregates such as BND, SPAB and SCHZ at 0.03%.
• No benchmark to check it against. Results ride on the manager's sector calls, and the blend of credit and interest-rate risk can shift as those calls change.
• Measured against the wider broad-bond field on cost and portfolio makeup, it sits toward the back of that group.

• GRNB Thinly traded next to core bond giants like BND, so spreads and order type matter more here.
• Green describes what the proceeds fund, not an issuer's whole business; the credit still sits with governments, supranationals and companies.
• The screen costs extra: plain aggregate rivals like BND and SPAB list expense ratios near 0.03%.

Full FISR profile⁠

Full GRNB profile⁠