SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT): Price and Financial Metrics ETF
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SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT) ETF Bio
The investment objective of the SPDR DoubleLine Short Duration Total Return Tactical ETF is to invest mainly in U.S. debt with no real limits on type or credit quality. It can even invest in other exchange-traded funds. The ETF may invest more than 25% of the portfolio in mortgage-backed securities, the prospectus said. Up to 20% of the portfolio can be invested in junk bonds, and up to 15% can be invested in debt that is not denominated in U.S. dollars. That said, the fund can gain more foreign exposure as long as it is in the form of USD-denominated securities, and up to 20% of the portfolio’s assets can be invested in securities meaningfully associated with emerging markets in terms of domicile, assets or revenues. The fund’s target duration is just one to three years in an effort to limit the fund’s interest-rate risk.