State Street IG Public & Private Credit ETF (PRIV)
State Street IG Public & Private Credit ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $24.77, up 0.16% on the session, giving a market capitalisation of $834.7M. Its beta of 0.08 implies it has historically moved less than the broad market.
The State Street IG Public & Private Credit ETF (PRIV) is an actively managed fund focused on investment-grade debt, encompassing both publicly traded and privately issued credit instruments. Its core objective is to maximize risk-adjusted returns and provide current income by strategically allocating capital across a diverse range of these debt securities. The SSGA Active Fixed Income Team manages PRIV, employing a risk-aware investment strategy that integrates a macroeconomic top-down outlook with detailed bottom-up security selection. This method aims to overweight the most attractive sectors and issuers. Private credit instruments, potentially sourced through Apollo Global Securities LLC, typically comprise 10-35% of the fund's portfolio, though their allocation may fall outside this range at any given time.
State Street IG Public & Private Credit ETF is most often compared with the following Financial Services names: