State Street DoubleLine Short Duration Total Return Tactical ETF (STOT)
State Street DoubleLine Short Duration Total Return Tactical ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $46.81, up 0.04% on the session, giving a market capitalisation of $473.2M. Its beta of 0.18 implies it has historically moved less than the broad market.
The State Street DoubleLine Short Duration Total Return Tactical ETF is an actively managed fund designed to maximize current income. It targets short-duration fixed income, maintaining a dollar-weighted average effective duration between one and three years. The ETF's strategy involves combining both traditional and non-traditional fixed income asset classes, employing active sector allocation and careful security selection to achieve its income objective. Furthermore, the fund seeks to outperform its benchmark by identifying and capitalizing on undervalued opportunities within the bond market, including investments in asset classes not typically covered by the index, such as high yield bonds and emerging markets debt.
State Street DoubleLine Short Duration Total Return Tactical ETF is most often compared with the following Financial Services names: