SBHI
Actively managedFixed IncomeState Street Blackstone High Income Hedged Active ETF
About this ETF
The State Street Blackstone High income (AUD Hedged) Active ETF seeks to outperform a composite benchmark comprising 50% high yield bonds and 50% high yield senior loans with less volatility than the general bond and loan markets over full market cycles. To achieve its investment objective, the Fund will obtain its investment exposure to debt instruments and loans though shares in the US domiciled State Street Blackstone High Income ETF (Underlying Fund).
Scout Score
An independent score calculated by ETF Scout across 6 real-data factors (cost, diversification, liquidity, fund strength, performance, income), ranked against other actively-managed funds in the same category. Tracking isn't scored, since active funds don't target an index.
Strengths
No standout strengths relative to category peers.
Weaknesses
- Small fund — $2M in assets, smaller than 95% of active Fixed Income funds, which can mean wider spreads.
- Lower liquidity — 0.26% bid/ask spread, wider than 83% of active Fixed Income peers.
- Higher fee — 0.70% p.a., more expensive than 79% of active Fixed Income funds.