SBSL
Actively managedFixed IncomeState Street Blackstone Senior Loan Hedged Active ETF
About this ETF
The State Street Blackstone Senior Loan (AUD Hedged) Active ETF seeks to outperform the Morningstar LSTA US Leveraged Loan AUD Hedged Index.To achieve its investment objective, the Fund will obtain its investment exposure to loans and other debt instruments through units in the US domiciled State Street Blackstone Senior Loan ETF (Underlying Fund). In addition to the investment in the Underlying Fund, currency hedging is implemented using rolling one-month forward currency contracts.
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 90% of active Fixed Income funds, which can mean wider spreads.
- Higher fee — 0.70% p.a., more expensive than 79% of active Fixed Income funds.
- Lower liquidity — 0.14% bid/ask spread, wider than 69% of active Fixed Income peers.