State Street® Short Duration IG Public & Private Credit ETF (PRSD) is an actively managed short-term bond ETF bringing together exposure to investment-grade public and private credit
BOSTON–(BUSINESS WIRE)–State Street Investment Management, the asset management business of State Street Corporation (NYSE: STT), announced today the launch of the State Street Short Duration IG Public & Private Credit ETF (PRSD). The fund is an actively managed short-term core bond solution, primarily allocating to investment grade debt securities through public and private credit instruments, seeking to maximize risk-adjusted returns alongside current income for investors.
Short-term core bond strategies are generally used to seek high quality income above cash markets while limiting the volatility associated with intermediate-and-longer term bond strategies. While many actively managed short-term strategies seek excess returns by taking on below investment grade or emerging market risks, PRSD takes a different approach, seeking to invest at least 80% of the fund’s portfolio in investment grade credit instruments.
“Private credit is one of the fastest-growing segments of the market in recent years, but has historically been an underutilized allocation in portfolios,” said Anna Paglia, chief business officer of State Street Investment Management. “That changed earlier this year when we launched PRIV – the SPDR® SSGA IG Public & Private Credit ETF – a core bond fund offering exposure to a combination of investment-grade public and private credit ETF. Now, PRSD builds on the launch of PRIV and continues the convergence of public and private markets by expanding our lineup to include a short-term bond strategy that can be used to pursue potential excess returns while managing duration risks.”
Managed by the State Street Investment Management Active Fixed Income Team, PRSD seeks to maximize risk-adjusted returns through a risk-aware, macroeconomic top-down approach combined with bottom-up security selection to construct a portfolio that seeks to overweight the most attractive sectors and issuers. While the portfolio’s sector, credit rating allocation, and sensitivity to interest rates can vary over time, the fund seeks to target a duration between one and three years.
“PRIV and now PRSD are exciting strategies that investors can use to help diversify potential sources of alpha and income within bond portfolios,” added Paglia. “We’re excited to be a standard bearer in the continued convergence of public and private markets.”
For more information on the State Street Short Duration IG Public & Private Credit ETF visit https://www.ssga.com/us/en/intermediary/capabilities/alternatives/private-credit-etf.
About State Street Investment Management
At State Street Investment Management, we have been helping to deliver better outcomes to institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in over 60 countries, and a global network of strategic partners, we use our scale to create a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go.
*This figure is presented as of June 30, 2025 and includes ETF AUM of $1,689.83 billion USD of which approximately $116.05 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.
Important Information: Apollo is not a sponsor, distributor, promoter, or investment adviser to the Fund. Apollo has entered into a contractual agreement with the Fund whereby it is obligated to provide firm bids on asset-backed and corporate finance instruments sourced by Apollo (each an “AOS Investment”) to the Fund on a daily basis at certain intervals and is required to repurchase AOS Investments that the Fund has purchased at the firm bid price offered by Apollo, subject to, but not limited to, contractual levels designed to cover the estimated seven-day stress redemption rate as of the date hereof. The sale of AOS Investments to Apollo is not exclusive and the Fund may seek to sell AOS Investments to other counterparties.
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Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.
The Fund is actively managed. The Adviser’s judgments about the attractiveness, relative value, or potential appreciation of a particular sector, security, commodity or investment strategy may prove to be incorrect, and may cause the Fund to incur losses. There can be no assurance that the Adviser’s investment techniques and decisions will produce the desired results.
Debt Securities: The values of debt securities may increase or decrease as a result of the following: market fluctuations, changes in interest rates, actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments or illiquidity in debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates.
Investing in high yield fixed income securities, otherwise known as “junk bonds”, is considered speculative and involves greater risk of loss of principal and interest than investing in investment grade fixed income securities. These Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.
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State Street Global Advisors (SSGA) is now State Street Investment Management. Please go to statestreet.com/investment-management for more information.
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ADTRAX CODE 8371847.1.1.AM.RTL
Exp. Date: 09/30/2026
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