PRIV

About PRIV

The SPDR SSGA Investment Grade Public and Private Credit Fund is an actively managed exchange-traded fund focused on providing diversified exposure to both investment-grade public and private credit markets. Its primary function is to allocate at least 80% of assets to a blend of investment-grade debt securities, encompassing both traditional public bonds and non-traditional private credit instruments, such as asset-based finance and corporate loans. This unique structure enables the fund to offer access to segments of the private credit market that have typically been reserved for institutional investors, democratizing availability for a broader range of market participants. Managed by a dedicated team utilizing both macroeconomic analysis and bottom-up security selection, the fund seeks to maximize risk-adjusted returns and deliver current income opportunities. Private credit exposure in the portfolio generally ranges from 10% to 35%, with allocations adjusted by portfolio management discretion based on prevailing market conditions. By combining public and private credit, the fund is designed to enhance portfolio diversification and provide potential for improved income while maintaining an investment-grade risk profile. Its ETF structure further distinguishes it by offering liquidity and transparency, which are often limited in traditional private credit vehicles.