The State Street IG Public & Private ABS ETF (PRAB) is an actively managed fund primarily investing in investment-grade asset-backed securities (ABS), encompassing both public and private offerings. Through active security selection, PRAB can allocate to a diverse spectrum of investment-grade ABS. This includes instruments like collateralized loan obligations (CLOs), as well as residential and commercial mortgage-backed securities (RMBS and CMBS). Its primary objective is to deliver maximized risk-adjusted returns alongside current income generation. Managed by State Street Investment Management's Active Fixed Income Team, the fund employs a sophisticated, risk-aware investment methodology. This approach integrates a top-down assessment of market trends with rigorous bottom-up security selection, aiming to overweight the most promising sectors and issuers. PRAB also has the flexibility to invest in private ABS, including those sourced from Apollo Global Securities, LLC (AOS Investments). The allocation to these private securities may fluctuate.

PRAB Holdings & Sector Breakdown

PRAB Holdings & Sector Breakdown