About SPDR Blackstone / GSO Senior Loan ETF (SRLN)

The SPDR Blackstone / GSO Senior Loan ETF (SRLN) is an exchange-traded fund that seeks to provide investors with exposure to senior loans, also known as leveraged loans or floating-rate loans. These are loans that are made to companies with below-investment grade credit ratings, and typically have variable interest rates that adjust periodically based on changes in a reference rate, such as LIBOR. The ETF is managed by State Street Global Advisors, a subsidiary of State Street Corporation.

Investing in senior loans can offer several potential benefits. First, these loans typically have higher yields compared to other fixed-income assets, making them attractive to income-seeking investors. Second, senior loans are typically senior in the issuer's capital structure, meaning they have a higher claim on the issuer's assets in the event of default. This can help to mitigate credit risk compared to other types of corporate debt. Finally, senior loans have floating interest rates, which can help protect investors from rising interest rates by providing a natural hedge.