Morningstar

State Street® Ultra Short Term Bond ETF ULST

Morningstar Medalist Rating
Medalist Rating as of | See State Street Investment Hub

Morningstar’s Analysis ULST

Will ULST outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ULST’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ULST management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ULST’s parent organization’s priorities and whether they’re in line with investors’ interests.

A spicy ultrashort offering.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

State Street Ultra Short Term Bond's flexible approach is a strength, but the use of that flexibility in courting interest rate risk through duration requires patience.

by Saraja Samant
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ULST

More ULST Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.125%

12.27 65M
Government

State Street Instl US Govt MMkt Premier

10.18 54M
Cash and Equivalents

United States Treasury Bills 0%

9.43 50M
Government

United States Treasury Bills 0%

4.73 25M
Government

United States Treasury Notes 3.625%

3.43 18M
Government

United States Treasury Notes 4%

3.27 17M
Government

Athene Global Funding 2.95%

2.69 14M
Corporate

The Toronto-Dominion Bank 4.568%

1.88 10M
Corporate

Athene Global Funding 4.83%

1.51 8M
Corporate

Truist Bank (North Carolina) 3.8%

1.50 8M
Corporate

Sponsor Center