SPDR SSgA Ultra Short Term Bond ETF ULST is among the cheapest active options in the ultrashort bond Morningstar Category. However, investment team turnover, which has included a strategy shift that increased its credit risk, supports a Morningstar Analyst Rating of Neutral.
SPDR® SSgA Ultra Short Term Bond ETF ULST
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ULST outperform in 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.
Changes in recent years have not improved this ETF’s standing.
