State Street Short Duration IG Public & Private Credit ETF·Financial Services
The State Street Short Duration IG Public & Private Credit ETF (PRSD) is an actively managed short-term bond fund primarily allocating to investment-grade debt securities, including both public and private credit instruments. The Fund seeks to maintain a duration between one and three years. By actively allocating across a wide range of investment-grade debt securities, PRSD seeks to maximize risk-adjusted returns alongside current income.PRSD is managed by State Street Investment Management’s Active Fixed Income Team, and the portfolio managers use a risk-aware, macroeconomic top-down approach, combined with bottom-up security selection, to construct a portfolio that seeks to overweight the most attractive sectors and issuers.PRSD may invest in private credit instruments sourced by Apollo Global Securities LLC; private credit will generally range between 10-35% of the Fund’s portfolio though it may comprise less than 10% or more than 35% of the Fund’s investment portfolio at any given time.
Financial Services
Asset Management
2025-09-10
0.14
Market Peers







Last month at the Exchange conference in Las Vegas, Anna Paglia, State Street Investment Management's chief business officer, discussed how the firm's private credit lineup came to be and how the firm sets about developing some of its products.

With market conditions continuing to shift, advisors are still looking to find potent core fixed income approaches for their client portfolios.

State Street Investment Management is continuing its push into the intersection of public and private credit with the launch of a new ETF. The firm announced today the launch of the State Street IG Public & Private ABS ETF (PRAB).

Private markets were historically for institutional and ultra-high-net-worth investors. Today, that exclusivity is breaking down, as many retail investors realize the value behind private markets and advisors look for additional diversification tools.