PRI

SPDR SPDR SSGA Apollo IG Public & Private Credit ETF

ETF

ISIN: US78470P6227

Ticker: PRIV

US78470P6227

PRIV

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Hennington Research

@HennRes

3Sem.·

Apollo & State Street launch first private credit ETF for retail investors

$APO (-11,14 %) and $STT (-7,02 %) have launched the SPDR SSGA Apollo IG Public & Private Credit ETF ($US78470P6227 ). The ETF invests at least 80% of its portfolio in investment grade bonds, including public and private credit, and may hold up to 35% in private securities.

0.70% management fee

Apollo provides liquidity through repurchases of private credit, but with daily limits

The SEC allows up to 35% illiquid investments instead of the usual 15%

https://www.ssga.com/us/en/intermediary/etfs/spdr-ssga-apollo-ig-public-private-credit-etf-priv

www.ssga.comPRIV: SPDR® SSGA IG Public & Private Credit ETF

1 Commentaire

Hennington Research@HennRes

3Sem.

Private credit are unlisted loans that are granted directly to companies by investors such as funds or insurance companies. They are more flexible than bonds, offer higher returns, but are more illiquid. Often used for corporate financing and buyouts.

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