Morningstar

State Street® IG Public & Private Credit ETF PRIV

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

Morningstar’s Analysis PRIV

Will PRIV 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 PRIV’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRIV 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 PRIV’s parent organization’s priorities and whether they’re in line with investors’ interests.

State Street IG Public & Private Credit ETF has been renamed, cut fees, and working as planned.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

State Street recently adjusted the fund’s name to conform to a new branding convention and cited a competitive assessment and the fund’s asset growth (USD 834 million at the end of July 2026) as reasons to trim fees to 0.55% from 0.70% when it launched in early 2025. The latter is a welcome move that should help keep the strategy competitive in a large field of attractively priced peers in the intermediate core-plus Morningstar Category.

by Eric Jacobson
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Portfolio Holdings PRIV

More PRIV Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 37.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us 5yr Note (Cbt) Dec26 Xcbt 20261231

13.57 125M
Government

United States Treasury Notes 4.625%

4.62 43M
Government

United States Treasury Bonds 4.75%

4.14 38M
Government

United States Treasury Bonds 4.625%

3.62 33M
Government

Federal National Mortgage Association 4.5%

2.35 22M
Securitized

Federal Home Loan Mortgage Corp. 5.5%

2.16 20M
Securitized

Federal Home Loan Mortgage Corp. 5%

2.16 20M
Securitized

Federal National Mortgage Association 5%

1.82 17M
Securitized

Federal National Mortgage Association 5%

1.71 16M
Securitized

AP FIDES HOLDING LLC SR SECURED 144A 11/48 6

1.58 14M
Corporate

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