State Street Short Duration IG Public & Private Credit ETF (PRSD)

The State Street Short Duration IG Public & Private Credit ETF is an actively managed fixed-income fund from State Street Investment Management. It extends the firm's public-and-private credit approach, developed with Apollo Global Management, to the short end of the yield curve.

The fund invests mainly in investment-grade bonds with relatively short maturities, aiming to keep interest-rate sensitivity low. Alongside publicly traded corporate and securitized debt, it allocates a portion of the portfolio to privately originated investment-grade credit, which can offer additional income compared with comparable public bonds.

Listed on NYSE Arca under the ticker PRSD, the fund seeks current income with limited duration risk, packaging both public and private credit in a single exchange-traded vehicle.