SPDR updates strategy for $ULST : going junkier

SPDR SSGA Ultra Short Term Bond ETF (ULST)

Changes effective: October 31, 2021

• Minimum grade for eligible bonds from A to BBB- (S&P); and from A3 to Baa3 (Moody's)

• Allow up to 10% in junk bonds

• Duration increase from 3-9 mos to <1yr

• Maturity increase from 6-18 mos to <2.5yrs

• Allow use of derivatives to manage fund duration, maturity, quality

Prospectus:
https://sec.gov/Archives/edgar/data/1516212/000119312521257542/d198453d485apos.htm

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