State Street IG Public & Private ABS ETF
PRAB
New York Stock Exchange Arca24.91
USD
- -
- -
ISIN
US78470P5237
CUSIP
78470P523
Return %
Stock
S&P500
1Y
-0.62
19.01
3Y
-0.62
65.48
5Y
-0.62
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Holdmann
- Full Time Employees
- 61
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Mar 11, 2026
- Website
- prabanc.com
- Similar Companies
- Business
- SPDR SSGA Apollo IG Public & Private ABS ETF (PRAB) is an actively managed exchange-traded fund that seeks to provide current income and total return by investing primarily in investment-grade asset-backed securities, including both public and private credit instruments. The fund offers exposure to a diversified portfolio of asset-backed securities (ABS) such as those backed by consumer loans, commercial loans, and structured credit products; public ABS from traditional issuers; and private ABS sourced through strategic partnerships to enhance yield and access less liquid opportunities. It targets institutional and retail investors seeking income from investment-grade fixed income with a blend of public market liquidity and private credit alpha, operating globally with a focus on U.S.-domiciled securities and international exposures where available. Headquartered in Boston, Massachusetts, and managed by State Street Global Advisors (SSGA) in collaboration with Apollo Global Management, the ETF leverages SSGA's expertise in ETF structuring and Apollo's private credit platform; it was launched in 2024. Recent major developments include the strategic alliance between SSGA and Apollo to co-manage the fund, enabling up to 30% allocation to private ABS for differentiated returns; a 2025 expansion of the investment mandate to increase private credit exposure amid rising demand for hybrid income strategies; and strong inflows reflecting investor appetite for investment-grade alternatives in a higher-for-longer rate environment. The fund operates within the broader asset management industry, serving as a segment of State Street Corporation's ETF lineup with no notable subsidiaries or parent relationships beyond SSGA's oversight.
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