State Street(R) DoubleLine(R) Total Return Tactical ETF
SSGA Active Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
State Street(R) DoubleLine(R) Total Return Tactical ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The State Street DoubleLine Total Return Tactical ETF (the Fund) seeks to maximize total return.
The fund is managed by DoubleLine Capital LP, which invests at least 80% of assets in fixed income securities across government, agency and non-agency mortgage-backed securities, corporate bonds, bank loans, municipal bonds, and emerging market debt. The Sub-Adviser actively rotates among sectors using top-down analysis of fundamentals and selects individual securities bottom-up, while maintaining a weighted average effective duration between 1 and 8 years and limiting below-investment-grade debt to 40% of net assets. Because individual security selection depends on the Sub-Adviser's analysis and sector rotation decisions, portfolio performance may diverge from broad fixed income benchmarks. The fund may use Treasury futures to manage duration and yield curve exposure.
| Share class | Expense ratio |
|---|---|
| TOTL | 0.55% |
Portfolio turnover 20.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Securitized | 64.33% |
| Bonds | 25.43% |
| Cash & short-term | 8.20% |
| Loans | 1.02% |
| 2 smaller | 0.35% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury, Freddie Mac ×4, Fannie Mae ×2, Chicago Board of Trade
Largest exited: United States Treasury, Freddie Mac ×4, Fannie Mae, Chicago Board of Trade ×2
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 69.7% |
| Floating rate | 29.9% |
| Zero-coupon or unclassified | 0.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.8% |
| 1-3y | 9.5% |
| 3-5y | 9.4% |
| 5-10y | 11.2% |
| 10y+ | 67.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 79% |
| Credit spreads | 21% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.93 yr |
| High yield | +0.54 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 1.04 yr | 18% |
| 5 yr | 2.09 yr | 37% |
| 10 yr | 2.04 yr | 36% |
| 30 yr | 0.55 yr | 10% |
3 mo is NEGATIVE (-0.14 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.21 yr | 14% |
| 5 yr | 0.59 yr | 41% |
| 10 yr | 0.47 yr | 32% |
| 30 yr | 0.19 yr | 13% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.14 | +0.01 | +0.01 | $2.2k | $2.1k |
| 1 yr | +1.04 | +0.10 | +0.11 | $41.9k | $44.2k |
| 5 yr | +2.09 | +0.33 | +0.26 | $138.6k | $109.8k |
| 10 yr | +2.04 | +0.34 | +0.13 | $142.3k | $54.5k |
| 30 yr | +0.55 | +0.15 | +0.04 | $62.3k | $15.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | United States Treasury | 6.06% | $253.17M | — |
| — | United States Treasury0.75% · due 2028-01-31 | 5.57% | $232.67M | — |
| — | United States Treasury0.88% · due 2026-09-30 | 2.29% | $95.80M | — |
| GVMXX | State Street Global AdvisorsGVMXX | 2.14% | $89.32M | — |
| — | United States Treasury0.88% · due 2030-11-15 | 1.56% | $65.29M | — |
| — | United States Treasury0.63% · due 2030-08-15 | 1.45% | $60.75M | — |
| — | Freddie Mac5.50% · due 2054-07-01 | 0.71% | $29.78M | — |
| — | Fannie Mae5.50% · due 2054-09-01 | 0.70% | $29.31M | — |
| — | Fannie Mae5.00% · due 2055-01-01 | 0.66% | $27.67M | — |
| — | Fannie Mae3.00% · due 2052-06-01 | 0.60% | $24.95M | — |
Top 10 positions are 21.75% of net assets, top 25 29.39%, across 1.0K issuers.
See more of this fund's book
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