The fund seeks to replicate the S&P USD Select Leveraged Loan Index and provide cost-efficient access to loans with a minimum size of US$500m.
State Street Investment Management (State Street) has introduced the State Street SPDR S&P Leveraged Loan ETF (LVLN), designed to provide index-based access to the US leveraged loan market. The fund carries a gross expense ratio of 0.40%, which the firm states is the lowest among leveraged loan ETFs available in the US. LVLN seeks to replicate the performance of the S&P USD Select Leveraged Loan Index LVLN seeks to replicate the performance of the S&P USD Sele