State Street Investment Management Enhances Access to Leveraged Loans With New ETF

State Street Investment Management announced today the launch of the State Street SPDR S&P Leveraged Loan ETF (LVLN). Designed to offer investors broad, index-based exposure to the investable leveraged loan universe, LVLN’s gross expense ratio is 0.40%*, which makes the fund the lowest-cost leveraged loan ETF available in the U.S.¹

“Investors seeking to add income and diversification to their fixed income portfolios continue to turn to leveraged loans, which have historically shown a low correlation to Treasuries and investment-grade corporates²,” said Anna Paglia, Chief Business Officer for State Street Investment Management. “With the addition of LVLN, our fixed income ETF offerings now include both active and index-based strategies to meet client needs for gaining access to the fast-growing leveraged loan market.”

The State Street SPDR S&P Leveraged Loan ETF seeks to track the performance of the S&P USD Select Leveraged Loan Index (the “Index”). The Index comprises USD-denominated loans with a minimum $500M size, while capping constituents based on loan facility level, issuer (borrower) and industry constraints to provide broad exposure to the US leveraged loan market. The Index reflects a broad and transparent benchmark for US dollar leveraged loans that is anchored by eligibility and liquidity filters, market value weighting and real-world pricing, comprehensive coverage, and oversight and governance by S&P. For more information about leveraged loans, including investment characteristics and risks, please see LVLN’s prospectus.

Footnotes:

* – The LVLN’s total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in LVLN’s most recent prospectus.

1 – Source: Bloomberg Finance L.P., as of November 18, 2025.

2 – Source: Morningstar, as of October 31, 2025. Based on 20-year correlations. Leveraged Loans are represented by the Morningstar LSTA Leveraged Loan Index. Investment-Grade Corporates are represented by the Bloomberg US Corporate Bond Index. Treasuries are represented by the Bloomberg US Treasury Index.

About State Street Investment Management

At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in over 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation (NYSE: STT).