Expense Ratio
The annual fee the ETF charges, deducted daily from NAV. A 0.05% ratio costs you $5/year per $10,000 invested, over 30 years that's the difference between a great fund and a mediocre one.
Learn more →State Street® Ultra Short Term Bond ETFULST$40.40-$0.01(-0.01%)as of 2026-07-31
Expense0.20%Net Assets$600.4MYTD-0.26%
State Street (SPDR)Fixed Income
NAV
$40.4
Net Assets
$600.4M
Expense Ratio
0.20%
YTD
-0.26%
1Y
-0.43%
3Y CAGR
+0.18%
5Y CAGR
-0.03%
The Adviser invests, under normal circumstances, at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in a portfolio of U.S. dollar-denominated investment-grade fixed income securities. The fund may also invest in exchange traded products ("ETPs"). It is non-diversified.
Price History1,320 daily observations
Price History▼ 0.53% over 1Y
Monthly Returns
Historically, Jan has averaged the highest return (+0.4%); Dec the lowest (-0.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4%Neutral MonthJan 2026: +0.37% | -0.1%Neutral MonthFeb 2026: -0.07% | -0.3%Neutral MonthMar 2026: -0.32% | -0.1%Neutral MonthApr 2026: -0.07% | -0.3%Neutral MonthMay 2026: -0.27% | -0.2%Neutral MonthJun 2026: -0.16% | +0.3%Neutral MonthJul 2026: +0.27% | — | — | — | — | — |
| 2025 | +0.5%Neutral MonthJan 2025: +0.47% | +0.1%Neutral MonthFeb 2025: +0.07% | +0.0%Neutral MonthMar 2025: +0.05% | +0.1%Neutral MonthApr 2025: +0.07% | -0.1%Neutral MonthMay 2025: -0.12% | +0.1%Neutral MonthJun 2025: +0.07% | -0.1%Neutral MonthJul 2025: -0.10% | +0.2%Neutral MonthAug 2025: +0.20% | -0.0%Neutral MonthSep 2025: -0.02% | -0.0%Neutral MonthOct 2025: -0.02% | +0.0%Neutral MonthNov 2025: +0.00% | -0.4%Neutral MonthDec 2025: -0.42% |
| 2024 | +0.6%Neutral MonthJan 2024: +0.59% | -0.3%Neutral MonthFeb 2024: -0.30% | +0.0%Neutral MonthMar 2024: +0.00% | -0.2%Neutral MonthApr 2024: -0.22% | +0.1%Neutral MonthMay 2024: +0.15% | +0.0%Neutral MonthJun 2024: +0.00% | +0.3%Neutral MonthJul 2024: +0.35% | +0.3%Neutral MonthAug 2024: +0.32% | +0.1%Neutral MonthSep 2024: +0.10% | -0.5%Neutral MonthOct 2024: -0.47% | +0.0%Neutral MonthNov 2024: +0.02% | -0.5%Neutral MonthDec 2024: -0.47% |
| 2023 | +0.6%Neutral MonthJan 2023: +0.58% | -0.1%Neutral MonthFeb 2023: -0.12% | +0.2%Neutral MonthMar 2023: +0.20% | +0.1%Neutral MonthApr 2023: +0.07% | -0.0%Neutral MonthMay 2023: -0.02% | -0.0%Neutral MonthJun 2023: -0.05% | +0.0%Neutral MonthJul 2023: +0.05% | +0.1%Neutral MonthAug 2023: +0.15% | -0.1%Neutral MonthSep 2023: -0.15% | -0.1%Neutral MonthOct 2023: -0.10% | +0.5%Neutral MonthNov 2023: +0.47% | -0.1%Neutral MonthDec 2023: -0.10% |
| 2022 | -0.1%Neutral MonthJan 2022: -0.15% | -0.2%Neutral MonthFeb 2022: -0.22% | -0.3%Neutral MonthMar 2022: -0.35% | -0.1%Neutral MonthApr 2022: -0.07% | -0.1%Neutral MonthMay 2022: -0.05% | -0.4%Neutral MonthJun 2022: -0.40% | +0.3%Neutral MonthJul 2022: +0.33% | +0.1%Neutral MonthAug 2022: +0.08% | -0.2%Neutral MonthSep 2022: -0.15% | -0.1%Neutral MonthOct 2022: -0.08% | +0.3%Neutral MonthNov 2022: +0.30% | -0.0%Neutral MonthDec 2022: -0.05% |
| 2021 | — | — | — | — | -0.0%Neutral MonthMay 2021: -0.05% | +0.0%Neutral MonthJun 2021: +0.05% | -0.0%Neutral MonthJul 2021: -0.05% | -0.0%Neutral MonthAug 2021: -0.02% | +0.0%Neutral MonthSep 2021: +0.02% | -0.2%Neutral MonthOct 2021: -0.17% | -0.1%Neutral MonthNov 2021: -0.10% | -0.1%Neutral MonthDec 2021: -0.07% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
Seasonal Tendency
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
Historical Trend
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-Date ROI
Latest: 0.997x (2026)
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Returns PerformanceTrailing total returns
| YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|
| -0.26% | -0.43% | +0.18% | -0.03% |
Expense Ratio
Net (after waivers)0.20%
Gross (before waivers)0.20%
Net expense ratio reflects fee waivers and reimbursements actually paid by investors. Gross is the full management cost.
AI Summary
us-etfRule-based from financial data. Not advice.
Sector Allocation1 sector
Fixed Income / Cash99.23%
Top 10 Holdings ConcentrationWhat share of the fund the largest 10 positions occupy
Top 10 Weight
47.6%
Total Holdings
334
Verdict
moderately concentrated
Top Holdings200 of 334 loaded
💡Reading the Holdings Table
The Weight column shows how much of the ETF's assets sit in each constituent. The Allocation bar scales each weight to the largest position so you can see relative concentration at a glance, and the Cumul. column tracks the running total, a fast read on how top-heavy this ETF is. The top 10 holdings account for 47.6% of assets. Click any constituent name to open its US stock detail page.
📖 Learn: Diversification & Asset Allocation →| # | Holding | Sector | Allocation | Weight | Cumul. |
|---|---|---|---|---|---|
| 1 | US TREASURY N/B 02/27 4.125US TREASURY N/B 02/27 4.125 | Fixed Income / Cash | 11.64% | 11.6% | |
| 2 | TREASURY BILL 05/26 0.00000TREASURY BILL 05/26 0.00000 | Fixed Income / Cash | 9.98% | 21.6% | |
| 3 | TREASURY BILL 06/26 0.00000TREASURY BILL 06/26 0.00000 | Fixed Income / Cash | 8.30% | 29.9% | |
| 4 | SSI US GOV MONEY MARKET CLASSSSI US GOV MONEY MARKET CLASS | Fixed Income / Cash | 5.11% | 35.0% | |
| 5 | US TREASURY N/B 08/27 3.625US TREASURY N/B 08/27 3.625 | Fixed Income / Cash | 3.03% | 38.1% | |
| 6 | US TREASURY N/B 06/28 4US TREASURY N/B 06/28 4 | Fixed Income / Cash | 2.90% | 41.0% | |
| 7 | ATHENE GLOBAL FUNDING SECURED 144A 11/26 2.95ATHENE GLOBAL FUNDING SECURED 144A 11/26 2.95 | Fixed Income / Cash | 2.35% | 43.3% | |
| 8 | TORONTO DOMINION BANK SR UNSECURED 12/26 4.568TORONTO DOMINION BANK SR UNSECURED 12/26 4.568 | Fixed Income / Cash | 1.67% | 45.0% | |
| 9 | ATHENE GLOBAL FUNDING SR SECURED 144A 05/28 4.83ATHENE GLOBAL FUNDING SR SECURED 144A 05/28 4.83 | Fixed Income / Cash | 1.33% | 46.3% | |
| 10 | TRUIST BANK SUBORDINATED 10/26 3.8TRUIST BANK SUBORDINATED 10/26 3.8 | Fixed Income / Cash | 1.32% | 47.6% | |
| 11 | BANK OF AMERICA CREDIT CARD TR BACCT 2023 A1 A1BANK OF AMERICA CREDIT CARD TR BACCT 2023 A1 A1 | Fixed Income / Cash | 1.28% | 48.9% | |
| 12 | MICROSOFT CORP SR UNSECURED 09/26 3.4MICROSOFT CORP SR UNSECURED 09/26 3.4 | Fixed Income / Cash | 1.20% | 50.1% | |
| 13 | CHEVRON PHILLIPS CHEM CO SR UNSECURED 144A 12/26 3.4CHEVRON PHILLIPS CHEM CO SR UNSECURED 144A 12/26 3.4 | Fixed Income / Cash | 1.11% | 51.2% | |
| 14 | VORNADO REALTY LP SR UNSECURED 06/26 2.15VORNADO REALTY LP SR UNSECURED 06/26 2.15 | Fixed Income / Cash | 1.07% | 52.3% | |
| 15 | CHARLES SCHWAB CORP SR UNSECURED 08/26 5.875CHARLES SCHWAB CORP SR UNSECURED 08/26 5.875 | Fixed Income / Cash | 1.02% | 53.3% | |
| 16 | MORGAN STANLEY SR UNSECURED 04/28 VARMORGAN STANLEY SR UNSECURED 04/28 VAR | Fixed Income / Cash | 1.01% | 54.3% | |
| 17 | BMW VEHICLE LEASE TRUST BMWLT 2024 1 A4BMW VEHICLE LEASE TRUST BMWLT 2024 1 A4 | Fixed Income / Cash | 0.92% | 55.2% | |
| 18 | BROADCOM CRP / CAYMN FI COMPANY GUAR 01/28 3.5BROADCOM CRP / CAYMN FI COMPANY GUAR 01/28 3.5 | Fixed Income / Cash | 0.87% | 56.1% | |
| 19 | UTAH ACQUISITION SUB COMPANY GUAR 06/26 3.95UTAH ACQUISITION SUB COMPANY GUAR 06/26 3.95 | Fixed Income / Cash | 0.87% | 57.0% | |
| 20 | HUNTINGTON NATIONAL BANK SR UNSECURED 01/30 5.65HUNTINGTON NATIONAL BANK SR UNSECURED 01/30 5.65 | Fixed Income / Cash | 0.86% | 57.8% | |
| Total (top 20) | 57.8% | ||||
Holdings Overlap with Your Portfolio
Checking for overlaps...
Investment CalculatorSee what investing in ULST might be worth
$
You invest
$10,000
Estimated gain
$-27
Final value
$9,973
Projections assume returns compound at the chosen CAGR consistently for 10 years, actual returns will vary year-to-year. Past performance is not a guarantee of future results.
Key Concepts to UnderstandFive things that drive ETF performance more than anything else
Net Assets (AUM)
Total money the ETF manages. Larger AUM usually means tighter bid-ask spreads and lower closure risk. ETFs under $50M are sometimes liquidated by the issuer.
Learn more →NAV
Net Asset Value, the per-share value of everything the ETF owns minus what it owes, calculated end-of-day. The trading price can drift slightly above (premium) or below (discount) NAV during the day.
Learn more →Tracking Error
How closely the ETF's returns match its benchmark. Index ETFs aim for near-zero tracking error; high tracking error in an index fund usually signals fees, sampling, or poor management.
Learn more →Total Return
Capital gain + reinvested dividends. The headline price chart only shows the price part, total return is what you actually pocket, and is the only fair way to compare ETFs across asset classes.
Learn more →Similar ETFs
About This ETF
Provider
State Street (SPDR)
Asset Class
Fixed Income
Inception Date
Oct 9, 2013
Top Sector
Fixed Income / Cash (99.2%)
The Adviser invests, under normal circumstances, at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in a portfolio of U.S. dollar-denominated investment-grade fixed income securities. The fund may also invest in exchange traded products ("ETPs"). It is non-diversified.
US ETF data is for educational purposes only. Past performance does not guarantee future returns. Exchange-traded funds carry market risk and may lose value. Read the prospectus and consult a registered investment advisor before investing. Equiscale does not provide investment advice.