State Street SPDR S&P Leveraged Loan ETF(LVLN · ETF)

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LVLN
Snapshot
Info

State Street SPDR S&P Leveraged Loan ETF (LVLN) ETF

Exchange
ARCX
Inception
2025-11-17
Has Options
No
ETF Profile
holdings as of 2026-07-23
Holdings
185
AUM
$49.4M
Provider
SPDR (State Street)
Inception
2025-11-17
Exchange
ARCX
Data As Of
2026-07-23
Expense Ratio
0.40%
Dividend Yield
4.30%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-07-01 2026-07-07 $0.1466 CD
2026-06-01 2026-06-04 $0.1524 CD
2026-05-01 2026-05-06 $0.1383 CD
2026-04-01 2026-04-06 $0.1729 CD
2026-03-02 2026-03-05 $0.1347 CD
2026-02-02 2026-02-05 $0.1935 CD
Asset Allocation
Top Holdings
top 50 of 185 holdings
Symbol Name Weight % Asset Class Country
Osaic Holdings, Inc Term B-1 Loans 07/30/2032 1.49% Corporate Bond
EG America LLC Initial Dollar Term Loans 02/10/2031 1.01% Corporate Bond
Delta 2 (Lux) S.a.r.l. Term Loan B 09/30/2031 1.00% Corporate Bond
Cushman & Wakefield U.S. Borrower, LLC Amendment No.14 Term Loan 06/13/2033 1.00% Corporate Bond
Bausch + Lomb Corporation 2025-2 Refinancing Term Loan 01/15/2031 1.00% Corporate Bond
Student Transportation of America Holdings, Inc. 2026-1 Refinancing Term B Loans 06/24/2032 1.00% Corporate Bond
Great Outdoors Group, LLC Term Loan B 01/23/2032 1.00% Corporate Bond
TK Elevator Midco GmbH Term Loan B-1 04/30/2030 1.00% Corporate Bond
Nouryon Finance B.V. 2026 Dollar Term Loan 07/08/2031 1.00% Corporate Bond
MRP BUYER LLC Closing Date Term Loan 06/04/2032 1.00% Corporate Bond
Star Parent Inc Term Loan 09/27/2030 1.00% Corporate Bond
Amneal Pharmaceuticals LLC Amendment No. 2 Term Loan 08/02/2032 1.00% Corporate Bond
Hunter Douglas Inc Tranche B-1 Term Loan 01/16/2032 1.00% Corporate Bond
FERTITTA ENTERTAINMENT, LLC Initial B Term Loan 01/29/2029 1.00% Corporate Bond
Gainwell Acquisition Corp. Term B Loan 10/01/2027 0.99% Corporate Bond
Scientific Games Holdings LP 2024 Refinancing Dollar Term Loans 04/04/2029 0.99% Corporate Bond
Zelis Payments Buyer Inc Amendment No. 5 Term Loans 11/26/2031 0.98% Corporate Bond
Clover Holdings 2 LLC Initial Floating Rate Term Loans 12/09/2031 0.98% Corporate Bond
Truist Insurance Holdings Inc Initial Term Loan 05/06/2032 0.97% Corporate Bond
US Fertility Enterprises, LLC Initial Term Loans 12/10/2032 0.96% Corporate Bond
FINASTRA USA, INC. Initial USD Term Loan 09/15/2032 0.95% Corporate Bond
Trident TPI Holdings, Inc. TRANCHE B-7 TERM LOAN 09/15/2028 0.95% Corporate Bond
Asurion, LLC New B-14 Term Loan 02/23/2033 0.94% Corporate Bond
Acrisure, LLC Term B6 11/06/2030 0.93% Corporate Bond
Savor Acquisition Inc. Initial Term Loan 02/19/2032 0.91% Corporate Bond
McAfee Corp Tranche B-1 Term Loans 03/01/2029 0.90% Corporate Bond
Polaris Newco LLC Dollar Term Loan 06/02/2028 0.89% Corporate Bond
CLOUD SOFTWARE GROUP INC Initial Dollar Term B Loans 08/16/2032 0.89% Corporate Bond
First Eagle Holdings, Inc. Initial Term Loans 08/16/2032 0.85% Corporate Bond
Ahlstrom Oyj Additional Facility B2 05/23/2030 0.80% Corporate Bond
Albion Financing 3 SARL 2025 Amended US Dollar Term Loans 05/21/2031 0.80% Corporate Bond
Project Alpha Intermediate Holding, Inc. Second Amendment Refinancing Term Loans 10/28/2030 0.78% Corporate Bond
BCPE HIPH Parent, Inc. Initial Term Loan 07/05/2033 0.73% Corporate Bond
Hudson River Trading LLC Term B-2 Loan 03/18/2030 0.70% Corporate Bond
KASEYA INC. Initial Term Loans 03/21/2033 0.62% Corporate Bond
Curium BidCo S.A.R.L 2025 Additional Term Loan 08/06/2031 0.60% Corporate Bond
Columbus McKinnon Corporation Initial Term Loan 02/03/2033 0.53% Corporate Bond
CoreWeave Financing DDTL V LLC Delayed Draw Loan Commitment 11/17/2031 0.51% Corporate Bond
OakEagle AcquireCo Inc Term Loan B-1 03/23/2033 0.50% Corporate Bond
Venture Global Calcasieu Pass, LLC Initial Term Loans 04/11/2033 0.50% Corporate Bond
Pioneer OpCo, LLC Term Loan B 05/16/2033 0.50% Corporate Bond
Crescent Midstream Operating LLC Initial Term Loans 02/18/2033 0.50% Corporate Bond
Engineered Machinery Holdings, Inc. 2026 USD Refinancing Term Loans 11/26/2032 0.50% Corporate Bond
Crown Subsea Communications Holding, Inc. 2026 Term Loan 01/30/2031 0.50% Corporate Bond
Catawba Nation Gaming Authority Initial Term B Loans 03/29/2032 0.50% Corporate Bond
BELDEN INC Initial Term Loans 07/01/2033 0.50% Corporate Bond
Onex TSG Intermediate Corp. Term Loan C 08/06/2032 0.50% Corporate Bond
Saratoga Food Specialties LLC Additional Term Facility 13 09/13/2032 0.50% Corporate Bond
Modern Aviation FBO Holdings LLC Initial Term Loan 06/30/2033 0.50% Corporate Bond
NGL Energy Operating LLC Initial Term Loans 03/11/2033 0.50% Corporate Bond
Non-Equity Breakdown
State Street(R) SPDR(R) S&P(R) Leveraged Loan ETF · NPORT-P period 2026-12-31 (filed 2026-05-28)
Net assets: $44M · 171 total positions · equity 0.00% · non-equity 106.04%
Non-equity holdings — 171 positions, 106.04% of NAV
Category Weight Value Positions
Corporate 101.40% $45.0M 161
Short-term investment 2.23% $991656 2
Corporate 1.85% $820592 7
Loan 0.56% $250000 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan -0.04% 1
Feb -1.92% 1
Mar +1.02% 1
Apr +1.10% 1
May +0.57% 1
Jun -0.16% 1
Jul +0.51% 1
Aug 0
Sep 0
Oct 0
Nov -0.02% 1
Dec +0.81% 1
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $24.66
SMA 50: $24.70
SMA 200:
Current: $24.73
EMA 12: $24.68
EMA 26: $24.67
MACD: 0.0088 | Signal: 0.0114
BEARISH
ADX (14): 20.79
WEAK TREND
+DI: 48.98
−DI: 24.48
Momentum Oscillators
RSI (14): 59.64
NEUTRAL
Stoch %K: 87.56
Stoch %D: 79.38
Williams %R: -2.83
Volume & Volatility
BB Upper: $24.74
BB Lower: $24.58
NEUTRAL
OBV: -209,461
Vol SMA 20: 10,395
Vol ROC: 64.71%
ATR: $0.04
True Range: $0.02
HV 20: 1.6%
HV 30: 1.6%
HV 60: 2.4%

Data Summary
Data Points: 168
Last Updated:
Date Range: 2025-11-18T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
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Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.07
Correlation (SPY)
29.7%
0.09
Ann. Volatility
3.0%
SPY Volatility
13.4%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month