Short-duration SPDR bond ETF launches

|About: SPDR SSgA Ultra Short T... (ULST)|By:, SA News Editor

The SSgA Ultra Short Term Bond ETF (ULST) started trading this morning - according the the prospectus this ETF seeks to provide current income consistent with preservation of capital and daily liquidity through investments in short duration, high quality bonds across the market.

With an expense ratio of .20%, ULST is in the middle of the ultra short market expense scale with investor favorite, MINT, costing .35% while the also popular BIL charges just .13%.

Relevant bond ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC, ILTB, ISTB, GIY, GBF, GVI, BIV, BLV, BSV, FWDB.