PRAB ETF — State Street IG Public & Private ABS ETF

State Street IG Public & Private ABS ETF (PRAB)

PRAB is a low-cost ETF. As of August 19, 2026, its distribution rate is 5.01%, its trailing-12-month yield is 1.90%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 1.3% over the past 0.4 years, 12.8 points behind SPY at 14.1%.

At the current 5.01% distribution rate, a $10,000 investment would generate approximately $501 per year, or $41.75 per month on an equivalent basis.

State Street IG Public & Private ABS ETF provides exposure to investment-grade asset-backed securities through a blend of publicly traded and private ABS instruments, offering fixed income investors access to diversified securitized credit markets. The fund distributes income monthly and operates as a fixed income strategy within the asset-backed securities category. This ETF appeals to income-focused investors seeking regular distributions and exposure to the ABS market segment, as well as those looking to diversify their fixed income allocations beyond traditional bonds.

PRAB performance versus SPY

Data as of August 19, 2026.

Fund total return is 1.3% over the past 0.4 years, 12.8 points behind SPY at 14.1%.

PRAB key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

State Street

Asset type

ETF

Asset class

Fixed Income

Distribution rate

5.01%

Distribution frequency

Monthly

Trailing yield

1.90%

Last close

$24.92

AUM

$24,847,885

Average volume

325.0

Last dividend

$0.1040

Ex-dividend date

08/03/2026

Payment date

08/06/2026

How Dividend Vision calculates yield and returns

Distribution rate (5.01%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.90%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: State Street; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PRAB risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider PRAB — and who may not

PRAB may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from State Street.