PRSD was created on 2025-09-09 by SPDR. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 63.55m in AUM and 157 holdings. PRSD is designed to provide diversified, actively managed exposure to investment-grade USD denominated, public and private credit. The average portfolio duration is expected to be between 1-3 years. The fund has a contractual agreement with Apollo Global Securities to provide intra-day pricing on private credit holdings.