State Street's PRIV Misses Mark on Private Credit Promise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 08 2025
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Source: Yahoo Finance
ETF Overview: The SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) has received SEC approval to exceed the typical 15% limit on illiquid securities but currently holds only 5% in private credit, with most assets in liquid public securities, making it less differentiated from conventional fixed-income ETFs.
Liquidity and Yield Comparison: PRIV's portfolio is predominantly liquid, with over 75% classified as such, resulting in a lower yield of 5.44% compared to other private credit ETFs like BIZD and PCMM, which offer higher yields due to their different asset compositions.
Analyst Views on PRIV
Wall Street analysts forecast PRIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.419
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Current: 25.419
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
