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    SPDR® SSGA Fixed Income Sector Rotation ETF FISR

    Important Risk Disclosure

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    Actively managed ETFs do not seek to replicate the performance of a specified index. Because the SPDR SSGA Active Asset Allocation ETFs are actively managed, they are therefore subject to the risk that the investments selected by SSGA may cause the ETFs to underperform relative to their benchmarks or other funds with similar investment objectives.

    The values of debt securities may decrease as a result of many factors, including, by way of example, general market fluctuations; increases in interest rates; actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments; illiquidity in debt securities markets; and prepayments of principal, which often must be reinvested in obligations paying interest at lower rates.

    Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

    Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

    Intellectual Property Information: Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $31.12

    as of Nov 26 2021

    Base Currency

    USD

    Assets Under Management

    $114.82 M

    as of Nov 26 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.50%

    Quick Links

    Key Features

    Key Features

    • The SPDR SSGA Fixed Income Sector Rotation ETF seeks to provide excess return by tactically allocating among income and yield-generating ETFs based on a proprietary process that combines quantitative and qualitative analysis
    • The fund primarily invests in ETFs that focus on one or more of the following sectors of the fixed income market: bonds issued by U.S. government or agency, treasury inflation protected securities (TIPS), corporate bonds, mortgage-backed securities, high yield bonds, international (including emerging markets) government and corporate bonds, senior loans, floating rate notes, cash equivalents, etc.
    • The Fund invests at least 80% of its net assets in fixed income securities through ETFs
    • Typically rebalanced monthly, but rebalancing may occur more or less frequently depending on market conditions

    About this Benchmark

    About this Benchmark

    The Bloomberg U.S. Aggregate Bond Index (the "Index") is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's Financial Services, LLC, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Index is market capitalization weighted.

    Fund Information as of Nov 29 2021

    Fund Information as of Nov 29 2021
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Administrator Investment Manager
    Bloomberg U.S. Aggregate Bond Index Apr 02 2019 No 0.50% USD State Street Global Advisors Funds Management Inc. SSGA Funds Management, Inc.
    Benchmark Bloomberg U.S. Aggregate Bond Index
    Inception Date Apr 02 2019
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.50%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Management Team Distributor Distribution Frequency
    Investment Solutions Group (ISG) State Street Global Advisors Funds Distributors, LLC Monthly
    Management Team Investment Solutions Group (ISG)
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Nov 29 2021

    Listing Information as of Nov 29 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Apr 03 2019 USD FISR 78470P507 US78470P5070
    Exchange NYSE ARCA EXCHANGE
    Listing Date Apr 03 2019
    Trading Currency USD
    Ticker FISR
    CUSIP 78470P507
    ISIN US78470P5070

    Fund Characteristics as of Nov 26 2021

    Fund Characteristics as of Nov 26 2021
    Number of Holdings
    8
    Number of Holdings 8

    Yields as of Nov 26 2021

    Yields as of Nov 26 2021
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 Fund Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
    2.11% 2.01% 2.42%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 2.11%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 2.01%
    Fund Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 2.42%

    Fund Market Price as of Nov 26 2021

    Fund Market Price as of Nov 26 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $31.13 $31.14 $31.14 $31.01 617 0.04% 0.10%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $31.13
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $31.14
    Day High $31.14
    Day Low $31.01
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 617
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.04%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.10%
    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)
    Number of Days Summary
    Calendar Year 2020 First Quarter of 2021 Second Quarter of 2021 Third Quarter of 2021
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.

    		 185 28 25 25
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.

    		 68 33 38 39
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.
    Calendar Year 2020 185
    First Quarter of 2021 28
    Second Quarter of 2021 25
    Third Quarter of 2021 25
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.
    Calendar Year 2020 68
    First Quarter of 2021 33
    Second Quarter of 2021 38
    Third Quarter of 2021 39
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Nov 26 2021

    Fund Net Cash Amount as of Nov 26 2021
    Net Cash Amount
    $262,473.49
    Net Cash Amount $262,473.49

    Fund Net Asset Value as of Nov 26 2021

    Fund Net Asset Value as of Nov 26 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $31.12 3.69 M $114.82 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $31.12
    Shares Outstanding 3.69 M
    Assets Under Management $114.82 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Apr 02 2019
    Performance
    Month End Quarter End

    as of Oct 31 2021

    as of Sep 30 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 02 2019
    Fund Before Tax
    NAV Oct 31 2021 0.31% 0.31% -1.73% 0.25% - - - 4.10%
    Market Value Oct 31 2021 0.37% 0.37% -1.60% 0.32% - - - 4.12%
    Bloomberg U.S. Aggregate Bond Index Oct 31 2021 -0.03% -0.03% -1.58% -0.48% 5.63% 3.10% 3.00% 4.51%
    Fund After Tax
    Return after Taxes on Distributions Oct 31 2021 0.25% 0.25% -2.29% -0.72% - - - 2.98%
    Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2021 0.18% 0.18% -1.03% 0.15% - - - 2.67%
    Bloomberg U.S. Aggregate Bond Index Oct 31 2021 -0.03% -0.03% -1.58% -0.48% 5.63% 3.10% 3.00% 4.51%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 02 2019
    Fund Before Tax
    NAV Sep 30 2021 -1.12% -0.18% -2.03% -0.37% - - - 4.11%
    Market Value Sep 30 2021 -1.11% -0.17% -1.96% -0.48% - - - 4.11%
    Bloomberg U.S. Aggregate Bond Index Sep 30 2021 -0.87% 0.05% -1.55% -0.90% 5.36% 2.94% 3.01% 4.68%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2021 -1.18% -0.35% -2.53% -1.34% - - - 2.98%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 -0.67% -0.11% -1.20% -0.21% - - - 2.67%
    Bloomberg U.S. Aggregate Bond Index Sep 30 2021 -0.87% 0.05% -1.55% -0.90% 5.36% 2.94% 3.01% 4.68%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.50%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Holdingsas of Nov 26 2021
    Index Top Holdingsas of Nov 26 2021

    Fund Holdings as of Nov 26 2021

    Name Ticker Shares Held Market Value Weight
    SPDR Portfolio Long Term Corporate Bond ETF SPLB 943,497 29,937,160.00 25.86%
    SPDR Portfolio Mortgage Backed Bond ETF SPMB 1,149,654 29,281,688.00 25.29%
    SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 488,559 17,632,094.00 15.23%
    SPDR Portfolio Intermediate Term Treasury ETF SPTI 413,001 13,269,722.00 11.46%
    SPDR Bloomberg 1-3 Month T-Bill ETF BIL 120,417 11,009,726.00 9.51%
    SPDR Portfolio Long Term Treasury ETF SPTL 220,089 9,411,006.00 8.13%
    SPDR Bloomberg High Yield Bond ETF JNK 46,399 4,948,917.50 4.27%
    Ssga Fds/Usa State St Inst Us Gov M Oef 85749270 275,530 275,529.66 0.24%
    Download All Holdings: Daily

    Index Top Holdings as of Nov 26 2021

    Name Weight
    Fannie Mae Pool 2 05/25/2050 1.53%
    Fannie Mae Pool 2 03/25/2051 1.34%
    Freddie Mac 2 06/25/2050 1.31%
    Freddie Mac 2 04/25/2051 1.26%
    Fannie Mae Pool 2.5 02/25/2050 1.10%
    Fannie Mae Pool 2.5 04/25/2051 0.95%
    Ginnie Mae II Pool 2 12/20/2050 0.81%
    Freddie Mac 2.5 04/25/2051 0.79%
    Freddie Mac 2.5 02/25/2050 0.75%
    Ginnie Mae II Pool 2.5 03/20/2050 0.70%

    Sector Allocation

    Sector Allocation
    Sector Breakdownas of Nov 26 2021
    Index Sector Breakdownas of Nov 26 2021

    Sector Breakdown as of Nov 26 2021

    Sector Weight
    US Corporate Long Maturity 25.86%
    Mortgage Backed Securities 25.29%
    US Corporate Intermediate Maturity 15.23%
    US Treasury Intermediate Maturity 11.46%
    US Treasury Bill 9.51%
    US Treasury Long Maturity 8.13%
    High Yield 4.27%
    Unassigned 0.24%

    Index Sector Breakdown as of Nov 26 2021

    Sector Weight
    Treasury 38.60%
    Mortgage Backed Securities 27.56%
    CORPORATE - INDUSTRIAL 15.64%
    Corporate - Finance 8.17%
    Corporate - Utility 2.13%
    CMBS 2.03%
    Non Corporates - Supranationals 1.41%
    Agency 1.34%
    Non Corporates - Sovereigns 1.04%
    Non Corporates - Foreign Local Govt 0.99%
    Non Corporates - Foreign Agency 0.83%
    Asset Backed Securities 0.29%
    Fund Documents
    Tax Documents

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR SSGA Fixed Income Sector Rotation ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    "Bloomberg®" and Bloomberg U.S. Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR® SSGA Fixed Income Sector Rotation ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® SSGA Fixed Income Sector Rotation ETF.

    Prior to 8/24/2021, the Bloomberg U.S. Aggregate Bond Index was known as the Bloomberg Barclays U.S. Aggregate Bond Index.

    View More Information About Our Firm: FINRA's BrokerCheck 

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
     

    Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
     

    Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA , SIPC,  an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
     

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    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
      

    Not FDIC Insured * No Bank Guarantee * May Lose Value            

                          

    2731941.5.1.AM.RTL

     

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