SPDR® Bloomberg Barclays Investment Grade Floating Rate ETF FLRN

Important Risk Disclosure

NAV

NAV

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

$30.58

as of Sep 24 2020

Base Currency

USD

Assets Under Management

$2,485.85 M

as of Sep 24 2020

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.

0.15%


Key Features

Key Features

  • The SPDR® Bloomberg Barclays Investment Grade Floating Rate ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index (the "Index")
  • Seeks to provide exposure to debt instruments that pay a variable coupon rate, a majority of which are based on the 3-month LIBOR, with a fixed spread
  • Securities in the Index must have a maturity of more than one month and less than five years, and $300 million or more of outstanding face value
  • Rebalanced on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index consists of debt instruments that pay a variable coupon rate, a majority of which are based on the 3-month LIBOR, with a fixed spread. The Index may include U.S. registered, dollar denominated bonds of non-U.S. corporations, governments and supranational entities. Excluded from the Index are fixed rate bullet bonds, fixed-rate puttable and fixed-rate callable bonds, fixed rate and fixed to floating capital securities, bonds with equity-linked features (e.g. warrants and convertibles), inflation linked bonds and securitized bonds. The Index is market capitalization weighted and the securities in the Index are updated on the last calendar day of each month.


Fund Information as of Sep 24 2020

Fund Information as of Sep 24 2020
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 Investment Manager Management Team
Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Nov 30 2011 No 0.15% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index
Inception Date Nov 30 2011
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.

0.15%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Sep 24 2020

Listing Information as of Sep 24 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Dec 01 2011 USD FLRN 78468R200 US78468R2004
Exchange NYSE ARCA EXCHANGE
Listing Date Dec 01 2011
Trading Currency USD
Ticker FLRN
CUSIP 78468R200
ISIN US78468R2004

Fund Characteristics as of Sep 24 2020

Fund Characteristics as of Sep 24 2020
Number of Holdings Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

Average Price Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

496 0.93% 1.53 $99.04 0.59% 0.92% 0.14 years
Number of Holdings 496
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

0.93%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

1.53
Average Price $99.04
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

0.59%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

0.92%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

0.14 years
Option Adjusted Spread Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

47.15 0.64%
Option Adjusted Spread 47.15
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

0.64%

Index Characteristics as of Sep 24 2020

Index Characteristics as of Sep 24 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
498 0.95% 1.50 $100.41 0.60% 0.94% 0.14 years
Number of Holdings 498
Average Coupon 0.95%
Average Maturity in Years 1.50
Average Price $100.41
Average Yield To Worst 0.60%
Current Yield 0.94%
Option Adjusted Duration 0.14 years
Option Adjusted Spread Yield to Maturity
47.84 0.64%
Option Adjusted Spread 47.84
Yield to Maturity 0.64%

Yields as of Sep 24 2020

Yields as of Sep 24 2020
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 Dividend Yield

Fund Dividend Yield

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

0.47% - 1.84%
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.

0.47%
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 Dividend Yield

Fund Dividend Yield

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

1.84%

Fund Market Price as of Sep 24 2020

Fund Market Price as of Sep 24 2020
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)

$30.58 $30.57 $30.59 $30.57 41,548 0.00%
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.

$30.58
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$30.57
Day High $30.59
Day Low $30.57
Exchange Volume (Shares)

Exchange Volume (shares)

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

41,548
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)

0.00%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    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 Sep 24 2020

    Fund Net Cash Amount as of Sep 24 2020
    Net Cash Amount
    -$408,455.09
    Net Cash Amount -$408,455.09

    Fund Net Asset Value as of Sep 24 2020

    Fund Net Asset Value as of Sep 24 2020
    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
    $30.58 81.30 M $2,485.85 M
    NAV

    NAV

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

    $30.58
    Shares Outstanding 81.30 M
    Assets Under Management $2,485.85 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Nov 30 2011

    as of Aug 31 2020

    as of Jun 30 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 30 2011
    Fund Before Tax
    NAV Aug 31 2020 0.19% 0.53% 0.55% 1.56% 2.19% 1.89% - 1.65%
    Market Value Aug 31 2020 0.19% 0.53% 0.52% 1.60% 2.19% 1.96% - 1.66%
    Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Aug 31 2020 0.20% 0.55% 0.98% 2.06% 2.51% 2.13% 1.64% 1.90%
    Fund After Tax
    Return after Taxes on Distributions Aug 31 2020 0.16% 0.46% 0.16% 0.73% 1.23% 1.12% - 1.06%
    Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2020 0.11% 0.31% 0.33% 0.92% 1.26% 1.11% - 1.01%
    Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Aug 31 2020 0.20% 0.55% 0.98% 2.06% 2.51% 2.13% 1.64% 1.90%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 30 2011
    Fund Before Tax
    NAV Jun 30 2020 0.63% 3.06% 0.03% 1.52% 2.12% 1.77% - 1.62%
    Market Value Jun 30 2020 0.58% 4.06% -0.01% 1.55% 2.09% 1.72% - 1.63%
    Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Jun 30 2020 0.67% 3.18% 0.43% 2.02% 2.44% 2.02% 1.64% 1.88%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 0.59% 2.87% -0.30% 0.56% 1.14% 1.01% - 1.03%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 0.38% 1.81% 0.02% 0.90% 1.20% 1.02% - 0.99%
    Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Jun 30 2020 0.67% 3.18% 0.43% 2.02% 2.44% 2.02% 1.64% 1.88%

    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: 0.15%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Sep 24 2020
    Index Top Holdingsas of Sep 24 2020

    Fund Top Holdings as of Sep 24 2020

    Name Market Value ISIN Weight
    STATE ST INST US GOV MM-G 0 00/00/0000 57,749,131.72 US8574924663 2.31%
    ASIAN DEVELOPMENT BANK 0.26 12/15/2021 30,356,665.03 US045167CU55 1.21%
    INTER-AMERICAN DEVEL BK 0.275 01/15/2022 23,407,777.25 US45818WBA36 0.93%
    MORGAN STANLEY 1.452 01/20/2022 22,419,772.53 US61746BEE20 0.90%
    NEDER WATERSCHAPSBANK 0.259 11/10/2020 19,167,729.86 US63983TBQ76 0.77%
    MORGAN STANLEY 1.664 10/24/2023 18,277,757.18 US61746BEC63 0.73%
    WELLS FARGO & COMPANY 1.179 02/11/2022 18,114,869.25 US949746SP73 0.72%
    AT&T INC 1.43 06/12/2024 18,112,341.40 US00206RGD89 0.72%
    JPMORGAN CHASE & CO 1.494 10/24/2023 18,035,200.83 US46625HRW24 0.72%
    GOLDMAN SACHS GROUP INC 0.999 02/23/2023 17,942,582.44 US38141GWU48 0.72%

    Index Top Holdings as of Sep 24 2020

    Name ISIN Weight
    ASIAN DEVELOPMENT BANK .2604 12/15/2021 US045167CU55 1.23%
    INTER-AMERICAN DEVEL BK .275 01/15/2022 US45818WBA36 0.88%
    MORGAN STANLEY 1.4518 01/20/2022 US61746BEE20 0.85%
    NEDER WATERSCHAPSBANK .3204 12/15/2021 US63983TBT16 0.85%
    GOLDMAN SACHS GROUP INC 1.0061 02/23/2023 US38141GWU48 0.75%
    MORGAN STANLEY 1.6635 10/24/2023 US61746BEC63 0.72%
    INTL BK RECON & DEVELOP .5325 02/11/2021 US45905UUZ55 0.64%
    ASIAN DEVELOPMENT BANK .4273 06/16/2021 US045167DP51 0.61%
    INTER-AMERICAN DEVEL BK .475 07/15/2021 US45818WBM73 0.59%
    JPMORGAN CHASE & CO 1.4935 10/24/2023 US46625HRW24 0.58%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Sep 24 2020
    Index Sector Breakdownas of Sep 24 2020

    Fund Sector Breakdown as of Sep 24 2020

    Sector Weight
    Corporate - Finance 55.97%
    Corporate - Industrial 25.70%
    Non Corporates - Supranationals 8.64%
    Non Corporates - Foreign Agency 5.70%
    Corporate - Utility 2.30%
    Cash 1.37%
    Non Corporates - Foreign Local Govt 0.32%

    Index Sector Breakdown as of Sep 24 2020

    Sector Weight
    Corporate - Finance 57.01%
    Corporate - Industrial 25.65%
    Non Corporates - Supranationals 8.79%
    Non Corporates - Foreign Agency 6.19%
    Corporate - Utility 2.01%
    Non Corporates - Foreign Local Govt 0.35%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Sep 24 2020
    Index Quality Breakdownas of Sep 24 2020

    Fund Quality Breakdown as of Sep 24 2020

    Name Weight
    Aaa 14.55%
    Aa 16.52%
    A 50.39%
    Baa 18.54%

    Index Quality Breakdown as of Sep 24 2020

    Name Weight
    Aaa 13.67%
    Aa 16.72%
    A 50.99%
    Baa 18.62%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Sep 24 2020
    Index Maturity Ladderas of Sep 24 2020

    Fund Maturity Ladder as of Sep 24 2020

    Name Weight
    0 - 1 Year 38.38%
    1 - 2 Years 31.21%
    2 - 3 Years 18.55%
    3 - 5 Years 11.86%

    Index Maturity Ladder as of Sep 24 2020

    Name Weight
    0 - 1 Year 36.79%
    1 - 2 Years 32.62%
    2 - 3 Years 17.86%
    3 - 5 Years 12.74%

    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 Bloomberg Barclays Investment Grade Floating Rate 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®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.