SPDR® Bloomberg Emerging Markets USD Bond ETF EMHC

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.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall). There are additional risks for funds that invest in mortgage-backed and asset-backed securities including the risk of issuer default; credit risk and inflation risk.

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.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

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.

$29.36

as of Nov 29 2021

Base Currency

USD

Assets Under Management

$176.14 M

as of Nov 29 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.

0.23%

Quick Links

Key Features

Key Features

  • The SPDR® Bloomberg Emerging Markets USD Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Emerging USD Bond Core Index (the "Index")
  • Designed to provide broad exposure to fixed-rate US dollar-denominated debt issued by sovereign and quasi-sovereign (government owned and government guaranteed) emerging market issuers
  • May be used to seek income with diversification benefits for a fixed income portfolio

  • About this Benchmark

    About this Benchmark

    The Bloomberg Emerging USD Bond Core Index is designed to measure the performance of fixed-rate US dollar-denominated debt issued by sovereign and quasi-sovereign (government owned and government guaranteed) emerging market issuers. The Index includes bonds with a minimum par outstanding amount of $500 million, a remaining maturity of at least two years and an original maturity greater than 5 years. The index employs a 5% country cap (by amount outstanding) and includes both a rating floor and cap. The Index is rebalanced and reconstituted monthly on the last business day of the month.


    Fund Information as of Nov 30 2021

    Fund Information as of Nov 30 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 Emerging USD Bond Core Index Apr 06 2021 Yes 0.23% USD State Street Global Advisors Funds Management Inc. SSGA Funds Management, Inc.
    Benchmark Bloomberg Emerging USD Bond Core Index
    Inception Date Apr 06 2021
    Options Available Yes
    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.

    0.23%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Management Team Distributor Distribution Frequency
    Fixed Income, Currency & Cash Investments Team State Street Global Advisors Funds Distributors, LLC Monthly
    Management Team Fixed Income, Currency & Cash Investments Team
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Nov 30 2021

    Listing Information as of Nov 30 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Apr 07 2021 USD EMHC 78468R515 US78468R5155
    Exchange NYSE ARCA EXCHANGE
    Listing Date Apr 07 2021
    Trading Currency USD
    Ticker EMHC
    CUSIP 78468R515
    ISIN US78468R5155

    Fund Characteristics as of Nov 29 2021

    Fund Characteristics as of Nov 29 2021
    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.

    389 5.29% 13.39 $105.09 4.66% 5.09% 8.25 years
    Number of Holdings 389
    Average Coupon

    Average Coupon

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

    5.29%
    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.

    13.39
    Average Price $105.09
    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.

    4.66%
    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.

    5.09%
    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.

    8.25 years
    Option Adjusted Spread Real Adjusted Duration

    Real Adjusted Duration

    A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

    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.

    324.96 8.20 years 4.66%
    Option Adjusted Spread 324.96
    Real Adjusted Duration

    Real Adjusted Duration

    A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

    8.20 years
    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.

    4.66%

    Index Characteristics as of Nov 29 2021

    Index Characteristics as of Nov 29 2021
    Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield
    981 5.25% 13.32 $105.32 4.54% 1.27% 5.05%
    Number of Holdings 981
    Average Coupon 5.25%
    Average Maturity in Years 13.32
    Average Price $105.32
    Average Yield To Worst 4.54%
    Convexity 1.27%
    Current Yield 5.05%
    Option Adjusted Duration Option Adjusted Spread Real Adjusted Duration Yield to Maturity
    8.21 years 313.69 8.15 years 4.54%
    Option Adjusted Duration 8.21 years
    Option Adjusted Spread 313.69
    Real Adjusted Duration 8.15 years
    Yield to Maturity 4.54%

    Fund Market Price as of Nov 29 2021

    Fund Market Price as of Nov 29 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.

    $29.42 - - - 0 0.22% 0.07%
    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.

    $29.42
    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.

    0
    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)

    0.22%
    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.

    0.07%
    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.

    - - 57 56
    Days Traded at Discount

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

    - - 3 8
    Days Traded at Premium

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

    Calendar Year 2020 -
    First Quarter of 2021 -
    Second Quarter of 2021 57
    Third Quarter of 2021 56
    Days Traded at Discount

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

    Calendar Year 2020 -
    First Quarter of 2021 -
    Second Quarter of 2021 3
    Third Quarter of 2021 8
    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.

    Premium/discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter.

    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 29 2021

    Fund Net Cash Amount as of Nov 29 2021
    Net Cash Amount
    $2,301,030.57
    Net Cash Amount $2,301,030.57

    Fund Net Asset Value as of Nov 29 2021

    Fund Net Asset Value as of Nov 29 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
    $29.36 6.00 M $176.14 M
    NAV

    NAV

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

    $29.36
    Shares Outstanding 6.00 M
    Assets Under Management $176.14 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Apr 06 2021

    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 06 2021
    Fund Before Tax
    NAV Oct 31 2021 0.03% 0.03% - - - - - 2.02%
    Market Value Oct 31 2021 0.10% 0.10% - - - - - 2.21%
    Bloomberg Emerging USD Bond Core Index Oct 31 2021 0.07% 0.07% -1.95% 4.13% - - - 2.13%
    Fund After Tax
    Return after Taxes on Distributions Oct 31 2021 -0.11% -0.11% - - - - - 1.25%
    Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2021 0.02% 0.02% - - - - - 1.20%
    Bloomberg Emerging USD Bond Core Index Oct 31 2021 0.07% 0.07% -1.95% 4.13% - - - 2.13%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 06 2021
    Fund Before Tax
    NAV Sep 30 2021 -2.27% -0.91% - - - - - 1.99%
    Market Value Sep 30 2021 -2.51% -1.20% - - - - - 2.11%
    Bloomberg Emerging USD Bond Core Index Sep 30 2021 -2.16% -0.78% -2.02% 4.32% - - - 2.06%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2021 -2.40% -1.30% - - - - - 1.36%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 -1.34% -0.54% - - - - - 1.18%
    Bloomberg Emerging USD Bond Core Index Sep 30 2021 -2.16% -0.78% -2.02% 4.32% - - - 2.06%

    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: 0.23%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Nov 29 2021

    Fund Top Holdings as of Nov 29 2021

    Name Market Value ISIN Weight
    REPUBLIC OF TURKEY 6.375 10/14/2025 2,113,059.38 US900123CZ18 1.20%
    DOMINICAN REPUBLIC 6 07/19/2028 1,909,825.33 USP3579ECB13 1.08%
    REPUBLIC OF PERU 5.625 11/18/2050 1,888,472.25 US715638BM30 1.07%
    CODELCO INC 3.7 01/30/2050 1,675,443.92 USP3143NBF08 0.95%
    GAZPROM PJSC (GAZ FN) 3.25 02/25/2030 1,554,617.78 XS2124187571 0.88%
    REPUBLIC OF PANAMA 4.5 04/01/2056 1,497,874.00 US698299BM53 0.85%
    SAUDI INTERNATIONAL BOND 3.25 10/26/2026 1,494,302.83 XS1508675417 0.85%
    EXPORT-IMPORT BK INDIA 3.375 08/05/2026 1,437,760.12 US30216KAA07 0.81%
    BANK OF CHINA 5 11/13/2024 1,315,550.67 US06120TAA60 0.75%
    OMAN GOV INTERNTL BOND 6 08/01/2029 1,271,108.00 XS1944412748 0.72%
    Download All Holdings: Daily

    Index Top Holdings as of Nov 29 2021

    Name ISIN Weight
    RUSSIAN FEDERATION 5.25 06/23/2047 RU000A0JXU14 0.93%
    REPUBLICA ORIENT URUGUAY 5.1 06/18/2050 US760942BA98 0.56%
    RUSSIAN FEDERATION 5.1 03/28/2035 RU000A1006S9 0.49%
    REPUBLIC OF COLOMBIA 5 06/15/2045 US195325CU73 0.45%
    RUSSIAN FEDERATION 12.75 06/24/2028 XS0088543193 0.43%
    RUSSIAN FEDERATION 5.625 04/04/2042 XS0767473852 0.41%
    REPUBLIC OF PERU 2.783 01/23/2031 US715638DF60 0.40%
    FED REPUBLIC OF BRAZIL 4.25 01/07/2025 US105756BV13 0.40%
    PETRONAS CAPITAL LTD 4.55 04/21/2050 USY68856AV83 0.37%
    REPUBLIC OF PERU 5.625 11/18/2050 US715638BM30 0.37%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Nov 29 2021
    Index Sector Breakdownas of Nov 29 2021

    Fund Sector Breakdown as of Nov 29 2021

    Sector Weight
    Non Corporates 99.70%
    Cash 0.30%

    Index Sector Breakdown as of Nov 29 2021

    Sector Weight
    Non Corporates 100.00%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Nov 29 2021
    Index Quality Breakdownas of Nov 29 2021

    Fund Quality Breakdown as of Nov 29 2021

    Name Weight
    Aaa 0.30%
    Aa 0.16%
    A 14.65%
    Baa 36.96%
    Below BAA 47.83%
    Not Rated 0.11%

    Index Quality Breakdown as of Nov 29 2021

    Name Weight
    A 16.79%
    Baa 36.54%
    Below BAA 46.67%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Nov 29 2021
    Index Maturity Ladderas of Nov 29 2021

    Fund Maturity Ladder as of Nov 29 2021

    Name Weight
    0 - 1 Year 0.30%
    1 - 2 Years 3.35%
    2 - 3 Years 5.59%
    3 - 5 Years 15.01%
    5 - 7 Years 15.08%
    7 - 10 Years 18.72%
    10 - 15 Years 8.21%
    15 - 20 Years 3.73%
    20 - 30 Years 25.74%
    > 30 Years 4.27%

    Index Maturity Ladder as of Nov 29 2021

    Name Weight
    2 - 3 Years 7.61%
    3 - 5 Years 17.90%
    5 - 7 Years 13.92%
    7 - 10 Years 18.26%
    10 - 15 Years 8.77%
    15 - 20 Years 5.00%
    20 - 30 Years 23.50%
    > 30 Years 5.04%

    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 Emerging Markets USD Bond 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.

    SSGA Funds Management, Inc. (“SSGA FM”) serves as the investment adviser to the Fund. State Street Global Advisors Limited, an affiliate of the SSGA FM, serves as investment sub-adviser to the Fund.

    Prior to 10/31/2021, the SPDR Bloomberg Emerging Markets USD Bond ETF was known as the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF.

    Prior to 8/24/2021, the Bloomberg Emerging USD Bond Core Index was known as the Bloomberg Barclays Emerging USD Bond Core Index.

    "Bloomberg®" and Bloomberg Emerging USD Bond Core 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 Bloomberg Emerging Markets USD Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg Emerging Markets USD Bond ETF.