SPDR® DoubleLine® Short Duration Total Return Tactical ETF STOT

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.

$49.74

as of Sep 24 2020

Base Currency

USD

Assets Under Management

$144.25 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.

0.50%


Key Features

Key Features

  • The SPDR® DoubleLine® Short Duration Total Return Tactical ETF seeks to maximize current income with a dollar-weighted average effective duration between one and three years (the "Index")
  • Provides actively managed exposure to short duration fixed income with a dollar weighted average effective duration between one and three years
  • Combines traditional and non-traditional fixed income asset classes with the goal of maximizing current income through active sector allocation and security selection
  • Seeks to outperform the benchmark, in part by exploiting mispriced areas of the bond market while also including asset classes not included in the index such as high yield bonds and emerging markets debt

About this Benchmark

About this Benchmark

The Bloomberg Barclays U.S. Aggregate 1-3 Year Index provides a measure of the performance of the U.S. dollar denominated investment grade bond market that have a remaining maturity of greater than or equal to 1 year and less than 3 years. The index includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody's Investor Service, Inc., Standard & Poor's, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and asset backed securities that are publicly for sale in the United States.


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.

Net Expense Ratio

^ SSGA Funds Management, Inc. ("SSGA FM" or "Adviser") has contractually agreed to waive its management fee and/or reimburse certain expenses, until October 31, 2020, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.45% of the Fund's average daily net assets. The contractual fee waiver and/or reimbursement does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and after October 31, 2020, the waiver and/or reimbursement may be cancelled or modified at any time. This waiver and/or reimbursement may not be terminated prior to October 31, 2020 except with the approval of the SSGA Active Trust's Board of Trustees.

Base Currency Sub-advisor
Bloomberg Barclays U.S. Aggregate 1-3 Year Index Apr 13 2016 No 0.50% 0.45% USD DoubleLine Capital LP
Benchmark Bloomberg Barclays U.S. Aggregate 1-3 Year Index
Inception Date Apr 13 2016
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%
Net Expense Ratio

^ SSGA Funds Management, Inc. ("SSGA FM" or "Adviser") has contractually agreed to waive its management fee and/or reimburse certain expenses, until October 31, 2020, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.45% of the Fund's average daily net assets. The contractual fee waiver and/or reimbursement does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and after October 31, 2020, the waiver and/or reimbursement may be cancelled or modified at any time. This waiver and/or reimbursement may not be terminated prior to October 31, 2020 except with the approval of the SSGA Active Trust's Board of Trustees.

0.45%
Base Currency USD
Sub-advisor DoubleLine Capital LP
Investment Manager Distributor Distribution Frequency
SSGA Funds Management, Inc. State Street Global Advisors Funds Distributors, LLC Monthly
Investment Manager SSGA Funds Management, Inc.
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
Bats Global Markets Apr 14 2016 USD STOT 78470P200 US78470P2002
Exchange Bats Global Markets
Listing Date Apr 14 2016
Trading Currency USD
Ticker STOT
CUSIP 78470P200
ISIN US78470P2002

Fund Characteristics as of Sep 25 2020

Fund Characteristics as of Sep 25 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.

445 2.00% 2.28 $101.19 1.05% 2.10% 1.51 years
Number of Holdings 445
Average Coupon

Average Coupon

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

2.00%
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.

2.28
Average Price $101.19
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.

1.05%
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.

2.10%
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.

1.51 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.

81.99 1.08%
Option Adjusted Spread 81.99
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.

1.08%

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
2,649 2.35% 2.00 $103.79 0.37% 2.24% 1.57 years
Number of Holdings 2,649
Average Coupon 2.35%
Average Maturity in Years 2.00
Average Price $103.79
Average Yield To Worst 0.37%
Current Yield 2.24%
Option Adjusted Duration 1.57 years
Option Adjusted Spread Yield to Maturity
16.33 0.39%
Option Adjusted Spread 16.33
Yield to Maturity 0.39%

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.

0.89% 0.84% 2.01%
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.

0.89%
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.

0.84%
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.

2.01%

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)

$49.72 $49.72 $49.73 $49.71 3,468 -0.03%
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.

$49.72
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$49.72
Day High $49.73
Day Low $49.71
Exchange Volume (Shares)

Exchange Volume (shares)

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

3,468
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)

-0.03%

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
    $5,152,242.75
    Net Cash Amount $5,152,242.75

    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
    $49.74 2.90 M $144.25 M
    NAV

    NAV

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

    $49.74
    Shares Outstanding 2.90 M
    Assets Under Management $144.25 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Apr 13 2016

    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
    Apr 13 2016
    Fund Before Tax
    NAV Aug 31 2020 0.24% 0.80% 1.88% 2.59% 2.40% - - 2.28%
    Market Value Aug 31 2020 0.19% 0.78% 1.94% 2.41% 2.32% - - 2.28%
    Bloomberg Barclays U.S. Aggregate 1-3 Year Index Aug 31 2020 0.02% 0.17% 2.86% 3.40% 2.72% 2.11% 1.59% 2.19%
    Fund After Tax
    Return after Taxes on Distributions Aug 31 2020 0.19% 0.70% 1.42% 1.71% 1.43% - - 1.29%
    Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2020 0.14% 0.48% 1.11% 1.52% 1.41% - - 1.30%
    Bloomberg Barclays U.S. Aggregate 1-3 Year Index Aug 31 2020 0.02% 0.17% 2.86% 3.40% 2.72% 2.11% 1.59% 2.19%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 13 2016
    Fund Before Tax
    NAV Jun 30 2020 0.56% 2.90% 1.07% 2.43% 2.34% - - 2.18%
    Market Value Jun 30 2020 0.47% 2.94% 1.15% 2.22% 2.44% - - 2.19%
    Bloomberg Barclays U.S. Aggregate 1-3 Year Index Jun 30 2020 0.14% 0.88% 2.68% 4.00% 2.82% 2.08% 1.62% 2.24%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 0.50% 2.70% 0.72% 1.47% 1.36% - - 1.18%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 0.33% 1.71% 0.63% 1.43% 1.36% - - 1.22%
    Bloomberg Barclays U.S. Aggregate 1-3 Year Index Jun 30 2020 0.14% 0.88% 2.68% 4.00% 2.82% 2.08% 1.62% 2.24%

    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%

    Net Expense Ratio: 0.45%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Sep 25 2020
    Index Top Holdingsas of Sep 24 2020

    Fund Top Holdings as of Sep 25 2020

    Name Market Value ISIN Weight
    US TREASURY N/B 2.75 09/15/2021 9,329,815.40 US9128285A44 6.46%
    TREASURY BILL 0 12/24/2020 7,598,347.00 US9127963L18 5.26%
    TREASURY BILL 0 10/01/2020 5,999,977.50 US9127962J70 4.16%
    US TREASURY N/B 1.625 04/30/2023 5,545,464.83 US912828R283 3.84%
    TREASURY BILL 0 02/04/2021 5,398,210.12 US9127963W72 3.74%
    US TREASURY N/B 2.25 12/31/2023 4,719,990.22 US912828V236 3.27%
    TREASURY BILL 0 11/27/2020 3,999,425.00 US9127963B36 2.77%
    FANNIE MAE 2 09/01/2035 3,098,033.60 US31418DSM55 2.15%
    FANNIE MAE 1.5 10/01/2035 3,069,464.16 US3140X7VD84 2.13%
    TREASURY BILL 0 03/11/2021 2,998,735.83 US9127964M81 2.08%
    Download All Holdings: Daily

    Index Top Holdings as of Sep 24 2020

    Name ISIN Weight
    Ginnie Mae 3 08/20/2049 - 2.14%
    Ginnie Mae II Pool 3 01/20/2050 - 1.98%
    Ginnie Mae II Pool 3.5 03/20/2047 - 1.84%
    Ginnie Mae II Pool 3.5 06/20/2049 - 1.72%
    Ginnie Mae II Pool 3.5 02/20/2046 - 1.11%
    US TREASURY N/B 1.625 11/15/2022 US912828TY62 0.99%
    Ginnie Mae II Pool 4 04/20/2048 - 0.97%
    US TREASURY N/B 2 11/30/2022 US912828M805 0.97%
    US TREASURY N/B 2.125 12/31/2022 US912828N308 0.93%
    US TREASURY N/B 2 02/15/2023 US912828UN88 0.85%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Sep 25 2020
    Index Sector Breakdownas of Sep 24 2020

    Fund Sector Breakdown as of Sep 25 2020

    Sector Weight
    Treasury 32.85%
    Mortgage Backed Securities 28.74%
    Investment Grade Corporate 17.52%
    Emerging Markets 8.10%
    Commercial Mortgage Backed Securities 6.18%
    High Yield Corporate 5.23%
    Asset Backed Securities 1.38%

    Index Sector Breakdown as of Sep 24 2020

    Sector Weight
    Treasury 49.07%
    Mortgage Backed Securities 22.11%
    Corporate - Industrial 9.19%
    Corporate - Finance 7.64%
    Non Corporates 5.36%
    Agency 2.94%
    CMBS 1.51%
    Asset Backed Securities 1.32%
    Corporate - Utility 0.85%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Sep 25 2020
    Index Quality Breakdownas of Sep 24 2020

    Fund Quality Breakdown as of Sep 25 2020

    Name Weight
    NR 3.98%
    Aaa 62.52%
    Aa1 0.27%
    Aa2 0.74%
    Aa3 0.43%
    A1 0.59%
    A2 4.76%
    A3 3.83%
    Baa1 5.33%
    Baa2 6.36%
    Baa3 4.40%
    Ba1 0.27%
    Ba2 1.09%
    Ba3 1.69%
    B1 0.74%
    B2 1.04%
    B3 0.55%
    Caa1 0.61%
    Caa2 0.50%
    Caa3 0.11%
    Ca3 0.20%

    Index Quality Breakdown as of Sep 24 2020

    Name Weight
    Aaa 79.85%
    Aa 3.48%
    A 9.45%
    Baa 7.22%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Sep 25 2020
    Index Maturity Ladderas of Sep 24 2020

    Fund Maturity Ladder as of Sep 25 2020

    Name Weight
    0 - 1 Year 33.06%
    1 - 2 Years 9.11%
    2 - 3 Years 26.51%
    3 - 5 Years 27.09%
    5 - 7 Years 2.76%
    7 - 10 Years 1.34%
    10 - 15 Years 0.09%
    20 - 30 Years 0.05%

    Index Maturity Ladder as of Sep 24 2020

    Name Weight
    1 - 2 Years 49.66%
    2 - 3 Years 50.34%

    Region Weights

    Region Weights
    Fund Region Weightsas of Sep 25 2020

    Fund Region Weights as of Sep 25 2020

    Region Weight
    Region Weight
    North America 88.41%
    Southeast Asia 2.35%
    Caribbean 2.33%
    East Asia 2.29%
    South America 1.68%
    Western Europe 0.91%
    Middle East 0.87%
    Central America 0.56%
    South Asia 0.33%
    Oceania 0.26%

    Geographical Breakdown

    Geographical Breakdown

    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® DoubleLine® Short Duration Total Return Tactical ETF.

    DoubleLine® is a registered trademark of DoubleLine Capital LP.  

    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.

    State Street Global Advisors Funds Distributors, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained GSO Capital Partners, Nuveen Asset Management, Massachusetts Financial Services Company & DoubleLine Capital LP as the sub-advisor.