SPDR® DoubleLine® Total Return Tactical ETF TOTL

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.

$49.41

as of Sep 22 2020

Base Currency

USD

Assets Under Management

$3,231.70 M

as of Sep 22 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.

0.65%


Key Features

Key Features

  • The SPDR® DoubleLine® Total Return Tactical ETF seeks to maximize total return
  • Provides actively managed core fixed income exposure benchmarked to the Bloomberg Barclays US Aggregate Bond Index
  • Combines traditional and non-traditional fixed income asset classes with the goal of maximizing total return over a full market cycle 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 Bond Index provides a measure of 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 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. The securities in the U.S. Aggregate Index must have at least 1 year remaining to maturity and must have $250 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. Certain types of securities, such as flower bonds, TINs, and state and local government series bonds are excluded from the U.S. Aggregate Index. Also excluded from the U.S. Aggregate Index are structured notes with embedded swaps or other special features, private placements, floating rate securities and Eurobonds. The U.S. Aggregate Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month.


Fund Information as of Sep 22 2020

Fund Information as of Sep 22 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 0.55% 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 Bond Index Feb 23 2015 No 0.65% 0.55% USD DoubleLine Capital LP
Benchmark Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date Feb 23 2015
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.

0.65%
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 0.55% 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.

0.55%
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 22 2020

Listing Information as of Sep 22 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Feb 24 2015 USD TOTL 78467V848 US78467V8485
Exchange NYSE ARCA EXCHANGE
Listing Date Feb 24 2015
Trading Currency USD
Ticker TOTL
CUSIP 78467V848
ISIN US78467V8485

Fund Characteristics as of Sep 22 2020

Fund Characteristics as of Sep 22 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.

1,067 2.75% 4.88 $101.91 1.58% 3.14% 3.39 years
Number of Holdings 1,067
Average Coupon

Average Coupon

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

2.75%
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.

4.88
Average Price $101.91
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.

1.58%
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.

3.14%
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.

3.39 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.

113.37 1.61%
Option Adjusted Spread 113.37
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.

1.61%

Index Characteristics as of Sep 22 2020

Index Characteristics as of Sep 22 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield
11,902 3.03% 8.19 $111.75 1.17% 0.46% 2.66%
Number of Holdings 11,902
Average Coupon 3.03%
Average Maturity in Years 8.19
Average Price $111.75
Average Yield To Worst 1.17%
Convexity 0.46%
Current Yield 2.66%
Option Adjusted Duration Option Adjusted Spread Yield to Maturity
6.13 years 60.44 1.18%
Option Adjusted Duration 6.13 years
Option Adjusted Spread 60.44
Yield to Maturity 1.18%

Yields as of Sep 22 2020

Yields as of Sep 22 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.

1.97% 1.87% 2.97%
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.

1.97%
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.

1.87%
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.

2.97%

Fund Market Price as of Sep 22 2020

Fund Market Price as of Sep 22 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)

$49.46 $49.42 $49.48 $49.42 69,538 0.09%
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.

$49.46
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$49.42
Day High $49.48
Day Low $49.42
Exchange Volume (Shares)

Exchange Volume (shares)

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

69,538
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)

0.09%

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 22 2020

    Fund Net Cash Amount as of Sep 22 2020
    Net Cash Amount
    $45,300,632.74
    Net Cash Amount $45,300,632.74

    Fund Net Asset Value as of Sep 22 2020

    Fund Net Asset Value as of Sep 22 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
    $49.41 65.40 M $3,231.70 M
    NAV

    NAV

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

    $49.41
    Shares Outstanding 65.40 M
    Assets Under Management $3,231.70 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Feb 23 2015

    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
    Feb 23 2015
    Fund Before Tax
    NAV Aug 31 2020 -0.33% 0.52% 3.00% 3.15% 3.29% 3.24% - 2.96%
    Market Value Aug 31 2020 -0.41% 0.52% 2.90% 3.00% 3.29% 3.29% - 3.01%
    Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2020 -0.81% 0.67% 6.85% 6.47% 5.09% 4.33% 3.65% 3.85%
    Fund After Tax
    Return after Taxes on Distributions Aug 31 2020 -0.42% 0.34% 2.29% 1.87% 1.93% 1.87% - 1.62%
    Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2020 -0.20% 0.31% 1.77% 1.85% 1.91% 1.86% - 1.66%
    Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2020 -0.81% 0.67% 6.85% 6.47% 5.09% 4.33% 3.65% 3.85%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2015
    Fund Before Tax
    NAV Jun 30 2020 0.64% 3.61% 2.47% 4.13% 3.54% 3.24% - 2.96%
    Market Value Jun 30 2020 0.57% 3.91% 2.37% 4.03% 3.50% 3.27% - 3.00%
    Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2020 0.63% 2.90% 6.14% 8.74% 5.32% 4.30% 3.82% 3.84%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 0.54% 3.29% 1.95% 2.80% 2.17% 1.86% - 1.60%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 0.38% 2.13% 1.46% 2.43% 2.10% 1.85% - 1.65%
    Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2020 0.63% 2.90% 6.14% 8.74% 5.32% 4.30% 3.82% 3.84%

    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: 0.65%

    Net Expense Ratio: 0.55%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Sep 22 2020
    Index Top Holdingsas of Sep 22 2020

    Fund Top Holdings as of Sep 22 2020

    Name Market Value ISIN Weight
    TREASURY BILL 0 12/03/2020 109,981,831.30 US912796TU31 3.40%
    US TREASURY N/B 1.5 08/31/2021 106,979,482.37 US912828YC87 3.30%
    US TREASURY N/B 1.5 02/15/2030 92,893,437.50 US912828Z948 2.87%
    US TREASURY N/B 2.125 02/29/2024 85,579,038.86 US912828W481 2.64%
    US TREASURY N/B 2.125 07/31/2024 85,398,837.99 US9128282N91 2.64%
    US TREASURY N/B 2.25 11/15/2025 85,030,000.00 US912828M565 2.63%
    TREASURY BILL 0 10/29/2020 84,193,474.50 US9127962T52 2.60%
    US TREASURY N/B 1.625 05/15/2026 78,158,197.54 US912828R366 2.41%
    US TREASURY N/B 0.5 06/30/2027 58,838,062.50 US912828ZV59 1.82%
    FREDDIE MAC 2 09/01/2050 51,381,531.97 US3132DV7B53 1.59%
    Download All Holdings: Daily

    Index Top Holdings as of Sep 22 2020

    Name Weight
    FNMA Single Family 30yr 2.5 1.02%
    Fannie Mae Pool 3 07/25/2049 0.72%
    Freddie Mac Gold Pool 2.5 02/25/2050 0.69%
    Fannie Mae or Freddie Mac 3 01/25/2046 0.62%
    Freddie Mac 3 08/25/2049 0.58%
    Ginnie Mae 2.5 01/20/2050 0.55%
    Ginnie Mae 3 08/20/2049 0.53%
    Ginnie Mae 3 03/20/2046 0.50%
    Ginnie Mae 3 01/20/2050 0.49%
    Ginnie Mae 3.5 03/20/2047 0.45%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Sep 22 2020
    Index Sector Breakdownas of Sep 22 2020

    Fund Sector Breakdown as of Sep 22 2020

    Sector Weight
    Mortgage Backed Securities 43.19%
    Treasury 28.47%
    Commercial Mortgage Backed Securities 9.25%
    Investment Grade Corporate 6.18%
    Emerging Markets 5.01%
    High Yield Corporate 4.47%
    Bank Loans 2.80%
    Asset Backed Securities 0.61%
    Other 0.01%

    Index Sector Breakdown as of Sep 22 2020

    Sector Weight
    Treasury 37.12%
    Mortgage Backed Securities 26.59%
    Corporate - Industrial 16.98%
    Corporate - Finance 8.28%
    Corporate - Utility 2.25%
    CMBS 2.21%
    Agency 1.54%
    Non Corporates - Supranationals 1.44%
    Non Corporates - Sovereigns 1.14%
    Non Corporates - Foreign Local Govt 1.06%
    Non Corporates - Foreign Agency 1.02%
    Asset Backed Securities 0.36%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Sep 22 2020
    Index Quality Breakdownas of Sep 22 2020

    Fund Quality Breakdown as of Sep 22 2020

    Name Weight
    NR 8.74%
    Aaa 68.23%
    Aa1 0.59%
    Aa2 0.44%
    Aa3 0.50%
    A1 0.48%
    A2 1.67%
    A3 1.42%
    Baa1 1.84%
    Baa2 2.21%
    Baa3 2.49%
    Ba1 0.46%
    Ba2 1.28%
    Ba3 1.86%
    B1 1.05%
    B2 2.04%
    B3 1.50%
    Caa1 0.55%
    Caa2 0.72%
    Caa3 0.36%
    Ca3 1.28%
    C3 0.30%
    Other 0.01%

    Index Quality Breakdown as of Sep 22 2020

    Name Weight
    Aaa 69.65%
    Aa 3.50%
    A 12.32%
    Baa 14.52%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Sep 22 2020
    Index Maturity Ladderas of Sep 22 2020

    Fund Maturity Ladder as of Sep 22 2020

    Name Weight
    0 - 1 Year 16.69%
    1 - 2 Years 8.08%
    2 - 3 Years 12.36%
    3 - 5 Years 28.45%
    5 - 7 Years 15.88%
    7 - 10 Years 13.62%
    10 - 15 Years 1.83%
    15 - 20 Years 0.44%
    20 - 30 Years 2.36%
    > 30 Years 0.28%
    Other 0.01%

    Index Maturity Ladder as of Sep 22 2020

    Name Weight
    0 - 1 Year 0.00%
    1 - 2 Years 12.22%
    2 - 3 Years 12.36%
    3 - 5 Years 34.58%
    5 - 7 Years 10.99%
    7 - 10 Years 9.70%
    10 - 15 Years 1.60%
    15 - 20 Years 3.81%
    20 - 30 Years 13.81%
    > 30 Years 0.93%

    Region Weights

    Region Weights
    Fund Region Weightsas of Sep 22 2020

    Fund Region Weights as of Sep 22 2020

    Region Weight
    Region Weight
    North America 93.77%
    South America 1.33%
    East Asia 0.95%
    Southeast Asia 0.92%
    Central America 0.77%
    Caribbean 0.77%
    Middle East 0.46%
    South Asia 0.45%
    Western Europe 0.44%
    Oceania 0.15%

    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 herein is that of the SPDR® DoubleLine® 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.