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    From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

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    SPDR® SSGA Fixed Income Sector Rotation ETF FISR

    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.

    $31.00

    as of Apr 22 2021

    Base Currency

    USD

    Assets Under Management

    $60.45 M

    as of Apr 22 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 Barclays 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 Apr 22 2021

    Fund Information as of Apr 22 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 Investment Manager Management Team
    Bloomberg Barclays U.S. Aggregate Bond Index Apr 02 2019 No 0.50% USD SSGA Funds Management, Inc. Investment Solutions Group (ISG)
    Benchmark Bloomberg Barclays 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
    Investment Manager SSGA Funds Management, Inc.
    Management Team Investment Solutions Group (ISG)
    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 Apr 22 2021

    Listing Information as of Apr 22 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 Apr 22 2021

    Fund Characteristics as of Apr 22 2021
    Number of Holdings
    7
    Number of Holdings 7

    Yields as of Apr 21 2021

    Yields as of Apr 21 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 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.
    2.16% 2.05% 2.48%
    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.

    		 2.16%
    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.

    		 2.05%
    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.

    		 2.48%

    Fund Market Price as of Apr 22 2021

    Fund Market Price as of Apr 22 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.
    $30.99 $30.99 $31.00 $30.99 96 -0.04% 0.13%
    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.

    		 $30.99
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $30.99
    Day High $31.00
    Day Low $30.99
    Exchange Volume (Shares)

    Exchange Volume (shares)

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

    		 96
    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.

    		 0.13%

    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
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 185 28
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 68 33
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 185
    First Quarter of 2021 28
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 68
    First Quarter of 2021 33
    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 Apr 22 2021

    Fund Net Cash Amount as of Apr 22 2021
    Net Cash Amount
    $142,664.85
    Net Cash Amount $142,664.85

    Fund Net Asset Value as of Apr 22 2021

    Fund Net Asset Value as of Apr 22 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
    $31.00 1.95 M $60.45 M
    NAV

    NAV

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

    		 $31.00
    Shares Outstanding 1.95 M
    Assets Under Management $60.45 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

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

    as of Mar 31 2021

    as of Mar 31 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 02 2019
    Fund Before Tax
    NAV Mar 31 2021 -1.22% -4.07% -4.07% 1.39% - - - 4.07%
    Market Value Mar 31 2021 -1.23% -4.03% -4.03% 1.25% - - - 4.05%
    Bloomberg Barclays U.S. Aggregate Bond Index Mar 31 2021 -1.25% -3.37% -3.37% 0.71% 4.65% 3.10% 3.44% 4.91%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 -1.29% -4.21% -4.21% 0.38% - - - 2.84%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 -0.72% -2.41% -2.41% 0.84% - - - 2.60%
    Bloomberg Barclays U.S. Aggregate Bond Index Mar 31 2021 -1.25% -3.37% -3.37% 0.71% 4.65% 3.10% 3.44% 4.91%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 02 2019
    Fund Before Tax
    NAV Mar 31 2021 -1.22% -4.07% -4.07% 1.39% - - - 4.07%
    Market Value Mar 31 2021 -1.23% -4.03% -4.03% 1.25% - - - 4.05%
    Bloomberg Barclays U.S. Aggregate Bond Index Mar 31 2021 -1.25% -3.37% -3.37% 0.71% 4.65% 3.10% 3.44% 4.91%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 -1.29% -4.21% -4.21% 0.38% - - - 2.84%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 -0.72% -2.41% -2.41% 0.84% - - - 2.60%
    Bloomberg Barclays U.S. Aggregate Bond Index Mar 31 2021 -1.25% -3.37% -3.37% 0.71% 4.65% 3.10% 3.44% 4.91%

    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 Apr 22 2021
    Index Top Holdingsas of Apr 22 2021

    Fund Holdings as of Apr 22 2021

    Name Ticker Shares Held Market Value Weight
    SPDR Portfolio Mortgage Backed Bond ETF SPMB 772,395 20,105,442.00 33.26%
    SPDR Portfolio Long Term Corporate Bond ETF SPLB 489,907 15,059,741.00 24.91%
    SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 374,309 13,647,306.00 22.58%
    SPDR Portfolio Intermediate Term Treasury ETF SPTI 213,304 6,896,118.50 11.41%
    SPDR Bloomberg Barclays 1-3 Month T-Bill ETF BIL 43,706 3,999,099.00 6.62%
    SPDR Bloomberg Barclays High Yield Bond ETF JNK 5,555 604,606.20 1.00%
    Ssga Fds/Usa State St Inst Us Gov M Oef 85749270 138,889 138,888.83 0.23%
    Download All Holdings: Daily

    Index Top Holdings as of Apr 22 2021

    Name ISIN Weight
    Fannie Mae Pool 2 06/25/2050 - 1.79%
    Freddie Mac 2 07/25/2050 - 1.53%
    Fannie Mae Pool 2.5 03/25/2050 - 1.41%
    Ginnie Mae II Pool 2.5 03/20/2050 - 1.00%
    Freddie Mac 2.5 03/25/2050 - 0.96%
    Ginnie Mae II Pool 2 06/20/2050 - 0.63%
    Fannie Mae Pool 3 06/25/2049 - 0.46%
    US TREASURY N/B .875 11/15/2030 US91282CAV37 0.45%
    Fannie Mae or Freddie Mac 3 01/25/2046 - 0.42%
    Fannie Mae Pool 2 06/25/2035 - 0.41%

    Sector Allocation

    Sector Allocation
    Sector Breakdownas of Apr 22 2021
    Index Sector Breakdownas of Apr 22 2021

    Sector Breakdown as of Apr 22 2021

    Sector Weight
    Mortgage Backed Securities 33.26%
    US Corporate Long Maturity 24.91%
    US Corporate Intermediate Maturity 22.58%
    US Treasury Intermediate Maturity 11.41%
    US Treasury Bill 6.62%
    High Yield 1.00%
    Unassigned 0.23%

    Index Sector Breakdown as of Apr 22 2021

    Sector Weight
    Treasury 37.38%
    Mortgage Backed Securities 27.41%
    Corporate - Industrial 16.41%
    Corporate - Finance 8.01%
    Corporate - Utility 2.18%
    CMBS 2.17%
    Agency 1.59%
    Non Corporates - Supranationals 1.44%
    Non Corporates - Sovereigns 1.14%
    Non Corporates - Foreign Local Govt 1.02%
    Non Corporates - Foreign Agency 0.93%
    Asset Backed Securities 0.32%
    Other 0.00%
    Fund Documents
    Tax Documents
    Insights & Resources

    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.

    Content on this site is approved for Investment Professional use only.
     

    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.
     

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    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

    2732006.6.1.AM.INST

     

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