SPDR® Bloomberg Barclays Investment Grade Floating Rate ETF FLRN

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.

Securities with floating or variable interest rates may decline in value if their coupon rates do not keep pace with comparable market interest rates. Narrowly focused investments typically exhibit higher volatility and are subject to greater geographic or asset class risk. The Fund is subject to credit risk, which refers to the possibility that the debt issuers will not be able to make principal and interest payments.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Non-diversified fund may invest in a relatively small number of issuers, a decline in the market value may affect its value more than if it invested in a larger number of issuers. While the Fund is expected to operate as a diversified fund, it may become non-diversified for periods of time solely as a result of changes in the composition of its benchmark index.

The Fund may not purchase securities of any issuer if, as a result, more than 5% of the Fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.

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.

$30.63

as of Oct 27 2021

Base Currency

USD

Assets Under Management

$2,459.36 M

as of Oct 27 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.

0.15%


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 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 Oct 28 2021

Fund Information as of Oct 28 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. 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 Oct 28 2021

Listing Information as of Oct 28 2021
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 Oct 27 2021

Fund Characteristics as of Oct 27 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.

428 0.71% 1.74 $100.32 0.30% 0.71% 0.08 years
Number of Holdings 428
Average Coupon

Average Coupon

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

0.71%
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.

1.74
Average Price $100.32
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.

0.30%
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.

0.71%
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.

0.08 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.

26.62 0.38%
Option Adjusted Spread 26.62
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.

0.38%

Index Characteristics as of Oct 27 2021

Index Characteristics as of Oct 27 2021
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
431 0.74% 1.69 $100.56 0.30% 0.74% 0.09 years
Number of Holdings 431
Average Coupon 0.74%
Average Maturity in Years 1.69
Average Price $100.56
Average Yield To Worst 0.30%
Current Yield 0.74%
Option Adjusted Duration 0.09 years
Option Adjusted Spread Yield to Maturity
27.45 0.39%
Option Adjusted Spread 27.45
Yield to Maturity 0.39%

Yields as of Oct 26 2021

Yields as of Oct 26 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 Distribution Yield

Fund Distribution Yield

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

0.16% - 0.44%
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.

0.16%
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.

-
Fund Distribution Yield

Fund Distribution Yield

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

0.44%

Fund Market Price as of Oct 27 2021

Fund Market Price as of Oct 27 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.

$30.64 $30.63 $30.64 $30.63 25,772 0.03% 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.

$30.64
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$30.63
Day High $30.64
Day Low $30.63
Exchange Volume (Shares)

Exchange Volume (shares)

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

25,772
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%
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.

0.03%
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.

150 60 62 61
Days Traded at Discount

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

103 1 1 3
Days Traded at Premium

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

Calendar Year 2020 150
First Quarter of 2021 60
Second Quarter of 2021 62
Third Quarter of 2021 61
Days Traded at Discount

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

Calendar Year 2020 103
First Quarter of 2021 1
Second Quarter of 2021 1
Third Quarter of 2021 3
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 Oct 27 2021

Fund Net Cash Amount as of Oct 27 2021
Net Cash Amount
-$6,240,119.28
Net Cash Amount -$6,240,119.28

Fund Net Asset Value as of Oct 27 2021

Fund Net Asset Value as of Oct 27 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
$30.63 80.30 M $2,459.36 M
NAV

NAV

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

$30.63
Shares Outstanding 80.30 M
Assets Under Management $2,459.36 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Nov 30 2011

as of Sep 30 2021

as of Sep 30 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 30 2011
Fund Before Tax
NAV Sep 30 2021 0.04% 0.08% 0.39% 0.67% 1.60% 1.80% - 1.54%
Market Value Sep 30 2021 0.06% 0.09% 0.47% 0.70% 1.59% 1.73% - 1.55%
Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Sep 30 2021 0.05% 0.12% 0.51% 0.84% 1.91% 2.06% 1.73% 1.78%
Fund After Tax
Return after Taxes on Distributions Sep 30 2021 0.03% 0.05% 0.27% 0.48% 0.89% 1.07% - 1.00%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 0.02% 0.05% 0.23% 0.40% 0.92% 1.06% - 0.95%
Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Sep 30 2021 0.05% 0.12% 0.51% 0.84% 1.91% 2.06% 1.73% 1.78%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 30 2011
Fund Before Tax
NAV Sep 30 2021 0.04% 0.08% 0.39% 0.67% 1.60% 1.80% - 1.54%
Market Value Sep 30 2021 0.06% 0.09% 0.47% 0.70% 1.59% 1.73% - 1.55%
Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Sep 30 2021 0.05% 0.12% 0.51% 0.84% 1.91% 2.06% 1.73% 1.78%
Fund After Tax
Return after Taxes on Distributions Sep 30 2021 0.03% 0.05% 0.27% 0.48% 0.89% 1.07% - 1.00%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 0.02% 0.05% 0.23% 0.40% 0.92% 1.06% - 0.95%
Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index Sep 30 2021 0.05% 0.12% 0.51% 0.84% 1.91% 2.06% 1.73% 1.78%

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 Oct 27 2021
Index Top Holdingsas of Oct 27 2021

Fund Top Holdings as of Oct 27 2021

Name Market Value ISIN Weight
ASIAN DEVELOPMENT BANK 0.126 12/15/2021 35,878,352.93 US045167CU55 1.46%
MORGAN STANLEY 0.73 01/20/2023 27,795,835.70 US6174468K89 1.13%
INTER-AMERICAN DEVEL BK 0.124 01/15/2022 23,402,369.25 US45818WBA36 0.95%
INTL BK RECON & DEVELOP 0.18 01/13/2023 23,317,239.67 US459058JQ75 0.95%
NEDER WATERSCHAPSBANK 0.186 12/15/2021 22,127,671.40 US63983TBT16 0.90%
GOLDMAN SACHS GROUP INC 0.881 02/23/2023 21,106,541.75 US38141GWU48 0.86%
CITIGROUP INC 1.084 04/25/2022 20,365,640.17 US172967LH22 0.83%
COMMONWEALTH BANK AUST 0.45 07/07/2025 19,519,111.95 US2027A0KG30 0.80%
HSBC HOLDINGS PLC 1.124 05/18/2024 19,368,124.42 US404280BR94 0.79%
MORGAN STANLEY 1.524 10/24/2023 18,703,710.42 US61746BEC63 0.76%

Index Top Holdings as of Oct 27 2021

Name ISIN Weight
ASIAN DEVELOPMENT BANK .126 12/15/2021 US045167CU55 1.47%
INTER-AMERICAN DEVEL BK .1238 01/15/2022 US45818WBA36 1.02%
NEDER WATERSCHAPSBANK .186 12/15/2021 US63983TBT16 0.99%
GOLDMAN SACHS GROUP INC .8808 02/23/2023 US38141GWU48 0.87%
MORGAN STANLEY 1.5239 10/24/2023 US61746BEC63 0.84%
MORGAN STANLEY .7401 01/20/2023 US6174468K89 0.83%
INTL BK RECON & DEVELOP .1715 01/13/2023 US459058JQ75 0.78%
WELLS FARGO & COMPANY 1.3585 10/31/2023 US949746SJ14 0.67%
CITIGROUP INC 1.5499 09/01/2023 US172967KX80 0.67%
HSBC HOLDINGS PLC 1.1245 05/18/2024 US404280BR94 0.67%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Oct 27 2021
Index Sector Breakdownas of Oct 27 2021

Fund Sector Breakdown as of Oct 27 2021

Sector Weight
Corporate - Finance 56.95%
CORPORATE - INDUSTRIAL 20.57%
Non Corporates - Supranationals 13.86%
Non Corporates - Foreign Agency 4.53%
Corporate - Utility 3.91%
Cash 0.18%

Index Sector Breakdown as of Oct 27 2021

Sector Weight
Corporate - Finance 57.10%
CORPORATE - INDUSTRIAL 20.46%
Non Corporates - Supranationals 13.80%
Non Corporates - Foreign Agency 4.65%
Corporate - Utility 3.99%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Oct 27 2021
Index Quality Breakdownas of Oct 27 2021

Fund Quality Breakdown as of Oct 27 2021

Name Weight
Aaa 18.40%
Aa 13.38%
A 53.30%
Baa 14.72%
Not Rated 0.20%

Index Quality Breakdown as of Oct 27 2021

Name Weight
Aaa 18.08%
Aa 13.67%
A 53.69%
Baa 14.56%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Oct 27 2021
Index Maturity Ladderas of Oct 27 2021

Fund Maturity Ladder as of Oct 27 2021

Name Weight
0 - 1 Year 29.50%
1 - 2 Years 33.72%
2 - 3 Years 25.31%
3 - 5 Years 10.73%
5 - 7 Years 0.74%

Index Maturity Ladder as of Oct 27 2021

Name Weight
0 - 1 Year 29.55%
1 - 2 Years 32.42%
2 - 3 Years 26.48%
3 - 5 Years 11.55%

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.