SPDR® DoubleLine® Emerging Markets Fixed Income ETF EMTL

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.

$45.05

as of Mar 31 2020

Base Currency

USD

Assets Under Management

$85.60 M

as of Mar 31 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.

0.75%


Key Features

Key Features

  • The SPDR® DoubleLine® Emerging Markets Fixed Income ETF seeks to provide high total return from current income and capital appreciation
  • Provides actively managed exposure to emerging market fixed income securities
  • Managed by DoubleLine's Emerging Market Fixed Income team who has worked together since 1999 and follows a 5 step investment process that combines bottom-up research with sovereign macro overlays
  • In allocating investments among various emerging market countries, the team at Doubleline attempts to analyze internal political, market and economic factors

About this Benchmark

About this Benchmark

The JP Morgan Corporate Emerging Markets Bond Index Diversified is a market capitalization weighted index consisting of U.S. dollar denominated emerging market corporate bonds.


Fund Information as of Mar 31 2020

Fund Information as of Mar 31 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 0.65% 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
JP Morgan Corporate Emerging Market Bond Index Broad Diversified Apr 13 2016 No 0.75% 0.65% USD DoubleLine Capital LP
Benchmark JP Morgan Corporate Emerging Market Bond Index Broad Diversified
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.

0.75%
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 0.65% 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.

0.65%
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 Mar 31 2020

Listing Information as of Mar 31 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Bats Global Markets Apr 14 2016 USD EMTL 78470P309 US78470P3091
Exchange Bats Global Markets
Listing Date Apr 14 2016
Trading Currency USD
Ticker EMTL
CUSIP 78470P309
ISIN US78470P3091

Fund Characteristics as of Apr 01 2020

Fund Characteristics as of Apr 01 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.

107 4.80% 7.29 $93.77 6.55% 5.41% 3.67 years
Number of Holdings 107
Average Coupon

Average Coupon

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

4.80%
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.

7.29
Average Price $93.77
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.

6.55%
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.

5.41%
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.

3.67 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.

556.08 6.12%
Option Adjusted Spread 556.08
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.

6.12%

Index Characteristics as of Apr 01 2020

Index Characteristics as of Apr 01 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
1,599 5.08% 6.88 $94.28 7.37% 5.75% 4.53 years
Number of Holdings 1,599
Average Coupon 5.08%
Average Maturity in Years 6.88
Average Price $94.28
Average Yield To Worst 7.37%
Current Yield 5.75%
Option Adjusted Duration 4.53 years
Option Adjusted Spread Yield to Maturity
688.19 7.38%
Option Adjusted Spread 688.19
Yield to Maturity 7.38%

Yields as of Mar 31 2020

Yields as of Mar 31 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.

4.36% 4.25% 4.45%
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.

4.36%
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.

4.25%
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.

4.45%

Fund Market Price as of Mar 31 2020

Fund Market Price as of Mar 31 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 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)

$45.46 $45.46 $45.79 $45.35 4,360 0.90%
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 a given security.

$45.46
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$45.46
Day High $45.79
Day Low $45.35
Exchange Volume (Shares)

Exchange Volume (shares)

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

4,360
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)

0.90%

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 Mar 31 2020

    Fund Net Cash Amount as of Mar 31 2020
    Net Cash Amount
    $27,399,240.10
    Net Cash Amount $27,399,240.10

    Fund Net Asset Value as of Mar 31 2020

    Fund Net Asset Value as of Mar 31 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
    $45.05 1.90 M $85.60 M
    NAV

    NAV

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

    $45.05
    Shares Outstanding 1.90 M
    Assets Under Management $85.60 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Apr 13 2016
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 13 2016
    Fund Before Tax
    NAV Feb 29 2020 0.19% 1.94% 1.94% 9.61% 5.32% - - 6.29%
    Market Value Feb 29 2020 0.07% 1.75% 1.75% 10.12% 5.42% - - 6.41%
    JP Morgan Corporate Emerging Market Bond Index Broad Diversified Feb 29 2020 -0.01% 1.53% 1.53% 10.58% 5.90% 5.86% 6.24% 6.51%
    Fund After Tax
    Return after Taxes on Distributions Feb 29 2020 0.06% 1.81% 1.81% 7.84% 3.65% - - 3.98%
    Return after Taxes on Distributions and Sale of Fund Shares Feb 29 2020 0.11% 1.15% 1.15% 5.65% 3.33% - - 3.76%
    JP Morgan Corporate Emerging Market Bond Index Broad Diversified Feb 29 2020 -0.01% 1.53% 1.53% 10.58% 5.90% 5.86% 6.24% 6.51%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 13 2016
    Fund Before Tax
    NAV Dec 31 2019 1.14% 1.83% 11.30% 11.30% 5.51% - - 6.03%
    Market Value Dec 31 2019 1.59% 2.31% 11.93% 11.93% 5.57% - - 6.20%
    JP Morgan Corporate Emerging Market Bond Index Broad Diversified Dec 31 2019 0.97% 2.21% 13.09% 13.09% 6.29% 5.93% 6.35% 6.37%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 0.89% 1.31% 9.49% 9.49% 3.84% - - 3.65%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 0.68% 1.08% 6.66% 6.66% 3.48% - - 3.53%
    JP Morgan Corporate Emerging Market Bond Index Broad Diversified Dec 31 2019 0.97% 2.21% 13.09% 13.09% 6.29% 5.93% 6.35% 6.37%

    as of Feb 29 2020

    as of Dec 31 2019

    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.

    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: 0.75%

    Net Expense Ratio: 0.65%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 01 2020
    Index Top Holdingsas of Apr 01 2020

    Fund Top Holdings as of Apr 01 2020

    Name Market Value ISIN Weight
    REPUBLIC OF PANAMA 4 09/22/2024 2,900,800.00 US698299BD54 3.39%
    REPUBLIC OF INDONESIA 4.875 05/05/2021 2,530,462.50 USY20721AU39 2.96%
    REPUBLIC OF COLOMBIA 4.375 07/12/2021 2,018,020.00 US195325BN40 2.36%
    REPUBLIC OF PHILIPPINES 4 01/15/2021 1,958,438.69 US718286BK23 2.29%
    BANISTMO SA 3.65 09/19/2022 1,764,028.40 USP15383AC95 2.06%
    GNL QUINTERO SA 4.634 07/31/2029 1,573,668.00 USP4909LAA81 1.84%
    COLBUN SA 4.5 07/10/2024 1,534,040.10 USP2867KAE66 1.79%
    PERUSAHAAN LISTRIK NEGAR 5.5 11/22/2021 1,520,550.00 US71568QAA58 1.78%
    ITAU UNIBANCO HLDG SA/KY 6.2 12/21/2021 1,515,450.00 US46556MAE21 1.77%
    GRUPO AVAL LTD 4.75 09/26/2022 1,437,669.00 USG42045AB32 1.68%
    Download All Holdings: Daily

    Index Top Holdings as of Apr 01 2020

    Name ISIN Weight
    SAUDI ARABIAN OIL CO 4.375 04/16/2049 XS1982116136 0.52%
    SAUDI ARABIAN OIL CO 4.25 04/16/2039 XS1982113463 0.52%
    SAUDI ARABIAN OIL CO 3.5 04/16/2029 XS1982113208 0.51%
    TEVA PHARMACEUTICALS NE 3.15 10/01/2026 US88167AAE10 0.48%
    ALTICE FINANCING SA 7.5 05/15/2026 USL0178WAG70 0.45%
    TEVA PHARMACEUTICALS NE 2.8 07/21/2023 US88167AAD37 0.44%
    SANDS CHINA LTD 5.125 08/08/2025 US80007RAF29 0.40%
    SANDS CHINA LTD 5.4 08/08/2028 US80007RAE53 0.40%
    SANDS CHINA LTD 4.6 08/08/2023 US80007RAB15 0.39%
    PERUSAHAAN GAS NEGARA 5.125 05/16/2024 USY7136YAA83 0.30%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 01 2020
    Index Sector Breakdownas of Apr 01 2020

    Fund Sector Breakdown as of Apr 01 2020

    Sector Weight
    Corporate 65.66%
    Sovereign 18.72%
    Quasi-Sovereign 15.62%

    Index Sector Breakdown as of Apr 01 2020

    Sector Weight
    Corporate - Industrial 41.87%
    Non Corporates 29.48%
    Corporate - Finance 23.42%
    Corporate - Utility 5.23%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Apr 01 2020
    Index Quality Breakdownas of Apr 01 2020

    Fund Quality Breakdown as of Apr 01 2020

    Name Weight
    A1 3.00%
    A2 3.17%
    A3 3.58%
    Baa1 7.65%
    Baa2 31.16%
    Baa3 26.34%
    Ba1 6.31%
    Ba2 6.78%
    Ba3 2.78%
    B1 3.78%
    B2 1.75%
    B3 0.88%
    Caa1 1.54%
    Caa2 0.51%
    Caa3 0.71%
    C3 0.06%

    Index Quality Breakdown as of Apr 01 2020

    Name Weight
    Aa 1.79%
    A 20.98%
    Baa 37.40%
    Below Baa 39.83%
    Not Rated 4.50%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 01 2020
    Index Maturity Ladderas of Apr 01 2020

    Fund Maturity Ladder as of Apr 01 2020

    Name Weight
    0 - 1 Year 9.58%
    1 - 2 Years 21.40%
    2 - 3 Years 9.79%
    3 - 5 Years 23.62%
    5 - 7 Years 17.77%
    7 - 10 Years 11.21%
    10 - 15 Years 2.20%
    20 - 30 Years 2.62%
    > 30 Years 1.81%

    Index Maturity Ladder as of Apr 01 2020

    Name Weight
    0 - 1 Year 0.25%
    1 - 2 Years 9.47%
    2 - 3 Years 15.86%
    3 - 5 Years 29.24%
    5 - 7 Years 14.06%
    7 - 10 Years 17.29%
    10 - 15 Years 2.62%
    15 - 20 Years 2.82%
    20 - 30 Years 6.15%
    > 30 Years 0.54%

    Region Weights

    Region Weights
    Fund Region Weightsas of Apr 01 2020

    Fund Region Weights as of Apr 01 2020

    Region Weight
    Region Weight
    South America 38.32%
    Southeast Asia 25.34%
    Central America 25.13%
    South Asia 5.90%
    East Asia 4.96%
    Middle East 0.30%
    Caribbean 0.06%

    Geographical Breakdown

    Geographical Breakdown

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

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    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® Emerging Markets Fixed Income 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.