SPDR® FactSet Innovative Technology ETF XITK

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.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Concentrated investments in a particular sector or industry (technology sector and electronic media companies) tend to be more volatile than the overall market and increases risk that events negatively affecting such sectors or industries could reduce returns, potentially causing the value of the Fund’s shares to decrease.

Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly.

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.

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.

$219.11

as of Jul 27 2021

Base Currency

USD

Assets Under Management

$346.19 M

as of Jul 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.

0.45%


Key Features

Key Features

  • The SPDR® FactSet Innovative Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index (the “Index”)
  • Seeks to obtain exposure to companies within sub-sectors with robust revenue growth that may provide leading-edge products and services
  • May offer a way to capture innovation throughout the tech sector and electronic media sub-sector, and not just within one particular trend
  • As a result of equal weighted index methodology, may reduce stock-specific risk when attempting to overweight the more innovative areas of technology


About this Benchmark

About this Benchmark

The FactSet Innovative Technology Index (the “Index”) is designed to represent the performance of U.S.-listed stock and American Depository Receipts (“ADRs”) of Technology companies and Technology-related companies (including Electronic Media companies) within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. (“FactSet” or the “Index Provider”). The Index Provider considers the most innovative segments of the Technology sector and Electronic Media sub-sector to be those with the highest revenue growth and believes that these companies are often involved in cutting edge research, innovative product and service development, disruptive business models, or a combination of these activities. In addition to traditional Technology companies, Electronic Media companies are included in the Index because of their core focus on technology and the integral role technology plays in determining how such companies operate, innovate and compete within their industry.


Fund Information as of Jul 28 2021

Fund Information as of Jul 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
FactSet Innovative Technology Index Jan 13 2016 No 0.45% USD SSGA Funds Management, Inc. Global Equity Beta Solutions
Benchmark FactSet Innovative Technology Index
Inception Date Jan 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.

0.45%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Quarterly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly

Listing Information as of Jul 28 2021

Listing Information as of Jul 28 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Jan 14 2016 USD XITK 78464A110 US78464A1108
Exchange NYSE ARCA EXCHANGE
Listing Date Jan 14 2016
Trading Currency USD
Ticker XITK
CUSIP 78464A110
ISIN US78464A1108

Fund Characteristics as of Jul 27 2021

Fund Characteristics as of Jul 27 2021
Est. 3-5 Year EPS Growth

Estimated 3-5 Year EPS Growth

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

Number of Holdings Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

Weighted Average Market Cap
17.93% 96 7.04 45.45 $64,926.10 M
Est. 3-5 Year EPS Growth

Estimated 3-5 Year EPS Growth

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

17.93%
Number of Holdings 96
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

7.04
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

45.45
Weighted Average Market Cap $64,926.10 M

Index Characteristics as of Jul 27 2021

Index Characteristics as of Jul 27 2021
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
17.91% 96 37.87 45.27 44.39
Est. 3-5 Year EPS Growth 17.91%
Number of Holdings 96
Price/Cash Flow 37.87
Price/Earnings 45.27
Price/Earnings Ratio FY1 44.39

Index Statistics as of Jul 27 2021

Index Statistics as of Jul 27 2021

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$64,921.63 M $53,117.48 M $8,919.47 M $1,761,226.50 M $674.12 M
Weighted Average Market Cap $64,921.63 M
Average Size
Mean $53,117.48 M
Median $8,919.47 M
Size Range
Largest $1,761,226.50 M
Smallest $674.12 M

Yields as of Jul 27 2021

Yields as of Jul 27 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.

Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

-0.38% - 0.06% 0.10%
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.

-0.38%
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.

0.06%
Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

0.10%

Fund Market Price as of Jul 27 2021

Fund Market Price as of Jul 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.

$219.12 $219.06 $223.45 $215.94 1,091 0.01% 0.10%
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.

$219.12
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$219.06
Day High $223.45
Day Low $215.94
Exchange Volume (Shares)

Exchange Volume (shares)

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

1,091
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)

0.01%
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.

0.10%
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
Days Traded at Premium

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

192 25 11
Days Traded at Discount

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

61 36 52
Days Traded at Premium

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

Calendar Year 2020 192
First Quarter of 2021 25
Second Quarter of 2021 11
Days Traded at Discount

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

Calendar Year 2020 61
First Quarter of 2021 36
Second Quarter of 2021 52
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 Jul 27 2021

Fund Net Cash Amount as of Jul 27 2021
Net Cash Amount
-$110,651.52
Net Cash Amount -$110,651.52

Fund Net Asset Value as of Jul 27 2021

Fund Net Asset Value as of Jul 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
$219.11 1.58 M $346.19 M
NAV

NAV

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

$219.11
Shares Outstanding 1.58 M
Assets Under Management $346.19 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Jan 13 2016

as of Jun 30 2021

as of Jun 30 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 13 2016
Fund Before Tax
NAV Jun 30 2021 8.46% 8.30% 5.11% 55.75% 34.15% 34.16% - 33.07%
Market Value Jun 30 2021 8.46% 8.26% 5.08% 55.72% 33.99% 34.15% - 33.07%
FactSet Innovative Technology Index Jun 30 2021 8.50% 8.42% 5.30% 56.38% 34.76% 34.70% - 33.64%
Fund After Tax
Return after Taxes on Distributions Jun 30 2021 8.46% 8.30% 5.11% 55.71% 33.88% 33.66% - 32.62%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2021 5.01% 4.91% 3.02% 33.00% 27.42% 28.47% - 27.76%
FactSet Innovative Technology Index Jun 30 2021 8.50% 8.42% 5.30% 56.38% 34.76% 34.70% - 33.64%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 13 2016
Fund Before Tax
NAV Jun 30 2021 8.46% 8.30% 5.11% 55.75% 34.15% 34.16% - 33.07%
Market Value Jun 30 2021 8.46% 8.26% 5.08% 55.72% 33.99% 34.15% - 33.07%
FactSet Innovative Technology Index Jun 30 2021 8.50% 8.42% 5.30% 56.38% 34.76% 34.70% - 33.64%
Fund After Tax
Return after Taxes on Distributions Jun 30 2021 8.46% 8.30% 5.11% 55.71% 33.88% 33.66% - 32.62%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2021 5.01% 4.91% 3.02% 33.00% 27.42% 28.47% - 27.76%
FactSet Innovative Technology Index Jun 30 2021 8.50% 8.42% 5.30% 56.38% 34.76% 34.70% - 33.64%

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: 0.45%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Jul 27 2021
Index Top Holdingsas of Jul 27 2021

Fund Top Holdings as of Jul 27 2021

Name Shares Held Weight
Asana Inc. Class A 118,874 2.27%
Teradata Corporation 145,722 2.11%
Talend SA Sponsored ADR 86,563 1.65%
Rapid7 Inc. 46,616 1.52%
Alphabet Inc. Class A 1,903 1.45%
Proofpoint Inc. 28,577 1.44%
Shopify Inc. Class A 3,189 1.44%
CrowdStrike Holdings Inc. Class A 19,201 1.43%
FireEye Inc. 244,171 1.41%
J2 Global Inc. 33,602 1.40%
Download All Holdings: Daily

Index Top Holdings as of Jul 27 2021

Name Weight
Asana Inc. Class A 2.27%
Teradata Corporation 2.11%
Talend SA Sponsored ADR 1.65%
Rapid7 Inc. 1.52%
Alphabet Inc. Class A 1.45%
Proofpoint Inc. 1.44%
Shopify Inc. Class A 1.44%
CrowdStrike Holdings Inc. Class A 1.43%
FireEye Inc. 1.41%
J2 Global Inc. 1.40%

Sub-Industry Allocation

Sub-Industry Allocation

Fund Sub-Industry Allocation as of Jul 27 2021

Sector Weight
Enterprise Management Software 26.32%
It Infrastructure Software 16.00%
Web-Based Data And Services 15.34%
Consumer Data And Services 8.23%
Design And Engineering Software 4.12%
Internet Hosting Services 3.29%
Home And Office Software 3.15%
Games Software 2.72%
Healthcare Administrative Support Services 2.58%
Wide Area Networking Equipment 2.29%
Entertainment And Programming Providers 2.23%
Semiconductor Manufacturing Capital Equipment 2.05%
Module And Subassembly Components 1.70%
Department Stores 1.37%
Telecommunications Industry Software 1.36%
Administrative Services 1.30%
Consumer Finance Services 1.13%
Internet Support Services 1.09%
Other United States Telecommunications Services 1.07%
Finance Software And Services 1.02%
Data Storage Hardware 0.87%
Other Real Estate Investment And Services 0.78%

Index Sub-Industry Allocation as of Jul 27 2021

Sector Weight
Enterprise Management Software 26.31%
It Infrastructure Software 15.98%
Web-Based Data And Services 15.36%
Consumer Data And Services 8.22%
Design And Engineering Software 4.13%
Internet Hosting Services 3.30%
Home And Office Software 3.15%
Games Software 2.73%
Healthcare Administrative Support Services 2.58%
Wide Area Networking Equipment 2.28%
Entertainment And Programming Providers 2.22%
Semiconductor Manufacturing Capital Equipment 2.04%
Module And Subassembly Components 1.70%
Department Stores 1.37%
Telecommunications Industry Software 1.36%
Administrative Services 1.30%
Consumer Finance Services 1.13%
Internet Support Services 1.09%
Other United States Telecommunications Services 1.07%
Finance Software And Services 1.02%
Data Storage Hardware 0.87%
Other Real Estate Investment And Services 0.78%

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 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.

Unless otherwise noted all information contained herein is that of the SPDR® FactSet Innovative Technology ETF.

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.

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.