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Special Notice for Funds With Russian Exposure: If market quotations, official closing prices, and/or information furnished by approved pricing sources are not readily available or are deemed unreliable for a portfolio instrument, then that instrument will be valued at fair value as determined in good faith in accordance with SSGA’s fair value pricing procedures. Certain fund holdings have been fair valued at zero but may not yet be reflected as such in the fund holdings file.


SPDR® FactSet Innovative Technology ETF XITK

NAV
$114.81
as of Mar 29 2023
Base Currency
USD
Assets Under Management
$104.47 M
as of Mar 29 2023
Gross Expense Ratio
0.45%

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


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 Mar 30 2023

Benchmark FactSet Innovative Technology Index
Inception Date Jan 13 2016
Options Available No
Gross Expense Ratio
0.45%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly

Listing Information as of Mar 30 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Jan 14 2016 USD XITK 78464A110 US78464A1108

Fund Characteristics as of Mar 29 2023

Est. 3-5 Year EPS Growth
29.33%
Number of Holdings 101
Price/Book Ratio
3.14
Price/Earnings Ratio FY1
27.42
Weighted Average Market Cap $32,566.50 M

Index Characteristics as of Mar 29 2023

Est. 3-5 Year EPS Growth 29.38%
Number of Holdings 100
Price/Cash Flow 17.51
Price/Earnings 22.58
Price/Earnings Ratio FY1 27.22

Index Statistics as of Mar 29 2023

Average Size Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$32,220.47 M $26,202.84 M $4,934.60 M $665,425.44 M $449.81 M

Yields as of Mar 28 2023

30 Day SEC Yield
0.15%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
0.10%
Index Dividend Yield
0.34%

Fund Market Price as of Mar 29 2023

Bid/Ask
$114.78
Closing Price
$114.74
Day High $114.74
Day Low $113.50
Exchange Volume (Shares)
537
Premium/Discount
-0.02%
30-Day Median Bid/Ask Spread
0.20%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
44
Days Traded at Discount
207

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 Mar 29 2023

Net Cash Amount -$6,163.78

Fund Net Asset Value as of Mar 29 2023

NAV
$114.81
Shares Outstanding 910,000.00
Assets Under Management $104.47 M

Fund Performance

  • Fund Inception Date: Jan 13 2016

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 13 2016
Fund Before Tax
NAV Feb 28 2023 -2.24% 13.41% 13.41% -29.28% -0.14% 5.93% - 13.04%
Market Value Feb 28 2023 -2.24% 13.36% 13.36% -29.22% -0.13% 5.90% - 13.04%
Benchmark
Feb 28 2023 -2.23% 13.45% 13.45% -29.14% 0.19% 6.34% - 13.47%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 -2.24% 13.41% 13.41% -29.30% -0.16% 5.80% - 12.74%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -1.32% 7.94% 7.94% -17.32% -0.11% 4.58% - 10.53%
Benchmark
Feb 28 2023 -2.23% 13.45% 13.45% -29.14% 0.19% 6.34% - 13.47%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 13 2016
Fund Before Tax
NAV Dec 31 2022 -2.54% 0.56% -47.49% -47.49% -4.01% 5.56% - 11.33%
Market Value Dec 31 2022 -2.49% 0.56% -47.48% -47.48% -4.01% 5.55% - 11.33%
Benchmark
Dec 31 2022 -2.49% 0.67% -47.38% -47.38% -3.69% 5.96% - 11.75%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 -2.54% 0.56% -47.51% -47.51% -4.03% 5.43% - 11.03%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -1.50% 0.33% -28.11% -28.11% -3.03% 4.29% - 9.06%
Benchmark
Dec 31 2022 -2.49% 0.67% -47.38% -47.38% -3.69% 5.96% - 11.75%

Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. 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.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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

as of Mar 29 2023
as of Mar 29 2023

Fund Top Holdings as of Mar 29 2023

Name Shares Held Weight
Kingsoft Cloud Holdings Ltd. Sponsored ADR 287,822 2.03%
Duolingo Inc. Class A 13,519 1.77%
iQIYI Inc. Sponsored ADR Class A 253,458 1.70%
Meta Platforms Inc. Class A 8,060 1.58%
Fastly Inc. Class A 97,594 1.55%
Spotify Technology SA 11,907 1.48%
NVIDIA Corporation 5,478 1.41%
Aehr Test Systems 38,194 1.38%
Schrodinger Inc. 56,450 1.33%
Perion Network Ltd 35,930 1.33%
Download All Holdings: Daily

Index Top Holdings as of Mar 29 2023

Name Weight
Kingsoft Cloud Holdings Ltd. Sponsored ADR 2.03%
Duolingo Inc. Class A 1.78%
iQIYI Inc. Sponsored ADR Class A 1.70%
Meta Platforms Inc. Class A 1.58%
Fastly Inc. Class A 1.55%
Spotify Technology SA 1.48%
NVIDIA Corporation 1.41%
Aehr Test Systems 1.38%
Schrodinger Inc. 1.33%
Perion Network Ltd 1.33%

Sub-Industry Allocation

as of Mar 29 2023
as of Mar 29 2023

Fund Sub-Industry Allocation as of Mar 29 2023

Sector Weight
Sector Weight
Enterprise Management Software 15.46%
It Infrastructure Software 15.43%
Web-Based Data And Services 7.56%
Consumer Data And Services 7.52%
Semiconductor Manufacturing Capital Equipment 7.38%
Healthcare Administrative Support Services 6.25%
Entertainment And Programming Providers 4.95%
Internet Hosting Services 4.20%
Specialized Semiconductors 3.58%
Information Technology Consulting 3.48%
Analog And Mixed Signal Semiconductors 3.34%
Finance Software And Services 3.28%
Infrastructure And Network Consulting Services 2.95%
Design And Engineering Software 2.92%
Games Software 2.09%
General And Mixed-Type Software 1.30%
Commerce Equipment 1.26%
Computer Systems 1.13%
Accommodation Providers 1.02%
Media Industry Electronics Manufacturing 1.01%
Administrative Services 0.96%
Other It Distributors 0.93%
Local Area Networking Equipment 0.84%
Retail Industry Software 0.79%
Interconnect Electronic Components 0.39%

Index Sub-Industry Allocation as of Mar 29 2023

Sector Weight
Sector Weight
Enterprise Management Software 15.31%
It Infrastructure Software 15.27%
Web-Based Data And Services 7.48%
Consumer Data And Services 7.47%
Semiconductor Manufacturing Capital Equipment 7.30%
Healthcare Administrative Support Services 6.19%
Entertainment And Programming Providers 4.90%
Analog And Mixed Signal Semiconductors 4.29%
Internet Hosting Services 4.16%
Specialized Semiconductors 3.54%
Information Technology Consulting 3.43%
Finance Software And Services 3.25%
Infrastructure And Network Consulting Services 2.91%
Design And Engineering Software 2.90%
Games Software 2.06%
General And Mixed-Type Software 1.29%
Commerce Equipment 1.25%
Computer Systems 1.12%
Accommodation Providers 1.01%
Media Industry Electronics Manufacturing 1.00%
Administrative Services 0.94%
Other It Distributors 0.91%
Local Area Networking Equipment 0.83%
Retail Industry Software 0.78%
Interconnect Electronic Components 0.39%

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.


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.