SPTL: SPDR® Portfolio Long Term Treasury ETF

NAV

$40.03

as of Jan 21 2020

Base Currency

USD

Assets Under Management

$1,869.62 M

as of Jan 21 2020

Gross Expense Ratio

0.06%

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Key Features

The SPDR^® Portfolio Long Term Treasury ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Long U.S. Treasury Index (the "Index")
One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes
A low cost ETF that seeks to offer precise, comprehensive exposure to US Treasuries with remaining maturities of 10 or more years
May be more sensitive to interest rate fluctuations than vehicles with shorter duration, and is market cap weighted and reconstituted on the last business day of the month

About this Benchmark

The Bloomberg Barclays Long U.S. Treasury Index (the "Index") is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of 10 years or more. The Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of 10 years or more, are rated investment grade, and have $300 million or more of outstanding face value. In addition, the securities must be denominated in U.S. dollars and must be fixed rate and non-convertible. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes, state and local government series bonds, inflation protected public obligations of the U.S. Treasury, commonly known as "TIPS," and coupon issues that have been stripped from bonds included in the Index. The Index is market capitalization weighted.

Fund Information as of Jan 21 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.	Base Currency	Investment Manager	Management Team
Bloomberg Barclays Long U.S. Treasury Index	May 23 2007	No	0.06%	USD	SSGA Funds Management, Inc.	Global Fixed Income, Cash and Currency

Benchmark	Bloomberg Barclays Long U.S. Treasury Index
Inception Date	May 23 2007
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.	0.06%
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 Jan 21 2020

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	May 23 2007	USD	SPTL	78464A664	US78464A6644

Exchange	NYSE ARCA EXCHANGE
Listing Date	May 23 2007
Trading Currency	USD
Ticker	SPTL
CUSIP	78464A664
ISIN	US78464A6644

Fund Characteristics as of Jan 22 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.
58	3.24%	24.84	$118.47	2.18%	2.70%	18.09 years

Number of Holdings	58
Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio.	3.24%
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.	24.84
Average Price	$118.47
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.	2.18%
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.	2.70%
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.	18.09 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.
0.31	2.18%

Option Adjusted Spread	0.31
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.	2.18%

Index Characteristics as of Jan 22 2020

Number of Holdings	Average Coupon	Average Maturity in Years	Average Price	Average Yield To Worst	Current Yield	Option Adjusted Duration
51	3.23%	24.92	$118.50	2.19%	2.70%	18.16 years

Number of Holdings	51
Average Coupon	3.23%
Average Maturity in Years	24.92
Average Price	$118.50
Average Yield To Worst	2.19%
Current Yield	2.70%
Option Adjusted Duration	18.16 years

Option Adjusted Spread	Yield to Maturity
0.30	2.19%

Option Adjusted Spread	0.30
Yield to Maturity	2.19%

Yields as of Jan 21 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.	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.
2.20%	2.38%

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.	2.20%
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.	2.38%

Fund Market Price as of Jan 21 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)
$40.04	$40.05	$40.09	$39.85	33,397	0.01%

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.	$40.04
Closing Price Closing Price Market Price of last reported trade on the exchange.	$40.05
Day High	$40.09
Day Low	$39.85
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	33,397
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%

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 Jan 21 2020

Net Cash Amount
$15,771,695.74

Net Cash Amount

$15,771,695.74

Fund Net Asset Value as of Jan 21 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
$40.03	46.70M	$1,869.62 M

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$40.03
Shares Outstanding	46.70M
Assets Under Management	$1,869.62 M

Most Recent NAV / NAV History

Fund Performance
View as

Fund Performance

Fund Inception Date: May 23 2007

Performance

Month End Quarter End

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception May 23 2007
Fund Before Tax
NAV	Dec 31 2019	-2.79%	-4.13%	14.76%	14.76%	6.88%	4.05%	6.90%	6.88%
Market Value	Dec 31 2019	-3.11%	-4.52%	13.92%	13.92%	6.89%	3.99%	6.87%	6.85%
Bloomberg Barclays Long U.S. Treasury Index	Dec 31 2019	-2.79%	-4.12%	14.83%	14.83%	6.95%	4.13%	7.01%	6.96%
Fund After Tax
Return after Taxes on Distributions	Dec 31 2019	-2.94%	-4.42%	13.59%	13.59%	5.72%	2.94%	5.70%	5.59%
Return after Taxes on Distributions and Sale of Fund Shares	Dec 31 2019	-1.65%	-2.44%	8.71%	8.71%	4.77%	2.59%	4.94%	4.93%
Bloomberg Barclays Long U.S. Treasury Index	Dec 31 2019	-2.79%	-4.12%	14.83%	14.83%	6.95%	4.13%	7.01%	6.96%

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception May 23 2007
Fund Before Tax
NAV	Dec 31 2019	-2.79%	-4.13%	14.76%	14.76%	6.88%	4.05%	6.90%	6.88%
Market Value	Dec 31 2019	-3.11%	-4.52%	13.92%	13.92%	6.89%	3.99%	6.87%	6.85%
Bloomberg Barclays Long U.S. Treasury Index	Dec 31 2019	-2.79%	-4.12%	14.83%	14.83%	6.95%	4.13%	7.01%	6.96%
Fund After Tax
Return after Taxes on Distributions	Dec 31 2019	-2.94%	-4.42%	13.59%	13.59%	5.72%	2.94%	5.70%	5.59%
Return after Taxes on Distributions and Sale of Fund Shares	Dec 31 2019	-1.65%	-2.44%	8.71%	8.71%	4.77%	2.59%	4.94%	4.93%
Bloomberg Barclays Long U.S. Treasury Index	Dec 31 2019	-2.79%	-4.12%	14.83%	14.83%	6.95%	4.13%	7.01%	6.96%

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: 0.06%

Top Holdings
Subject to change.

Top Holdings

Fund Top Holdingsas of Jan 22 2020

Index Top Holdingsas of Jan 22 2020

Fund Top Holdings as of Jan 22 2020

Name	Market Value	ISIN	Weight
US TREASURY N/B 3.375 11/15/2048	72,765,128.64	US912810SE91	3.82%
US TREASURY N/B 3 02/15/2049	66,726,959.84	US912810SF66	3.50%
US TREASURY N/B 3 08/15/2048	63,377,018.35	US912810SD19	3.32%
US TREASURY N/B 2.875 05/15/2049	62,100,058.92	US912810SH23	3.26%
US TREASURY N/B 3.625 02/15/2044	57,300,559.95	US912810RE01	3.00%
US TREASURY N/B 3.125 05/15/2048	56,610,446.86	US912810SC36	2.97%
US TREASURY N/B 3 02/15/2048	56,492,573.65	US912810SA79	2.96%
US TREASURY N/B 3.75 11/15/2043	55,635,991.11	US912810RD28	2.92%
US TREASURY N/B 3.125 08/15/2044	53,287,793.96	US912810RH32	2.79%
US TREASURY N/B 3.375 05/15/2044	52,898,274.92	US912810RG58	2.77%

Download All Holdings: Daily
Centralized Systematic Valuation Aggregated Cash Flow (ACF) File »

Index Top Holdings as of Jan 22 2020

Name	ISIN	Weight
US TREASURY N/B 3.375 11/15/2048	US912810SE91	3.60%
US TREASURY N/B 3 02/15/2049	US912810SF66	3.39%
US TREASURY N/B 2.875 05/15/2049	US912810SH23	3.29%
US TREASURY N/B 3 08/15/2048	US912810SD19	3.18%
US TREASURY N/B 3.125 05/15/2048	US912810SC36	3.03%
US TREASURY N/B 3.625 02/15/2044	US912810RE01	2.99%
US TREASURY N/B 3.75 11/15/2043	US912810RD28	2.94%
US TREASURY N/B 2.25 08/15/2049	US912810SJ88	2.92%
US TREASURY N/B 3.375 05/15/2044	US912810RG58	2.87%
US TREASURY N/B 3.125 08/15/2044	US912810RH32	2.80%

Sector Allocation

Fund Sector Breakdownas of Jan 22 2020

Index Sector Breakdownas of Jan 22 2020

Fund Sector Breakdown as of Jan 22 2020

Sector	Weight
Treasury	99.78%
Cash	0.22%

Index Sector Breakdown as of Jan 22 2020

Sector	Weight
Treasury	100.00%

Quality Breakdown

Fund Quality Breakdownas of Jan 22 2020

Index Quality Breakdownas of Jan 22 2020

Fund Quality Breakdown as of Jan 22 2020

Name	Weight
Aaa	100.00%

Index Quality Breakdown as of Jan 22 2020

Name	Weight
Aaa	100.00%

Maturity Ladder

Fund Maturity Ladderas of Jan 22 2020

Index Maturity Ladderas of Jan 22 2020

Fund Maturity Ladder as of Jan 22 2020

Name	Weight
0 - 1 Year	0.22%
10 - 15 Years	1.58%
15 - 20 Years	6.89%
20 - 30 Years	91.31%

Index Maturity Ladder as of Jan 22 2020

Name	Weight
10 - 15 Years	1.68%
15 - 20 Years	6.90%
20 - 30 Years	91.43%

Fund Documents

ETF Historical Distributions

Tax Documents

American Jobs Creation Act QII (2019)

SPDR ICI Tax Summary (Primary)

American Job Creation Act QII (2018)

SPDR ICI Tax Summary (Secondary)

Information & Schedules

SPDR® ETF Listing

Notice to APs: Basket Composition on 12/31/2019

Notice to APs- Changes to the US SPDR Website 12.11.19

SPDR Dividend Distribution Schedule

Notice to APs: Basket Composition on 11/29/2019

SPDR ETFs 2019 Estimated Capital Gains

Insights & Investment Ideas

SPDR Fixed Income ETF Dashboard

Education

Fixed Income ETFs: Fact vs. Fiction

Build Your Core with SPDR® Portfolio ETFs

Benefits & Uses of Low Cost Core ETFs

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^® Portfolio Long Term Treasury 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.

SPDR® Portfolio Long Term Treasury ETF SPTL