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SPDR® Portfolio S&P 500® Value ETF SPYV

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.

Value stocks can perform differently from the market as a whole. They can remain undervalued by the market for long periods of time.

Returns on investments in stocks of large U.S. companies could trail the returns on investments in stocks of smaller and mid-sized companies.

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.

$38.93

as of Sep 20 2021

Base Currency

USD

Assets Under Management

$12,156.78 M

as of Sep 20 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.

0.04%


Key Features

Key Features

  • The SPDR® Portfolio S&P 500® Value ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® 500 Value 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 exposure to S&P 500 companies that could be undervalued relative to the broader market
  • The Index contains stocks that exhibit the strongest value characteristics based on: book value to price ratio; earnings to price ratio; and sales to price ratio


About this Benchmark

About this Benchmark

The S&P 500 Value Index measures the performance of the large-capitalization value segment in the U.S. equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on: (i) book value to price ratio; (ii) earnings to price ratio; and (iii) sales to price ratio. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts (“REITs”). The Index is market capitalization weighted.


Fund Information as of Sep 22 2021

Fund Information as of Sep 22 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
S&P 500 Value Index Sep 25 2000 No 0.04% USD SSGA Funds Management, Inc. Global Equity Beta Solutions
Benchmark S&P 500 Value Index
Inception Date Sep 25 2000
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.

0.04%
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 Sep 22 2021

Listing Information as of Sep 22 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Sep 25 2000 USD SPYV 78464A508 US78464A5083
Exchange NYSE ARCA EXCHANGE
Listing Date Sep 25 2000
Trading Currency USD
Ticker SPYV
CUSIP 78464A508
ISIN US78464A5083

Fund Characteristics as of Sep 21 2021

Fund Characteristics as of Sep 21 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
13.74% 431 2.57 16.01 $153,194.50 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.

13.74%
Number of Holdings 431
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.

2.57
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.

16.01
Weighted Average Market Cap $153,194.50 M

Index Characteristics as of Sep 20 2021

Index Characteristics as of Sep 20 2021
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
13.73% 431 11.89 18.53 16.07
Est. 3-5 Year EPS Growth 13.73%
Number of Holdings 431
Price/Cash Flow 11.89
Price/Earnings 18.53
Price/Earnings Ratio FY1 16.07

Index Statistics as of Sep 20 2021

Index Statistics as of Sep 20 2021

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$153,565.44 M $57,864.00 M $30,063.23 M $621,568.60 M $6,085.15 M
Weighted Average Market Cap $153,565.44 M
Average Size
Mean $57,864.00 M
Median $30,063.23 M
Size Range
Largest $621,568.60 M
Smallest $6,085.15 M

Yields as of Sep 20 2021

Yields as of Sep 20 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.

2.07% - 2.11% 2.18%
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.

2.07%
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.

2.11%
Index Dividend Yield

Index Dividend Yield

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

2.18%

Fund Market Price as of Sep 20 2021

Fund Market Price as of Sep 20 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.

$38.94 $38.95 $39.07 $38.50 353,213 0.01% 0.02%
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.

$38.94
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$38.95
Day High $39.07
Day Low $38.50
Exchange Volume (Shares)

Exchange Volume (shares)

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

353,213
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.

0.02%
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.

143 39 37
Days Traded at Discount

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

110 22 26
Days Traded at Premium

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

Calendar Year 2020 143
First Quarter of 2021 39
Second Quarter of 2021 37
Days Traded at Discount

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

Calendar Year 2020 110
First Quarter of 2021 22
Second Quarter of 2021 26
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 Sep 20 2021

Fund Net Cash Amount as of Sep 20 2021
Net Cash Amount
-$12,817,790.75
Net Cash Amount -$12,817,790.75

Fund Net Asset Value as of Sep 20 2021

Fund Net Asset Value as of Sep 20 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
$38.93 312.25 M $12,156.78 M
NAV

NAV

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

$38.93
Shares Outstanding 312.25 M
Assets Under Management $12,156.78 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Sep 25 2000

as of Aug 31 2021

as of Jun 30 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 25 2000
Fund Before Tax
NAV Aug 31 2021 1.72% 2.51% 19.17% 33.16% 12.01% 12.28% 13.11% 7.14%
Market Value Aug 31 2021 1.71% 2.53% 19.25% 33.21% 12.01% 12.28% 13.12% 7.14%
S&P 500 Value Index Aug 31 2021 1.72% 2.53% 19.24% 33.24% 12.08% 12.36% 13.26% 7.71%
Fund After Tax
Return after Taxes on Distributions Aug 31 2021 1.72% 2.51% 18.61% 32.13% 11.19% 11.44% 12.39% 6.53%
Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2021 1.02% 1.49% 11.33% 19.75% 9.11% 9.51% 10.74% 5.81%
S&P 500 Value Index Aug 31 2021 1.72% 2.53% 19.24% 33.24% 12.08% 12.36% 13.26% 7.71%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 25 2000
Fund Before Tax
NAV Jun 30 2021 -1.18% 4.97% 16.25% 39.44% 13.07% 12.45% 11.70% 7.07%
Market Value Jun 30 2021 -1.22% 4.86% 16.31% 39.53% 13.05% 12.43% 11.71% 7.07%
S&P 500 Value Index Jun 30 2021 -1.17% 4.99% 16.30% 39.54% 13.14% 12.54% 11.85% 7.64%
Fund After Tax
Return after Taxes on Distributions Jun 30 2021 -1.39% 4.75% 15.70% 38.36% 12.24% 11.61% 11.00% 6.46%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2021 -0.70% 2.94% 9.61% 23.49% 9.96% 9.66% 9.50% 5.74%
S&P 500 Value Index Jun 30 2021 -1.17% 4.99% 16.30% 39.54% 13.14% 12.54% 11.85% 7.64%

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.

The S&P 500 Value Index reflects linked performance returns of both the S&P 500 Value Index and the Dow Jones U.S. Large-Cap Value Total Stock Market Index. The index returns are reflective of the Dow Jones U.S. Large-Cap Value Total Stock Market Index from fund inception until 12/17/2010 and of the S&P 500 Value Index effective 12/17/2010.

Gross Expense Ratio: 0.04%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Sep 21 2021
Index Top Holdingsas of Sep 20 2021

Fund Top Holdings as of Sep 21 2021

Name Shares Held Weight
Berkshire Hathaway Inc. Class B 1,335,405 3.01%
JPMorgan Chase & Co. 2,152,687 2.72%
Walt Disney Company 1,309,653 1.85%
Bank of America Corp 5,334,584 1.72%
Johnson & Johnson 1,138,975 1.55%
Pfizer Inc. 4,034,968 1.46%
Cisco Systems Inc. 3,037,701 1.39%
Exxon Mobil Corporation 3,049,497 1.35%
Verizon Communications Inc. 2,982,163 1.33%
Intel Corporation 2,922,664 1.28%
Download All Holdings: Daily

Index Top Holdings as of Sep 20 2021

Name Weight
Berkshire Hathaway Inc. Class B 3.01%
JPMorgan Chase & Co. 2.71%
Walt Disney Company 1.92%
Bank of America Corp 1.72%
Johnson & Johnson 1.53%
Pfizer Inc. 1.47%
Cisco Systems Inc. 1.40%
Exxon Mobil Corporation 1.35%
Verizon Communications Inc. 1.33%
Intel Corporation 1.27%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Sep 21 2021
Index Sector Breakdownas of Sep 20 2021

Fund Sector Breakdown as of Sep 21 2021

Sector Weight
Financials 20.68%
Health Care 15.33%
Industrials 11.38%
Information Technology 11.29%
Consumer Staples 9.14%
Consumer Discretionary 7.65%
Communication Services 6.39%
Energy 5.36%
Utilities 4.90%
Real Estate 4.50%
Materials 3.37%

Index Sector Breakdown as of Sep 20 2021

Sector Weight
Financials 20.63%
Health Care 15.28%
Industrials 11.44%
Information Technology 11.30%
Consumer Staples 9.12%
Consumer Discretionary 7.65%
Communication Services 6.48%
Energy 5.33%
Utilities 4.91%
Real Estate 4.50%
Materials 3.37%

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® Portfolio S&P 500® Value 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.

The S&P 500 Value Index reflects linked performance returns of both the S&P 500 Value Index and the Dow Jones U.S. Large-Cap Value Total Stock Market Index. The index returns are reflective of the Dow Jones U.S. Large-Cap Value Total Stock Market Index from fund inception until 12/17/2010 and of the S&P 500 Value Index effective 12/17/2010.