SPDR® S&P® 1500 Value Tilt ETF VLU

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.

The Fund employs a value style of investing that emphasizes undervalued companies with characteristics for improved valuations, which may never improve and may actually have lower returns than other styles of investing or the overall stock market.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

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.

$150.53

as of Oct 27 2021

Base Currency

USD

Assets Under Management

$227.30 M

as of Oct 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.

0.12%


Key Features

Key Features

  • The SPDR® S&P®1500 Value Tilt ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of  the S&P® 1500 Low Valuation Tilt Index (the “Index”)
  • The Index overweights stocks with relatively low valuations and underweight stocks with relatively high valuations
  • The Index contains stocks that exhibit the strongest value characteristics based on: price to earnings ratio, price to cash flow ratio, price to sales ratio, price to book ratio, and dividends paid


About this Benchmark

About this Benchmark

 The S&P 1500 Low Valuation Tilt Index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations (i.e., relatively “cheap”) are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations (i.e., relatively “rich”) are underweight. The S&P Composite 1500 Index, one of the leading indices of the U.S. equity market, is a capitalization-weighted combination of the large-cap S&P 500 Index, the S&P MidCap 400 Index, and the S&P Small Cap 600 Index.


Fund Information as of Oct 28 2021

Fund Information as of Oct 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
S&P 1500 Low Valuation Tilt Index Oct 24 2012 No 0.12% USD SSGA Funds Management, Inc. Global Equity Beta Solutions
Benchmark S&P 1500 Low Valuation Tilt Index
Inception Date Oct 24 2012
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.

0.12%
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 Oct 28 2021

Listing Information as of Oct 28 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Oct 25 2012 USD VLU 78464A128 US78464A1280
Exchange NYSE ARCA EXCHANGE
Listing Date Oct 25 2012
Trading Currency USD
Ticker VLU
CUSIP 78464A128
ISIN US78464A1280

Fund Characteristics as of Oct 27 2021

Fund Characteristics as of Oct 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
14.66% 1,426 2.39 15.05 $302,071.00 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.

14.66%
Number of Holdings 1,426
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.

2.39
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.

15.05
Weighted Average Market Cap $302,071.00 M

Index Characteristics as of Oct 27 2021

Index Characteristics as of Oct 27 2021
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
14.64% 1,474 10.42 15.19 15.06
Est. 3-5 Year EPS Growth 14.64%
Number of Holdings 1,474
Price/Cash Flow 10.42
Price/Earnings 15.19
Price/Earnings Ratio FY1 15.06

Index Statistics as of Oct 27 2021

Index Statistics as of Oct 27 2021

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$257,524.22 M $28,406.75 M $4,704.91 M $2,483,953.80 M $146.10 M
Weighted Average Market Cap $257,524.22 M
Average Size
Mean $28,406.75 M
Median $4,704.91 M
Size Range
Largest $2,483,953.80 M
Smallest $146.10 M

Yields as of Oct 27 2021

Yields as of Oct 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.

1.79% - 1.76% 2.06%
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.

1.79%
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.

1.76%
Index Dividend Yield

Index Dividend Yield

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

2.06%

Fund Market Price as of Oct 27 2021

Fund Market Price as of Oct 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.

$150.50 $150.50 $152.10 $150.50 5,189 -0.02% 0.05%
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.

$150.50
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$150.50
Day High $152.10
Day Low $150.50
Exchange Volume (Shares)

Exchange Volume (shares)

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

5,189
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)

-0.02%
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.

0.05%
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 Third Quarter of 2021
Days Traded at Premium

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

178 56 63 32
Days Traded at Discount

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

75 5 0 32
Days Traded at Premium

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

Calendar Year 2020 178
First Quarter of 2021 56
Second Quarter of 2021 63
Third Quarter of 2021 32
Days Traded at Discount

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

Calendar Year 2020 75
First Quarter of 2021 5
Second Quarter of 2021 0
Third Quarter of 2021 32
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 Oct 27 2021

Fund Net Cash Amount as of Oct 27 2021
Net Cash Amount
$219,097.07
Net Cash Amount $219,097.07

Fund Net Asset Value as of Oct 27 2021

Fund Net Asset Value as of Oct 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
$150.53 1.51 M $227.30 M
NAV

NAV

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

$150.53
Shares Outstanding 1.51 M
Assets Under Management $227.30 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Oct 24 2012

as of Sep 30 2021

as of Sep 30 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 24 2012
Fund Before Tax
NAV Sep 30 2021 -3.42% -0.82% 20.89% 44.78% 12.96% 14.50% - 13.92%
Market Value Sep 30 2021 -3.45% -0.90% 20.89% 44.83% 12.95% 14.50% - 13.92%
S&P 1500 Low Valuation Tilt Index Sep 30 2021 -3.41% -0.80% 21.04% 45.10% 13.21% 14.70% - 14.18%
Fund After Tax
Return after Taxes on Distributions Sep 30 2021 -3.61% -1.02% 20.18% 43.76% 12.24% 13.80% - 12.89%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 -2.02% -0.48% 12.36% 26.58% 9.90% 11.43% - 11.14%
S&P 1500 Low Valuation Tilt Index Sep 30 2021 -3.41% -0.80% 21.04% 45.10% 13.21% 14.70% - 14.18%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 24 2012
Fund Before Tax
NAV Sep 30 2021 -3.42% -0.82% 20.89% 44.78% 12.96% 14.50% - 13.92%
Market Value Sep 30 2021 -3.45% -0.90% 20.89% 44.83% 12.95% 14.50% - 13.92%
S&P 1500 Low Valuation Tilt Index Sep 30 2021 -3.41% -0.80% 21.04% 45.10% 13.21% 14.70% - 14.18%
Fund After Tax
Return after Taxes on Distributions Sep 30 2021 -3.61% -1.02% 20.18% 43.76% 12.24% 13.80% - 12.89%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 -2.02% -0.48% 12.36% 26.58% 9.90% 11.43% - 11.14%
S&P 1500 Low Valuation Tilt Index Sep 30 2021 -3.41% -0.80% 21.04% 45.10% 13.21% 14.70% - 14.18%

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: 0.12%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Oct 27 2021
Index Top Holdingsas of Oct 27 2021

Fund Top Holdings as of Oct 27 2021

Name Shares Held Total Mkt Cap M Weight
Berkshire Hathaway Inc. Class B 20,325 $381,415.88 2.58%
Walmart Inc. 36,166 $411,387.06 2.35%
Apple Inc. 31,949 $2,460,515.30 2.09%
Bank of America Corp 96,280 $395,837.10 1.99%
AT&T Inc. 180,693 $178,928.40 1.99%
Amazon.com Inc. 1,118 $1,718,094.50 1.67%
Microsoft Corporation 11,191 $2,426,354.30 1.59%
Exxon Mobil Corporation 55,081 $271,498.38 1.56%
JPMorgan Chase & Co. 18,327 $501,502.13 1.35%
CVS Health Corporation 33,348 $116,241.34 1.29%
Download All Holdings: Daily

Index Top Holdings as of Oct 27 2021

Name Weight
Berkshire Hathaway Inc. Class B 2.58%
Walmart Inc. 2.35%
Apple Inc. 2.09%
Bank of America Corp 2.00%
AT&T Inc. 1.99%
Amazon.com Inc. 1.68%
Microsoft Corporation 1.60%
Exxon Mobil Corporation 1.56%
JPMorgan Chase & Co. 1.36%
CVS Health Corporation 1.30%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Oct 27 2021
Index Sector Breakdownas of Oct 27 2021

Fund Sector Breakdown as of Oct 27 2021

Sector Weight
Financials 21.91%
Information Technology 12.78%
Health Care 11.88%
Consumer Discretionary 10.27%
Communication Services 9.46%
Industrials 8.81%
Consumer Staples 8.44%
Energy 6.54%
Utilities 3.51%
Materials 3.31%
Real Estate 3.09%

Index Sector Breakdown as of Oct 27 2021

Sector Weight
Financials 21.90%
Information Technology 12.77%
Health Care 11.94%
Consumer Discretionary 10.24%
Communication Services 9.46%
Industrials 8.78%
Consumer Staples 8.44%
Energy 6.56%
Utilities 3.54%
Materials 3.28%
Real Estate 3.08%

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 S&P 1500 Value Tilt 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.