SPDR® S&P 500® ETF Trust SPY

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 municipal market is volatile and can be significantly affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax..

Income exempt from federal income tax may be subject to state or local tax and the Federal Alternative Minimum Tax (AMT).

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.

$443.21

as of Sep 23 2021

Base Currency

USD

Assets Under Management

$400,274.53 M

as of Sep 23 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.

0.0945%


Key Features

Key Features

  • The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index (the “Index”)
  • The S&P 500 Index is a diversified large cap U.S. index that holds companies across all eleven GICS sectors
  • Launched in January 1993, SPY was the very first exchange traded fund listed in the United States


About this Benchmark

About this Benchmark

The S&P 500® Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over approximately 24 separate industry groups.


Fund Information as of Sep 25 2021

Fund Information as of Sep 25 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 Trustee Marketing Agent
S&P 500 Index Jan 22 1993 Yes 0.0945% USD State Street Global Advisors Trust Company State Street Global Advisors Funds Distributors, LLC
Benchmark S&P 500 Index
Inception Date Jan 22 1993
Options Available Yes
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.

0.0945%
Base Currency USD
Trustee State Street Global Advisors Trust Company
Marketing Agent State Street Global Advisors Funds Distributors, LLC
Distributor Distribution Frequency
ALPS Distributors, Inc. Quarterly
Distributor ALPS Distributors, Inc.
Distribution Frequency Quarterly

Listing Information as of Sep 25 2021

Listing Information as of Sep 25 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Jan 22 1993 USD SPY 78462F103 US78462F1030
Exchange NYSE ARCA EXCHANGE
Listing Date Jan 22 1993
Trading Currency USD
Ticker SPY
CUSIP 78462F103
ISIN US78462F1030

Fund Characteristics as of Sep 23 2021

Fund Characteristics as of Sep 23 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
16.62% 505 4.48 21.77 $593,291.90 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.

16.62%
Number of Holdings 505
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.

4.48
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.

21.77
Weighted Average Market Cap $593,291.90 M

Index Characteristics as of Sep 23 2021

Index Characteristics as of Sep 23 2021
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
16.61% 505 17.15 25.36 21.77
Est. 3-5 Year EPS Growth 16.61%
Number of Holdings 505
Price/Cash Flow 17.15
Price/Earnings 25.36
Price/Earnings Ratio FY1 21.77

Index Statistics as of Sep 23 2021

Index Statistics as of Sep 23 2021

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$593,290.60 M $83,419.19 M $31,271.47 M $2,431,055.80 M $6,158.46 M
Weighted Average Market Cap $593,290.60 M
Average Size
Mean $83,419.19 M
Median $31,271.47 M
Size Range
Largest $2,431,055.80 M
Smallest $6,158.46 M

Yields as of Sep 23 2021

Yields as of Sep 23 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.

1.21% - 1.28% 1.35%
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.

1.21%
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.

1.28%
Index Dividend Yield

Index Dividend Yield

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

1.35%

Fund Market Price as of Sep 23 2021

Fund Market Price as of Sep 23 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.

$443.14 $443.18 $444.88 $439.61 12,954,659 -0.02% 0.00%
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.

$443.14
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$443.18
Day High $444.88
Day Low $439.61
Exchange Volume (Shares)

Exchange Volume (shares)

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

12,954,659
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.

0.00%
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.

124 36 44
Days Traded at Discount

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

129 25 19
Days Traded at Premium

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

Calendar Year 2020 124
First Quarter of 2021 36
Second Quarter of 2021 44
Days Traded at Discount

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

Calendar Year 2020 129
First Quarter of 2021 25
Second Quarter of 2021 19
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 23 2021

Fund Net Cash Amount as of Sep 23 2021
Net Cash Amount
-$69,151,012.07
Net Cash Amount -$69,151,012.07

Fund Net Asset Value as of Sep 23 2021

Fund Net Asset Value as of Sep 23 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
$443.21 903.13 M $400,274.53 M
NAV

NAV

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

$443.21
Shares Outstanding 903.13 M
Assets Under Management $400,274.53 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Jan 22 1993

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
Jan 22 1993
Fund Before Tax
NAV Aug 31 2021 3.03% 5.47% 21.45% 30.99% 17.90% 17.85% 16.19% 10.55%
Market Value Aug 31 2021 2.99% 5.50% 21.55% 31.17% 17.91% 17.86% 16.19% 10.55%
S&P 500 Index Aug 31 2021 3.04% 5.49% 21.58% 31.17% 18.07% 18.02% 16.34% 10.68%
Fund After Tax
Return after Taxes on Distributions Aug 31 2021 3.03% 5.47% 21.14% 30.40% 17.37% 17.31% 15.66% 10.01%
Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2021 1.79% 3.24% 12.69% 18.44% 13.96% 14.32% 13.57% 9.17%
S&P 500 Index Aug 31 2021 3.04% 5.49% 21.58% 31.17% 18.07% 18.02% 16.34% 10.68%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 22 1993
Fund Before Tax
NAV Jun 30 2021 2.31% 8.51% 15.15% 40.59% 18.49% 17.48% 14.69% 10.41%
Market Value Jun 30 2021 2.23% 8.37% 15.21% 40.76% 18.48% 17.46% 14.69% 10.41%
S&P 500 Index Jun 30 2021 2.33% 8.55% 15.25% 40.79% 18.67% 17.65% 14.84% 10.54%
Fund After Tax
Return after Taxes on Distributions Jun 30 2021 2.18% 8.37% 14.86% 39.96% 17.96% 16.94% 14.17% 9.87%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2021 1.37% 5.04% 8.97% 24.16% 14.46% 14.02% 12.23% 9.04%
S&P 500 Index Jun 30 2021 2.33% 8.55% 15.25% 40.79% 18.67% 17.65% 14.84% 10.54%

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: 0.0945%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Sep 23 2021
Index Top Holdingsas of Sep 23 2021

Fund Top Holdings as of Sep 23 2021

Name Shares Held Weight
Apple Inc. 166,628,450 6.11%
Microsoft Corporation 79,739,030 5.97%
Amazon.com Inc. 4,621,345 3.94%
Alphabet Inc. Class A 3,194,702 2.25%
Facebook Inc. Class A 25,294,132 2.19%
Alphabet Inc. Class C 2,989,678 2.12%
Tesla Inc 8,609,953 1.62%
NVIDIA Corporation 26,442,160 1.48%
Berkshire Hathaway Inc. Class B 19,668,962 1.37%
JPMorgan Chase & Co. 31,706,696 1.28%
Download All Holdings: Daily

Index Top Holdings as of Sep 23 2021

Name Weight
Apple Inc. 6.11%
Microsoft Corporation 5.97%
Amazon.com Inc. 3.94%
Alphabet Inc. Class A 2.25%
Facebook Inc. Class A 2.19%
Alphabet Inc. Class C 2.12%
Tesla Inc 1.62%
NVIDIA Corporation 1.48%
Berkshire Hathaway Inc. Class B 1.37%
JPMorgan Chase & Co. 1.28%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Sep 23 2021
Index Sector Breakdownas of Sep 23 2021

Fund Sector Breakdown as of Sep 23 2021

Sector Weight
Information Technology 28.06%
Health Care 13.37%
Consumer Discretionary 12.29%
Communication Services 11.25%
Financials 11.18%
Industrials 8.02%
Consumer Staples 5.74%
Real Estate 2.61%
Energy 2.58%
Materials 2.47%
Utilities 2.43%

Index Sector Breakdown as of Sep 23 2021

Sector Weight
Information Technology 28.06%
Health Care 13.37%
Consumer Discretionary 12.30%
Communication Services 11.25%
Financials 11.17%
Industrials 8.02%
Consumer Staples 5.74%
Real Estate 2.62%
Energy 2.58%
Materials 2.47%
Utilities 2.43%

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 500 ETF Trust.

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.

All total return figures assume reinvestment of dividend and capital gains at net assets value; actual returns may differ.

The shares of the SPDR S&P 500 ETF Trust represent ownership in the SPDR S&P 500 Trust, a unit investment trust.