SPDR® SSGA Fixed Income Sector Rotation ETF FISR

Important Risk Disclosure

NAV

NAV

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

$31.25

as of Jan 21 2020

Base Currency

USD

Assets Under Management

$25.63 M

as of Jan 21 2020

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.

0.50%


Key Features

Key Features

  • The SPDR SSGA Fixed Income Sector Rotation ETF seeks to provide excess return by tactically allocating among income and yield-generating ETFs based on a proprietary process that combines quantitative and qualitative analysis
  • The fund primarily invests in ETFs that focus on one or more of the following sectors of the fixed income market: bonds issued by U.S. government or agency, treasury inflation protected securities (TIPS), corporate bonds, mortgage-backed securities, high yield bonds, international (including emerging markets) government and corporate bonds, senior loans, floating rate notes, cash equivalents, etc.
  • The Fund invests at least 80% of its net assets in fixed income securities through ETFs
  • Typically rebalanced monthly, but rebalancing may occur more or less frequently depending on market conditions

About this Benchmark

About this Benchmark

The Bloomberg Barclays U.S. Aggregate Bond Index (the "Index") is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's Financial Services, LLC, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Index is market capitalization weighted.


Fund Information as of Jan 21 2020

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 U.S. Aggregate Bond Index Apr 02 2019 No 0.50% USD SSGA Funds Management, Inc. Investment Solutions Group (ISG)
Benchmark Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date Apr 02 2019
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.

0.50%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Investment Solutions Group (ISG)
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

Listing Information as of Jan 21 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Apr 03 2019 USD FISR 78470P507 US78470P5070
Exchange NYSE ARCA EXCHANGE
Listing Date Apr 03 2019
Trading Currency USD
Ticker FISR
CUSIP 78470P507
ISIN US78470P5070

Fund Characteristics as of Jan 21 2020

Fund Characteristics as of Jan 21 2020
Number of Holdings
7
Number of Holdings 7

Yields as of Jan 21 2020

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.

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 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.

3.02% 2.79% 2.98%
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.

3.02%
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.

2.79%
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.

2.98%

Fund Market Price as of Jan 21 2020

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)

$31.30 $31.31 $31.58 $31.30 508 0.14%
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.

$31.30
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$31.31
Day High $31.58
Day Low $31.30
Exchange Volume (Shares)

Exchange Volume (shares)

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

508
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)

0.14%

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

    Fund Net Cash Amount as of Jan 21 2020
    Net Cash Amount
    $48,537.44
    Net Cash Amount $48,537.44

    Fund Net Asset Value as of Jan 21 2020

    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
    $31.25 820,000.00 $25.63 M
    NAV

    NAV

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

    $31.25
    Shares Outstanding 820,000.00
    Assets Under Management $25.63 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Apr 02 2019
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 02 2019
    NAV Dec 31 2019 0.31% 0.41% - - - - - 6.45%
    Bloomberg Barclays U.S. Aggregate Bond Index Dec 31 2019 -0.07% 0.18% 8.72% 8.72% 4.03% 3.05% 3.75% 5.92%

    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: 0.50%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Holdingsas of Jan 21 2020
    Index Top Holdingsas of Jan 22 2020

    Fund Holdings as of Jan 21 2020

    Name Ticker Shares Held Market Value Weight
    SPDR Portfolio Mortgage Backed Bond ETF SPMB 321,978 8,445,483.00 32.95%
    SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 218,999 7,778,844.50 30.35%
    SPDR Portfolio Intermediate Term Treasury ETF SPTI 168,990 5,267,418.50 20.55%
    SPDR Bloomberg Barclays High Yield Bond ETF JNK 23,225 2,552,659.80 9.96%
    SPDR Bloomberg Barclays 1-3 Month T-Bill ETF BIL 16,778 1,535,354.80 5.99%
    State Street Instl Us Governme Open-End 85749270 50,342 50,342.24 0.20%
    SPDR Portfolio Long Term Corporate Bond ETF SPLB 18 553.68 0.00%
    U.S. Dollar CASH_USD -31 -31.36 0.00%
    Download All Holdings: Daily

    Index Top Holdings as of Jan 22 2020

    Name Weight
    Federal National Mortgage Association 3 03/01/2046 0.79%
    Government National Mortgage Association 3 04/01/2046 0.69%
    Government National Mortgage Association 3.5 04/01/2047 0.68%
    Federal National Mortgage Association 4 05/01/2048 0.63%
    Federal National Mortgage Association 3.5 04/01/2047 0.62%
    Federal National Mortgage Association 3 03/01/2049 0.61%
    Federal Home Loan Mortgage Corporation 3 03/01/2046 0.56%
    Federal National Mortgage Association 3.5 01/01/2045 0.50%
    Federal National Mortgage Association 3.5 03/01/2049 0.49%
    Federal Home Loan Mortgage Corporation 3 02/01/2049 0.46%

    Sector Allocation

    Sector Allocation
    Sector Breakdownas of Jan 21 2020
    Index Sector Breakdownas of Jan 22 2020

    Sector Breakdown as of Jan 21 2020

    Sector Weight
    Mortgage Backed Securities 32.95%
    US Corporate Intermediate Maturity 30.35%
    US Treasury Intermediate Maturity 20.55%
    High Yield 9.96%
    US Treasury Bill 5.99%
    Unassigned 0.20%

    Index Sector Breakdown as of Jan 22 2020

    Sector Weight
    Treasury 39.78%
    Mortgage Backed Securities 26.87%
    Corporate - Industrial 15.40%
    Corporate - Finance 7.85%
    CMBS 2.09%
    Corporate - Utility 1.88%
    Non Corporates - Supranationals 1.32%
    Non Corporates - Foreign Agency 1.25%
    Agency 1.15%
    NON CORPORATES - Sovereigns 1.01%
    Non Corporates - Foreign Local Govt 0.96%
    Asset Backed Securities 0.45%

    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 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 SSGA Fixed Income Sector Rotation 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.