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SPDR® SSGA Fixed Income Sector Rotation ETF FISR

NAV
$26.21
as of Mar 30 2023
Base Currency
USD
Assets Under Management
$161.74 M
as of Mar 30 2023
Gross Expense Ratio
0.50%

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


The Bloomberg 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 Apr 01 2023

Benchmark Bloomberg U.S. Aggregate Bond Index
Inception Date Apr 02 2019
Options Available No
Gross Expense Ratio
0.50%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Investment Solutions Group (ISG)
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Apr 01 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Apr 03 2019 USD FISR 78470P507 US78470P5070

Fund Characteristics as of Mar 30 2023

Number of Holdings 8

Yields as of Mar 30 2023

30 Day SEC Yield
2.28%
30 Day SEC Yield (Unsubsidized)
2.09%
Fund Distribution Yield
2.25%

Fund Market Price as of Mar 30 2023

Bid/Ask
$26.22
Closing Price
$26.21
Day High $26.24
Day Low $26.18
Exchange Volume (Shares)
2,244
Premium/Discount
0.02%
30-Day Median Bid/Ask Spread
0.11%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
140
Days Traded at Discount
111

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 Mar 30 2023

Net Cash Amount $252,129.63

Fund Net Asset Value as of Mar 30 2023

NAV
$26.21
Shares Outstanding 6.17 M
Assets Under Management $161.74 M

Fund Performance

  • Fund Inception Date: Apr 02 2019

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 02 2019
Fund Before Tax
NAV Feb 28 2023 -3.02% 0.53% 0.53% -11.90% -4.70% - - -1.58%
Market Value Feb 28 2023 -3.01% 0.55% 0.55% -11.84% -4.70% - - -1.57%
Benchmark
Feb 28 2023 -2.59% 0.41% 0.41% -9.72% -3.77% 0.53% 1.12% -0.53%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 -3.12% 0.42% 0.42% -12.67% -5.53% - - -2.57%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -1.79% 0.31% 0.31% -7.03% -3.84% - - -1.56%
Benchmark
Feb 28 2023 -2.59% 0.41% 0.41% -9.72% -3.77% 0.53% 1.12% -0.53%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 02 2019
Fund Before Tax
NAV Dec 31 2022 -1.09% 1.25% -15.67% -15.67% -4.24% - - -1.78%
Market Value Dec 31 2022 -1.19% 1.23% -15.68% -15.68% -4.28% - - -1.79%
Benchmark
Dec 31 2022 -0.45% 1.87% -13.01% -13.01% -2.71% 0.02% 1.06% -0.67%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 -1.26% 0.92% -16.38% -16.38% -5.08% - - -2.79%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.64% 0.74% -9.26% -9.26% -3.49% - - -1.71%
Benchmark
Dec 31 2022 -0.45% 1.87% -13.01% -13.01% -2.71% 0.02% 1.06% -0.67%

Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. 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.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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

as of Mar 30 2023
as of Mar 30 2023

Fund Holdings as of Mar 30 2023

Name Ticker Shares Held Market Value Weight
SPDR Portfolio Intermediate Term Treasury ETF SPTI 1,980,395 57,074,984.00 34.84%
SPDR Portfolio Mortgage Backed Bond ETF SPMB 1,848,839 40,877,830.00 24.95%
SPDR Portfolio Long Term Treasury ETF SPTL 714,275 21,771,102.00 13.29%
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 610,469 19,736,462.00 12.05%
SPDR Bloomberg International Treasury Bond ETF BWX 441,352 10,190,818.00 6.22%
SPDR Bloomberg 1-3 Month T-Bill ETF BIL 101,818 9,350,965.00 5.71%
SPDR Portfolio Long Term Corporate Bond ETF SPLB 196,527 4,581,044.50 2.80%
Ssga Fds/Usa State St Inst Us Gov M Oef 85749270 255,185 255,184.88 0.16%
Download All Holdings: Daily

Index Top Holdings as of Mar 30 2023

Name ISIN Weight
Fannie Mae or Freddie Mac 2 03/25/2051 - 2.20%
Fannie Mae or Freddie Mac 2 03/25/2050 - 1.52%
Fannie Mae or Freddie Mac 2.5 05/25/2051 - 1.20%
Ginnie Mae II Pool 2 01/20/2051 - 0.82%
Fannie Mae or Freddie Mac 2.5 11/25/2049 - 0.77%
Ginnie Mae II Pool 2.5 03/20/2051 - 0.76%
Ginnie Mae II Pool 2.5 01/20/2050 - 0.48%
US TREASURY N/B 4.125 11/15/2032 US91282CFV81 0.42%
US TREASURY N/B 2.875 05/15/2032 US91282CEP23 0.39%
US TREASURY N/B 1.25 08/15/2031 US91282CCS89 0.38%

Sector Allocation

as of Mar 30 2023
as of Mar 30 2023

Sector Breakdown as of Mar 30 2023

Sector Weight
US Treasury Intermediate Maturity 34.84%
Mortgage Backed Securities 24.95%
US Treasury Long Maturity 13.29%
US Corporate Intermediate Maturity 12.05%
Unassigned 6.38%
US Treasury Bill 5.71%
US Corporate Long Maturity 2.80%

Index Sector Breakdown as of Mar 30 2023

Sector Weight
Treasury 41.03%
Mortgage Backed Securities 27.22%
CORPORATE - INDUSTRIAL 14.20%
Corporate - Finance 8.17%
Corporate - Utility 2.06%
CMBS 1.76%
Non Corporates - Supranationals 1.33%
Agency 1.18%
Non Corporates - Sovereigns 0.98%
Non Corporates - Foreign Local Govt 0.84%
Non Corporates - Foreign Agency 0.78%
Asset Backed Securities 0.44%

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.


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.

"Bloomberg®" and Bloomberg U.S. Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR® SSGA Fixed Income Sector Rotation ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® SSGA Fixed Income Sector Rotation ETF.

Prior to 8/24/2021, the Bloomberg U.S. Aggregate Bond Index was known as the Bloomberg Barclays U.S. Aggregate Bond Index.