SPDR® SSGA Fixed Income Sector Rotation ETF FISR

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.

Actively managed ETFs do not seek to replicate the performance of a specified index. Because the SPDR SSGA Active Asset Allocation ETFs are actively managed, they are therefore subject to the risk that the investments selected by SSGA may cause the ETFs to underperform relative to their benchmarks or other funds with similar investment objectives.

The values of debt securities may decrease as a result of many factors, including, by way of example, general market fluctuations; increases in interest rates; actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments; illiquidity in debt securities markets; and prepayments of principal, which often must be reinvested in obligations paying interest at lower rates.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

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.

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.

$31.44

as of Sep 23 2021

Base Currency

USD

Assets Under Management

$92.12 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.

0.50%


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 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 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 Sep 25 2021

Listing Information as of Sep 25 2021
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 Sep 23 2021

Fund Characteristics as of Sep 23 2021
Number of Holdings
7
Number of Holdings 7

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.

1.82% 1.70% 2.44%
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.

1.82%
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.

1.70%
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.

2.44%

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.

$31.44 $31.44 $31.45 $31.44 267 0.00% 0.10%
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.

$31.44
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$31.44
Day High $31.45
Day Low $31.44
Exchange Volume (Shares)

Exchange Volume (shares)

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

267
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)

0.00%
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.

0.10%
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.

185 28 25
Days Traded at Discount

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

68 33 38
Days Traded at Premium

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

Calendar Year 2020 185
First Quarter of 2021 28
Second Quarter of 2021 25
Days Traded at Discount

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

Calendar Year 2020 68
First Quarter of 2021 33
Second Quarter of 2021 38
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
$205,417.61
Net Cash Amount $205,417.61

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
$31.44 2.93 M $92.12 M
NAV

NAV

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

$31.44
Shares Outstanding 2.93 M
Assets Under Management $92.12 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Apr 02 2019

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
Apr 02 2019
Fund Before Tax
NAV Aug 31 2021 -0.27% 0.95% -0.92% 0.54% - - - 4.75%
Market Value Aug 31 2021 -0.35% 0.95% -0.86% 0.40% - - - 4.73%
Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2021 -0.19% 0.93% -0.69% -0.08% 5.43% 3.11% 3.18% 5.22%
Fund After Tax
Return after Taxes on Distributions Aug 31 2021 -0.33% 0.83% -1.37% -0.45% - - - 3.59%
Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2021 -0.16% 0.56% -0.55% 0.32% - - - 3.14%
Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2021 -0.19% 0.93% -0.69% -0.08% 5.43% 3.11% 3.18% 5.22%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 02 2019
Fund Before Tax
NAV Jun 30 2021 1.30% 2.31% -1.85% 0.29% - - - 4.67%
Market Value Jun 30 2021 1.27% 2.33% -1.80% 0.31% - - - 4.66%
Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2021 0.70% 1.83% -1.60% -0.33% 5.34% 3.03% 3.39% 5.20%
Fund After Tax
Return after Taxes on Distributions Jun 30 2021 1.23% 2.11% -2.18% -0.69% - - - 3.48%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2021 0.77% 1.37% -1.10% 0.17% - - - 3.07%
Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2021 0.70% 1.83% -1.60% -0.33% 5.34% 3.03% 3.39% 5.20%

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: 0.50%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

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

Fund Holdings as of Sep 23 2021

Name Ticker Shares Held Market Value Weight
SPDR Portfolio Mortgage Backed Bond ETF SPMB 902,265 23,206,256.00 25.19%
SPDR Portfolio Long Term Corporate Bond ETF SPLB 709,011 22,879,784.00 24.84%
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 492,468 18,068,650.00 19.61%
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF BIL 118,892 10,873,862.00 11.80%
SPDR Portfolio Intermediate Term Treasury ETF SPTI 322,927 10,469,293.00 11.36%
SPDR Portfolio Long Term Treasury ETF SPTL 151,305 6,412,306.00 6.96%
Ssga Fds/Usa State St Inst Us Gov M Oef 85749270 212,983 212,983.30 0.23%
U.S. Dollar CASH_USD -65 -65.06 0.00%
Download All Holdings: Daily

Index Top Holdings as of Sep 23 2021

Name Weight
Fannie Mae Pool 2 05/25/2050 1.60%
Freddie Mac 2 06/25/2050 1.37%
Fannie Mae Pool 2.5 02/25/2050 1.19%
Fannie Mae Pool 2 02/25/2051 1.10%
Freddie Mac 2 03/25/2051 0.96%
Freddie Mac 2.5 03/25/2050 0.81%
Ginnie Mae II Pool 2.5 03/20/2050 0.78%
Fannie Mae Pool 2.5 03/25/2051 0.74%
Ginnie Mae II Pool 2 11/20/2050 0.68%
Ginnie Mae II Pool 2 05/20/2050 0.55%

Sector Allocation

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

Sector Breakdown as of Sep 23 2021

Sector Weight
Mortgage Backed Securities 25.19%
US Corporate Long Maturity 24.84%
US Corporate Intermediate Maturity 19.61%
US Treasury Bill 11.80%
US Treasury Intermediate Maturity 11.36%
US Treasury Long Maturity 6.96%
Unassigned 0.23%

Index Sector Breakdown as of Sep 23 2021

Sector Weight
Treasury 38.39%
Mortgage Backed Securities 27.44%
CORPORATE - INDUSTRIAL 15.88%
Corporate - Finance 8.09%
Corporate - Utility 2.17%
CMBS 2.06%
Non Corporates - Supranationals 1.40%
Agency 1.39%
Non Corporates - Sovereigns 1.05%
Non Corporates - Foreign Local Govt 0.99%
Non Corporates - Foreign Agency 0.84%
Asset Backed Securities 0.30%

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.