SPDR® SSGA Ultra Short Term Bond ETF ULST

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.

$40.46

as of Jan 23 2020

Base Currency

USD

Assets Under Management

$222.51 M

as of Jan 23 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.

0.20%


Key Features

Key Features

  • The SPDR® SSGA Ultra Short Term Bond ETF seeks to provide current income consistent with preservation of capital and daily liquidity through short duration high quality investments
  • Actively managed by SSGA's Global Fixed Income, Cash and Currency team, a global cash management leader
  • Invests in slightly longer-term securities than traditional cash vehicles with a goal of generating a better total return

About this Benchmark

About this Benchmark

The Bloomberg Barclays US Treasury Bellwether 3 Month Index is a benchmark tracking the performance and attributes of the on-the-run U.S. Treasury that reflects the most recently issued three month security.


Fund Information as of Jan 23 2020

Fund Information as of Jan 23 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 US Treasury Bellwether 3 Month Index Oct 09 2013 No 0.20% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays US Treasury Bellwether 3 Month Index
Inception Date Oct 09 2013
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.

0.20%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
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 23 2020

Listing Information as of Jan 23 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Oct 10 2013 USD ULST 78467V707 US78467V7073
Exchange NYSE ARCA EXCHANGE
Listing Date Oct 10 2013
Trading Currency USD
Ticker ULST
CUSIP 78467V707
ISIN US78467V7073

Fund Characteristics as of Jan 23 2020

Fund Characteristics as of Jan 23 2020
Number of Holdings Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

Average Price Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

149 2.57% 1.24 $97.45 2.08% 2.55% 0.29 years
Number of Holdings 149
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

2.57%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

1.24
Average Price $97.45
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

2.08%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

2.55%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

0.29 years
Option Adjusted Spread Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

40.97 2.12%
Option Adjusted Spread 40.97
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

2.12%

Index Characteristics as of Jan 23 2020

Index Characteristics as of Jan 23 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
1 0.00% 0.19 $99.71 1.52% 0.00% 0.19 years
Number of Holdings 1
Average Coupon 0.00%
Average Maturity in Years 0.19
Average Price $99.71
Average Yield To Worst 1.52%
Current Yield 0.00%
Option Adjusted Duration 0.19 years
Option Adjusted Spread Yield to Maturity
-3.20 1.52%
Option Adjusted Spread -3.20
Yield to Maturity 1.52%

Yields as of Jan 23 2020

Yields as of Jan 23 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.

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.

2.06% 2.55%
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.

2.06%
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.

2.55%

Fund Market Price as of Jan 23 2020

Fund Market Price as of Jan 23 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)

$40.46 $40.45 $40.47 $40.45 3,262 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 a given security.

$40.46
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$40.45
Day High $40.47
Day Low $40.45
Exchange Volume (Shares)

Exchange Volume (shares)

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

3,262
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%

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 23 2020

    Fund Net Cash Amount as of Jan 23 2020
    Net Cash Amount
    $7,865,220.10
    Net Cash Amount $7,865,220.10

    Fund Net Asset Value as of Jan 23 2020

    Fund Net Asset Value as of Jan 23 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
    $40.46 5.50M $222.51 M
    NAV

    NAV

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

    $40.46
    Shares Outstanding 5.50M
    Assets Under Management $222.51 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Oct 09 2013
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Oct 09 2013
    Fund Before Tax
    NAV Dec 31 2019 0.20% 0.66% 3.19% 3.19% 2.16% 1.62% - 1.37%
    Market Value Dec 31 2019 0.23% 0.68% 3.22% 3.22% 2.15% 1.64% - 1.38%
    Bloomberg Barclays US Treasury Bellwether 3 Month Index Dec 31 2019 0.15% 0.47% 2.30% 2.30% 1.68% 1.09% 0.60% 0.89%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 0.05% 0.33% 2.12% 2.12% 1.33% 1.02% - 0.86%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 0.12% 0.39% 1.88% 1.88% 1.29% 0.98% - 0.83%
    Bloomberg Barclays US Treasury Bellwether 3 Month Index Dec 31 2019 0.15% 0.47% 2.30% 2.30% 1.68% 1.09% 0.60% 0.89%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Oct 09 2013
    Fund Before Tax
    NAV Dec 31 2019 0.20% 0.66% 3.19% 3.19% 2.16% 1.62% - 1.37%
    Market Value Dec 31 2019 0.23% 0.68% 3.22% 3.22% 2.15% 1.64% - 1.38%
    Bloomberg Barclays US Treasury Bellwether 3 Month Index Dec 31 2019 0.15% 0.47% 2.30% 2.30% 1.68% 1.09% 0.60% 0.89%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 0.05% 0.33% 2.12% 2.12% 1.33% 1.02% - 0.86%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 0.12% 0.39% 1.88% 1.88% 1.29% 0.98% - 0.83%
    Bloomberg Barclays US Treasury Bellwether 3 Month Index Dec 31 2019 0.15% 0.47% 2.30% 2.30% 1.68% 1.09% 0.60% 0.89%

    as of Dec 31 2019

    as of Dec 31 2019

    Gross Expense Ratio: 0.20%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Jan 23 2020
    Index Top Holdingsas of Jan 23 2020

    Fund Top Holdings as of Jan 23 2020

    Name Market Value ISIN Weight
    TREASURY NOTE 1.625 07/31/2020 7,759,842.39 US912828XM78 3.49%
    SSI US GOV MONEY MARKET CLASS 6,967,376.87 - 3.13%
    NISSAN MASTER OWNER TRUST RECEIVABLES NMOTR_17-C 1.99625 10/17/2022 5,563,017.04 US65474VAP67 2.50%
    EVERGREEN CREDIT CARD TRUST EVGRN_19-1 2.15625 01/17/2023 4,513,881.90 US30023JAY47 2.03%
    TRILLIUM CREDIT CARD TRUST II TCCT_18-2A 2.142 09/26/2023 3,785,146.07 US89621AAG40 1.70%
    GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_18-3 1.99625 09/15/2022 3,603,704.08 US361886BQ61 1.62%
    GENERAL MOTORS FINANCIAL CO INC 3.2705 06/30/2022 3,541,164.13 US37045XBX30 1.59%
    MASTER CREDIT CARD TRUST MCCT_19-1A 2.13438 07/21/2022 3,409,361.14 US576339BZ74 1.53%
    MASTER CREDIT CARD TRUST MCCT_19-2A 2.58525 01/23/2023 3,153,425.94 US576339CC70 1.42%
    UBS GROUP FUNDING JERSEY LTD 3.43913 02/01/2022 3,095,037.32 US90351DAG25 1.39%

    Index Top Holdings as of Jan 23 2020

    Name ISIN Weight
    TREASURY BILL 0 04/02/2020 US912796TM15 100.00%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Jan 23 2020
    Index Sector Breakdownas of Jan 23 2020

    Fund Sector Breakdown as of Jan 23 2020

    Sector Weight
    Industrial 36.27%
    ABS 27.38%
    Financial Institutions 25.01%
    Treasuries 3.49%
    STIF Funds 3.13%
    Utility 2.77%
    CMBS 1.98%
    Local Authority 0.11%
    Other -0.14%

    Index Sector Breakdown as of Jan 23 2020

    Sector Weight
    Treasuries 100.00%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Jan 23 2020
    Index Quality Breakdownas of Jan 23 2020

    Fund Quality Breakdown as of Jan 23 2020

    Name Weight
    Aaa 31.49%
    Aa 6.41%
    A 30.66%
    Baa 27.54%
    Not Rated 0.90%
    Other 2.99%

    Index Quality Breakdown as of Jan 23 2020

    Name Weight
    Aaa 100.00%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Jan 23 2020
    Index Maturity Ladderas of Jan 23 2020

    Fund Maturity Ladder as of Jan 23 2020

    Name Weight
    0 - 1 Year 48.99%
    1 - 2 Years 26.19%
    2 - 3 Years 22.48%
    3 - 5 Years 2.35%

    Index Maturity Ladder as of Jan 23 2020

    Name Weight
    0 - 1 Year 100.00%

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

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    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 Ultra Short Term Bond 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.