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SPDR® SSGA Ultra Short Term Bond ETF ULST

NAV
$40.16
as of Mar 21 2023
Base Currency
USD
Assets Under Management
$499.05 M
as of Mar 21 2023
Gross Expense Ratio
0.20%

Key Features


  • The SPDR® SSGA Ultra Short Term Bond ETF seeks to maximize current income consistent with preservation of capital and daily liquidity through short duration high quality investments
  • Actively managed by SSGA’s Fundamental Active Fixed Income Team
  • Invests in slightly longer-term securities than traditional cash vehicles with a goal of generating a better total return

About this Benchmark


The Bloomberg 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 Mar 22 2023

Benchmark Bloomberg US Treasury Bellwether 3 Month Index
Inception Date Oct 09 2013
Options Available No
Gross Expense Ratio
0.20%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Mar 22 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Oct 10 2013 USD ULST 78467V707 US78467V7073

Fund Characteristics as of Mar 21 2023

Number of Holdings 166
Average Coupon
3.85%
Average Maturity in Years
0.80
Average Price $92.54
Average Yield To Worst
5.65%
Option Adjusted Duration
0.60 years
Option Adjusted Spread 109.80
Yield to Maturity
5.67%

Index Characteristics as of Mar 21 2023

Number of Holdings 1
Average Coupon 0.00%
Average Maturity in Years 0.19
Average Price $99.13
Average Yield To Worst 4.44%
Option Adjusted Duration 0.19 years
Option Adjusted Spread -15.08
Yield to Maturity 4.44%

Yields as of Mar 21 2023

30 Day SEC Yield
5.01%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
2.25%

Fund Market Price as of Mar 21 2023

Bid/Ask
$40.17
Closing Price
$40.18
Day High $40.19
Day Low $40.14
Exchange Volume (Shares)
9,509
Premium/Discount
0.01%
30-Day Median Bid/Ask Spread
0.02%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
144
Days Traded at Discount
107

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 21 2023

Net Cash Amount $50,707,805.52

Fund Net Asset Value as of Mar 21 2023

NAV
$40.16
Shares Outstanding 12.42 M
Assets Under Management $499.05 M

Fund Performance

  • Fund Inception Date: Oct 09 2013

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 09 2013
Fund Before Tax
NAV Feb 28 2023 0.21% 0.84% 0.84% 2.13% 0.99% 1.65% - 1.28%
Market Value Feb 28 2023 0.21% 0.79% 0.79% 2.08% 0.99% 1.65% - 1.28%
Benchmark
Feb 28 2023 0.34% 0.68% 0.68% 2.19% 0.87% 1.37% 0.85% 0.90%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 0.08% 0.71% 0.71% 1.30% 0.48% 0.96% - 0.77%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 0.12% 0.49% 0.49% 1.25% 0.54% 0.97% - 0.76%
Benchmark
Feb 28 2023 0.34% 0.68% 0.68% 2.19% 0.87% 1.37% 0.85% 0.90%

as of Dec 31 2022

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 2022 0.46% 1.14% 0.84% 0.84% 0.87% 1.54% - 1.21%
Market Value Dec 31 2022 0.52% 1.19% 0.90% 0.90% 0.87% 1.55% - 1.22%
Benchmark
Dec 31 2022 0.38% 0.90% 1.51% 1.51% 0.74% 1.28% 0.78% 0.84%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 0.22% 0.72% 0.14% 0.14% 0.38% 0.85% - 0.71%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.27% 0.68% 0.50% 0.50% 0.46% 0.88% - 0.71%
Benchmark
Dec 31 2022 0.38% 0.90% 1.51% 1.51% 0.74% 1.28% 0.78% 0.84%

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: 0.20%


Top Holdings

as of Mar 21 2023
as of Mar 21 2023

Fund Top Holdings as of Mar 21 2023

Name Market Value ISIN Weight
TREASURY BILL 0 03/28/2023 39,979,200.00 US912796Z855 7.87%
SSI US GOV MONEY MARKET CLASS 33,085,330.36 - 6.51%
TREASURY NOTE 0.25 09/30/2023 27,381,862.08 US91282CDA62 5.39%
UNITED STATES DOLLAR 23,755,275.43 - 4.68%
TREASURY BILL 0 04/18/2023 17,947,260.00 US912796CU14 3.53%
THERMO FISHER 4.55 04/18/2023 10,570,828.33 US883556CN08 2.08%
SYNGENTA FINANCE AG 4.441 04/24/2023 10,162,740.83 US87164KAH77 2.00%
MASTER CREDIT 0.53 11/21/2025 9,469,402.00 US576339CJ24 1.86%
FORD CREDIT FLOORPLAN MASTER OWNER TRUST FORDF_20-1 5.18443 09/15/2025 8,777,259.51 US34528QHL14 1.73%
GLENCORE FUNDING LLC 4.125 05/30/2023 8,063,750.00 US378272AF53 1.59%

Index Top Holdings as of Mar 21 2023

Name ISIN Weight
TREASURY BILL 0 06/01/2023 US912796ZG72 100.00%

Sector Allocation

as of Mar 21 2023
as of Mar 21 2023

Fund Sector Breakdown as of Mar 21 2023

Sector Weight
Industrial 35.95%
Financial Institutions 19.60%
Treasuries 16.80%
STIF Funds 6.51%
ABS 6.09%
Utility 5.75%
CMBS 4.61%
Other 4.68%

Index Sector Breakdown as of Mar 21 2023

Sector Weight
Treasuries 100.00%

Quality Breakdown

as of Mar 21 2023
as of Mar 21 2023

Fund Quality Breakdown as of Mar 21 2023

Name Weight
Aaa 25.55%
Aa 3.57%
A 27.48%
Baa 28.93%
Ba 2.63%
Not Rated 0.65%
Other 11.19%

Index Quality Breakdown as of Mar 21 2023

Name Weight
Aaa 100.00%

Maturity Ladder

as of Mar 21 2023
as of Mar 21 2023

Fund Maturity Ladder as of Mar 21 2023

Name Weight
0 - 1 Year 67.61%
1 - 2 Years 23.58%
2 - 3 Years 7.88%
3 - 5 Years 0.93%

Index Maturity Ladder as of Mar 21 2023

Name Weight
0 - 1 Year 100.00%

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 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.

“Bloomberg®” and Bloomberg US Treasury Bellwether 3 Month 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 Ultra Short Term Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR SSGA Ultra Short Term Bond ETF.

Prior to 8/24/2021, the Bloomberg US Treasury Bellwether 3 Month Index was known as the Bloomberg Barclays US Treasury Bellwether 3 Month Index.