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SPDR® SSGA Ultra Short Term Bond ETF ULST

NAV

NAV

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

$40.45
as of Jul 11 2024
Base Currency
USD
Assets Under Management
$579.40 M
as of Jul 11 2024
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

  • 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 Jul 14 2024

Benchmark Bloomberg 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
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 Jul 14 2024

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

Fund Characteristics as of Jul 11 2024

Number of Holdings 147
Average Coupon

Average Coupon

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

4.87%
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.

0.74
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$87.88
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.

5.38%
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.

0.90 years
Option Adjusted Spread 37.63
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.

5.41%

Index Characteristics as of Jul 11 2024

Number of Holdings 1
Average Coupon 0.00%
Average Maturity in Years 0.21
Average Price $98.90
Average Yield To Worst 5.35%
Option Adjusted Duration 0.20 years
Option Adjusted Spread -0.18
Yield to Maturity 5.35%

Yields as of Jul 11 2024

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.

5.20%
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 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

4.98%

Fund Market Price as of Jul 11 2024

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.

$40.42
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$40.43
Day High $40.45
Day Low $40.42
Exchange Volume (Shares)

Exchange Volume (shares)

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

5,203
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)

-0.05%
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.

0.02%

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.

Number of Days Summary

Calendar Year 2023 First Quarter of 2024 Second Quarter of 2024
Days Traded at Premium

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

170 42 26
Days Traded at Discount

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

80 19 37

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 Jul 11 2024

Net Cash Amount $83,921,139.87

Fund Net Asset Value as of Jul 11 2024

NAV

NAV

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

$40.45
Shares Outstanding 14.32 M
Assets Under Management $579.40 M

Fund Performance

  • Fund Inception Date: Oct 09 2013

as of Jun 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 09 2013
Fund Before Tax
NAV Jun 30 2024 0.45% 1.21% 2.37% 5.65% 2.91% 2.38% 1.87% 1.78%
Market Value Jun 30 2024 0.44% 1.21% 2.36% 5.61% 2.89% 2.38% 1.87% 1.78%
Benchmark
Bloomberg US Treasury Bellwether 3 Month Index
Jun 30 2024 0.41% 1.33% 2.65% 5.46% 3.10% 2.20% 1.54% 1.44%
Fund After Tax
Return after Taxes on Distributions Jun 30 2024 0.28% 0.68% 1.49% 3.55% 1.72% 1.42% 1.14% 1.09%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2024 0.27% 0.72% 1.40% 3.31% 1.71% 1.41% 1.11% 1.07%
Benchmark
Bloomberg US Treasury Bellwether 3 Month Index
Jun 30 2024 0.41% 1.33% 2.65% 5.46% 3.10% 2.20% 1.54% 1.44%

as of Jun 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 09 2013
Fund Before Tax
NAV Jun 30 2024 0.45% 1.21% 2.37% 5.65% 2.91% 2.38% 1.87% 1.78%
Market Value Jun 30 2024 0.44% 1.21% 2.36% 5.61% 2.89% 2.38% 1.87% 1.78%
Benchmark
Bloomberg US Treasury Bellwether 3 Month Index
Jun 30 2024 0.41% 1.33% 2.65% 5.46% 3.10% 2.20% 1.54% 1.44%
Fund After Tax
Return after Taxes on Distributions Jun 30 2024 0.28% 0.68% 1.49% 3.55% 1.72% 1.42% 1.14% 1.09%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2024 0.27% 0.72% 1.40% 3.31% 1.71% 1.41% 1.11% 1.07%
Benchmark
Bloomberg US Treasury Bellwether 3 Month Index
Jun 30 2024 0.41% 1.33% 2.65% 5.46% 3.10% 2.20% 1.54% 1.44%

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

Subject to change.

as of Jul 11 2024
as of Jul 11 2024

Fund Top Holdings as of Jul 11 2024

Name Market Value ISIN Weight
SSI US GOV MONEY MARKET CLASS 78,567,399.13 - 13.61%
TREASURY BILL 0 07/18/2024 44,961,750.00 US912797JS77 7.79%
TREASURY BILL 0 09/03/2024 39,691,200.00 US912797LA32 6.87%
TREASURY NOTE 4.75 07/31/2025 20,578,489.15 US91282CHN48 3.56%
AMERICAN EXPRESS CREDIT ACCOUNT 3.39 05/17/2027 17,762,645.40 US02582JJT88 3.08%
SUMITOMO MITSUI FIN GRP INC 5.464 01/13/2026 10,308,364.44 US86562MCT53 1.79%
US BANCORP 3.6 09/11/2024 10,083,900.00 US91159HHK95 1.75%
HYUNDAI AUTO LEASE SECURITIZATION TRUST HALST_23-A 5.05 01/15/2026 10,017,663.22 US44933VAD38 1.74%
MERCEDES-BENZ AUTO LEASE TRUST MBALT_23-A 4.74 01/15/2027 9,979,795.33 US58768RAC43 1.73%
HUNTINGTON BANCSHARES INC 2.625 08/06/2024 7,398,792.29 US446150AQ78 1.28%

Index Top Holdings as of Jul 11 2024

Name ISIN Weight
TREASURY BILL 0 09/26/2024 US912797KM88 100.00%

Sector Allocation

as of Jul 11 2024
as of Jul 11 2024

Fund Sector Breakdown as of Jul 11 2024

Sector Weight
Industrial 28.49%
Financial Institutions 24.55%
Treasuries 20.05%
STIF Funds 13.61%
ABS 9.57%
CMBS 2.64%
Utility 1.41%
Other -0.32%

Index Sector Breakdown as of Jul 11 2024

Sector Weight
Treasuries 100.00%

Quality Breakdown

as of Jul 11 2024
as of Jul 11 2024

Fund Quality Breakdown as of Jul 11 2024

Name Weight
Aaa 10.82%
Aa 26.51%
A 29.73%
Baa 19.06%
Not Rated 0.60%
Other 13.28%

Index Quality Breakdown as of Jul 11 2024

Name Weight
Aa 100.00%

Maturity Ladder

as of Jul 11 2024
as of Jul 11 2024

Fund Maturity Ladder as of Jul 11 2024

Name Weight
0 - 1 Year 69.87%
1 - 2 Years 19.19%
2 - 3 Years 9.78%
3 - 5 Years 1.16%

Index Maturity Ladder as of Jul 11 2024

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.