The SPDR® Barclays 1-3 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays 1-3 Month U.S. Treasury Bill Index.
Ordinary brokerage commissions may apply.
|Primary Benchmark||Barclays 1-3 Month U.S. Treasury Bill Index|
|Short Selling Allowed||Yes|
|Gross Expense Ratio||0.1345%|
|Investment Manager||SSgA Funds Management, Inc.|
|Management Team||T-Bill ETF Management Team|
|Distributor||State Street Global Markets, LLC|
|Exchange||NYSE ARCA EXCHANGE|
|Variable Fee for Cash Creation||0.05%|
|Variable Fee for Cash Redemption||0.05%|
|30 Day SEC Yield||-0.06%|
|Average Maturity in Years|
The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bonds and the average time to receipt of all principal payments for amortizing instruments, including mortgage pass-throughs, CMOs, amortizing asset-backed securities and ARMs.
|Average Yield To Worst||0.05%|
|Modified Adjusted Duration||0.15 years|
|Number of Holdings||9|
|Yield To Maturity||0.05%|
As of 02/28/2014
As of 12/31/2013
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.
|Exchange Volume (shares)||4,010|
|Shares Outstanding||20.20 M|
|Total Net Assets||$924.59 M|
|Net Cash Amount||$942,358.20|
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 apply.
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.
Barclays is a trademark of Barclays, the investment banking division of Barclays Bank PLC (“Barclays”) and has been licensed for use in connection with the listing and trading of the SPDR Barclays ETFs. The products are not sponsored by, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of investing in them.
Unless otherwise noted all information contained herein is that of the SPDR Barclays 1-3 Month T-Bill 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.