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Home   »   ETFs : SPDR® SSgA Global Allocation ETF (GAL)
GAL

SPDR® SSgA Global Allocation ETF

Fund Objective

The SPDR® SSgA Global Allocation ETF seeks to provide capital appreciation. The Fund invests in exchange traded funds registered under the Investment Company Act of 1940, as amended, that seek to track the performance of a market index; exchange traded commodity trusts; and exchange traded notes. The Portfolio may invest in certain ETPs that pay fees to the Adviser and its affiliates for management, marketing or other services.

Ordinary brokerage commissions may apply.

Fund Information

As of 04/16/2014
Ticker SymbolGAL
Primary BenchmarkMSCI ACWI IMI Index
Secondary BenchmarkSSgA Global Allocation Composite Index
Tertiary BenchmarkBarclays US Aggregate Index
CUSIP78467V400
MarginableYes
Short Selling AllowedYes
Options AvailableNo
Gross Expense Ratio0.35%
Inception Date04/25/2012
Investment ManagerSSgA Funds Management, Inc.
Management TeamGlobal Allocation Team
DistributorState Street Global Markets, LLC
Distribution FrequencyQuarterly
ExchangeNYSE ARCA EXCHANGE

Fund Characteristics

As of 04/15/2014
Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield is the weighted average of the underlyings’ indicated annual dividend divided by price, expressed as a percentage.

2.52%
Number of Holdings24

30 DAY SEC YIELD

As of 04/15/2014
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

2.38%

Fund Documents

Fund Market Price

As of 04/15/2014
Bid/Ask$33.92
Closing Price$33.87
Day High$33.87
Day Low$33.67
Exchange Volume (shares)1,100
Premium/Discount-0.02%
Premium Discount to Nav Chart

Fund Net Asset Value

NAV

Market value of a mutual fund’s and ETF’s total assets, minus liabilities, divided by the number of shares outstanding

As of 04/15/2014
Price$33.93
Shares Outstanding2.50 M
Total Net Assets$84.86 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 04/15/2014
Net Cash Amount$17,466.00

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 apply.

Performance Graphs

Month End as of 03/31/2014

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 05/31/2007

Inception Date of Secondary Index: 05/03/2010

Inception Date of Tertiary Index: 01/01/1976

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; SSgA Global Allocation ETF " bmarkName="MSCI ACWI IMI Index" secondBmarkName="SSgA Global Allocation Composite Index" tertiaryBmarkName="Barclays US Aggregate Index"><funds><field>1 Month</field><fund>0.08</fund><index>0.35</index><secondIndex>0.37</secondIndex><tertiaryIndex>-0.17%</tertiaryIndex></funds><funds><field>QTD</field><fund>0.92</fund><index>1.33</index><secondIndex>2.02</secondIndex><tertiaryIndex>1.84%</tertiaryIndex></funds><funds><field>YTD</field><fund>0.92</fund><index>1.33</index><secondIndex>2.02</secondIndex><tertiaryIndex>1.84%</tertiaryIndex></funds><funds><field>1 YR</field><fund>9.66</fund><index>17.11</index><secondIndex>9.86</secondIndex><tertiaryIndex>-0.10%</tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>N/A</index><secondIndex>7.26</secondIndex><tertiaryIndex>3.75%</tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>N/A</index><secondIndex>N/A</secondIndex><tertiaryIndex>4.80%</tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>N/A</index><secondIndex>N/A</secondIndex><tertiaryIndex>4.46%</tertiaryIndex></funds><funds><field>Inception</field><fund>10.06</fund><index>15.69</index><secondIndex>10.38</secondIndex><tertiaryIndex>1.43%</tertiaryIndex></funds></performance>

Quarter End as of 03/31/2014

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 05/31/2007

Inception Date of Secondary Index: 05/03/2010

Inception Date of Tertiary Index: 01/01/1976

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; SSgA Global Allocation ETF " bmarkName="MSCI ACWI IMI Index" secondBmarkName="SSgA Global Allocation Composite Index" tertiaryBmarkName="Barclays US Aggregate Index"><funds><field>1 Month</field><fund>0.08</fund><index>0.35</index><secondIndex>0.37</secondIndex><tertiaryIndex>-0.17%</tertiaryIndex></funds><funds><field>QTD</field><fund>0.92</fund><index>1.33</index><secondIndex>2.02</secondIndex><tertiaryIndex>1.84%</tertiaryIndex></funds><funds><field>YTD</field><fund>0.92</fund><index>1.33</index><secondIndex>2.02</secondIndex><tertiaryIndex>1.84%</tertiaryIndex></funds><funds><field>1 YR</field><fund>9.66</fund><index>17.11</index><secondIndex>9.86</secondIndex><tertiaryIndex>-0.10%</tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>N/A</index><secondIndex>7.26</secondIndex><tertiaryIndex>3.75%</tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>N/A</index><secondIndex>N/A</secondIndex><tertiaryIndex>4.80%</tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>N/A</index><secondIndex>N/A</secondIndex><tertiaryIndex>4.46%</tertiaryIndex></funds><funds><field>Inception</field><fund>10.06</fund><index>15.69</index><secondIndex>10.38</secondIndex><tertiaryIndex>1.43%</tertiaryIndex></funds></performance>

Fund Top Holdings
Subject to change.

As of 04/15/2014
NameTickerWeight
SPDR S&P World ex-US ETFGWL19.93%
SPDR S&P 500 ETFSPY13.08%
SPDR Barclays High Yield Bond ETFJNK6.06%
SPDR Russell/Nomura PRIME Japan ETFJPP5.89%
SPDR Dow Jones REIT ETFRWR5.57%
SPDR Barclays TIPS ETFIPE5.09%
SPDR Dow Jones International Real Estate ETFRWX4.56%
SPDR S&P 500 Growth ETFSPYG4.03%
SPDR S&P 500 Value ETFSPYV4.03%
SPDR Barclays Aggregate Bond ETFLAG3.04%
SPDR STOXX Europe 50 ETFFEU3.01%
SPDR S&P Emerging Markets ETFGMM2.99%
SPDR S&P International Small Cap ETFGWX2.99%
SPDR EURO STOXX 50 ETFFEZ2.98%
SPDR Barclays Long Term Corporate Bond ETFLWC2.05%
SPDR DB International Government Inflation-Protected Bond ETFWIP2.03%
Industrial Select Sector SPDR FundXLI2.01%
Technology Select Sector SPDR FundXLK2.01%
SPDR S&P Midcap 400 ETF TrustMDY1.99%
Consumer Discretionary Select Sector SPDR FundXLY1.98%
Stt Instl Liquid Reserves Stif Usd@NA1.66%
SPDR Barclays International Corporate Bond ETFIBND1.01%
SPDR Barclays International Treasury Bond ETFBWX1.01%
SPDR S&P 600 Small Cap ETFSLY1.00%
Download All Holdings XLS

Asset Class Breakdown

As of 04/15/2014
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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.

ETFs trade like stocks, 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.

Unless otherwise noted all information contained herein is that of the SPDR SSgA Global Allocation 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.

The SSgA Global Allocation Composite Index components: 20% S&P Developed Ex US BMI Index; 19% S&P 500 Index; 15% Barclays US Aggregate Bond Index; 7% S&P Emerging BMI Index; 6% Barclays Capital High Yield Very Liquid Index; 5% Barclays Global Treasury Ex US Capped Index, Barclays Global Aggregate Ex USD >$1B, Barclays US Government Inflation-Linked Bond Capped Index; 3% S&P Small Cap 600 Index, S&P Developed Ex US Under USD 2Billion Index, DJ US Select REIT Index, DJ Global Ex US Select Resi Index; 2% JP Morgan Cash Index USD 1 Month LIBOR, DB Global Government Ex US Inflation Linked Bond Capped Index, S&P MidCap 400 Index.

The primary benchmark for the SPDR SSgA Global Allocation ETF is the MSCI ACWI IMI Index. The secondary and tertiary benchmarks are provided for comparison purposes.

Global Allocation Team

Senior Portfolio Manager Ola Folarin Vice President Show Bio

Ola is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Investment Solutions Group (ISG) team. His responsibilities include managing strategic and tactical asset allocation portfolios. He also works on the team's exposure management efforts.

Prior to SSgA, Ola was an Associate Portfolio Manager at ProFunds Advisors where he managed a complex of levered and short mutual funds that invest in derivative instruments. Before ProFunds, he was an equity analyst for PNC Advisors.

Ola earned an MBA from the Wharton School, University of Pennsylvania and a BS in Electrical Engineering from California State University in Los Angeles. Ola earned the Chartered Financial Analyst designation and is a member of the CFA Institute.

Head of Portfolio Management Christopher J. Goolgasian Managing Director Show Bio

Chris is a Managing Director of State Street Global Advisors and Head of Portfolio Management - Americas for the Investment Solutions Group. He is responsible for developing and implementing tactical and strategic multi asset class solutions for institutional clients. Previously, Chris was an Institutional Portfolio Manager with Pyramis Global Advisors, a Fidelity Investments Company. In this role he worked with institutional clients on strategic, tactical and lifecycle portfolios. Prior to joining Fidelity in 1997, Chris spent nearly three years as a CPA with the public accounting firm Kaplan, Moran & Digennaro.

Chris earned a Masters of Business Administration from Bryant University in 1997 with a concentration in Finance and a Bachelor of Arts from Bryant University in 1995 with a concentration in Accounting. He has earned the Chartered Financial Analyst designation, and is CAIA and CPA, and a member of the CFA Institute, the Boston Security Analyst Society and the Chartered Alternative Investment Analyst (CAIA) Association. He is also a professor of Finance at Bryant University.

Portfolio Manager Lisa Khatri Principal Show Bio

Lisa is a Principal of State Street Global Advisors and a Portfolio Manager in the Investment Solutions Group (ISG). She is responsible for developing and implementing tactical and strategic multi asset class solutions for institutional clients.

Previously, Lisa was a Portfolio Assistant with Pyramis Global Advisors, a Fidelity Investments Company. In this role she supported the management of strategic, tactical and lifecycle portfolios. Lisa joined Fidelity in 2004.

Lisa earned a Bachelor of Science in Business Administration from California State University, East Bay with a concentration in Finance and Accounting. She has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst Society.

After Tax Returns

After-tax returns are calculated 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, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

MSCI ACWI IMI Index

The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 98% of the global equity investment opportunity set.

© 2014 State Street Corporation. All Rights Reserved.

SSgA Global Allocation Composite Index

The SSgA Global Allocation Composite Index consists of several different indexes, and is designed to provide exposure to a variety of asset classes.

© 2014 State Street Corporation. All Rights Reserved.

Barclays US Aggregate Index

The Barclays U.S. Aggregate Index provides a measure of 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 Investor Service, Inc., Standard & Poor's, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and asset backed securities that are publicly for sale in the United States.

© 2014 State Street Corporation. All Rights Reserved.

Important Risk Information

ETFs trade like stocks, 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.

Actively managed ETFs do not seek to replicate the performance of a specified index.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Commodities investing entail significant risk as commodity prices can be extremely volatile due to wide range of factors Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; issuer credit risk; liquidity risk; and inflation risk.

Risks associated with investing in the natural resources sector include; large price volatility due to non-diversification and concentration in natural resources companies.

Risk associated with equity investing include stock values which may fluctuate in response to the activities of individual companies and general market and economic conditions.

Investing in REITs involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline).

Increase in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable

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.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

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.

Premium Discount to NAV

As of 04/15/2014
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® SSgA Global Allocation ETF GAL $33.93 $33.87 $33.92 -0.02%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

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.