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SPDR® Russell/Nomura PRIMETM Japan ETF

Closed to all investors effective August 25, 2016.

This fund will be liquidated on or about August 31, 2016.

Fund Objective

The SPDR® Russell/Nomura PRIME Japan ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell/Nomura PRIMETM Index.

Ordinary brokerage commissions may apply.

Fund Information

As of 08/29/2016
Ticker SymbolJPP
Primary BenchmarkRussell/Nomura PRIMETM Index
Options AvailableNo
Gross Expense Ratio

The gross expense ratio is 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.

Inception Date11/09/2006
Investment ManagerSSGA Funds Management, Inc.
Management TeamGlobal Equity Beta Solutions
DistributorState Street Global Markets, LLC
Distribution FrequencySemi-Annual

Fund Characteristics

As of 08/25/2016
Number of Holdings5
Weighted Average Market Cap$904.12 M


As of 08/26/2016
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.

Fund 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

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


Index Characteristics

As of 08/26/2016
Est. 3-5 Year EPS Growth

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

Number of Holdings1,000
Price/Cash Flow

Price/Cash Flow

The weighted average of current share price divided by operating cash flow per share for each security in the fund.



The weighted average of current share price divided by the income earned per share for each security in the fund.

Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

Return On Equity

Return on Equity

The weighted average of the rate of return for each security in the fund.  ROE is a measure of how well a company used reinvested earnings to generate additional earnings.


Fund Documents

Fund Market Price

As of 08/24/2016
Closing Price$47.41
Day High$47.41
Day Low$47.41
Exchange Volume (shares)

The Exchange Volume represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.


Fund Net Asset Value


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

As of 08/24/2016
Shares Outstanding600,000
Total Net Assets$28.45 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 08/24/2016
Net Cash Amount$88,389.82

Index Statistics

As of 08/26/2016
Weighted Average Market Cap$22,897.38 M
Average Size
Mean$3,402.60 M
Median$948.84 M
Size Range
Largest$157,054.11 M
Smallest$115.98 M

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 07/31/2016

Fund Inception Date: 11/09/2006

Index Inception Date: 11/09/2006

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; Russell/Nomura PRIME&lt;sup&gt;TM&lt;/sup&gt; Japan ETF" bmarkName="Russell/Nomura PRIMETM Index"><funds><field>1 Month</field><fund>6.15</fund><index>6.27</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>6.15</fund><index>6.27</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>1.04</fund><index>1.68</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-2.49</fund><index>-1.85</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>5.34</fund><index>5.87</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>4.86</fund><index>5.41</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>0.93</fund><index>1.53</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 06/30/2016

Fund Inception Date: 11/09/2006

Index Inception Date: 11/09/2006

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; Russell/Nomura PRIME&lt;sup&gt;TM&lt;/sup&gt; Japan ETF" bmarkName="Russell/Nomura PRIMETM Index"><funds><field>1 Month</field><fund>-2.32</fund><index>-2.27</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>1.44</fund><index>1.51</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-4.81</fund><index>-4.32</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-7.75</fund><index>-7.17</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>3.45</fund><index>4.03</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>4.35</fund><index>4.88</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>0.31</fund><index>0.91</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of 08/25/2016
NameWeightShares Held
Saibu Gas Co. Ltd.0.07%8,273
Download All Holdings XLS

Index Top Holdings

As of 08/26/2016
Toyota Motor Corp.3.74%
Nippon Telegraph and Telephone Corporation2.03%
Mitsubishi UFJ Financial Group Inc.1.98%
SoftBank Group Corp.1.92%
KDDI Corporation1.78%
Honda Motor Co. Ltd.1.46%
Japan Tobacco Inc.1.36%
Sumitomo Mitsui Financial Group Inc.1.34%
Sony Corporation1.33%
Mizuho Financial Group Inc.1.20%

Fund Sector Allocation

As of 08/25/2016
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>08/25/2016</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>0.07</rawValue><value>0.07%</value><label>Utilities</label><order>1</order></attribute><attribute><rawValue>0.04</rawValue><value>0.04%</value><label>Unassigned</label><order>2</order></attribute></attributes></component>

Index Sector Allocation

As of 08/26/2016
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>08/26/2016</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>20.67</rawValue><value>20.67%</value><label>Industrials</label><order>1</order></attribute><attribute><rawValue>19.89</rawValue><value>19.89%</value><label>Consumer Discretionary</label><order>2</order></attribute><attribute><rawValue>15.44</rawValue><value>15.44%</value><label>Financials</label><order>3</order></attribute><attribute><rawValue>10.88</rawValue><value>10.88%</value><label>Information Technology</label><order>4</order></attribute><attribute><rawValue>9.08</rawValue><value>9.08%</value><label>Consumer Staples</label><order>5</order></attribute><attribute><rawValue>7.96</rawValue><value>7.96%</value><label>Health Care</label><order>6</order></attribute><attribute><rawValue>6.84</rawValue><value>6.84%</value><label>Telecommunication Services</label><order>7</order></attribute><attribute><rawValue>6.61</rawValue><value>6.61%</value><label>Materials</label><order>8</order></attribute><attribute><rawValue>1.85</rawValue><value>1.85%</value><label>Utilities</label><order>9</order></attribute><attribute><rawValue>0.77</rawValue><value>0.77%</value><label>Energy</label><order>10</order></attribute></attributes></component>

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.

The Russell/Nomura PrimeTM Index is a trademark of Russell Investment Group and has been licensed for use by State Street Bank and Trust Company through its State Street Global Advisors Division.  The Product is not sponsored, endorsed, sold or promoted by Russell Investment Group and Russell Investment Group makes no representation regarding the advisability of investing in the Product. 

Unless otherwise noted all information contained herein is that of the SPDR Russell/Nomura Prime Japan 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.

Russell - Indexes are calculated net of taxes. Net returns are calculated to provide applicable returns to foreign investors who are subject to a foreign tax withholding on dividends received.

Global Equity Beta Solutions

Co-Head of Passive Equity Strategies John Tucker Senior Managing Director Show Bio

John is a Senior Managing Director of State Street Global Advisors and Co-Head of Passive Equity Strategies in North America. John is responsible for overseeing the management of all equity index strategies and Exchange Traded Funds managed in North America. He is a member of the Senior Leadership Team. Previously, John was head of the Structured Products group in SSGA's London office, where he was responsible for the management of all index strategies in our second largest investment center.

John received a BA from Trinity College and an MS in Finance from Boston College. He has also earned the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society and the CFA Institute. In addition, John is a member of The Russell Index Client Advisory Board and The S&P U.S. Index Advisory Panel. He joined State Street in 1988.

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show Bio

Mike is a Senior Managing Director and the Co-Head of Global Equity Beta Solutions in North America. He is also a member of the Senior Leadership Team and sits on the firm's North America Product Committee and Trade Management Oversight Committee.

Mike rejoined SSGA after spending four years in State Street Global Markets where he helped to build the Global Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this, Mike had been Head of the US Passive Equity Team within SSGA. He joined State Street in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

Portfolio Manager Karl A. Schneider Vice President Show Bio

Karl is a Vice President of State Street Global Advisors and Head of US Equity Strategies for the Global Equity Beta Solutions (GEBS) team, where in addition to overseeing the management of the US equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication.

Prior to joining the GEBS team, Karl worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined State Street in 1996.

Karl holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

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.

Russell/Nomura PRIMETM Index

The Russell/Nomura PRIME™ Index is made up of the 1,000 largest stocks in terms of float-adjusted market capitalization (representing approximately 96%) of the Russell/Nomura Total Market™ Index. It is designed to serve as a benchmark for passive investment strategies. It has broad market coverage, and takes liquidity into account.

The Russell/Nomura PRIME™ Index employs a "banding" method at reconstitution in order to control the frequent replacement caused by small fluctuations of market capitalization. A "negative list" method is also used to help prevent the inclusion of stocks of especially low liquidity. The Index is calculated with dividends reinvested, and is denominated in Japanese yen and U.S. dollars. The Index is calculated based on the share price for each stock on its primary exchange. The Index maintains the inclusion of stocks that are tentatively delisted due to mergers or equity transfers, and free-float ratios are adjusted when private placements are made.

Important Risk Information

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.

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.

The Fund invests by sampling the Index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics which may cause the fund to experience tracking errors relative to performance of the Index.

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.