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MBG

SPDR® Bloomberg Barclays Mortgage Backed Bond ETF

Fund Objective

The SPDR® Bloomberg Barclays Mortgage Backed Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. MBS Index.

Ordinary brokerage commissions may apply.

Fund Information

As of   12/05/2016
Ticker Symbol MBG
Primary Benchmark Bloomberg Barclays U.S. MBS Index
CUSIP 78464A383
Options Available No
Gross Expense Ratio

Includes Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the Fees and Expenses incurred by investing in other investment companies, including affiliated investment companies.

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.

0.24%
Net Expense Ratio

SSGA Funds Management, Inc. (the “Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses in an amount equal to any acquired fund fees and expenses (excluding holdings in acquired funds for cash management purposes, if any). This waiver and/or reimbursement does not provide for the recoupment by the Adviser of any amounts waived or reimbursed. This waiver and/or reimbursement may not be terminated except with the approval of the Fund’s Board of Trustees.

0.20%
Inception Date 01/15/2009
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Markets, LLC
Distribution Frequency Monthly
Exchange NYSE ARCA EXCHANGE

Fund Characteristics

As of   12/01/2016
Average Coupon

 Average Coupon

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

3.54%
Average Maturity in Years

Average Maturity

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.

7.40
Average Price $103.28
Average Spread 13.8
Average Yield To Worst

For callable and/or puttable securities, the minimum value of the yield to maturity, yield to put, and yield to call. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

2.88%
Current Yield

 Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

2.69%
Modified Adjusted Duration

Modified Adjusted Duration

An option-adjusted measure of a portfolio's sensitivity to changes in interest rates.  Calculated as the percentage change of a portfolio's value for a 100 basis point change in yield.

4.75 years
Number of Holdings 432
Yield To Maturity

Average 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.

2.88%

Yields

As of   12/01/2016
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.

1.90%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized 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 that does not take into account expense ratio subsidizations.

1.86%
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.

2.74%

Index Characteristics

As of   12/01/2016
Average Coupon 3.59%
Average Maturity in Years 7.04
Average Price $103.63
Average Spread 15.6
Average Yield To Worst 2.88%
Current Yield 3.45%
Modified Adjusted Duration 4.62 years
Number of Holdings 348
Yield To Maturity 2.88%

Fund Documents

Fund Market Price

As of   12/01/2016
Bid/Ask $26.32
Closing Price $26.31
Day High $26.37
Day Low $26.25
Exchange Volume (shares) 2,625
Premium/Discount

Premium/Discount to NAV

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)

0.11%
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   12/01/2016
NAV $26.29
Shares Outstanding 13.10 M
Total Net Assets $344.40 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   12/01/2016
Net Cash Amount $6,572,594.80

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 10/31/2016

Fund Inception Date: 01/15/2009

Index Inception Date: 01/15/2009

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; Bloomberg Barclays Mortgage Backed Bond ETF" bmarkName="Bloomberg Barclays U.S. MBS Index"><funds><field>1 Month</field><fund>-0.32</fund><index>-0.26</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-0.32</fund><index>-0.26</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>3.21</fund><index>3.45</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>2.99</fund><index>3.27</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>3.09</fund><index>3.28</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>2.31</fund><index>2.59</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>3.53</fund><index>3.66</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of   12/01/2016
Name Weight Market Value ISIN
Fannie Mae 2.5 12/31/2049 2.61 % 8,984,816.41 US01F0224C67
Freddie Mac 3 12/31/2049 2.18 % 7,505,759.80 US02R0306C22
Fannie Mae 3 12/31/2049 2.07 % 7,114,460.94 US01F0306C76
Freddie Mac 3.5 12/31/2049 1.79 % 6,161,268.57 US02R0326C85
Government National Mortgage A 3 12/31/2049 1.25 % 4,312,406.25 US21H0306173
Freddie Mac 4 12/31/2049 1.18 % 4,065,117.19 US02R0406C13
Government National Mortgage A 3 09/20/2046 1.15 % 3,973,648.72 US36179SLR66
Freddie Mac 2.5 12/31/2049 1.05 % 3,601,125.00 US02R0224C13
Government National Mortgage A 4 02/20/2046 1.03 % 3,551,883.13 US36179RZU66
Fannie Mae 3.5 04/01/2046 1.01 % 3,491,979.95 US31418B2L90
Download All Holdings XLS

Index Top Holdings

As of 12/01/2016
Name Weight
Federal National Mortgage Association 3.5 05/01/2045 3.42 %
Government National Mortgage Association 3.5 05/01/2045 3.40 %
Federal National Mortgage Association 3 06/01/2046 3.35 %
Government National Mortgage Association 3 04/01/2046 2.98 %
Federal National Mortgage Association 3 02/01/2042 2.58 %
Federal National Mortgage Association 3.5 09/01/2041 2.42 %
Federal Home Loan Mortgage Corporation 3 05/01/2046 2.35 %
Federal National Mortgage Association 3 09/01/2042 2.31 %
Federal Home Loan Mortgage Corporation 3.5 04/01/2045 2.29 %
Government National Mortgage Association 3.5 02/01/2046 2.18 %

Fund Sector Allocation

As of  12/01/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/01/2016</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>98.83626</rawValue><value>98.84%</value><label>Mortgage Backed Securities</label><order>1</order></attribute><attribute><rawValue>1.16374</rawValue><value>1.16%</value><label>Cash</label><order>2</order></attribute></attributes></component>

Index Sector Allocation

As of  12/01/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/01/2016</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>100.0</rawValue><value>100.00%</value><label>Mortgage Backed Securities</label><order>1</order></attribute></attributes></component>

Fund Quality Breakdown

Quality Breakdown

Bloomberg Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Bloomberg Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of  12/01/2016
Aaa 100.00%

Index Quality Breakdown

Quality Breakdown

Bloomberg Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Bloomberg Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of  12/01/2016
Aaa 100.00%

Fund Maturity Ladder

As of  12/01/2016
0 - 1 Year 1.24%
1 - 2 Years 0.25%
2 - 3 Years 0.14%
3 - 5 Years 8.96%
5 - 7 Years 26.95%
7 - 10 Years 52.31%
10 - 15 Years 10.15%

Index Maturity Ladder

As of  12/01/2016
0 - 1 Year 0.09%
2 - 3 Years 0.82%
3 - 5 Years 14.10%
5 - 7 Years 29.04%
7 - 10 Years 55.84%
10 - 15 Years 0.12%

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.

BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays Mortgage Backed 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.

Prior to 10/31/2016, the SPDR Bloomberg Barclays Mortgage Backed Bond ETF was known as the SPDR Barclays Mortgage Backed Bond ETF. Index prior to 10/31/2016 was known as the Barclays U.S. MBS Index. Index after 10/31/2016 is known as the Bloomberg Barclays U.S. MBS Index.

Global Fixed Income, Cash and Currency

Portfolio Manager Joanna Madden Vice President Show Bio

Joanna Madden is a Vice President at State Street Global Advisors and a Portfolio Manager in the Fixed Income Beta Solutions team since 2013.

Previously, she was a Portfolio Manager within the US Cash Management Group responsible for short term liquidity investments across all the cash and securities lending portfolios managed in Boston. She joined the Boston group in April 2010 after working as a Portfolio Manager with the London Cash Management Group.

Prior to her portfolio management role, she was a Product Analyst for the London Cash Management Group where she provided analytical and business support. Before joining SSGA in London, Joanna worked as an Operations Specialist supporting the Boston Cash Management Group.

Joanna received a Bachelor of Science degree in Political Science from Loyola University of Chicago, Illinois.

Senior Portfolio Manager Marc DiCosimo Vice President Show Bio

Marc DiCosimo, CFA is a Vice President of SSGA and a Senior Portfolio Manager in the Fixed Income Group. He joined SSGA in 2013.

Prior to joining SSGA, Mr. DiCosimo worked at Wellington Management as a Fixed Income Portfolio Analyst on the Mortgage Backed Securities team. Mr. DiCosimo has 15 years of fixed income experience working at Loomis Sayles and Saxon Mortgage Capital.

Mr. DiCosimo graduated from The University of Richmond with a degree in accounting. He is a Chartered Financial Analyst and is a member of the CFA Institute and Boston Securities Analysts Society.

Portfolio Manager Michael Przygoda Principal Show Bio

Michael is a Principal of SSGA and a Portfolio Manager in the Fixed Income Beta Solutions team, managing a variety of securitized and custom aggregate bond strategies.

Prior to joining the Fixed Income Beta team, Michael worked as an MBS Trader and a Portfolio Analyst in the Government Solutions team and previously managed the Active Fixed Income Operations team.

Michael received his BA in Finance from Stonehill College and his MS in Finance from Suffolk University. He has earned the Chartered Financial Analyst designation and is a member of both the Boston Security Analysts' Society and the CFA Institute.

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.

Bloomberg Barclays U.S. MBS Index

The Bloomberg Barclays U.S. MBS Index (the "MBS Index") measures the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market. The term "U.S. agency mortgage pass-through security" refers to a category of pass-through securities backed by pools of mortgages and issued by one of the following U.S. government-sponsored enterprises: Government National Mortgage Association ("GNMA"); Federal National Mortgage Association ("FNMA") and Federal Home Loan Mortgage Corporation ("FHLMC").

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.

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.

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. 

Premium Discount to NAV

As of  12/01/2016
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® Bloomberg Barclays Mortgage Backed Bond ETF MBG $26.29 $26.31 $26.32 0.11%
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.