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Home   »   ETFs : SPDR® SSgA Multi-Asset Real Return ETF (RLY)
RLY

SPDR® SSgA Multi-Asset Real Return ETF

Fund Objective

The SPDR® SSgA Multi-Asset Real Return ETF seeks to achieve real return consisting of capital appreciation and current income. 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 04/21/2014
Ticker SymbolRLY
Primary BenchmarkBarclays U.S. Government Inflation-linked Bond Index
Secondary BenchmarkSSgA Multi-Asset Real Return Composite Index
Tertiary BenchmarkDBIQ Optimum Yield Diversified Commodity Index Excess Return
CUSIP78467V103
Short Selling AllowedNo
Options AvailableNo
Gross Expense Ratio0.70%
Inception Date04/25/2012
Investment ManagerSSgA Funds Management, Inc.
Management TeamMulti-Asset Real Return Team
DistributorState Street Global Markets, LLC
Distribution FrequencyQuarterly
ExchangeNYSE ARCA EXCHANGE

Fund Characteristics

As of 04/17/2014
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.

2.18%
Number of Holdings14

30 DAY SEC YIELD

As of 04/16/2014
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.

1.81%

Fund Documents

Fund Market Price

As of 04/16/2014
Bid/Ask$29.92
Closing Price$29.91
Day High$29.93
Day Low$29.82
Exchange Volume (shares)3,098
Premium/Discount-0.04%
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 04/16/2014
Price$29.93
Shares Outstanding4.00 M
Total Net Assets$119.76 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 04/17/2014
Net Cash Amount-$9,467.84

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: 02/28/1997

Inception Date of Secondary Index: 08/01/2008

Inception Date of Tertiary Index: 12/31/2003

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; SSgA Multi-Asset Real Return ETF" bmarkName="Barclays US Government Inflation Linked Bond Index" secondBmarkName="SSgA Multi-Asset Real Return Composite Index" tertiaryBmarkName="DBIQ Optimum Yield Diversified Commodity Index Excess Return"><funds><field>1 Month</field><fund>0.53</fund><index>-0.45</index><secondIndex>0.55</secondIndex><tertiaryIndex>0.10%</tertiaryIndex></funds><funds><field>QTD</field><fund>1.76</fund><index>2.21</index><secondIndex>2.27</secondIndex><tertiaryIndex>2.14%</tertiaryIndex></funds><funds><field>YTD</field><fund>1.76</fund><index>2.21</index><secondIndex>2.27</secondIndex><tertiaryIndex>2.14%</tertiaryIndex></funds><funds><field>1 YR</field><fund>-0.45</fund><index>-6.80</index><secondIndex>0.28</secondIndex><tertiaryIndex>-3.47%</tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>3.57</index><secondIndex>0.43</secondIndex><tertiaryIndex>-4.36%</tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>4.94</index><secondIndex>11.65</secondIndex><tertiaryIndex>5.89%</tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>4.54</index><secondIndex>N/A</secondIndex><tertiaryIndex>6.41%</tertiaryIndex></funds><funds><field>Inception</field><fund>1.28</fund><index>-1.56</index><secondIndex>2.64</secondIndex><tertiaryIndex>-2.85%</tertiaryIndex></funds></performance>

Quarter End as of 03/31/2014

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 02/28/1997

Inception Date of Secondary Index: 08/01/2008

Inception Date of Tertiary Index: 12/31/2003

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; SSgA Multi-Asset Real Return ETF" bmarkName="Barclays US Government Inflation Linked Bond Index" secondBmarkName="SSgA Multi-Asset Real Return Composite Index" tertiaryBmarkName="DBIQ Optimum Yield Diversified Commodity Index Excess Return"><funds><field>1 Month</field><fund>0.53</fund><index>-0.45</index><secondIndex>0.55</secondIndex><tertiaryIndex>0.10%</tertiaryIndex></funds><funds><field>QTD</field><fund>1.76</fund><index>2.21</index><secondIndex>2.27</secondIndex><tertiaryIndex>2.14%</tertiaryIndex></funds><funds><field>YTD</field><fund>1.76</fund><index>2.21</index><secondIndex>2.27</secondIndex><tertiaryIndex>2.14%</tertiaryIndex></funds><funds><field>1 YR</field><fund>-0.45</fund><index>-6.80</index><secondIndex>0.28</secondIndex><tertiaryIndex>-3.47%</tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>3.57</index><secondIndex>0.43</secondIndex><tertiaryIndex>-4.36%</tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>4.94</index><secondIndex>11.65</secondIndex><tertiaryIndex>5.89%</tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>4.54</index><secondIndex>N/A</secondIndex><tertiaryIndex>6.41%</tertiaryIndex></funds><funds><field>Inception</field><fund>1.28</fund><index>-1.56</index><secondIndex>2.64</secondIndex><tertiaryIndex>-2.85%</tertiaryIndex></funds></performance>

Fund Top Holdings
Subject to change.

As of 04/17/2014
NameTickerWeight
SPDR S&P Global Natural Resources ETFGNR33.58%
PowerShares DB Commodity Index Tracking FundDBC19.91%
SPDR Dow Jones REIT ETFRWR11.30%
SPDR Dow Jones International Real Estate ETFRWX10.01%
SPDR Barclays TIPS ETFIPE9.06%
Energy Select Sector SPDR FundXLE4.10%
SPDR S&P Metals & Mining ETFXME2.97%
PowerShares Global Agriculture PortfolioPAGG2.93%
SPDR DB International Government Inflation-Protected Bond ETFWIP2.59%
SPDR S&P International Energy Sector ETFIPW2.06%
PowerShares DB Agriculture FundDBA0.93%
Market Vectors Gold Miners ETF Gold Miners FundGDX0.54%
PowerShares DB Oil FundDBO0.01%
Stt Instl Liquid Reserves Stif Usd@NA0.01%
Download All Holdings XLS

Asset Class Breakdown

As of 04/17/2014
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>04/17/2014</asOfDate><attributes><attribute><rawValue>46.18</rawValue><value>46.18%</value><label>Natural Resources</label><order>1</order></attribute><attribute><rawValue>21.31</rawValue><value>21.31%</value><label>Real Estate</label><order>2</order></attribute><attribute><rawValue>20.85</rawValue><value>20.85%</value><label>Commodities</label><order>3</order></attribute><attribute><rawValue>11.65</rawValue><value>11.65%</value><label>Inflation Linked Bonds</label><order>4</order></attribute><attribute><rawValue>0.01</rawValue><value>0.01%</value><label>Cash</label><order>5</order></attribute></attributes><code>ASSET_CLASS_BREAKDOWN</code></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.

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 Multi-Asset Real Return 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 Multi-Asset Real Return Composite Index components: 25% S&P Global Natural Resources Index; 20% DBIQ Optimum Yield Diversified Commodity Index Excess Return Index; 15% Barclays US Government Inflation-Linked Bond Index; 11% DJ Global Ex-US Select Resi Index; 10% DB Global Government Ex US Inflation Linked Bond Capped Index; 9% DJ US Select REIT Index; 3% S&P Metals & Mining Select Industry ETF and NASDAQ Global Agriculture Index; 2% Energy Select SPDR Index and S&P Developed Ex US BMI Energy Sector Index.

The primary benchmark for the SPDR SSgA Multi-Asset Real Return ETF is the Barclays U.S. Government Inflation-linked Bond Index. The secondary and tertiary benchmarks are provided for comparison purposes.

Multi-Asset Real Return Team

Senior Portfolio Manager Rob Guiliano Vice President Show Bio

Robert Guiliano Senior Portfolio Manager SSgA Portfolio Management ? Investment Solutions Group (ISG)

Rob is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in SSgA's US Portfolio Management - Investment Solutions Group (ISG). He joined the firm in November 1997 and his responsibilities include the management of real asset, tactical, and strategic multi-asset allocation strategies as well as conducting research, product development, and advising institutional clients on investment policy. Prior to joining the ISG team, he was a portfolio manager/analyst in the Product Engineering group supporting the global asset allocation and currency investment management teams.

Previously, he worked as an Investment Marketing Analyst for SSgA's defined contribution group, CitiStreet. Prior to SSgA, he worked as an Assistant Relationship Representative at Funds Distributor Inc. Before entering investment management in 1996, Rob work as a Construction and Environmental Project Manager for ExxonMobil Corporation for seven years.

Rob earned a Masters in Business Administration from Boston University in 1996 with a concentration in Finance and Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute in 1989 with a Minor in Economics. He is a member of the CFA Institute and Boston Security Analysts Society.

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 John A. Gulino Principal Show Bio

John is a Principal of State Street Global Advisors and a Portfolio Manager with the Investment Solutions Group ("ISG"). He is responsible for investment management, research, product development, and positioning for asset allocation and real asset strategies.

Prior to joining the Investment Solutions Group, John was responsible for product information management in the Interactive Sales and Marketing Team. Before joining SSgA, John spent six years with the Fidelity Investments Company.

John graduated from Bryant University with a Bachelor of Science in Business Administration with a concentration in Finance. He has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and Boston Security Analyst Society (BSAS).

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.

Barclays US Government Inflation Linked Bond Index

The Barclays U.S. Government Inflation-linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. The notional coupon of a bond must be fixed or zero. Bonds must settle on or before the index rebalancing date.

© 2014 State Street Corporation. All Rights Reserved.

SSgA Multi-Asset Real Return Composite Index

The SSgA Multi-Asset Real Return 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.

DBIQ Optimum Yield Diversified Commodity Index Excess Return

The Deutsche Bank Liquid Commodities Indices Optimum Yield (DBLCI-OY) employs a rule based approach when it rolls from one futures contract to another for each commodity in the index. Rather than select the new future based on a predefined schedule (e.g. monthly) the index rolls to that future (from the list of tradable futures which expire in the next thirteen months) which generates the maximum implied roll yield. The index aims to maximize the potential roll benefits in backwardated markets and minimize the loss from rolling down the curve in contago markets. The selected DBLCI-OY index future contract is rolled to a new contract, when the existing contract is close to expiry. DBLCI Diversified Index represents 14 commodities drawn from the Energy, Precious Metals, Industrial Metals and Agriculture sectors.

© 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 04/16/2014
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® SSgA Multi-Asset Real Return ETF RLY $29.93 $29.91 $29.92 -0.04%
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.