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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 03/30/2015
Ticker SymbolRLY
Primary BenchmarkBarclays U.S. Government Inflation-linked Bond Index
Secondary BenchmarkDBIQ Optimum Yield Diversified Commodity Index Excess Return
CUSIP78467V103
Short Selling AllowedNo
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.

0.70%
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 03/27/2015
Number of Holdings12

Yields

As of 03/27/2015
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.

1.77%
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.

1.91%

Fund Documents

Fund Market Price

As of 03/27/2015
Bid/Ask$26.31
Closing Price$26.31
Day High$26.40
Day Low$26.31
Exchange Volume (shares)1,663
Premium/Discount-0.09%
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 03/27/2015
Price$26.33
Shares Outstanding6.40 M
Total Net Assets$168.57 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 03/27/2015
Net Cash Amount-$7,158.63

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 02/28/2015

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 02/28/1997

Inception Date of Secondary Index: 12/31/2003

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Quarter End as of 12/31/2014

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 02/28/1997

Inception Date of Secondary Index: 12/31/2003

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Fund Top Holdings

Subject to change.

As of 03/27/2015
NameTickerWeight
SPDR S&P Global Natural Resources ETFGNR29.01%
PowerShares DB Commodity Index Tracking FundDBC17.41%
SPDR Barclays TIPS ETFIPE14.77%
SPDR Dow Jones REIT ETFRWR11.34%
SPDR Dow Jones International Real Estate ETFRWX8.27%
Stt Instl Liquid Reserves Stif Usd@NA5.51%
SPDR DB International Government Inflation-Protected Bond ETFWIP4.58%
Energy Select Sector SPDR FundXLE3.97%
PowerShares Global Agriculture PortfolioPAGG2.04%
SPDR S&P International Energy Sector ETFIPW1.98%
SPDR S&P Metals & Mining ETFXME1.09%
PowerShares DB Oil FundDBO0.01%
Download All Holdings XLS

Asset Class Breakdown

As of 03/27/2015
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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 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.

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 Michael O. Martel Vice President Show Bio

Mike is a Vice President of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team.

He has been working in the investment management field since 1992.

Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College.

Portfolio Manager John A. Gulino Vice President Show Bio

John is a Vice President of State Street Global Advisors and a Portfolio Manager with the Investment Solutions Group ("ISG"). He is responsible for the development and investment management of global asset allocation strategies including tactical asset allocation and real asset strategies.

Prior to joining SSGA, John spent six years with the Fidelity Investments Company. John is also an adjunct instructor for the Executive Development Center at Bryant University in Smithfield, RI.

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 U.S. 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.

© 2015 State Street Corporation. All Rights Reserved.

DBIQ Optimum Yield Diversified Commodity Index Excess Return

The DBIQ Optimum Yield Diversified Commodity Index Excess Return employs a rule based approach when it rolls from one futures contract to another for each commodity in the index. DBLCI Diversified Index represents 14 commodities drawn from the Energy, Precious Metals, Industrial Metals and Agriculture sectors.

© 2015 State Street Corporation. All Rights Reserved.

© 2015 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 03/27/2015
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® SSGA Multi-Asset Real Return ETF RLY $26.33 $26.31 $26.31 -0.09%
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.