The SPDR® S&P® 500 Value ETF (the "Fund") seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics.
Ordinary brokerage commissions may apply.
|Primary Benchmark||S&P 500 Value Index|
|Short Selling Allowed||Yes|
|Gross Expense Ratio||0.20%|
|Investment Manager||SSgA Funds Management, Inc.|
|Management Team||ETF Management Team|
|Distributor||State Street Global Markets, LLC|
|Exchange||NYSE ARCA EXCHANGE|
|Variable Fee for Cash Creation||.25%|
|Variable Fee for Cash Redemption||.25%|
|Est. 3-5 Year EPS Growth||9.59%|
|FY 1 P/E Ratio||14.07|
|Number of Holdings||342|
|Weighted Average Market Cap||$117,302.44 M|
|30 Day SEC Yield||2.11%|
|Est. 3-5 Year EPS Growth||9.58%|
|FY 1 P/E Ratio||14.08|
|Number of Holdings||340|
|Return On Equity||17.08%|
As of 02/28/2014
As of 12/31/2013
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
|Exchange Volume (shares)||2,286|
|Shares Outstanding||1.95 M|
|Total Net Assets||$182.08 M|
|Net Cash Amount||$684,026.33|
|Weighted Average Market Cap||$117,228.66 M|
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.
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.
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.
ETFs trade like stocks, are subject to investment risk, 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.
Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.
Prior to December 17, 2010, the SPDR S&P 500 Value ETF was known as the SPDR Dow Jones Large Cap Value ETF.
Dow Jones and Dow Jones Total Stock Market Indexes are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by State Street Bank and Trust. SPDR ETFs based on the Dow Jones Indexes, are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in such product(s).
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.