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SYV

SPDR® MFS Systematic Value Equity ETF

Fund Objective

The SPDR® MFS Systematic Value Equity ETF investment objective is to seek capital appreciation.

Ordinary brokerage commissions may apply.

Fund Information

As of   12/11/2016
Ticker Symbol SYV
Primary Benchmark Russell 1000 Value Index
CUSIP 78467V871
Options Available No
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.

0.60%
Inception Date 01/08/2014
Investment Manager SSGA Funds Management, Inc.
Sub-advisor Massachusetts Financial Services Company
Distributor State Street Global Markets, LLC
Distribution Frequency Quarterly
Exchange NYSE ARCA EXCHANGE

Fund Characteristics

As of   12/09/2016
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.

9.47%
Number of Holdings 55
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

1.91
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

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

14.26
Weighted Average Market Cap $95,282.22 M

Yields

As of   12/08/2016
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.

1.75%
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.

1.76%
Index Dividend Yield

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

2.50%

Index Characteristics

As of   12/08/2016
Est. 3-5 Year EPS Growth 7.78%
Number of Holdings 692
Price/Cash Flow 10.64
Price/Earnings 17.55
Price/Earnings Ratio FY1 17.24
Return On Equity 10.33%

Fund Documents

Fund Market Price

As of   12/08/2016
Bid/Ask $58.81
Closing Price $58.05
Day High $58.05
Day Low $58.05
Exchange Volume (shares) 4
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)

0.07%
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   12/08/2016
NAV $58.77
Shares Outstanding 50,000
Total Net Assets $2.94 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   12/08/2016
Net Cash Amount $40,889.87

Index Statistics

As of   12/08/2016
Weighted Average Market Cap $108,839.95 M
Average Size
Mean $20,658.29 M
Median $7,800.76 M
Size Range
Largest $604,152.25 M
Smallest $184.94 M

Purchase Information

Buying and Selling ETFs

ETFs are flexible and relatively 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: 01/08/2014

Index Inception Date: 12/31/1978

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Fund Top Holdings

Subject to change.

As of   12/09/2016
Name Weight Shares Held
JPMorgan Chase & Co 6.25 % 2,129
Prudential Financial Inc 3.74 % 1,027
Bank of America Corp 3.54 % 4,460
Discover Financial Services 3.48 % 1,391
Valero Energy Corp 3.18 % 1,363
Exelon Corp 3.18 % 2,654
Merck & Co Inc 3.09 % 1,469
Northrop Grumman Corp 2.96 % 361
HCA Holdings Inc 2.87 % 1,140
Rice Energy Inc 2.63 % 3,100
Download All Holdings XLS

Index Top Holdings

As of 12/08/2016
Name Weight
Exxon Mobil Corporation 3.32 %
Berkshire Hathaway Inc. Class B 2.79 %
JPMorgan Chase & Co. 2.79 %
Wells Fargo & Company 2.36 %
Johnson & Johnson 2.27 %
AT&T Inc. 2.24 %
Bank of America Corporation 2.12 %
General Electric Company 2.11 %
Chevron Corporation 1.95 %
Procter & Gamble Company 1.92 %

Fund Sector Allocation

As of  12/09/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/09/2016</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>28.475661</rawValue><value>28.48%</value><label>Financial Services</label><order>1</order></attribute><attribute><rawValue>12.027963</rawValue><value>12.03%</value><label>Health Care</label><order>2</order></attribute><attribute><rawValue>11.6372</rawValue><value>11.64%</value><label>Energy</label><order>3</order></attribute><attribute><rawValue>10.684611</rawValue><value>10.68%</value><label>Utilities</label><order>4</order></attribute><attribute><rawValue>10.189508</rawValue><value>10.19%</value><label>Technology</label><order>5</order></attribute><attribute><rawValue>8.87569</rawValue><value>8.88%</value><label>Consumer Discretionary</label><order>6</order></attribute><attribute><rawValue>8.808637</rawValue><value>8.81%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>7.247633</rawValue><value>7.25%</value><label>Producer Durables</label><order>8</order></attribute><attribute><rawValue>2.053097</rawValue><value>2.05%</value><label>Materials &amp; Processing</label><order>9</order></attribute></attributes></component>

Index Sector Allocation

As of  12/08/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/08/2016</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>31.76</rawValue><value>31.76%</value><label>Financial Services</label><order>1</order></attribute><attribute><rawValue>13.61</rawValue><value>13.61%</value><label>Energy</label><order>2</order></attribute><attribute><rawValue>10.06</rawValue><value>10.06%</value><label>Producer Durables</label><order>3</order></attribute><attribute><rawValue>10.06</rawValue><value>10.06%</value><label>Health Care</label><order>4</order></attribute><attribute><rawValue>9.46</rawValue><value>9.46%</value><label>Utilities</label><order>5</order></attribute><attribute><rawValue>9.15</rawValue><value>9.15%</value><label>Technology</label><order>6</order></attribute><attribute><rawValue>6.87</rawValue><value>6.87%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>5.85</rawValue><value>5.85%</value><label>Consumer Discretionary</label><order>8</order></attribute><attribute><rawValue>3.19</rawValue><value>3.19%</value><label>Materials &amp; Processing</label><order>9</order></attribute></attributes></component>

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.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Unless otherwise noted all information contained herein is that of the SPDR MFS Systematic Value Equity 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.

No Team Members exists.

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 1000 Value Index

The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth values.

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.

The Fund is actively managed and may underperform its benchmarks. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.

Actively managed ETFs do not seek to replicate the performance of a specified index.

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.

Returns on investments in stocks of large U.S companies could trail the returns on investments in stocks of smaller and mid-sized companies.

The Fund may emphasize a "value" style of investing that emphasizes undervalued companies with characteristics for improved valuations, which may never improve and may actually have lower returns than other styles of investing or the overall stock market.

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  12/08/2016
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® MFS Systematic Value Equity ETF SYV $58.77 $58.05 $58.81 0.07%
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.