The SPDR® S&P® 1500 Value Tilt 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 U.S. equity securities exhibiting "value" characteristics.
Ordinary brokerage commissions may apply.
|Primary Benchmark||S&P 1500 Low Valuation Tilt Index|
|Short Selling Allowed||Yes|
|Gross Expense Ratio||0.35%|
|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||.30%|
|Variable Fee for Cash Redemption||.30%|
|Earnings Growth 5 Year||10.82%|
|FY 1 P/E Ratio||14.63|
|Number of Holdings||1,421|
|Weighted Average Market Cap||$100,180.00 M|
|30 Day SEC Yield||1.66%|
|Earnings Growth 3 Year||10.83%|
|FY 1 P/E Ratio||14.63|
|Number of Holdings||1,450|
|Return On Equity||15.76%|
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)||158|
|Total Net Assets||$8.06 M|
|Net Cash Amount||$36,566.55|
|Weighted Average Market Cap||$93,750.14 M|
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.
The Fund employs 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.
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 S&P 1500 Value Tilt 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.