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WIP

SPDR® DB International Government Inflation-Protected Bond ETF

Fund Objective

The SPDR® DB International Government Inflation-Protected Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of DB Global Government ex-US Inflation-Linked Bond Capped Index.

Ordinary brokerage commissions may apply.

Fund Information

As of 08/30/2015
Ticker SymbolWIP
Primary BenchmarkDB Global Government ex-US Inflation-Linked Bond Capped Index
CUSIP78464A490
Short Selling AllowedYes
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.

0.50%
Inception Date03/13/2008
Investment ManagerSSGA Funds Management, Inc.
Management TeamGlobal Fixed Income, Cash and Currency
DistributorState Street Global Markets, LLC
Distribution FrequencyMonthly
ExchangeNYSE ARCA EXCHANGE

Fund Characteristics

As of 08/27/2015
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bonds and the average time to receipt of all principal payments for amortizing instruments, including mortgage pass-throughs, CMOs, amortizing asset-backed securities and ARMs.

12.55
Average PriceN/A
Average Yield To Worst

For callable and/or puttable securities, the minimum value of the yield to maturity, yield to put, and yield to call. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

1.93%
Current Yield

 Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

1.93%
Number of Holdings122
Real Adjusted Duration

Real Adjusted Duration

A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

10.88 years
Yield To Maturity

Average Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

0.66%

Yields

As of 08/27/2015
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.

0.37%
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.

0.52%

Index Characteristics

As of 08/27/2015
Average Coupon

 Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio

2.20%
Average Credit Quality

Average Credit Quality

Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.

Aa3
Average Maturity in Years12.49
Average PriceN/A
Average SpreadN/A
Average Yield To Worst

For callable and/or puttable securities, the minimum value of the yield to maturity, yield to put, and yield to call. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

1.91%
Convexity2.29%
Current Yield

 Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

1.91%
Modified Adjusted Duration

Modified Adjusted Duration

An option-adjusted measure of a portfolio's sensitivity to changes in interest rates.  Calculated as the percentage change of a portfolio's value for a 100 basis point change in yield.

N/A
Number of Holdings178
Real Modified Duration

Real Adjusted Duration

A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

10.85 years
Tracking ErrorN/A
Yield To Maturity

Average Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

0.64%

Fund Documents

Fund Market Price

As of 08/27/2015
Bid/Ask$52.68
Closing Price$52.65
Day High$52.74
Day Low$52.47
Exchange Volume (shares)

The Exchange Volume represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

11,570
Premium/Discount-0.22%
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 08/27/2015
Price$52.80
Shares Outstanding14.00 M
Total Net Assets$739.17 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 08/27/2015
Net Cash Amount$4,668,987.04

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 07/31/2015

Fund Inception Date: 03/13/2008

Index Inception Date: 02/25/2008

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; DB International Government Inflation-Protected Bond ETF" bmarkName="DB Global Government ex-US Inflation-Linked Bond Capped Index"><funds><field>1 Month</field><fund>-0.88</fund><index>-0.90</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-0.88</fund><index>-0.90</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-5.33</fund><index>-4.94</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-11.10</fund><index>-10.61</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>-1.19</fund><index>-0.61</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>2.35</fund><index>2.90</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>0.86</fund><index>1.71</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 06/30/2015

Fund Inception Date: 03/13/2008

Index Inception Date: 02/25/2008

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; DB International Government Inflation-Protected Bond ETF" bmarkName="DB Global Government ex-US Inflation-Linked Bond Capped Index"><funds><field>1 Month</field><fund>-0.28</fund><index>-0.12</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-0.30</fund><index>-0.11</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-4.49</fund><index>-4.08</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-11.25</fund><index>-10.81</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>-0.29</fund><index>0.36</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>3.67</fund><index>4.25</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>1.00</fund><index>1.85</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of 08/27/2015
NameWeightMarket ValueISIN
FRANCE (GOVT OF) 2.25 07/25/20202.74%20,134,053.75FR0010050559
BUONI POLIENNALI DEL TES 2.35 09/15/20242.49%18,245,410.79IT0005004426
BUONI POLIENNALI DEL TES 3.1 09/15/20262.46%18,071,857.07IT0004735152
TSY 4 1/8% 2030I/L STOCK 4.125 07/22/20302.29%16,806,976.11GB0008932666
BUONI POLIENNALI DEL TES 2.6 09/15/20232.28%16,702,903.56IT0004243512
TSY 1 1/4% 2055 I/L GILT 1.25 11/22/20552.16%15,858,047.81GB00B0CNHZ09
KOREA TREASURY ILB 2.75 06/10/20202.08%15,245,712.49KR1035037061
JAPAN GOVT CPI LINKED 0.1 03/10/20242.04%14,992,315.21JP1120181E49
FRANCE (GOVT OF) 1 07/25/20172.03%14,871,225.24FR0010235176
BUONI POLIENNALI DEL TES 2.35 09/15/20191.98%14,550,828.60IT0004380546
Download All Holdings XLS

Index Top Holdings

As of 08/27/2015
NameWeightisin
FRANCE (GOVT OF) 2.25 07/25/20202.18%FR0010050559
FRANCE (GOVT OF) 1 07/25/20171.83%FR0010235176
POLAND GOVERNMENT BOND 3 08/24/20161.75%PL0000103529
BUONI POLIENNALI DEL TES 2.6 09/15/20231.66%IT0004243512
FRANCE (GOVT OF) 1.1 07/25/20221.65%FR0010899765
BUONI POLIENNALI DEL TES 2.35 09/15/20191.56%IT0004380546
KOREA TREASURY ILB 1.5 06/10/20211.51%KR1035037160
SWEDEN I/L BOND 3.5 12/01/20281.51%SE0000556599
BUONI POLIENNALI DEL TES 2.1 09/15/20211.48%IT0004604671
DEUTSCHLAND I/L BOND 1.75 04/15/20201.44%DE0001030526

Fund Sector Allocation

As of 08/27/2015
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Index Sector Allocation

As of 08/27/2015
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>08/27/2015</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>100.0</rawValue><value>100.00%</value><label>Treasury</label><order>1</order></attribute></attributes></component>

Fund Quality Breakdown

Quality Breakdown

Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of 08/27/2015
Aaa17.38%
Aa42.32%
A16.60%
Baa23.70%

Index Quality Breakdown

Quality Breakdown

Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of 08/27/2015
Aaa17.18%
Aa42.37%
A16.67%
Baa23.78%

Fund Maturity Ladder

As of 08/27/2015
0 - 1 Year1.89%
1 - 2 Years5.43%
2 - 3 Years5.96%
3 - 5 Years12.81%
5 - 7 Years9.62%
7 - 10 Years23.23%
10 - 15 Years13.51%
15 - 20 Years8.81%
20 - 30 Years8.48%
> 30 Years10.25%

Index Maturity Ladder

As of 08/27/2015
0 - 1 Year2.20%
1 - 2 Years5.52%
2 - 3 Years6.45%
3 - 5 Years12.85%
5 - 7 Years11.87%
7 - 10 Years20.38%
10 - 15 Years11.70%
15 - 20 Years7.33%
20 - 30 Years13.39%
> 30 Years7.57%

Fund Country Weights

As of 08/27/2015
United Kingdom19.71%
France15.28%
Italy11.05%
Japan4.90%
Germany4.76%
Israel4.58%
Canada4.34%
Mexico4.32%
South Africa4.32%
Turkey4.26%
Chile4.26%
Brazil4.07%
Sweden4.06%
South Korea3.07%
Poland2.87%
United States0.16%
Australia0.00%

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 DB International Government Inflation-Protected Bond ETF.

"Deutsche Bank" and "DB Global Government ex-US Inflation-Linked Bond Capped IndexSM" are reprinted with permission.  © Copyright 2008 Deutsche Bank AG.  All rights reserved.  "Deutsche Bank" and "Deutsche Bank Securities Inc." are service marks of Deutsche Bank AG and have been licensed for use for certain purposes by SSGA.  The Product is not sponsored, endorsed, sold or promoted by Deutsche Bank AG.  Deutsche Bank AG, as Index Provider, makes no representation, express or implied, regarding the advisability of investing in this product.  As the Index Provider, Deutsche Bank AG is licensing certain trademarks, the underlying Index and trade names which are composed by Deutsche Bank AG without regard to Index, this product or any investor.

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.

Global Fixed Income, Cash and Currency

Senior Portfolio Manager Mahesh Jayakumar Vice President Show Bio

Mahesh is a Vice President of the Fixed Income, Currency and Cash Investments team at State Street Global Advisors and has been a member of the team since 2010. In this current role as a portfolio manager in the Fixed Income Beta Solutions group, he is responsible for managing several funds and ETF's spanning diverse areas such as US Aggregate strategies, Global Treasuries/Inflation strategies, Government/Credit portfolios, Green bonds and custom or client directed mandates.

Through his membership in the Corporate Responsibility Working Group at State Street and other ESG related activities, Mahesh is active in the growth of Environmental Finance within the company. He has also held prior roles in State Street Global Markets where he spent time in the Investor Behavior Research Team (IBRT) at State Street Associates working on the research and development of quantitative market indicators.

Mahesh holds an MBA from the MIT Sloan School of Management, MS in Computer Science from Boston University and BS in Information Systems from Purdue University. He has earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and Boston Security Analysts Society. He has also earned the Financial Risk Manager (FRM) designation and is a member of the Global Association of Risk Professionals (GARP).

Analyst Cindy Moy Associate Show Bio

Cindy is a Principal at State Street Global Advisors, in the Fixed Income Beta Solutions group. She works in the portfolio management team, where she primarily manages government bond strategies. She is also an analyst in the Government Solutions team, where she is responsible for credit surveillance of housing finance agency bonds. Cindy's prior roles at State Street include work as an analyst in the Stable Value team, the Global Structured Products group, as well as the mutual funds division.

Cindy holds a BA in Quantitative Economics from Tufts University.

Portfolio Manager Peter R. Breault Principal Show Bio

Peter R Breault, CFA is a Principal of SSGA and a Portfolio Manager in the firm's Fixed Income Group. He joined the Adviser in 2012.

Prior to joining State Street, Mr. Breault worked at Wellington Management Company as a Fixed Income Portfolio Analyst in their US Fixed Income Broad Sector team.

Mr. Breault graduated from the University of Massachusetts at Dartmouth with a BA degree in Finance and received his Masters in Finance from Northeastern University. He has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and Boston Security Analysts Society.

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.

DB Global Government ex-US Inflation-Linked Bond Capped Index

The DB Global Government ex-US Inflation-Linked Bond Capped Index measures the total return performance of inflation-linked government bonds from developed and emerging market countries outside of the United States. The Index includes government debt (direct obligations of the issuer country) but does not include quasi-government debt or corporate debt. The securities are denominated in and pay coupon and principal in the domestic currency of the issuer country. Each of the component securities in the Index is a constituent of the DB Global Government ex-US Inflation-Linked Bond Index screened such that the following countries are included: Australia, Brazil, Canada, Chile, France, Germany, Greece, Israel, Italy, Japan, Mexico, Poland, South Africa, South Korea, Sweden, Turkey, Uruguay and the United Kingdom. In addition, the securities in the Index must be inflation-linked and have certain minimum amounts outstanding, depending upon the currency in which the bonds are denominated. To be included in the Index, bonds must: (i) be capital-indexed and linked to an eligible inflation index; (ii) have at least one year remaining to maturity at the Index rebalancing date; (iii) have a fixed, step-up or zero notional coupon; and (iv) settle on or before the Index rebalancing date.

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.

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.

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.

The Fund invests by sampling the Index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics which may cause the fund to experience tracking errors relative to performance of the Index.

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 08/27/2015
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® DB International Government Inflation-Protected Bond ETF WIP $52.80 $52.65 $52.68 -0.22%
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.