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WIP

SPDR® Citi International Government Inflation-Protected Bond ETF

Fund Objective

The SPDR® Citi 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 Citi International Inflation-Linked Securities Select Index.

Ordinary brokerage commissions may apply.

Fund Information

As of   12/05/2016
Ticker Symbol WIP
Primary Benchmark Citi International Inflation-Linked Securities Select Index
CUSIP 78464A490
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.

0.50%
Inception Date 03/13/2008
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Markets, LLC
Distribution Frequency Monthly
Exchange NYSE ARCA EXCHANGE

Fund Characteristics

As of   12/01/2016
Average Coupon

 Average Coupon

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

2.25%
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.

13.78
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.

1.00%
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.

1.00%
Number of Holdings 181
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.

11.93 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.

0.65%

Yields

As of   12/01/2016
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.

0.68%
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.

0.09%

Index Characteristics

As of   12/01/2016
Average Coupon 2.26%
Average Maturity in Years 13.70
Average Yield To Worst 1.02%
Current Yield 1.02%
Number of Holdings 180
Real Adjusted Duration 11.86 years
Yield To Maturity 0.66%

Fund Documents

Fund Market Price

As of   12/01/2016
Bid/Ask $52.16
Closing Price $52.06
Day High $52.92
Day Low $51.75
Exchange Volume (shares)

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

6,072
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)

0.21%
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   12/01/2016
NAV $52.05
Shares Outstanding 10.70 M
Total Net Assets $556.96 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   12/01/2016
Net Cash Amount $737,423.82

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 10/31/2016

Fund Inception Date: 03/13/2008

Index Inception Date: 01/14/2016

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Fund Top Holdings

Subject to change.

As of   12/01/2016
Name Weight Market Value ISIN
SPAIN I/L BOND 1.8 11/30/2024 1.86 % 10,375,481.35 ES00000126A4
JAPAN GOVT CPI LINKED 0.1 03/10/2025 1.73 % 9,622,583.34 JP1120201F51
SPAIN I/L BOND 0.55 11/30/2019 1.61 % 8,947,391.42 ES00000126W8
TSY 0 1/8% 2024 I/L GILT 0.125 03/22/2024 1.40 % 7,813,258.82 GB00B85SFQ54
TSY 2% 2035 I/L STOCK 2 01/26/2035 1.27 % 7,092,151.79 GB0031790826
DEUTSCHLAND I/L BOND 1.75 04/15/2020 1.24 % 6,895,528.01 DE0001030526
TSY 1 1/4% 2055 I/L GILT 1.25 11/22/2055 1.22 % 6,822,238.19 GB00B0CNHZ09
TSY 0 1/8% 2068 I/L GILT 0.125 03/22/2068 1.20 % 6,681,166.14 GB00BDX8CX86
TSY 0 3/8% 2062 I/L GILT 0.375 03/22/2062 1.18 % 6,558,251.92 GB00B4PTCY75
TSY 0 1/2% 2050 I/L GILT 0.5 03/22/2050 1.16 % 6,469,048.29 GB00B421JZ66
Download All Holdings XLS

Index Top Holdings

As of 12/01/2016
Name Weight isin
SPAIN I/L BOND 1.8 11/30/2024 1.76 % ES00000126A4
JAPAN GOVT CPI LINKED .1 03/10/2025 1.56 % JP1120201F51
SPAIN I/L BOND .55 11/30/2019 1.45 % ES00000126W8
NOTA DO TESOURO NACIONAL 6 08/15/2050 1.32 % BRSTNCNTB3D4
TSY 1 1/4% 2055 I/L GILT 1.25 11/22/2055 1.31 % GB00B0CNHZ09
TSY 0 3/8% 2062 I/L GILT .375 03/22/2062 1.20 % GB00B4PTCY75
TSY 0 1/8% 2068 I/L GILT .125 03/22/2068 1.19 % GB00BDX8CX86
DEUTSCHLAND I/L BOND 1.75 04/15/2020 1.17 % DE0001030526
FRANCE (GOVT OF) 2.25 07/25/2020 1.08 % FR0010050559
TSY 1 1/8% 2037 I/L GILT 1.125 11/22/2037 1.08 % GB00B1L6W962

Fund Sector Allocation

As of  12/01/2016
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Index Sector Allocation

As of  12/01/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/01/2016</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

Bloomberg 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.  Bloomberg 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  12/01/2016
Aaa 17.65%
Aa 38.14%
A 13.78%
Baa 17.72%
Below Baa 12.71%

Index Quality Breakdown

Quality Breakdown

Bloomberg 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.  Bloomberg 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  12/01/2016
Aaa 17.22%
Aa 38.36%
A 13.82%
Baa 17.48%
Below Baa 12.91%
Not Rated 0.21%

Fund Maturity Ladder

As of  12/01/2016
0 - 1 Year 0.24%
1 - 2 Years 4.55%
2 - 3 Years 6.09%
3 - 5 Years 13.57%
5 - 7 Years 12.04%
7 - 10 Years 18.99%
10 - 15 Years 9.64%
15 - 20 Years 11.05%
20 - 30 Years 13.02%
> 30 Years 9.61%

Index Maturity Ladder

As of  12/01/2016
1 - 2 Years 4.54%
2 - 3 Years 6.30%
3 - 5 Years 13.39%
5 - 7 Years 12.48%
7 - 10 Years 19.84%
10 - 15 Years 8.69%
15 - 20 Years 10.24%
20 - 30 Years 13.87%
> 30 Years 9.48%

Fund Country Weights

As of  12/01/2016
United Kingdom 22.63%
Brazil 8.34%
France 8.32%
Italy 5.50%
Germany 4.73%
Israel 4.65%
Spain 4.64%
Mexico 4.62%
South Africa 4.61%
Canada 4.61%
Australia 4.55%
Japan 4.51%
Turkey 4.50%
Chile 4.37%
Sweden 3.52%
Colombia 2.98%
New Zealand 1.44%
South Korea 1.37%
United States 0.07%
European Union 0.05%

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® Citi International Government Inflation-Protected Bond 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.

Prior to February 12, 2016, the SPDR® Citi International Government Inflation-Protected Bond ETF was known as the SPDR® DB International Government Inflation-Protected Bond ETF.

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).

Portfolio Manager Joanna Madden Vice President Show Bio

Joanna Madden is a Vice President at State Street Global Advisors and a Portfolio Manager in the Fixed Income Beta Solutions team since 2013.

Previously, she was a Portfolio Manager within the US Cash Management Group responsible for short term liquidity investments across all the cash and securities lending portfolios managed in Boston. She joined the Boston group in April 2010 after working as a Portfolio Manager with the London Cash Management Group.

Prior to her portfolio management role, she was a Product Analyst for the London Cash Management Group where she provided analytical and business support. Before joining SSGA in London, Joanna worked as an Operations Specialist supporting the Boston Cash Management Group.

Joanna received a Bachelor of Science degree in Political Science from Loyola University of Chicago, Illinois.

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.

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.

Citi International Inflation-Linked Securities Select Index

The Citi International Inflation-Linked Securities Select Index is designed to measure the total return performance of inflation-linked bonds outside the United States with fixed-rate coupon payments that are linked to an inflation index. Inflation-protected public obligations of the inflation-linked government bond markets of developed and emerging market countries, commonly known in the United States as TIPS, are securities issued by such governments that are designed to provide inflation protection to investors. The Index includes government debt (direct obligations of the issuer country) but does not include quasi-government debt or corporate debt.

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  12/01/2016
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® Citi International Government Inflation-Protected Bond ETF WIP $52.05 $52.06 $52.16 0.21%
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.