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Home   »   ETFs : SPDR® SSGA Global Allocation ETF (GAL)
GAL

SPDR® SSGA Global Allocation ETF

Fund Objective

The SPDR® SSGA Global Allocation ETF seeks to provide capital appreciation. The Fund invests in exchange traded funds registered under the Investment Company Act of 1940, as amended, that seek to track the performance of a market index; exchange traded commodity trusts; and exchange traded notes. The Portfolio may invest in certain ETPs that pay fees to the Adviser and its affiliates for management, marketing or other services.

Ordinary brokerage commissions may apply.

Fund Information

As of 03/31/2015
Ticker SymbolGAL
Primary BenchmarkMSCI ACWI IMI Index
Secondary BenchmarkBarclays US Aggregate Index
CUSIP78467V400
MarginableYes
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.

0.35%
Inception Date04/25/2012
Investment ManagerSSgA Funds Management, Inc.
Management TeamGlobal Allocation Team
DistributorState Street Global Markets, LLC
Distribution FrequencyQuarterly
ExchangeNYSE ARCA EXCHANGE

Fund Characteristics

As of 03/30/2015
Number of Holdings18

Yields

As of 03/30/2015
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.

2.55%
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.

2.74%

Fund Documents

Fund Market Price

As of 03/30/2015
Bid/Ask$35.87
Closing Price$35.92
Day High$35.92
Day Low$35.83
Exchange Volume (shares)246
Premium/Discount0.04%
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 03/30/2015
Price$35.85
Shares Outstanding3.90 M
Total Net Assets$139.87 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 03/30/2015
Net Cash Amount$35,865.99

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 02/28/2015

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 05/31/2007

Inception Date of Secondary Index: 01/01/1976

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; SSGA Global Allocation ETF" bmarkName="MSCI ACWI IMI Index" secondBmarkName="Barclays US Aggregate Index"><funds><field>1 Month</field><fund>2.80</fund><index>5.59</index><secondIndex>-0.94</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>3.44</fund><index>3.95</index><secondIndex>1.14</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>3.44</fund><index>3.95</index><secondIndex>1.14</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>7.95</fund><index>6.91</index><secondIndex>5.05</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index></index><secondIndex>2.76</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex>4.29</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex>4.82</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>9.60</fund><index>12.88</index><secondIndex>2.80</secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 12/31/2014

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 05/31/2007

Inception Date of Secondary Index: 01/01/1976

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; SSGA Global Allocation ETF" bmarkName="MSCI ACWI IMI Index" secondBmarkName="Barclays US Aggregate Index"><funds><field>1 Month</field><fund>-0.82</fund><index>-1.65</index><secondIndex>0.09</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>2.10</fund><index>0.59</index><secondIndex>1.79</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>5.23</fund><index>3.84</index><secondIndex>5.97</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>5.23</fund><index>3.84</index><secondIndex>5.97</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index></index><secondIndex>2.66</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex>4.45</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex>4.71</secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>8.82</fund><index>12.07</index><secondIndex>2.53</secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of 03/30/2015
NameTickerWeight
SPDR S&P World ex-US ETFGWL17.52%
SPDR S&P 500 ETF TrustSPY16.79%
Stt Instl Liquid Reserves Stif Usd@NA11.17%
SPDR Barclays High Yield Bond ETFJNK9.72%
SPDR Dow Jones REIT ETFRWR9.29%
SPDR Barclays Long Term Corporate Bond ETFLWC8.07%
WisdomTree Japan Hedged Equity FundDXJ4.55%
SPDR Barclays Long Term Treasury ETFTLO4.09%
SPDR Dow Jones International Real Estate ETFRWX3.01%
SPDR S&P International Small Cap ETFGWX3.01%
Health Care Select Sector SPDR FundXLV2.02%
Financial Select Sector SPDR FundXLF1.96%
SPDR Barclays TIPS ETFIPE1.96%
WisdomTree Europe Hedged Equity FundHEDJ1.96%
Technology Select Sector SPDR FundXLK1.93%
SPDR Barclays Aggregate Bond ETFLAG0.99%
SPDR Barclays International Treasury Bond ETFBWX0.99%
SPDR Barclays International Corporate Bond ETFIBND0.97%
Download All Holdings XLS

Asset Class Breakdown

As of 03/30/2015
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>03/30/2015</asOfDate><code>ASSET_CLASS_BREAKDOWN</code><attributes><attribute><rawValue>27.03</rawValue><value>27.03%</value><label>International Equity</label><order>1</order></attribute><attribute><rawValue>22.69</rawValue><value>22.69%</value><label>US Equity</label><order>2</order></attribute><attribute><rawValue>13.15</rawValue><value>13.15%</value><label>US Fixed Income</label><order>3</order></attribute><attribute><rawValue>11.17</rawValue><value>11.17%</value><label>Cash</label><order>4</order></attribute><attribute><rawValue>9.72</rawValue><value>9.72%</value><label>High Yield</label><order>5</order></attribute><attribute><rawValue>9.29</rawValue><value>9.29%</value><label>US REIT</label><order>6</order></attribute><attribute><rawValue>3.01</rawValue><value>3.01%</value><label>International Reit</label><order>7</order></attribute><attribute><rawValue>1.97</rawValue><value>1.97%</value><label>Global Fixed Income</label><order>8</order></attribute><attribute><rawValue>1.96</rawValue><value>1.96%</value><label>US Inflation Linked Bond</label><order>9</order></attribute></attributes></component>

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.

ETFs trade like stocks, 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.

Unless otherwise noted all information contained herein is that of the SPDR SSgA Global Allocation 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.

Global Allocation Team

Head of Portfolio Management Michael O. Martel Vice President Show Bio

Mike is a Vice President of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team.

He has been working in the investment management field since 1992.

Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College.

Portfolio Manager Timothy Furbush Senior Portfolio Manager Show Bio

Tim is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in SSGA's Investment Solutions Group (ISG). He is responsible for developing and implementing customized investment approaches for clients, including strategic and tactical global balanced funds as well as equitization and overlay strategies. Prior to his current role, Tim worked for SSGA's Intermediary Business Group as a Research Analyst providing value added research, educational tools and practice management services to financial advisors. Before rejoining SSGA in July 2007, Tim spent a year at Fidelity Investments as a Research Analyst on their Consultant Relations Team.

A graduate of Stonehill College, Tim has an MS in Finance from the Sawyer School of Management at Suffolk University. He has earned both the Chartered Financial Analyst and Chartered Market Technician designations. He is a member of the CFA Institute, the Boston Securities Analysts Society and the Market Technicians Association.

Portfolio Manager Lisa Khatri Vice President Show Bio

Lisa is a Vice President of State Street Global Advisors and a Portfolio Manager in the Investment Solutions Group (ISG). She is responsible for developing and implementing tactical and strategic multi asset class solutions for institutional clients.

Previously, Lisa was a Portfolio Assistant with Pyramis Global Advisors, a Fidelity Investments Company. In this role she supported the management of strategic, tactical and lifecycle portfolios. Lisa joined Fidelity in 2004.

Lisa earned a Bachelor of Science in Business Administration from California State University, East Bay with a concentration in Finance and Accounting. She has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst 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.

MSCI ACWI IMI Index

The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 98% of the global equity investment opportunity set.

© 2015 State Street Corporation. All Rights Reserved.

Barclays US Aggregate Index

The Barclays U.S. Aggregate Index provides a measure of the performance of the U.S. dollar denominated investment grade bond market.

© 2015 State Street Corporation. All Rights Reserved.

© 2015 State Street Corporation. All Rights Reserved.

Important Risk Information

ETFs trade like stocks, 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.

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

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.

Commodities investing entail significant risk as commodity prices can be extremely volatile due to wide range of factors 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.

Risks associated with investing in the natural resources sector include; large price volatility due to non-diversification and concentration in natural resources companies.

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.

Investing in REITs involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline).

Increase in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable

Because the SPDR SSgA Active Asset Allocation ETFs are actively managed, they are therefore subject to the risk that the investments selected by SSgA may cause the ETFs to underperform relative to their benchmarks or other funds with similar investment objectives.

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 03/30/2015
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® SSGA Global Allocation ETF GAL $35.85 $35.92 $35.87 0.04%
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.