The SPDR® S&P® 600 Small Cap Value 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 small capitalization exchange traded U.S. equity securities exhibiting "value" characteristics.
Ordinary brokerage commissions may apply.
|Primary Benchmark||S&P SmallCap 600 Value Index|
|Short Selling Allowed||Yes|
|Gross Expense Ratio|
Includes Acquired Fund Fees and Expenses (“AFFE”) of 0.05%. The Fund’s expense ratio without AFFE is 0.25%. AFFE reflect the Fund’s pro rata share of the fees and expenses incurred indirectly through its ownership in other investment companies, such as business development companies (“BDCs”). BDC expenses are similar to the expenses paid by any operating company held by the Fund. They are not direct costs paid by the Fund shareholders and are not used to calculate the Fund’s net asset value. They have no impact on the costs associated with fund operations.
|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||.75%|
|Variable Fee for Cash Redemption||.75%|
|Est. 3-5 Year EPS Growth||12.67%|
|FY 1 P/E Ratio||18.90|
|Number of Holdings||448|
|Weighted Average Market Cap||$1,585.24 M|
|30 Day SEC Yield||1.25%|
|Est. 3-5 Year EPS Growth||12.64%|
|FY 1 P/E Ratio||18.88|
|Number of Holdings||446|
|Return On Equity||8.30%|
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)||2,917|
|Shares Outstanding||2.55 M|
|Total Net Assets||$275.16 M|
|Net Cash Amount||$839,170.09|
|Weighted Average Market Cap||$1,581.14 M|
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.
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.
Prior to December 17, 2010, the SPDR S&P 600 Small Cap Value ETF was known as the SPDR Dow Jones Small Cap Value ETF.
Dow Jones and Dow Jones Total Stock Market Indexes are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by State Street Bank and Trust. SPDR ETFs based on the Dow Jones Indexes, are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in such product(s).
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.
The Gross Expense Ratio includes Acquired Fund Fees and Expenses (“AFFE”) of 0.05%. The Fund’s expense ratio without AFFE is 0.25%. AFFE reflect the Fund’s pro rata share of the fees and expenses incurred indirectly through its ownership in other investment companies, such as business development companies (“BDCs”). BDC expenses are similar to the expenses paid by any operating company held by the Fund. They are not direct costs paid by the Fund shareholders and are not used to calculate the Fund’s net asset value. They have no impact on the costs associated with fund operations.