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SPDR

ETF Fixed Income Characteristics Guide


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(All data as of October 31, 2011)
CHARACTERISTICS
ASSETS
20 DAY AVERAGE
VOLUME
AVERAGE
MATURITY
MODIFIED
ADJUSTED
DURATION
AVERAGE
COUPON(MARKET
WEIGHTED)
DISTRIBUTION
YIELD 30 DAY SEC YIELD
YIELDTO
MATURITY
NUMBER OF
HOLDINGS TICKER NAME
FIXED INCOME TREASURY
BIL SPDR Barclays Capital 1-3 Month T-Bill ETF $2,255,345,715 $160,993,744 0.2 0.2 N/A N/A 0.1 0.0 9
ITE SPDR Barclays Capital Intermediate Term Treasury ETF $219,526,123 $1,577,540 4.3 4.0 2.6 1.9 0.7 0.8 172
TLO SPDR Barclays Capital Long Term Treasury ETF $59,928,504 $1,934,322 24.0 15.6 5.0 3.2 2.8 3.0 37
FIXED INCOME AGGREGATE
LAG SPDR Barclays Capital Aggregate Bond ETF $284,466,313 $2,997,763 7.1 5.0 4.2 2.6 1.9 2.3 541
FIXED INCOME CREDIT/CORPORATE
SCPB SPDR Barclays Capital Short Term Corporate Bond ETF $397,170,295 $3,095,418 1.9 1.8 4.7 1.8 1.8 1.7 520
ITR SPDR Barclays Capital Intermediate Term Corporate Bond ETF $200,263,562 $1,105,875 5.2 4.5 5.2 3.4 3.1 3.0 649
LWC SPDR Barclays Capital Long Term Corporate Bond ETF $58,641,142 $1,481,929 24.0 13.2 6.5 5.0 4.8 4.9 356
JNK SPDR Barclays Capital High Yield Bond ETF $8,410,266,723 $248,212,498 6.8 4.4 8.6 7.9 7.9 8.0 223
CBND SPDR Barclays Capital Issuer Scored Corporate Bond ETF $15,678,281 $722,008 8.8 6.2 5.5 1.9 3.3 3.5 364
FIXED INCOME MUNICIPAL
VRD SPDR Nuveen S&P

VRDO Municipal Bond ETF $12,013,203 $201,076 19.8 0.0 1.0 0.9 0.8 1.0 38
SHM SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF $1,377,498,405 $6,388,334 3.1 2.9 4.7 1.4 0.8 1.0 356
TFI SPDR Nuveen Barclays Capital Municipal Bond ETF $926,855,791 $6,353,283 13.9 9.1 4.8 3.3 2.7 3.3 295
CXA SPDR Nuveen Barclays Capital California Municipal Bond ETF $71,187,183 $704,346 16.0 10.9 4.5 3.7 3.5 4.0 86
INY SPDR Nuveen Barclays Capital New York Municipal Bond ETF $25,203,519 $86,454 15.4 9.7 4.8 3.2 2.9 3.5 72
BABS SPDR Nuveen Barclays Capital Build America Bond ETF $39,238,057 $1,718,542 27.6 13.2 6.4 5.1 4.7 5.2 173
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF $42,396,763 $348,688 21.1 10.2 5.9 3.2 6.0 6.9 50
FIXED INCOME--INTERNATIONAL
BWZ SPDR Barclays Capital Short Term International Treasury Bond ETF $237,049,596 $1,669,027 1.8 1.7 3.3 0.9 1.6 1.9 104
BWX SPDR Barclays Capital International Treasury Bond ETF $1,626,948,726 $18,168,442 8.9 6.8 3.9 2.7 2.0 2.6 286
IBND SPDR Barclays Capital International Corporate Bond ETF $57,846,037 $529,604 5.4 4.4 4.9 2.6 3.3 3.5 460
EBND SPDR Barclays Capital Emerging Markets Local Bond ETF $46,332,144 $681,033 6.6 4.6 6.5 1.9 5.6 5.9 168
FIXED INCOME INFLATIONAL PROTECTED
WIP SPDR DB International Government Ination-Protected Bond ETF $1,289,995,300 $8,979,608 11.5 9.5 3.1 4.4 1.0 1.4 70
IPE SPDR Barclays Capital TIPS ETF $536,407,873 $3,510,757 10.0 5.6 1.9 4.1 0.1 2.0 32
FIXED INCOME MORTGAGE
MBG SPDR Barclays Capital Mortgage Backed Bond ETF $38,899,407 $100,752 5.2 3.3 4.9 1.9 1.5 3.0 27
FIXED INCOME CONVERTIBLE/PREFERRED
CWB SPDR Barclays Capital Convertible Securities ETF $736,775,865 $5,851,949 10.5 0.0 3.6 3.6 5.1 3.6 105
PSK SPDR Wells Fargo

Preferred Stock ETF $119,771,746 $856,521 N/A N/A N/A 6.1 6.6 4.6 155
Source: SPDR ETF Research and Analytics Team. Data is as of the referenced date and is subject to change.
SPDR ETF Fixed Income Characteristics Guide
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(Performance data as of September 30, 2011)
PERFORMANCE
TICKER NAME
GROSS EXPENSE
RATIO(%)
NET EXPENSE
RATIO(%) QTD(%) YTD(%) 1 YR (%) 3 YR (%) 5 YR (%) 10 YR (%)
SINCE
INCEPTION(%) INCEPTIONDATE
SCPB SPDR Barclays Capital Short Term Corporate Bond ETF 0.1245% 0.1245% MARKET VALUE -0.33% 1.27% 1.50% N/A N/A N/A 2.40% 12/16/2009
NAV -0.56% 0.96% 1.13% N/A N/A N/A 2.12%
BIL SPDR Barclays Capital 1-3 Month T-Bill ETF 0.1345% 0.1345% MARKET VALUE -0.04% -0.04% -0.04% 0.01% N/A N/A 1.01% 05/23/2007
NAV -0.02% -0.02% -0.02% 0.10% N/A N/A 1.02%
ITE SPDR Barclays Capital Intermediate Term Treasury ETF 0.1345% 0.1345% MARKET VALUE 3.50% 5.83% 3.88% 5.17% N/A N/A 6.38% 05/23/2007
NAV 3.52% 5.75% 3.83% 5.30% N/A N/A 6.36%
ITR SPDR Barclays Capital Intermediate Term Corporate Bond ETF 0.15% 0.15% MARKET VALUE 0.60% 4.25% 2.51% N/A N/A N/A 8.16% 02/10/2009
NAV 0.79% 3.81% 2.38% N/A N/A N/A 8.02%
TLO SPDR Barclays Capital Long Term Treasury ETF 0.1345% 0.1345% MARKET VALUE 25.00% 28.17% 17.33% 12.99% N/A N/A 12.28% 05/23/2007
NAV 24.55% 27.39% 16.98% 12.92% N/A N/A 12.21%
LWC SPDR Barclays Capital Long Term Corporate Bond ETF 0.15% 0.15% MARKET VALUE 8.36% 11.62% 7.35% N/A N/A N/A 17.44% 03/10/2009
NAV 8.89% 11.51% 7.80% N/A N/A N/A 17.37%
LAG SPDR Barclays Capital Aggregate Bond ETF 0.18% 0.1345% MARKET VALUE 3.96% 6.85% 5.21% 8.42% N/A N/A 7.07% 05/23/2007
NAV 3.80% 6.46% 5.18% 8.12% N/A N/A 7.01%
JNK SPDR Barclays Capital High Yield Bond ETF 0.40% 0.40% MARKET VALUE -8.16% -4.12% -0.56% 9.58% N/A N/A 3.95% 11/28/2007
NAV -6.92% -2.89% 0.47% 10.69% N/A N/A 4.10%
WIP SPDR DB International Government Ination-Protected Bond ETF 0.50% 0.50% MARKET VALUE -6.15% 1.02% 1.66% 5.88% N/A N/A 0.70% 03/13/2008
NAV -6.00% 1.06% 1.28% 4.81% N/A N/A 0.74%
IPE SPDR Barclays Capital TIPS ETF 0.1845% 0.1845% MARKET VALUE 5.00% 10.93% 9.95% 8.17% N/A N/A 8.03% 05/23/2007
NAV 4.72% 10.72% 9.90% 8.08% N/A N/A 7.97%
CXA SPDR Nuveen Barclays Capital California Municipal Bond ETF 0.20% 0.20% MARKET VALUE 6.11% 14.24% 3.18% 7.80% N/A N/A 5.41% 10/10/2007
NAV 5.57% 12.53% 3.67% 8.83% N/A N/A 5.49%
BABS SPDR Nuveen Barclays Capital Build America Bond ETF 0.35% 0.35% MARKET VALUE 14.79% 24.40% 16.15% N/A N/A N/A 16.00% 05/12/2010
NAV 14.39% 25.20% 16.81% N/A N/A N/A 16.44%
TFI SPDR Nuveen Barclays Capital Municipal Bond ETF 0.30% 0.23% MARKET VALUE 4.50% 10.77% 3.56% 8.50% N/A N/A 5.31% 09/11/2007
NAV 4.31% 9.48% 3.73% 8.33% N/A N/A 5.40%
SHM SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF 0.20% 0.20% MARKET VALUE 0.94% 3.49% 2.03% 4.53% N/A N/A 4.14% 10/10/2007
NAV 1.03% 3.10% 2.12% 4.18% N/A N/A 4.13%
VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 0.20% 0.20% MARKET VALUE 0.17% 0.59% 0.79% N/A N/A N/A 0.52% 09/23/2009
NAV 0.27% 0.69% 0.92% N/A N/A N/A 0.65%
INY SPDR Nuveen Barclays Capital New York Municipal Bond ETF 0.20% 0.20% MARKET VALUE 3.24% 9.38% 1.89% 8.96% N/A N/A 4.98% 10/11/2007
NAV 4.59% 9.47% 3.45% 8.37% N/A N/A 5.36%
Source: SPDR ETF Research and Analytics Team. Data is as of the referenced date and is subject to change.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will uctuate, so you may have a gain or loss when shares are sold.
Current perfmance may be higher or lower than that quoted. Visit www spdrs.com for most recent month-end performance.
SPDR ETF Fixed Income Characteristics Guide (Performance data as of September 30, 2011)
3
PERFORMANCE
TICKER NAME
GROSS EXPENSE
RATIO(%)
NET EXPENSE
RATIO(%) QTD(%) YTD(%) 1 YR (%) 3 YR (%) 5 YR (%) 10 YR (%)
SINCE
INCEPTION(%) INCEPTIONDATE
BWX SPDR Barclays Capital International Treasury Bond ETF 0.50% 0.50% MARKET VALUE -1.09% 4.80% 2.59% 6.42% N/A N/A 5.81% 10/02/2007
NAV -1.90% 3.70% 1.91% 6.38% N/A N/A 5.64%
IBND SPDR Barclays Capital International Corporate Bond ETF 0.55% 0.55% MARKET VALUE -5.69% 3.65% -0.18% N/A N/A N/A 9.10% 05/19/2010
NAV -6.36% 1.74% -1.60% N/A N/A N/A 8.15%
BWZ SPDR Barclays Capital Short Term International Treasury Bond ETF 0.35% 0.35% MARKET VALUE -4.84% 0.96% 1.48% N/A N/A N/A 5.35% 01/15/2009
NAV -4.60% 1.09% 1.34% N/A N/A N/A 5.34%
EBND SPDR Barclays Capital Emerging Markets Local Bond ETF 0.50% 0.50% MARKET VALUE -6.91% 0.62% N/A N/A N/A N/A 0.62% 02/23/2011
NAV -7.20% -0.98% N/A N/A N/A N/A -0.98%
MBG SPDR Barclays Capital Mortgage Backed Bond ETF 0.32% 0.32% MARKET VALUE 2.46% 5.54% 5.53% N/A N/A N/A 5.93% 01/15/2009
NAV 2.39% 5.34% 5.72% N/A N/A N/A 5.94%
CWB SPDR Barclays Capital Convertible Securities ETF 0.40% 0.40% MARKET VALUE -13.38% -11.16% -4.87% N/A N/A N/A 12.15% 04/14/2009
NAV -13.25% -10.21% -4.11% N/A N/A N/A 12.28%
PSK SPDR Wells Fargo Preferred Stock ETF 0.45% 0.45% MARKET VALUE -5.72% -0.72% -1.41% N/A N/A N/A 9.38% 09/16/2009
NAV -5.52% -0.73% -1.17% N/A N/A N/A 9.45%
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.50% 0.50% MARKET VALUE 6.65% 6.84% N/A N/A N/A N/A 6.84% 02/23/2011
NAV 4.19% 9.62% N/A N/A N/A N/A 9.62%
CBND SPDR Barclays Capital Issuer Scored Corporate Bond ETF 0.16% 0.16% MARKET VALUE -6.91% 0.62% N/A N/A N/A N/A 0.62% 02/23/2011
NAV -7.20% -0.98% N/A N/A N/A N/A -0.98%
Source: SPDR ETF Research and Analytics Team. Data is as of the referenced date and is subject to change.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will uctuate, so you may have a gain or loss when shares are sold.
Current perfmance may be higher or lower than that quoted. Visit www spdrs.com for most recent month-end performance.
SPDR ETF Fixed Income Characteristics Guide
4
ABOUT SPDR

ETFS
SPDR ETFs are a comprehensive fund family of over 100 ETFs, spanning an array of international and domestic asset classes. Offered by State Street Global Advisors,
SPDR ETFs provide investors with the exibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street
created the rst ETF in 1993 (SPDR S&P 500

Ticker SPY). Since then, weve sustained our place as an industry innovator through the introduction of many ground-breaking
products, including rst-to-market launches with gold, international real estate, international xed income and sector ETFs.
For information about our ETF family, visit www.spdrs.com
DEFINITIONS
ASSETS:
Net asset value multiplied by shares outstanding.
20 DAY AVERAGE VOLUME:
The average of the total share volume in each ETF over the
previous 20 trading days multiplied by the closing price of the last
trading day in the month.
AVERAGE MATURITY:
The market value-weighted average maturity of the bonds in a
portfolio.
MODIFIED ADJUSTED DURATION:
An option-adjusted measure of a bonds (or portfolios) sensitivity
to changes in interest rates. Calculated as the average percentage
change in a bonds value (price plus accrued interest) under shifts
of the Treasury curve +/- 100 bps. Incorporates the effect of em-
bedded options for corporate bonds and changes in prepayments
for mortgage-backed securities.
AVERAGE COUPON (MARKET WEIGHTED):
The weighted average coupon of the bonds in a portfolio.
DISTRIBUTION YIELD:
Annual dividends per share divided by the price per share,
expressed as a percentage.
30 DAY SEC YIELD:
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.
YIELD TO MATURITY:
The single Internal Rate of Return which equates a bonds
remaining cash ows to its market price.
NUMBER OF HOLDINGS :
The number of different securities which are held in the portfolio.
NAV:
The market value of a mutual funds and ETFs total assets, minus
liabilities, divided by the number of shares outstanding.
MARKET VALUE :
Determined by the midpoint between the bid/offer prices as
of the closing time of the New York Stock Exchange (typically
4:00PM EST) on business days.
SPDR ETF Fixed Income Characteristics Guide
5
IMPORTANT RISK INFORMATION
ETFs trade like stocks, uctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
In general, State Street ETFs can be expected to move up or down in value with the
value of the applicable index. Although State Street ETFs may be bought and sold on
the exchange through any brokerage account, State Street ETFs are not individually
redeemable from the Fund. Investors may acquire State Street ETFs and tender them
for redemption through the Fund in Creation Unit Aggregations only. Ordinary brokerage
commissions apply.
Bond funds contain interest rate risk (as interest rates rise bond prices usually fall). There
are additional risks for funds that invest in mortgage-backed and asset-backed securities
including the risk of issuer default; credit risk and ination risk. Lower-quality debt
securities involve greater risk of default or price changes due to potential changes in the
credit quality of the issuer.
Barclays Capital is a trademark of Barclays Capital, the investment banking division of
Barclays Bank PLC (Barclays Capital) and is used by State Street Global Advisors under
license. Barclays Capital compiles, maintains and owns rights in and to the Barclays
U.S. Government Ination-linked Bond Index. The SPDR Barclays Capital TIPS ETF is not
sponsored, endorsed, sold or promoted by Barclays Capital. Barclays Capital or one of its
afliated entities may act as an Authorized Participant and/or as an initial purchaser of
shares of the SPDR Barclays Capital TIPS ETF. Barclays Capital makes no representation
regarding the advisability of investing in the SPDR Barclays Capital TIPS ETF or use of
either the Barclays U.S. Government Ination-Linked All Maturities Index or any data
included therein.
Barclays Capital is a trademark of Barclays Capital, the investment banking division of
Barclays Bank PLC (Barclays Capital) and has been licensed for use in connection with
the listing and trading of the SPDR Barclays Capital ETFs. The products are not sponsored
by, endorsed, sold or promoted by Barclays Capital and Barclays Capital makes no
representation regarding the advisability of investing in them.
Deutsche Bank and DB Global Government ex-US Ination-Linked Bond Capped
Index
SM
are reprinted with permission. Copyright 2008 Deutsche Bank AG. All rights
reserved. Deutsche Bank and DB Global Government ex-US Ination-Linked Bond
Capped Index
SM
are service marks of Deutsche Bank AG and have been licensed for use for
certain purposes by State Street Global Advisors. The SPDR DB International Government
Ination-Protected Bond 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.
The SPDR Wells Fargo

Preferred ETF (the ETF) is not sponsored, issued or advised by


Wells Fargo & Company, Wells Fargo Securities, LLC (together, Wells Fargo), NYSE Arca
Inc. (NYSE Arca) or any of their subsidiaries and afliates. WELLS FARGO AND NYSE
ARCA DO NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF ANY
DATA SUPPLIED BY THEM OR OF THE INDEX UNDERLYING THE ETF AND MAKE
NO WARRANTY AS TO THE RESULTS TO BE OBTAINED FROM INVESTING IN
THE ETF OR IN THE INDEX.
SPDR is a registered trademark of Standard & Poors Financial Services LLC (S&P)
and has been licensed for use by State Street Corporation. STANDARD & POORS, S&P
and S&P 500 are registered trademarks of Standard & Poors Financial Services LLC
No nancial product offered by State Street Corporation or its afliates is sponsored,
endorsed, sold or promoted by S&P or its afliates, and S&P and its afliates make no
representation, warranty or condition regarding the advisability of buying, selling or
holding units/shares in such products. Further limitations and important information that
could affect investors rights are described in the prospectus for the applicable product.
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 afliates. Certain State Street afliates 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 866.787.2257 or visit www.spdrs.com. Read it carefully.
2011 State Street Corporation. All Rights Reserved. IBG-5135 Exp. Date: 1/20/2012 IBG.FICG.1111
STATE STREET GLOBAL ADVISORS
State Street Financial Center
One Lincoln Street
Boston, MA 02111
866.787.2257
www.spdrs.com
FOR PUBLIC USE.