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SPDR® S&P® 600 Small Cap Value ETF

Fund Objective

The SPDR® S&P® 600 Small Cap Value ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® SmallCap 600 Value IndexSM.

Ordinary brokerage commissions may apply.

Fund Information

As of   01/19/2017
Ticker Symbol SLYV
Primary Benchmark S&P SmallCap 600 Value Index
CUSIP 78464A300
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.

Inception Date 09/25/2000
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Markets, LLC
Distribution Frequency Quarterly

Fund Characteristics

As of   01/18/2017
Est. 3-5 Year EPS Growth

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

Number of Holdings 437
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

Weighted Average Market Cap $1,576.81 M


As of   01/17/2017
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.

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.

Index Dividend Yield

Index Dividend Yield is the weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.


Index Characteristics

As of   01/18/2017
Est. 3-5 Year EPS Growth 13.73%
Number of Holdings 436
Price/Cash Flow 8.59
Price/Earnings 20.00
Price/Earnings Ratio FY1 18.76
Return On Equity 3.49%

Fund Documents

Fund Market Price

As of   01/18/2017
Bid/Ask $118.16
Closing Price $118.26
Day High $118.26
Day Low $117.52
Exchange Volume (shares) 7,055

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)

Premium Discount to Nav Chart

Fund Net Asset Value


Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of   01/18/2017
NAV $118.13
Shares Outstanding 8.20 M
Total Net Assets $968.80 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   01/18/2017
Net Cash Amount $1,837,549.32

Index Statistics

As of   01/18/2017
Weighted Average Market Cap $1,575.58 M
Average Size
Mean $1,174.23 M
Median $1,008.01 M
Size Range
Largest $4,157.24 M
Smallest $52.75 M

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 12/31/2016

Fund Inception Date: 09/25/2000

Index Inception Date: 09/25/2000

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Fund Top Holdings

Subject to change.

As of   01/18/2017
Name Weight Shares Held
Wintrust Financial Corporation 1.05 % 146,904
ALLETE Inc. 0.92 % 140,384
CACI International Inc Class A 0.88 % 69,250
ProAssurance Corporation 0.87 % 151,168
Spire Inc. 0.87 % 129,672
Hope Bancorp Inc. 0.79 % 361,116
Sanmina-SCI Corporation 0.77 % 208,619
Avista Corporation 0.74 % 182,441
H.B. Fuller Company 0.74 % 142,965
Interactive Brokers Group Inc. Class A 0.74 % 193,226
Download All Holdings XLS

Index Top Holdings

As of 01/18/2017
Name Weight
Wintrust Financial Corporation 1.05 %
ALLETE Inc. 0.92 %
CACI International Inc Class A 0.88 %
ProAssurance Corporation 0.87 %
Spire Inc. 0.87 %
Hope Bancorp Inc. 0.79 %
Sanmina-SCI Corporation 0.77 %
Avista Corporation 0.74 %
H.B. Fuller Company 0.74 %
Interactive Brokers Group Inc. Class A 0.74 %

Fund Sector Allocation

As of  01/18/2017
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>01/18/2017</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>19.3</rawValue><value>19.30%</value><label>Financials</label><order>1</order></attribute><attribute><rawValue>18.52</rawValue><value>18.52%</value><label>Industrials</label><order>2</order></attribute><attribute><rawValue>17.33</rawValue><value>17.33%</value><label>Consumer Discretionary</label><order>3</order></attribute><attribute><rawValue>11.79</rawValue><value>11.79%</value><label>Information Technology</label><order>4</order></attribute><attribute><rawValue>8.78</rawValue><value>8.78%</value><label>Health Care</label><order>5</order></attribute><attribute><rawValue>6.97</rawValue><value>6.97%</value><label>Materials</label><order>6</order></attribute><attribute><rawValue>4.83</rawValue><value>4.83%</value><label>Real Estate</label><order>7</order></attribute><attribute><rawValue>4.3</rawValue><value>4.30%</value><label>Energy</label><order>8</order></attribute><attribute><rawValue>3.81</rawValue><value>3.81%</value><label>Utilities</label><order>9</order></attribute><attribute><rawValue>3.25</rawValue><value>3.25%</value><label>Consumer Staples</label><order>10</order></attribute><attribute><rawValue>0.96</rawValue><value>0.96%</value><label>Telecommunication Services</label><order>11</order></attribute><attribute><rawValue>0.16</rawValue><value>0.16%</value><label>Unassigned</label><order>12</order></attribute></attributes></component>

Index Sector Allocation

As of  01/18/2017
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>01/18/2017</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>19.31</rawValue><value>19.31%</value><label>Financials</label><order>1</order></attribute><attribute><rawValue>18.55</rawValue><value>18.55%</value><label>Industrials</label><order>2</order></attribute><attribute><rawValue>17.37</rawValue><value>17.37%</value><label>Consumer Discretionary</label><order>3</order></attribute><attribute><rawValue>11.81</rawValue><value>11.81%</value><label>Information Technology</label><order>4</order></attribute><attribute><rawValue>8.8</rawValue><value>8.80%</value><label>Health Care</label><order>5</order></attribute><attribute><rawValue>6.99</rawValue><value>6.99%</value><label>Materials</label><order>6</order></attribute><attribute><rawValue>4.83</rawValue><value>4.83%</value><label>Real Estate</label><order>7</order></attribute><attribute><rawValue>4.31</rawValue><value>4.31%</value><label>Energy</label><order>8</order></attribute><attribute><rawValue>3.81</rawValue><value>3.81%</value><label>Utilities</label><order>9</order></attribute><attribute><rawValue>3.25</rawValue><value>3.25%</value><label>Consumer Staples</label><order>10</order></attribute><attribute><rawValue>0.97</rawValue><value>0.97%</value><label>Telecommunication Services</label><order>11</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.

Unless otherwise noted all information contained herein is that of the SPDR® S&P® 600 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.

Global Equity Beta Solutions

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show Bio

Mike is a Senior Managing Director and the Head of Global Equity Beta Solutions in the Americas. He is also a member of the Senior Leadership Team, is the Chairperson for the firm's Trade Management Oversight Committee, and is a voting member on the North America Product Committee.

Mike rejoined SSGA in 2010 after spending four years in State Street Global Markets where he helped to build the Global Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this Mike had been Head of the US Passive Equity Team within SSGA, which he originally joined in 1997. He began his career at State Street within the Global Services division in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

Portfolio Manager Karl A. Schneider Vice President Show Bio

Karl Schneider, CAIA, is a Vice President of SSGA and Deputy Head of Global Equity Beta Solutions (GEBS) in the Americas. He also serves as a senior portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for US equity strategies and synthetic beta strategies, including commodities, buy/write, and hedge fund replication. He is also a member of the S&P Dow Jones US Equities Index Advisory Panel.

Prior to joining the GEBS team, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1997.

Mr. Schneider holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

Portfolio Manager Juan P. Acevedo Vice President Show Bio

Juan Acevedo is a Vice President of State Street Global Advisors and a portfolio manager on the Global Equity Beta Solutions team. He is responsible for managing Equity Index, Smart Beta and Tax-efficient quantitative strategies for institutional clients and high net worth individuals.

Prior to his current role, Juan was a portfolio manager in the Implementation Group where he was responsible for the daily management of active and passive strategies, with an additional focus of mass construction of separate managed accounts.

Juan received a Bachelor of Arts in International Business from Providence College. Additionally, he received a Master of Science in Investment Management and a Master of Business Administration with a Finance concentration from the School of Management at Boston 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.

S&P SmallCap 600 Value Index

The S&P SmallCap 600 Value Index measures the performance of the small-capitalization value sector in the U.S. equity market.   The selection universe for the S&P SmallCap 600 Index includes all U.S. common equities listed on the NYSE, NASDAQ Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion. The Index is market capitalization weighted and rebalanced annually on the third Friday of December.

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.

Value stocks can perform differently from the market as a whole. they can remain undervalued by the market for long periods of time.

Investments in smaller companies may involve greater risks than those in larger, better known companies.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

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. This 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  01/18/2017
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® S&P® 600 Small Cap Value ETF SLYV $118.13 $118.26 $118.16 0.02%
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.