SPDR® Bloomberg Barclays Emerging Markets Local Bond ETF

EBND

Key Features

  • The SPDR® Bloomberg Barclays Emerging Markets Local Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays EM Local Currency Government Diversified Index (the "Index")
  • Seeks to provide exposure to fixed-rate local currency sovereign debt of emerging market countries
  • Index includes government bonds, in local currencies, issued by investment grade and non-investment grade countries outside the U.S. that have a remaining maturity of one year or more
  • Rebalanced on the last business day of the month

Fund Information

As of 12/05/2019
Ticker Symbol EBND
Primary Benchmark Bloomberg Barclays EM Local Currency Government Diversified Index
CUSIP 78464A391
Options Available Yes
Gross Expense Ratio

Gross Expense Ratio

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.

0.30%
Inception Date 02/23/2011
Investment Manager SSGA Funds Management, Inc.
Sub-advisor State Street Global Advisors Limited
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly
Exchange NYSE ARCA EXCHANGE

Fund Documents

Fund Performance

MONTH END As of 10/31/2019 QUARTER END As of 09/30/2019
1 Month2.22%0.62%
QTD2.22%-0.86%
YTD8.72%6.36%
1 Year11.89%8.66%
3 Year3.03%1.85%
5 Year0.48%0.21%
10 YearN/AN/A
Inception
1.37%1.13%
Performance Disclosure

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. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Fund Characteristics

As of 12/04/2019
Average Coupon

Average Coupon

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

5.15%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

8.84
Average Price $106.89
Average Yield To Worst *

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

4.30%
Current Yield *

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

4.85%
Number of Holdings 425
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

6.37 years
Option Adjusted Spread 58.36
Yield To Maturity *

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.

4.31%

Fund Market Price

As of 12/04/2019
Bid/Ask $27.14
Closing Price $27.15
Day High $27.18
Day Low $27.14
Exchange Volume (shares) 13,645
Premium/Discount

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)

0.07%

Yields

As of 12/03/2019
30 Day SEC Yield *

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

4.10%
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

4.85%

Fund Net Asset Value

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

As of 12/04/2019
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$27.13
Shares Outstanding 35.10 M
Total Net Assets $952.10 M

Index Characteristics

As of 12/04/2019
Average Coupon 5.31%
Average Maturity in Years 8.81
Average Price $107.61
Average Yield To Worst 4.27%
Current Yield 4.96%
Number of Holdings 655
Option Adjusted Duration 6.30 years
Option Adjusted Spread 61.44
Yield To Maturity 4.27%

Fund Net Cash Amount

As of 12/04/2019
Net Cash Amount $11,949,792.28

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 Chart

Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
02/23/2011
Month End
NAV 10/31/2019 2.22% 2.22% 8.72% 11.89% 3.03% 0.48% N/A 1.37%
Market Value 10/31/2019 2.24% 2.24% 8.55% 12.15% 3.21% 0.58% N/A 1.40%
Return after Taxes on Distributions 10/31/2019 2.08% 2.08% 7.08% 10.21% 2.17% -0.03% N/A 0.67%
Return after Taxes on Distributions and Sale of Fund Shares 10/31/2019 1.31% 1.31% 5.13% 7.15% 1.99% 0.17% N/A 0.80%
Bloomberg Barclays EM Local Currency Government Diversified Index 10/31/2019 2.22% 2.22% 9.19% 12.75% 3.77% 1.27% N/A 2.24%
Quarter End
NAV 09/30/2019 0.62% -0.86% 6.36% 8.66% 1.85% 0.21% N/A 1.13%
Market Value 09/30/2019 0.82% -0.79% 6.18% 8.92% 2.00% 0.32% N/A 1.15%
Return after Taxes on Distributions 09/30/2019 0.46% -1.39% 4.89% 7.12% 1.04% -0.27% N/A 0.44%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 0.37% -0.51% 3.75% 5.26% 1.12% -0.02% N/A 0.62%
Bloomberg Barclays EM Local Currency Government Diversified Index 09/30/2019 0.65% -0.64% 6.81% 9.49% 2.61% 1.00% N/A 2.00%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
02/23/2011
Month End
NAV 10/31/2019 2.22% 2.22% 8.72% 11.89% 3.03% 0.48% N/A 1.37%
Market Value 10/31/2019 2.24% 2.24% 8.55% 12.15% 3.21% 0.58% N/A 1.40%
Return after Taxes on Distributions 10/31/2019 2.08% 2.08% 7.08% 10.21% 2.17% -0.03% N/A 0.67%
Return after Taxes on Distributions and Sale of Fund Shares 10/31/2019 1.31% 1.31% 5.13% 7.15% 1.99% 0.17% N/A 0.80%
Bloomberg Barclays EM Local Currency Government Diversified Index 10/31/2019 2.22% 2.22% 9.19% 12.75% 3.77% 1.27% N/A 2.24%
Quarter End
NAV 09/30/2019 0.62% -0.86% 6.36% 8.66% 1.85% 0.21% N/A 1.13%
Market Value 09/30/2019 0.82% -0.79% 6.18% 8.92% 2.00% 0.32% N/A 1.15%
Return after Taxes on Distributions 09/30/2019 0.46% -1.39% 4.89% 7.12% 1.04% -0.27% N/A 0.44%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 0.37% -0.51% 3.75% 5.26% 1.12% -0.02% N/A 0.62%
Bloomberg Barclays EM Local Currency Government Diversified Index 09/30/2019 0.65% -0.64% 6.81% 9.49% 2.61% 1.00% N/A 2.00%
Swipe to view all columns
Performance Disclosure

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. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.30%

Performance Graphs

Month End as of 10/31/2019

Fund Inception Date: 02/23/2011

Index Inception Date: 02/23/2011

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Quarter End as of 09/30/2019

Fund Inception Date: 02/23/2011

Index Inception Date: 02/23/2011

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Fund Top Holdings

Subject to change.

Subject to change.

As of 12/04/2019
Name Weight Market Value ISIN
NOTA DO TESOURO NACIONAL 10 01/01/2023 1.41 % 13,286,711.64 BRSTNCNTF147
NOTA DO TESOURO NACIONAL 10 01/01/2025 1.25 % 11,790,671.13 BRSTNCNTF170
LETRA TESOURO NACIONAL 0 01/01/2022 1.02 % 9,596,216.25 BRSTNCLTN7K8
TITULOS DE TESORERIA 6 04/28/2028 1.00 % 9,456,078.04 COL17CT02914
PHILIPPINE GOVERNMENT 8 07/19/2031 0.89 % 8,384,731.33 PHY6972FPV67
NOTA DO TESOURO NACIONAL 10 01/01/2027 0.87 % 8,201,601.38 BRSTNCNTF1P8
MEX BONOS DESARR FIX RT 10 12/05/2024 0.86 % 8,152,929.39 MX0MGO000078
LETRA TESOURO NACIONAL 0 07/01/2022 0.86 % 8,079,478.52 BRSTNCLTN7O0
TITULOS DE TESORERIA 7.5 08/26/2026 0.85 % 7,974,973.98 COL17CT02625
TITULOS DE TESORERIA 7 05/04/2022 0.84 % 7,930,577.48 COL17CT02864

Index Top Holdings

As of 12/04/2019
Name Weight isin
NOTA DO TESOURO NACIONAL 10 01/01/2023 1.35 % BRSTNCNTF147
NOTA DO TESOURO NACIONAL 10 01/01/2025 1.13 % BRSTNCNTF170
NOTA DO TESOURO NACIONAL 10 01/01/2021 1.02 % BRSTNCNTF0N5
LETRA TESOURO NACIONAL 0 07/01/2023 0.97 % BRSTNCLTN7Q5
NOTA DO TESOURO NACIONAL 10 01/01/2027 0.83 % BRSTNCNTF1P8
REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 0.81 % ZAG000016320
LETRA TESOURO NACIONAL 0 07/01/2021 0.76 % BRSTNCLTN7I2
TITULOS DE TESORERIA 7 05/04/2022 0.74 % COL17CT02864
LETRA TESOURO NACIONAL 0 01/01/2022 0.69 % BRSTNCLTN7K8
TITULOS DE TESORERIA 10 07/24/2024 0.67 % COL17CT02385

Fund Sector Allocation

As of 12/04/2019
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Index Sector Allocation

As of 12/04/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/04/2019</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 Barclay's uses an evenly weighted blend of a security's Moody's, S&P, and Fitch rating rounded down to the lower rating in the case of the composite being between two ratings. In the case where a security has no rating, 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 12/04/2019
Aaa -0.30%
Aa 16.15%
A 32.91%
Baa 34.18%
Below Baa 17.03%
Not Rated 0.02%

Index Quality Breakdown

Quality Breakdown

Bloomberg Barclay's uses an evenly weighted blend of a security's Moody's, S&P, and Fitch rating rounded down to the lower rating in the case of the composite being between two ratings. In the case where a security has no rating, 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 12/04/2019
Aa 16.07%
A 32.28%
Baa 34.50%
Below Baa 17.15%
Not Rated 0.08%

Fund Maturity Ladder

As of 12/04/2019
0 - 1 Year 0.47%
1 - 2 Years 9.97%
2 - 3 Years 11.41%
3 - 5 Years 18.70%
5 - 7 Years 13.46%
7 - 10 Years 18.49%
10 - 15 Years 10.20%
15 - 20 Years 7.07%
20 - 30 Years 8.89%
> 30 Years 1.34%

Index Maturity Ladder

As of 12/04/2019
1 - 2 Years 11.65%
2 - 3 Years 11.04%
3 - 5 Years 19.77%
5 - 7 Years 12.48%
7 - 10 Years 16.28%
10 - 15 Years 11.50%
15 - 20 Years 6.79%
20 - 30 Years 8.80%
> 30 Years 1.68%

Fund Country Weights

As of 12/04/2019
South Korea 12.41%
Brazil 8.80%
Indonesia 7.29%
Thailand 7.23%
Mexico 6.81%
China 5.76%
Israel 4.88%
Poland 4.80%
South Africa 4.75%
Russia 4.72%
Malaysia 4.69%
Philippines 4.58%
Colombia 4.19%
Czech Republic 3.78%
Turkey 3.63%
Peru 3.39%
Hungary 3.39%
Romania 2.95%
Chile 2.87%
Japan 0.00%
Egypt 0.00%
Argentina 0.00%
United States -0.93%

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.

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.

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.

Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays Emerging Markets Local Bond ETF.

BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

No Team Members exists.

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.

Bloomberg Barclays EM Local Currency Government Diversified Index

The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by investment grade and non-investment grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's Financial Services, LLC and Fitch Inc., respectively). Each of the component securities in the Index is a constituent of the Bloomberg Barclays EM Local Currency Government Index, screened such that the following countries are included: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Hungary, Indonesia, Israel, Malaysia, Mexico, Peru, the Philippines, Poland, Romania, Russia, South Africa, South Korea, Thailand and Turkey. As of August 31, 2018, there were approximately 489 securities in the Index and the modified adjusted duration of securities in the Index was approximately 5.38 years.

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.

There may be differences between the Fund's Dividend Yield and other yield calculations due to the effect of foreign currency gains and losses and foreign taxes within the Fund.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

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. There are additional risks for funds that invest in mortgage-backed and asset-backed securities including the risk of issuer default; credit risk and inflation risk.

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.

Passively managed funds hold 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.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

ETFs trade like stocks, are subject to investment risk, 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.

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.

Glossary

Premium Discount to NAV

As of 12/04/2019
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® Bloomberg Barclays Emerging Markets Local Bond ETF EBND $27.13 $27.15 $27.14 0.07%
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.

Centralized Systematic Valuation Aggregated Cash Flow (ACF) File

This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.

This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.

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