SPDR® FactSet Innovative Technology ETF

XITK

Key Features

  • The SPDR® FactSet Innovative Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index (the "Index")
  • Seeks to obtain exposure to companies within sub-sectors with robust revenue growth that may provide leading-edge products and services
  • May offer a way to capture innovation throughout the tech sector and electronic media sub-sector, and not just within one particular trend
  • As a result of equal weighted index methodology, may reduce stock-specific risk when attempting to overweight the more innovative areas of technology

Fund Information

As of 12/09/2019
Ticker Symbol XITK
Primary Benchmark FactSet Innovative Technology Index
CUSIP 78464A110
Options Available No
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.

0.45%
Inception Date 01/13/2016
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly
Exchange NYSE ARCA EXCHANGE

Fund Documents

Fund Performance

MONTH END As of 11/30/2019 QUARTER END As of 09/30/2019
1 Month7.52%-4.34%
QTD13.62%-5.54%
YTD36.74%20.35%
1 Year25.71%-2.14%
3 Year24.78%18.62%
5 YearN/AN/A
10 YearN/AN/A
Inception
25.08%22.08%
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 12/05/2019
Est. 3-5 Year EPS Growth

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.

24.66%
Number of Holdings 93
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.

4.61
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

29.86
Weighted Average Market Cap $45,693.30 M

Fund Market Price

As of 12/05/2019
Bid/Ask $110.97
Closing Price $110.90
Day High $111.63
Day Low $110.89
Exchange Volume (shares) 685
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)

-0.02%

Yields

As of 12/05/2019
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.

-0.13%
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.

0.09%
Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

0.25%

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 12/05/2019
NAV

NAV

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

$110.99
Shares Outstanding 550,000
Total Net Assets $61.05 M

Index Characteristics

As of 12/05/2019
Est. 3-5 Year EPS Growth 24.66%
Number of Holdings 93
Price/Cash Flow 22.91
Price/Earnings 27.30
Price/Earnings Ratio FY1 29.86

Fund Net Cash Amount

As of 12/05/2019
Net Cash Amount -$5,462.59

Index Statistics

As of 12/05/2019
Weighted Average Market Cap $45,730.47 M
Average Size
Mean $40,941.15 M
Median $5,221.03 M
Size Range
Largest $1,180,034.50 M
Smallest $514.36 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 Chart

Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
01/13/2016
Month End
NAV 11/30/2019 7.52% 13.62% 36.74% 25.71% 24.78% N/A N/A 25.08%
Market Value 11/30/2019 7.46% 13.58% 36.78% 25.60% 24.74% N/A N/A 25.06%
Return after Taxes on Distributions 11/30/2019 7.52% 13.62% 36.74% 25.03% 24.04% N/A N/A 24.50%
Return after Taxes on Distributions and Sale of Fund Shares 11/30/2019 4.45% 8.06% 21.75% 15.17% 19.36% N/A N/A 20.05%
FactSet Innovative Technology Index 11/30/2019 7.56% 13.72% 37.42% 26.53% 25.29% N/A N/A 25.62%
Quarter End
NAV 09/30/2019 -4.34% -5.54% 20.35% -2.14% 18.62% N/A N/A 22.08%
Market Value 09/30/2019 -4.28% -5.54% 20.43% -2.42% 18.61% N/A N/A 22.08%
Return after Taxes on Distributions 09/30/2019 -4.34% -5.54% 20.35% -2.66% 17.92% N/A N/A 21.49%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 -2.57% -3.28% 12.05% -1.27% 14.37% N/A N/A 17.48%
FactSet Innovative Technology Index 09/30/2019 -4.31% -5.42% 20.84% -1.54% 19.09% N/A N/A 22.59%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
01/13/2016
Month End
NAV 11/30/2019 7.52% 13.62% 36.74% 25.71% 24.78% N/A N/A 25.08%
Market Value 11/30/2019 7.46% 13.58% 36.78% 25.60% 24.74% N/A N/A 25.06%
Return after Taxes on Distributions 11/30/2019 7.52% 13.62% 36.74% 25.03% 24.04% N/A N/A 24.50%
Return after Taxes on Distributions and Sale of Fund Shares 11/30/2019 4.45% 8.06% 21.75% 15.17% 19.36% N/A N/A 20.05%
FactSet Innovative Technology Index 11/30/2019 7.56% 13.72% 37.42% 26.53% 25.29% N/A N/A 25.62%
Quarter End
NAV 09/30/2019 -4.34% -5.54% 20.35% -2.14% 18.62% N/A N/A 22.08%
Market Value 09/30/2019 -4.28% -5.54% 20.43% -2.42% 18.61% N/A N/A 22.08%
Return after Taxes on Distributions 09/30/2019 -4.34% -5.54% 20.35% -2.66% 17.92% N/A N/A 21.49%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 -2.57% -3.28% 12.05% -1.27% 14.37% N/A N/A 17.48%
FactSet Innovative Technology Index 09/30/2019 -4.31% -5.42% 20.84% -1.54% 19.09% N/A N/A 22.59%
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: 0.45%

Performance Graphs

Month End as of 11/30/2019

Fund Inception Date: 01/13/2016

Index Inception Date: 09/17/2015

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; FactSet Innovative Technology ETF" bmarkName="FactSet Innovative Technology Index"><funds><field>1 Month</field><fund>7.52</fund><index>7.56</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>13.62</fund><index>13.72</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>36.74</fund><index>37.42</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>25.71</fund><index>26.53</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>24.78</fund><index>25.29</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>25.08</fund><index>25.62</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 09/30/2019

Fund Inception Date: 01/13/2016

Index Inception Date: 09/17/2015

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; FactSet Innovative Technology ETF" bmarkName="FactSet Innovative Technology Index"><funds><field>1 Month</field><fund>-4.34</fund><index>-4.31</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-5.54</fund><index>-5.42</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>20.35</fund><index>20.84</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-2.14</fund><index>-1.54</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>18.62</fund><index>19.09</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>22.08</fund><index>22.59</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

Subject to change.

As of 12/05/2019
Name Weight Shares Held
Roku Inc. Class A 3.69 % 15,185
Shopify Inc. Class A 2.16 % 3,620
Snap Inc. Class A 2.06 % 85,722
Inphi Corporation 1.72 % 15,396
Advanced Micro Devices Inc. 1.66 % 25,524
Lam Research Corporation 1.63 % 3,750
Teradyne Inc. 1.60 % 15,609
Fair Isaac Corporation 1.60 % 2,699
AppFolio Inc Class A 1.56 % 8,425
Okta Inc. Class A 1.48 % 7,596

Index Top Holdings

As of 12/05/2019
Name Weight
Roku Inc. Class A 3.69 %
Shopify Inc. Class A 2.16 %
Snap Inc. Class A 2.06 %
Inphi Corporation 1.72 %
Advanced Micro Devices Inc. 1.66 %
Lam Research Corporation 1.63 %
Teradyne Inc. 1.60 %
Fair Isaac Corporation 1.60 %
AppFolio Inc Class A 1.56 %
Okta Inc. Class A 1.48 %

Fund Sub-Industry Allocation

As of 12/05/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/05/2019</asOfDate><overrideLabel>Fund Sub-Industry Allocation</overrideLabel><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>17.65</rawValue><value>17.65%</value><label>It Infrastructure Software</label><order>1</order></attribute><attribute><rawValue>13.44</rawValue><value>13.44%</value><label>Web-Based Data And Services</label><order>2</order></attribute><attribute><rawValue>10.21</rawValue><value>10.21%</value><label>Enterprise Management Software</label><order>3</order></attribute><attribute><rawValue>9.53</rawValue><value>9.53%</value><label>Semiconductor Manufacturing Capital Equipment</label><order>4</order></attribute><attribute><rawValue>8.64</rawValue><value>8.64%</value><label>Finance Software And Services</label><order>5</order></attribute><attribute><rawValue>6.18</rawValue><value>6.18%</value><label>Consumer Data And Services</label><order>6</order></attribute><attribute><rawValue>4.56</rawValue><value>4.56%</value><label>Specialized Semiconductors</label><order>7</order></attribute><attribute><rawValue>3.95</rawValue><value>3.95%</value><label>Internet Hosting Services</label><order>8</order></attribute><attribute><rawValue>3.69</rawValue><value>3.69%</value><label>Entertainment And Programming Providers</label><order>9</order></attribute><attribute><rawValue>2.94</rawValue><value>2.94%</value><label>Home And Office Software</label><order>10</order></attribute><attribute><rawValue>2.51</rawValue><value>2.51%</value><label>Other Real Estate Investment And Services</label><order>11</order></attribute><attribute><rawValue>2.16</rawValue><value>2.16%</value><label>Design And Engineering Software</label><order>12</order></attribute><attribute><rawValue>1.79</rawValue><value>1.79%</value><label>Data Storage Hardware</label><order>13</order></attribute><attribute><rawValue>1.75</rawValue><value>1.75%</value><label>Healthcare Administrative Support Services</label><order>14</order></attribute><attribute><rawValue>1.54</rawValue><value>1.54%</value><label>Games Software</label><order>15</order></attribute><attribute><rawValue>1.43</rawValue><value>1.43%</value><label>Administrative Services</label><order>16</order></attribute><attribute><rawValue>1.33</rawValue><value>1.33%</value><label>Wireless Mobile Equipment</label><order>17</order></attribute><attribute><rawValue>1.29</rawValue><value>1.29%</value><label>Passive Electronic Components</label><order>18</order></attribute><attribute><rawValue>1.28</rawValue><value>1.28%</value><label>It Hardware Distributors</label><order>19</order></attribute><attribute><rawValue>1.15</rawValue><value>1.15%</value><label>Wearable Technology</label><order>20</order></attribute><attribute><rawValue>1.13</rawValue><value>1.13%</value><label>Memory Semiconductors</label><order>21</order></attribute><attribute><rawValue>1.05</rawValue><value>1.05%</value><label>Other Communications Equipment</label><order>22</order></attribute><attribute><rawValue>0.78</rawValue><value>0.78%</value><label>Department Stores</label><order>23</order></attribute></attributes></component>

Index Sub-Industry Allocation

As of 12/05/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/05/2019</asOfDate><overrideLabel>Index Sub-Industry Allocation</overrideLabel><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>17.65</rawValue><value>17.65%</value><label>It Infrastructure Software</label><order>1</order></attribute><attribute><rawValue>13.44</rawValue><value>13.44%</value><label>Web-Based Data And Services</label><order>2</order></attribute><attribute><rawValue>10.21</rawValue><value>10.21%</value><label>Enterprise Management Software</label><order>3</order></attribute><attribute><rawValue>9.53</rawValue><value>9.53%</value><label>Semiconductor Manufacturing Capital Equipment</label><order>4</order></attribute><attribute><rawValue>8.64</rawValue><value>8.64%</value><label>Finance Software And Services</label><order>5</order></attribute><attribute><rawValue>6.18</rawValue><value>6.18%</value><label>Consumer Data And Services</label><order>6</order></attribute><attribute><rawValue>4.56</rawValue><value>4.56%</value><label>Specialized Semiconductors</label><order>7</order></attribute><attribute><rawValue>3.95</rawValue><value>3.95%</value><label>Internet Hosting Services</label><order>8</order></attribute><attribute><rawValue>3.69</rawValue><value>3.69%</value><label>Entertainment And Programming Providers</label><order>9</order></attribute><attribute><rawValue>2.95</rawValue><value>2.95%</value><label>Home And Office Software</label><order>10</order></attribute><attribute><rawValue>2.51</rawValue><value>2.51%</value><label>Other Real Estate Investment And Services</label><order>11</order></attribute><attribute><rawValue>2.16</rawValue><value>2.16%</value><label>Design And Engineering Software</label><order>12</order></attribute><attribute><rawValue>1.79</rawValue><value>1.79%</value><label>Data Storage Hardware</label><order>13</order></attribute><attribute><rawValue>1.75</rawValue><value>1.75%</value><label>Healthcare Administrative Support Services</label><order>14</order></attribute><attribute><rawValue>1.54</rawValue><value>1.54%</value><label>Games Software</label><order>15</order></attribute><attribute><rawValue>1.43</rawValue><value>1.43%</value><label>Administrative Services</label><order>16</order></attribute><attribute><rawValue>1.33</rawValue><value>1.33%</value><label>Wireless Mobile Equipment</label><order>17</order></attribute><attribute><rawValue>1.29</rawValue><value>1.29%</value><label>Passive Electronic Components</label><order>18</order></attribute><attribute><rawValue>1.28</rawValue><value>1.28%</value><label>It Hardware Distributors</label><order>19</order></attribute><attribute><rawValue>1.15</rawValue><value>1.15%</value><label>Wearable Technology</label><order>20</order></attribute><attribute><rawValue>1.13</rawValue><value>1.13%</value><label>Memory Semiconductors</label><order>21</order></attribute><attribute><rawValue>1.05</rawValue><value>1.05%</value><label>Other Communications Equipment</label><order>22</order></attribute><attribute><rawValue>0.78</rawValue><value>0.78%</value><label>Department Stores</label><order>23</order></attribute></attributes></component>

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® FactSet Innovative Technology ETF.

Global Equity Beta Solutions

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show BioHide 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 and is a voting member on the firm's Trade Management Oversight Committee and 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.

Deputy Head of GEBS - Americas Karl A. Schneider Managing Director Show BioHide Bio

Karl Schneider, CAIA, is a Managing Director 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 Michael J. Finocchi Principal Show BioHide Bio

Michael Finocchi is a Principal within SSGA and a Portfolio Manager in the Global Equity Beta Solutions Group. Prior to assuming his current role in March 2012, Mr. Finocchi was a Senior Manager in Portfolio Administration responsible for the operations of funds managed by Global Equity Beta Solutions. Before joining SSGA in 2005, he worked for Investors Bank & trust as a Senior Tax Analyst following his role in custody servicing BGI.

Mr. Finocchi holds an MBA with a concentration in Finance from BU's Questrom School of Business as well as a BA in history and business studies from Providence College.

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.

FactSet Innovative Technology Index

The FactSet Innovative Technology Index (the "Index") is designed to represent the performance of U.S.-listed stock and American Depository Receipts ("ADRs") of Technology companies and Technology-related companies (including Electronic Media companies) within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. ("FactSet" or the "Index Provider"). The Index Provider considers the most innovative segments of the Technology sector and Electronic Media sub-sector to be those with the highest revenue growth and believes that these companies are often involved in cutting edge research, innovative product and service development, disruptive business models, or a combination of these activities. In addition to traditional Technology companies, Electronic Media companies are included in the Index because of their core focus on technology and the integral role technology plays in determining how such companies operate, innovate and compete within their industry.

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.

Concentrated investments in a particular sector or industry (technology sector and electronic media companies) tend to be more volatile than the overall market and increases risk that events negatively affecting such sectors or industries could reduce returns, potentially causing the value of the Fund's shares to decrease.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly.

Non-diversified funds that focus on a relatively small number of issuers 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.

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 12/05/2019
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® FactSet Innovative Technology ETF XITK $110.99 $110.90 $110.97 -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.

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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