SPDR® SSGA Gender Diversity Index ETF

SHE

Key Features

  • The SPDR® SSGA Gender Diversity Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index (the "Index")
  • Seeks to provide exposure to US companies that demonstrate greater gender diversity within senior leadership than other firms in their sector
  • Companies in the Index are ranked within each sector by three gender diversity ratios
  • The Index seeks to minimize variations in sector weights compared to the composition of the index's broader investment universe by focusing on companies with the highest levels within their sectors of senior leadership gender diversity

Fund Information

As of 12/05/2019
Ticker Symbol SHE
Primary Benchmark SSGA Gender Diversity Index
CUSIP 78468R747
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.

0.20%
Inception Date 03/07/2016
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 10/31/2019 QUARTER END As of 09/30/2019
1 Month1.21%0.87%
QTD1.21%-0.01%
YTD18.34%16.92%
1 Year11.29%2.35%
3 Year12.52%11.29%
5 YearN/AN/A
10 YearN/AN/A
Inception
11.99%11.91%
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
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.

10.21%
Number of Holdings 178
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.

3.09
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.

18.53
Weighted Average Market Cap $117,528.00 M

Fund Market Price

As of 12/04/2019
Bid/Ask $75.72
Closing Price $75.73
Day High $75.73
Day Low $75.63
Exchange Volume (shares) 303
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)

0.06%

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.

1.85%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

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 that does not account for expense ratio waivers.

N/A
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.

1.94%
Index Dividend Yield

Index Dividend Yield

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

2.11%
Tax Equivalent Yield N/A

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.

$75.67
Shares Outstanding 1.98 M
Total Net Assets $149.45 M

Index Characteristics

As of 12/04/2019
Est. 3-5 Year EPS Growth 10.23%
Number of Holdings 178
Price/Cash Flow 13.02
Price/Earnings 20.35
Price/Earnings Ratio FY1 18.53
Return On Equity 465.87%

Fund Net Cash Amount

As of 12/04/2019
Net Cash Amount $262,040.40

Index Statistics

As of 12/04/2019
Weighted Average Market Cap $118,953.36 M
Average Size
Mean $29,099.20 M
Median $10,103.17 M
Size Range
Largest $390,276.63 M
Smallest $838.70 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
03/07/2016
Month End
NAV 10/31/2019 1.21% 1.21% 18.34% 11.29% 12.52% N/A N/A 11.99%
Market Value 10/31/2019 1.18% 1.18% 18.24% 11.26% 12.52% N/A N/A 11.99%
Return after Taxes on Distributions 10/31/2019 1.21% 1.21% 17.63% 8.96% 10.30% N/A N/A 10.04%
Return after Taxes on Distributions and Sale of Fund Shares 10/31/2019 0.72% 0.72% 10.84% 7.06% 8.97% N/A N/A 8.69%
SSGA Gender Diversity Index 10/31/2019 1.24% 1.24% 18.51% 11.33% 12.69% N/A N/A 12.17%
Quarter End
NAV 09/30/2019 0.87% -0.01% 16.92% 2.35% 11.29% N/A N/A 11.91%
Market Value 09/30/2019 0.95% 0.04% 16.86% 2.35% 11.31% N/A N/A 11.92%
Return after Taxes on Distributions 09/30/2019 0.68% -0.20% 16.23% 0.22% 9.09% N/A N/A 9.92%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 0.51% 0.00% 10.01% 1.76% 8.01% N/A N/A 8.62%
SSGA Gender Diversity Index 09/30/2019 0.90% 0.08% 17.06% 2.72% 11.45% N/A N/A 12.09%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
03/07/2016
Month End
NAV 10/31/2019 1.21% 1.21% 18.34% 11.29% 12.52% N/A N/A 11.99%
Market Value 10/31/2019 1.18% 1.18% 18.24% 11.26% 12.52% N/A N/A 11.99%
Return after Taxes on Distributions 10/31/2019 1.21% 1.21% 17.63% 8.96% 10.30% N/A N/A 10.04%
Return after Taxes on Distributions and Sale of Fund Shares 10/31/2019 0.72% 0.72% 10.84% 7.06% 8.97% N/A N/A 8.69%
SSGA Gender Diversity Index 10/31/2019 1.24% 1.24% 18.51% 11.33% 12.69% N/A N/A 12.17%
Quarter End
NAV 09/30/2019 0.87% -0.01% 16.92% 2.35% 11.29% N/A N/A 11.91%
Market Value 09/30/2019 0.95% 0.04% 16.86% 2.35% 11.31% N/A N/A 11.92%
Return after Taxes on Distributions 09/30/2019 0.68% -0.20% 16.23% 0.22% 9.09% N/A N/A 9.92%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 0.51% 0.00% 10.01% 1.76% 8.01% N/A N/A 8.62%
SSGA Gender Diversity Index 09/30/2019 0.90% 0.08% 17.06% 2.72% 11.45% N/A N/A 12.09%
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: 0.20%

Performance Graphs

Month End as of 10/31/2019

Fund Inception Date: 03/07/2016

Index Inception Date: 02/12/2016

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Quarter End as of 09/30/2019

Fund Inception Date: 03/07/2016

Index Inception Date: 02/12/2016

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Fund Top Holdings

Subject to change.

As of 12/04/2019
Name Weight Shares Held
Visa Inc. Class A 5.06 % 41,828
Johnson & Johnson 4.88 % 52,258
Wells Fargo & Company 4.56 % 127,830
Home Depot Inc. 4.50 % 31,358
Walt Disney Company 4.24 % 42,640
PayPal Holdings Inc 4.18 % 59,365
Texas Instruments Incorporated 3.81 % 47,314
U.S. Bancorp 2.55 % 64,076
Coca-Cola Company 2.55 % 69,989
Gilead Sciences Inc. 2.34 % 52,248

Index Top Holdings

As of 12/04/2019
Name Weight
Wells Fargo & Company 5.45 %
Visa Inc. Class A 5.06 %
Johnson & Johnson 4.87 %
Home Depot Inc. 4.49 %
Walt Disney Company 4.23 %
PayPal Holdings Inc 4.19 %
Texas Instruments Incorporated 3.83 %
Coca-Cola Company 2.52 %
U.S. Bancorp 2.36 %
Gilead Sciences Inc. 2.33 %

Fund Sector Allocation

As of 12/04/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/04/2019</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>20.74</rawValue><value>20.74%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>13.44</rawValue><value>13.44%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>13.33</rawValue><value>13.33%</value><label>Health Care</label><order>3</order></attribute><attribute><rawValue>10.71</rawValue><value>10.71%</value><label>Consumer Discretionary</label><order>4</order></attribute><attribute><rawValue>10.13</rawValue><value>10.13%</value><label>Industrials</label><order>5</order></attribute><attribute><rawValue>9.62</rawValue><value>9.62%</value><label>Communication Services</label><order>6</order></attribute><attribute><rawValue>7.79</rawValue><value>7.79%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>4.52</rawValue><value>4.52%</value><label>Energy</label><order>8</order></attribute><attribute><rawValue>3.86</rawValue><value>3.86%</value><label>Real Estate</label><order>9</order></attribute><attribute><rawValue>3.17</rawValue><value>3.17%</value><label>Utilities</label><order>10</order></attribute><attribute><rawValue>2.7</rawValue><value>2.70%</value><label>Materials</label><order>11</order></attribute></attributes></component>

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>20.75</rawValue><value>20.75%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>13.55</rawValue><value>13.55%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>13.31</rawValue><value>13.31%</value><label>Health Care</label><order>3</order></attribute><attribute><rawValue>10.7</rawValue><value>10.70%</value><label>Consumer Discretionary</label><order>4</order></attribute><attribute><rawValue>10.11</rawValue><value>10.11%</value><label>Industrials</label><order>5</order></attribute><attribute><rawValue>9.6</rawValue><value>9.60%</value><label>Communication Services</label><order>6</order></attribute><attribute><rawValue>7.75</rawValue><value>7.75%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>4.51</rawValue><value>4.51%</value><label>Energy</label><order>8</order></attribute><attribute><rawValue>3.89</rawValue><value>3.89%</value><label>Real Estate</label><order>9</order></attribute><attribute><rawValue>3.15</rawValue><value>3.15%</value><label>Utilities</label><order>10</order></attribute><attribute><rawValue>2.68</rawValue><value>2.68%</value><label>Materials</label><order>11</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® SSGA Gender Diversity Index ETF.

Global Equity Beta Solutions

CIO, Global Equity Beta Solutions Lynn S. Blake Executive Vice President Show BioHide Bio

Lynn is an Executive Vice President of State Street Global Advisors and CIO of Global Equity Beta Solutions. In this capacity, she oversees a team of 80 portfolio managers and analysts globally, and more than 1,400 portfolios with assets in excess of $1.4 trillion across all equity index and smart beta strategies. She also oversees State Street Global Advisors' ESG Investments and Asset Stewardship Team as well as the Company Stock Group which manages fiduciary transactions and company stock investments, including company stock ownership and 401K plans. In addition, she is a Director of the State Street Global Advisors Trust Company and member of the State Street Global Advisors Fiduciary and Conduct Committee and the Investment Committee. Lynn also serves as a member of State Street Global Advisors' Executive Management Group.

Prior to her current role, Lynn was head of non-US markets of passive equities, responsible for overseeing the management of all non-US equity index strategies, as well as serving as portfolio manager for several equity index portfolios. She joined State Street Global Advisors in 1987.

Lynn has a Master of Business Administration in finance from Northeastern University, and a Bachelor of Science from the Boston College Carroll School of Management. She earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the Boston Security Analyst Society. Lynn serves on the Board for the Posse Foundation Boston, a non-profit organization that partners with top colleges and universities to recruit and sustain outstanding young leaders from diverse backgrounds. She also is a member of the Sustainability Accounting Standards Board's (SASB) Investment Advisory Group and serves on various index advisory boards.

Senior Portfolio Manager Amy Cheng Vice President Show BioHide Bio

Amy is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions group. Within this group, she is the strategy leader for alternative asset equities. Amy is responsible for the management of various domestic, international and emerging market equity index strategies, including listed real estate securities and commodities.

Prior to joining the Global Equity Beta Solutions group in May 2008, Amy worked in the Implementation Group where she performed the day-to-day management of active developed and emerging market equity portfolios. She also worked as an Operations Associate responsible for funds managed by the active international equities team. Prior to joining SSGA in 2000, Amy worked at Mellon Financial.

Amy earned a BA in Economics and Political Science from the University of Rochester and an MBA from the Carroll School of Management at Boston College. Amy is a member of the FTSE EPRA/NAREIT Global Real Estate Index Series Americas Regional Advisory Committee.

Senior Portfolio Manager Melissa A. Kapitulik Vice President Show BioHide Bio

Melissa is a Vice President at State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions team where she currently manages several of the firm's commingled US and international strategies as well as US and international/emerging ETFs and other separately managed domestic and international funds. Additionally, Melissa manages synthetic beta strategies.

Prior to her current role, Melissa worked on SSGA's Trident Project RKS implementation. Before joining SSGA, Melissa was a consultant -- specializing in accounting system implementations for investment management companies -- and was responsible for the design and development of a wide variety of applications. She began her career at PIMCO, where she worked for several years as a trading assistant in Global Fixed Income.

Melissa holds a Bachelor of Science degree in Finance from Villanova 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.

SSGA Gender Diversity Index

The SSGA Gender Diversity Index is designed to measure the performance of U.S. large capitalization companies that are "gender diverse," which are defined as companies that exhibit gender diversity in their senior leadership positions.

SSGA Gender Diversity Index Methodology »

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 industry or sector may be more vulnerable to adverse changes in that industry or sector.

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

Gender diversity risk: The returns on a portfolio of securities that excludes companies that are not gender diverse may trail the returns on a portfolio of securities that includes companies that are not gender diverse.

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 12/04/2019
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® SSGA Gender Diversity Index ETF SHE $75.67 $75.73 $75.72 0.06%
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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