SPDR® SSGA Multi-Asset Real Return ETF

RLY

Key Features

  • The SPDR® SSGA Multi-Asset Real Return ETF seeks to achieve real return consisting of capital appreciation and current income. The Fund invests in exchange traded funds registered under the Investment Company Act of 1940, as amended, that seek to track the performance of a market index; exchange traded commodity trusts; and exchange traded notes. The Portfolio may invest in certain ETPs that pay fees to the Adviser and its affiliates for management, marketing or other services.
  • Seeks to provide exposure to inflation protected securities issued domestically and internationally, domestic and international real estate securities, commodities, and publicly traded companies in natural resources and/or commodity businesses. These companies may include agriculture, energy, and metals and mining companies.
  • Investment process relies on a proprietary quantitative model as well as the Adviser's fundamental views regarding factors that may not be captured by the quantitative model

Fund Information

As of 12/09/2019
Ticker Symbol RLY
Primary Benchmark Bloomberg Barclays U.S. Government Inflation-Linked Bond Index
Secondary Benchmark DBIQ Optimum Yield Diversified Commodity Index Excess Return
CUSIP 78467V103
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.

0.50%
Inception Date 04/25/2012
Investment Manager SSGA Funds Management, Inc.
Management Team Investment Solutions Group (ISG)
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 Month-0.18%1.34%
QTD1.24%-1.41%
YTD11.26%9.90%
1 Year6.34%-4.02%
3 Year3.62%2.53%
5 Year0.10%-0.72%
10 YearN/AN/A
Inception
-0.33%-0.50%
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
Number of Holdings 12

Fund Market Price

As of 12/05/2019
Bid/Ask $25.09
Closing Price $25.09
Day High $25.12
Day Low $25.09
Exchange Volume (shares) 674
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.

2.78%
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.

2.79%

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.

$25.10
Shares Outstanding 3.91 M
Total Net Assets $98.12 M

Fund Net Cash Amount

As of 12/05/2019
Net Cash Amount $193,565.57

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
04/25/2012
Month End
NAV 11/30/2019 -0.18% 1.24% 11.26% 6.34% 3.62% 0.10% N/A -0.33%
Market Value 11/30/2019 0.08% 1.17% 13.71% 6.57% 3.61% 0.11% N/A -0.32%
Return after Taxes on Distributions 11/30/2019 -0.18% 1.24% 10.52% 5.25% 2.82% -0.55% N/A -0.99%
Return after Taxes on Distributions and Sale of Fund Shares 11/30/2019 -0.10% 0.73% 6.66% 3.87% 2.54% -0.10% N/A -0.43%
Bloomberg Barclays U.S. Government Inflation-Linked Bond Index
Primary Index
11/30/2019 0.18% 0.42% 8.41% 9.01% 3.28% 2.39% 3.20% 1.59%
DBIQ Optimum Yield Diversified Commodity Index Excess Return
Secondary Index
11/30/2019 -0.51% 1.51% 4.30% -0.56% -0.31% -5.31% -4.21% -7.17%
Quarter End
NAV 09/30/2019 1.34% -1.41% 9.90% -4.02% 2.53% -0.72% N/A -0.50%
Market Value 09/30/2019 1.55% -1.43% 12.39% -3.94% 2.56% -0.67% N/A -0.49%
Return after Taxes on Distributions 09/30/2019 1.17% -1.57% 9.17% -5.00% 1.74% -1.37% N/A -1.18%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 0.79% -0.83% 5.86% -2.26% 1.70% -0.72% N/A -0.56%
Bloomberg Barclays U.S. Government Inflation-Linked Bond Index
Primary Index
09/30/2019 -1.47% 1.48% 7.95% 7.42% 2.27% 2.56% 3.56% 1.56%
DBIQ Optimum Yield Diversified Commodity Index Excess Return
Secondary Index
09/30/2019 0.90% -5.13% 2.75% -16.55% -0.28% -7.97% -3.31% -7.51%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
04/25/2012
Month End
NAV 11/30/2019 -0.18% 1.24% 11.26% 6.34% 3.62% 0.10% N/A -0.33%
Market Value 11/30/2019 0.08% 1.17% 13.71% 6.57% 3.61% 0.11% N/A -0.32%
Return after Taxes on Distributions 11/30/2019 -0.18% 1.24% 10.52% 5.25% 2.82% -0.55% N/A -0.99%
Return after Taxes on Distributions and Sale of Fund Shares 11/30/2019 -0.10% 0.73% 6.66% 3.87% 2.54% -0.10% N/A -0.43%
Bloomberg Barclays U.S. Government Inflation-Linked Bond Index
Primary Index
11/30/2019 0.18% 0.42% 8.41% 9.01% 3.28% 2.39% 3.20% 1.59%
DBIQ Optimum Yield Diversified Commodity Index Excess Return
Secondary Index
11/30/2019 -0.51% 1.51% 4.30% -0.56% -0.31% -5.31% -4.21% -7.17%
Quarter End
NAV 09/30/2019 1.34% -1.41% 9.90% -4.02% 2.53% -0.72% N/A -0.50%
Market Value 09/30/2019 1.55% -1.43% 12.39% -3.94% 2.56% -0.67% N/A -0.49%
Return after Taxes on Distributions 09/30/2019 1.17% -1.57% 9.17% -5.00% 1.74% -1.37% N/A -1.18%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 0.79% -0.83% 5.86% -2.26% 1.70% -0.72% N/A -0.56%
Bloomberg Barclays U.S. Government Inflation-Linked Bond Index
Primary Index
09/30/2019 -1.47% 1.48% 7.95% 7.42% 2.27% 2.56% 3.56% 1.56%
DBIQ Optimum Yield Diversified Commodity Index Excess Return
Secondary Index
09/30/2019 0.90% -5.13% 2.75% -16.55% -0.28% -7.97% -3.31% -7.51%
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: 0.50%

Performance Graphs

Month End as of 11/30/2019

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 02/28/1997

Inception Date of Secondary Index: 12/31/2003

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Quarter End as of 09/30/2019

Fund Inception Date: 04/25/2012

Inception Date of Primary Index: 02/28/1997

Inception Date of Secondary Index: 12/31/2003

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Fund Top Holdings

Subject to change.

As of 12/05/2019
Name Ticker Weight
SPDR S&P Global Natural Resources ETF GNR 20.68 %
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC 18.01 %
SPDR Portfolio TIPS ETF SPIP 16.02 %
SPDR Dow Jones REIT ETF RWR 11.11 %
SPDR Dow Jones International Real Estate ETF RWX 9.08 %
SPDR S&P Global Infrastructure ETF GII 9.02 %
SPDR FTSE International Government Inflation-Protected Bond ETF WIP 5.91 %
Invesco DB Gold Fund DGL 3.04 %
Energy Select Sector SPDR Fund XLE 2.91 %
SPDR S&P Metals & Mining ETF XME 2.05 %
VanEck Vectors Agribusiness ETF MOO 1.99 %
State Street Instl Us Governme Open-End 85749270 0.13 %
U.S. Dollar CASH_USD 0.05 %

Asset Class Breakdown

As of 12/05/2019
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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 Multi-Asset Real Return ETF.

Investment Solutions Group (ISG)

Senior Portfolio Manager Rob Guiliano Vice President Show BioHide Bio

Robert Guiliano Senior Portfolio Manager SSGA Portfolio Management ? Investment Solutions Group (ISG)

Rob is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in SSGA's US Portfolio Management - Investment Solutions Group (ISG). He joined the firm in November 1997 and his responsibilities include the management of real asset, tactical, and strategic multi-asset allocation strategies as well as conducting research, product development, and advising institutional clients on investment policy. Prior to joining the ISG team, he was a portfolio manager/analyst in the Product Engineering group supporting the global asset allocation and currency investment management teams.

Previously, he worked as an Investment Marketing Analyst for SSGA's defined contribution group, CitiStreet. Prior to SSGA, he worked as an Assistant Relationship Representative at Funds Distributor Inc. Before entering investment management in 1996, Rob work as a Construction and Environmental Project Manager for ExxonMobil Corporation for seven years.

Rob earned a Masters in Business Administration from Boston University in 1996 with a concentration in Finance and Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute in 1989 with a Minor in Economics. He is a member of the CFA Institute and Boston Security Analysts Society.

Portfolio Manager John A. Gulino Vice President Show BioHide Bio

John is a Vice President of State Street Global Advisors and a Portfolio Manager with the Investment Solutions Group ("ISG"). He is responsible for the development and investment management of global asset allocation strategies including tactical asset allocation and real asset strategies.

Prior to joining SSGA, John spent six years with the Fidelity Investments Company. John is also an adjunct instructor for the Executive Development Center at Bryant University in Smithfield, RI.

John graduated from Bryant University with a Bachelor of Science in Business Administration with a concentration in Finance. He has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and Boston Security Analyst Society (BSAS).

Head of Portfolio Management Michael O. Martel Managing Director Show BioHide Bio

Mike is a Managing Director of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team.

He has been working in the investment management field since 1992.

Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston 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.

Bloomberg Barclays U.S. Government Inflation-Linked Bond Index

The Bloomberg Barclays U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. The notional coupon of a bond must be fixed or zero. Bonds must settle on or before the index rebalancing date.

DBIQ Optimum Yield Diversified Commodity Index Excess Return

The DBIQ Optimum Yield Diversified Commodity Index Excess Return employs a rule based approach when it rolls from one futures contract to another for each commodity in the index. DBLCI Diversified Index represents 14 commodities drawn from the Energy, Precious Metals, Industrial Metals and Agriculture sectors.

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.

Actively managed ETFs do not seek to replicate the performance of a specified index. Because the SPDR SSGA Active Asset Allocation ETFs are actively managed, they are therefore subject to the risk that the investments selected by SSGA may cause the ETFs to underperform relative to their benchmarks or other funds with similar investment objectives.

Commodities investing entail significant risk as commodity prices can be extremely volatile due to wide range of factors.

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.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

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® SSGA Multi-Asset Real Return ETF RLY $25.10 $25.09 $25.09 -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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