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State Street ETF Model Portfolios

State Street
ETF Model Portfolios

Portfolio Solutions to Meet Unique Investment Needs

State Street ETF Model Portfolios are brought to you by the creators of the world's first ETFs.* Crafted by experts, each one is designed, built and managed by the Investment Solutions Group, a team established in 1982. Over 50 portfolio managers, strategists and analysts pursue a range of investment outcomes to provide diversification opportunities across a variety of asset classes and risk profiles.

*ETFs managed by State Street Global Advisors have the oldest inception dates within the US, Hong Kong, Australia and Singapore (SSGA launched the first ETF in the US on January 22, 1993, launched the first ETF in Hong Kong on November 11, 1999, launched the first ETF in Australia on August 24, 2001, and launched the first ETF in Singapore on April 11, 2002).

Click Below for Model Portfolio Research and Insight.

State Street Strategic Asset Allocation ETF Portfolios

Objective

Seeks to provide optimal capital efficiency over a long-term horizon. The more conservative model portfolios are designed to generate current income, with some consideration given to growth of capital. The more aggressive portfolios are predominantly focused on growth of capital. In all instances, the model portfolios are constructed, based on risk tolerance, to achieve market exposure across both equity and fixed income markets.

Evaluation Frequency

Annually

Key Facts

  • Diversified, global asset allocation
  • Consistent long-term approach with lower turnover and portfolio efficiency
  • Incorporates State Street Global Advisors' expert long-term capital markets forecasts

Portfolios

  • Conservative
  • Moderate Conservative
  • Moderate
  • Moderate Growth
  • Growth
  • Maximum Growth
Equities 20%
Fixed Income 80%
Equities 18%
SPDR Portfolio Large Cap ETF SPLG 9.5%
SPDR Portfolio Developed World ex-US ETF SPDW 5.5%
SPDR Portfolio Small Cap ETF SPSM 2%
SPDR Portfolio Emerging Markets ETF SPEM 1%
SPDR S&P International Small Cap ETF GWX -
SPDR S&P Emerging Markets Small Cap EWX -
Fixed Income 78%
SPDR Portfolio Aggregate Bond ETF SPAB 55.5%
SPDR Portfolio TIPS ETF SPIP 9%
SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 6%
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 3%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2.5%
SPDR Portfolio Long Term Treasury ETF SPTL -
SPDR Portfolio Short Term Treasury SPTS 2%
Global Real Estate 2%
SPDR Dow Jones Global Real Estate ETF RWO 2%
Cash 2%
Cash - 2%
Equities 40%
Fixed Income 60%
Equities 37%
SPDR Portfolio Large Cap ETF SPLG 19%
SPDR Portfolio Developed World ex-US ETF SPDW 8%
SPDR Portfolio Small Cap ETF SPSM 4%
SPDR Portfolio Emerging Markets ETF SPEM 4%
SPDR S&P International Small Cap ETF GWX 2%
SPDR S&P Emerging Markets Small Cap EWX -
Fixed Income 58%
SPDR Portfolio Aggregate Bond ETF SPAB 38%
SPDR Portfolio TIPS ETF SPIP 8%
SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 5%
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 3%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2%
SPDR Portfolio Long Term Treasury ETF SPTL 1%
SPDR Portfolio Short Term Treasury SPTS 1%
Global Real Estate 3%
SPDR Dow Jones Global Real Estate ETF RWO 3%
Cash 2%
Cash - 2%
Equities 60%
Fixed Income 40%
Equities 57%
SPDR Portfolio Large Cap ETF SPLG 27%
SPDR Portfolio Developed World ex-US ETF SPDW 14%
SPDR Portfolio Small Cap ETF SPSM 7%
SPDR Portfolio Emerging Markets ETF SPEM 6%
SPDR S&P International Small Cap ETF GWX 2%
SPDR S&P Emerging Markets Small Cap EWX 1%
Fixed Income 38%
SPDR Portfolio Aggregate Bond ETF SPAB 23%
SPDR Portfolio TIPS ETF SPIP 5%
SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 4.5%
SPDR Portfolio Intermediate Term Corporate Bond ET SPIB 2%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 1.5%
SPDR Portfolio Long Term Treasury ETF SPTL 2%
SPDR Portfolio Short Term Treasury SPTS -
Global Real Estate 3%
SPDR Dow Jones Global Real Estate ETF RWO 3%
Cash 2%
Cash - 2%
Equities 75%
Fixed Income 25%
Equities 71%
SPDR Portfolio Large Cap ETF SPLG 32.5%
SPDR Portfolio Developed World ex-US ETF SPDW 17.5%
SPDR Portfolio Small Cap ETF SPSM 9%
SPDR Portfolio Emerging Markets ETF SPEM 8%
SPDR S&P International Small Cap ETF GWX 3%
SPDR S&P Emerging Markets Small Cap EWX 1%
Fixed Income 23%
SPDR Portfolio Aggregate Bond ETF SPAB 11%
SPDR Portfolio TIPS ETF SPIP 3%
SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 3%
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 2%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 1%
SPDR Portfolio Long Term Treasury ETF SPTL 3%
SPDR Portfolio Short Term Treasury SPTS -
Global Real Estate 4%
SPDR Dow Jones Global Real Estate ETF RWO 4%
Cash 4%
Cash - 2%
Equities 90%
Fixed Income 10%
Equities 85%
SPDR Portfolio Large Cap ETF SPLG 38%
SPDR Portfolio Developed World ex-US ETF SPDW 21%
SPDR Portfolio Small Cap ETF SPSM 12%
SPDR Portfolio Emerging Markets ETF SPEM 9%
SPDR S&P International Small Cap ETF GWX 3%
SPDR S&P Emerging Markets Small Cap EWX 2%
Fixed Income 8%
SPDR Portfolio Aggregate Bond ETF SPAB 2%
SPDR Portfolio TIPS ETF SPIP -
SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 2%
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB -
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 1%
SPDR Portfolio Long Term Treasury ETF SPTL 3%
SPDR Portfolio Short Term Treasury SPTS -
Global Real Estate 5%
SPDR Dow Jones Global Real Estate ETF RWO 5%
Cash 2%
Cash - 2%
Equities 98%
Fixed Income 2%
Equities 93%
SPDR Portfolio Large Cap ETF SPLG 42%
SPDR Portfolio Developed World ex-US ETF SPDW 22%
SPDR Portfolio Small Cap ETF SPSM 13%
SPDR Portfolio Emerging Markets ETF SPEM 4%
SPDR S&P International Small Cap ETF GWX 2%
SPDR S&P Emerging Markets Small Cap EWX -
Fixed Income -
SPDR Portfolio Aggregate Bond ETF SPAB -
SPDR Portfolio TIPS ETF SPIP -
SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK -
SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB -
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND -
SPDR Portfolio Long Term Treasury ETF SPTL -
SPDR Portfolio Short Term Treasury SPTS -
Global Real Estate 5%
SPDR Dow Jones Global Real Estate ETF RWO 5%
Cash 2%
Cash - 2%

Source: State Street Global Advisors, as of November 12, 2019.

All asset allocation scenarios are for hypothetical purposes only and are not intended to represent a specific asset allocation strategy or recommend a particular allocation. Each investor's situation is unique and asset allocation decisions should be based on an investor's risk tolerance, time horizon and financial situation.

Prior to August 30, 2019, the State Street Strategic Asset Allocation ETF Portfolios were known as the State Street Strategic ETF Model Portfolios and the Moderate Growth and Growth portfolios were known as Moderate Aggressive and Aggressive, respectively.Prior to September 23, 2019, the SPDR Portfolio TIPS ETF (SPIP) was known as the SPDR Bloomberg Barclays TIPS ETF (IPE).

State Street Active Asset Allocation ETF Portfolios

Objective

Seeks to capitalize on short- and long-term mispricing in the global equity and fixed income markets by overweighting asset classes that appear attractive and underweighting less attractive asset classes. Among these risk-based portfolios, the more conservative model portfolios are designed to focus on capital preservation, with some consideration given to growth of capital. The more aggressive model portfolios are primarily focused on growth of capital.

Trading Frequency

10-16 times per year

Key Facts

  • Seeks to outperform the benchmark over a full market cycle
  • Focuses on identifying opportunities in the global capital markets
  • Over 10-year track record (inception date: 11/1/08)

Portfolios

  • Conservative
  • Moderate Conservative
  • Moderate
  • Moderate Growth
  • Growth
  • Maximum Growth
Equities 20%
Fixed Income 80%
Equities 20%
SPDR S&P 500 ETF SPY 8.5%
SPDR SSGA US Sector Rotation ETF XLSR 5.5%
SPDR Portfolio Small Cap ETF SPSM 1%
SPDR Portfolio Mid Cap ETF SPMD -
SPDR Portfolio World ex-US ETF SPDW 2%
SPDR Portfolio Emerging Markets ETF SPEM 1%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX -
SPDR S&P Emerging Markets Small Cap ETF EWX -
Fixed Income 72%
SPDR SSGA Fixed Income Sector Rotation ETF FISR 31%
SPDR Portfolio Aggregate Bond ETF SPAB 25%
SPDR Portfolio TIPS ETF SPIP 8%
SPDR Barclays Capital US High Yield Bond ETF JNK 5%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 3%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 6%
SPDR Dow Jones REIT ETF RWR 4%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX -
Cash 2%
Cash 2%
Equities 40%
Fixed Income 60%
Equities 38%
SPDR S&P 500 ETF SPY 14%
SPDR SSGA US Sector Rotation ETF XLSR 10%
SPDR Portfolio Small Cap ETF SPSM 1%
SPDR Portfolio Mid Cap ETF SPMD 1%
SPDR Portfolio World ex-US ETF SPDW 6.5%
SPDR Portfolio Emerging Markets ETF SPEM 2.5%
SPDR Portfolio EUROPE ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 1%
SPDR S&P Emerging Markets Small Cap ETF EWX -
Fixed Income 52%
SPDR SSGA Fixed Income Sector Rotation ETF FISR 22.5%
SPDR Portfolio Aggregate Bond ETF SPAB 16.5%
SPDR Portfolio TIPS ETF SPIP 5%
SPDR Barclays Capital US High Yield Bond ETF JNK 5%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 3%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 8%
SPDR Dow Jones REIT ETF RWR 5%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX 1%
Cash 2%
Cash 2%
Equities 60%
Fixed Income 40%
Equities 58%
SPDR S&P 500 ETF SPY 18.5%
SPDR SSGA US Sector Rotation ETF XLSR 14.5%
SPDR Portfolio Small Cap ETF SPSM 3%
SPDR Portfolio Mid Cap ETF SPMD 2%
SPDR Portfolio World ex-US ETF SPDW 11%
SPDR Portfolio Emerging Markets ETF SPEM 5%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 2%
SPDR S&P Emerging Markets Small Cap ETF EWX -
Fixed Income 32%
SPDR SSGA Fixed Income Sector Rotation ETF FISR 14.5%
SPDR Portfolio Aggregate Bond ETF SPAB 8%
SPDR Portfolio TIPS ETF SPIP 3%
SPDR Barclays Capital US High Yield Bond ETF JNK 4%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP 0.5%
Real Assets 8%
SPDR Dow Jones REIT ETF RWR 5%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX 1%
Cash 2%
Cash 2%
Equities 75%
Fixed Income 25%
Equities 72%
SPDR S&P 500 ETF SPY 21.5%
SPDR SSGA US Sector Rotation ETF XLSR 17.5%
SPDR Portfolio Small Cap ETF SPSM 4%
SPDR Portfolio Mid Cap ETF SPMD 3%
SPDR Portfolio World ex-US ETF SPDW 14%
SPDR Portfolio Emerging Markets ETF SPEM 6%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 3%
SPDR S&P Emerging Markets Small Cap ETF EWX 1%
Fixed Income 17%
SPDR SSGA Fixed Income Sector Rotation ETF FISR 8%
SPDR Portfolio Aggregate Bond ETF SPAB 1%
SPDR Portfolio TIPS ETF SPIP 2%
SPDR Barclays Capital US High Yield Bond ETF JNK 4%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 9%
SPDR Dow Jones REIT ETF RWR 5.5%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX 1.5%
Cash 2%
Cash 2%
Equities 90%
Fixed Income 10%
Equities 87%
SPDR S&P 500 ETF SPY 24.5%
SPDR SSGA US Sector Rotation ETF XLSR 20.5%
SPDR Portfolio Small Cap ETF SPSM 5%
SPDR Portfolio Mid Cap ETF SPMD 4%
SPDR Portfolio World ex-US ETF SPDW 18%
SPDR Portfolio Emerging Markets ETF SPEM 7%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 4%
SPDR S&P Emerging Markets Small Cap ETF EWX 2%
Fixed Income 4%
SPDR SSGA Fixed Income Sector Rotation ETF FISR -
SPDR Portfolio Aggregate Bond ETF SPAB -
SPDR Portfolio TIPS ETF SPIP -
SPDR Barclays Capital US High Yield Bond ETF JNK 3%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 1%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 7%
SPDR Dow Jones REIT ETF RWR 4.5%
SPDR Gold Shares GLD 1%
SPDR Dow Jones International Real Estate ETF RWX 1.5%
Cash 2%
Cash 2%
Equities 98%
Fixed Income 2%
Equities 91%
SPDR S&P 500 ETF SPY 25%
SPDR SSGA US Sector Rotation ETF XLSR 22%
SPDR Portfolio Small Cap ETF SPSM 6%
SPDR Portfolio Mid Cap ETF SPMD 4%
SPDR Portfolio World ex-US ETF SPDW 18%
SPDR Portfolio Emerging Markets ETF SPEM 9%
SPDR Portfolio Europe ETF SPEU 1%
SPDR S&P International Small Cap ETF GWX 4%
SPDR S&P Emerging Markets Small Cap ETF EWX 2%
Fixed Income -
SPDR SSGA Fixed Income Sector Rotation ETF FISR -
SPDR Portfolio Aggregate Bond ETF SPAB -
SPDR Portfolio TIPS ETF SPIP -
SPDR Barclays Capital US High Yield Bond ETF JNK -
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND -
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 7%
SPDR Dow Jones REIT ETF RWR 5%
SPDR Gold Shares GLD -
SPDR Dow Jones International Real Estate ETF RWX 2%
Cash 2%
Cash 2%

Source: State Street Global Advisors, as of November 12, 2019.

All asset allocation scenarios are for hypothetical purposes only and are not intended to represent a specific asset allocation strategy or recommend a particular allocation. Each investor's situation is unique and asset allocation decisions should be based on an investor's risk tolerance, time horizon and financial situation.

Prior to August 30, 2019, the State Street Active Asset Allocation ETF Portfolios were known as the State Street Tactical Allocation ETF Portfolios.Prior to September 23, 2019, the SPDR Portfolio Europe ETF (SPEU) was known as the SPDR STOXX® Europe 50 ETF (FEU) and the SPDR Portfolio TIPS ETF (SPIP) was known as the SPDR Bloomberg Barclays TIPS ETF (IPE).

State Street Tax-Sensitive Active Asset Allocation ETF Portfolios

Objective

Seeks a distinct balance of risk and potential return. The more aggressive portfolios focus on long-term growth, while the more conservative portfolios emphasize current income and capital preservation. Each model portfolio seeks to pursue its goal and manage risk in a tax-sensitive manner by actively managing its allocations to ETFs offering exposure to a variety of asset classes.

Trading Frequency

10-16 times per year

Key Facts

  • Seeks to outperform the benchmark over a full market cycle by employing active asset allocation
  • Focuses on identifying mispricing opportunities in the global equity and fixed income markets
  • Captures the potential tax advantages of municipal bonds

Portfolios

  • Conservative
  • Moderate Conservative
  • Moderate
  • Moderate Growth
  • Growth
  • Maximum Growth
Equities 20%
Fixed Income 80%
Equities 20%
SPDR S&P 500 ETF SPY 8.5%
SPDR SSGA US Sector Rotation ETF XLSR 5.5%
SPDR Portfolio Small Cap ETF SPSM 1%
SPDR Portfolio Mid Cap ETF SPMD -
SPDR Portfolio World ex-US ETF SPDW 2%
SPDR Portfolio Emerging Markets ETF SPEM 1%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX -
SPDR S&P Emerging Markets Small Cap ETF EWX -
Fixed Income 72%
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI 56%
SPDR Portfolio TIPS ETF SPIP 8%
SPDR Barclays Capital US High Yield Bond ETF JNK 5%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 3%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 6%
SPDR Dow Jones REIT ETF RWR 4%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX -
Cash 2%
Cash 2%
Equities 40%
Fixed Income 60%
Equities 38%
SPDR S&P 500 ETF SPY 14%
SPDR SSGA US Sector Rotation ETF XLSR 10%
SPDR Portfolio Small Cap ETF SPSM 1%
SPDR Portfolio Mid Cap ETF SPMD 1%
SPDR Portfolio World ex-US ETF SPDW 6.5%
SPDR Portfolio Emerging Markets ETF SPEM 2.5%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 1%
SPDR S&P Emerging Markets Small Cap ETF EWX -
Fixed Income 52%
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI 39%
SPDR Portfolio TIPS ETF SPIP 5%
SPDR Barclays Capital US High Yield Bond ETF JNK 5%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 3%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 8%
SPDR Dow Jones REIT ETF RWR 5%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX 1%
Cash 2%
Cash 2%
Equities 60%
Fixed Income 40%
Equities 58%
SPDR S&P 500 ETF SPY 18.5%
SPDR SSGA US Sector Rotation ETF XLSR 14.5%
SPDR Portfolio Small Cap ETF SPSM 3%
SPDR Portfolio Mid Cap ETF SPMD 2%
SPDR Portfolio World ex-US ETF SPDW 11%
SPDR Portfolio Emerging Markets ETF SPEM 5%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 2%
SPDR S&P Emerging Markets Small Cap ETF EWX -
Fixed Income 32%
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI 22.5%
SPDR Portfolio TIPS ETF SPIP 3%
SPDR Barclays Capital US High Yield Bond ETF JNK 4%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP 0.5%
Real Assets 8%
SPDR Dow Jones REIT ETF RWR 5%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX 1%
Cash 2%
Cash 2%
Equities 75%
Fixed Income 25%
Equities 72%
SPDR S&P 500 ETF SPY 21.5%
SPDR SSGA US Sector Rotation ETF XLSR 17.5%
SPDR Portfolio Small Cap ETF SPSM 4%
SPDR Portfolio Mid Cap ETF SPMD 3%
SPDR Portfolio World ex-US ETF SPDW 14%
SPDR Portfolio Emerging Markets ETF SPEM 6%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 3%
SPDR S&P Emerging Markets Small Cap ETF EWX 1%
Fixed Income 17%
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI 9%
SPDR Portfolio TIPS ETF SPIP 2%
SPDR Barclays Capital US High Yield Bond ETF JNK 4%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 9%
SPDR Dow Jones REIT ETF RWR 5.5%
SPDR Gold Shares GLD 2%
SPDR Dow Jones International Real Estate ETF RWX 1.5%
Cash 2%
Cash 2%
Equities 90%
Fixed Income 10%
Equities 87%
SPDR S&P 500 ETF SPY 24.5%
SPDR SSGA US Sector Rotation ETF XLSR 20.5%
SPDR Portfolio Small Cap ETF SPSM 5%
SPDR Portfolio Mid Cap ETF SPMD 4%
SPDR Portfolio World ex-US ETF SPDW 18%
SPDR Portfolio Emerging Markets ETF SPEM 7%
SPDR Portfolio Europe ETF SPEU 2%
SPDR S&P International Small Cap ETF GWX 4%
SPDR S&P Emerging Markets Small Cap ETF EWX 2%
Fixed Income 4%
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI -
SPDR Portfolio TIPS ETF SPIP -
SPDR Barclays Capital US High Yield Bond ETF JNK 3%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 1%
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 7%
SPDR Dow Jones REIT ETF RWR 4.5%
SPDR Gold Shares GLD 1%
SPDR Dow Jones International Real Estate ETF RWX 1.5%
Cash 2%
Cash 2%
Equities 98%
Fixed Income 2%
Equities 91%
SPDR S&P 500 ETF SPY 25%
SPDR SSGA US Sector Rotation ETF XLSR 22%
SPDR Portfolio Small Cap ETF SPSM 6%
SPDR Portfolio Mid Cap ETF SPMD 4%
SPDR Portfolio World ex-US ETF SPDW 18%
SPDR Portfolio Emerging Markets ETF SPEM 9%
SPDR Portfolio Europe ETF SPEU 1%
SPDR S&P International Small Cap ETF GWX 4%
SPDR S&P Emerging Markets Small Cap ETF EWX 2%
Fixed Income -
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI -
SPDR Portfolio TIPS ETF SPIP -
SPDR Barclays Capital US High Yield Bond ETF JNK -
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND -
SPDR FTSE International Government Inflation-Protected Bond ETF WIP -
Real Assets 7%
SPDR Dow Jones REIT ETF RWR 5%
SPDR Gold Shares GLD -
SPDR Dow Jones International Real Estate ETF RWX 2%
Cash 2%
Cash 2%

Source: State Street Global Advisors, as of November 12, 2019.

Prior to September 23, 2019, the SPDR Portfolio Europe ETF (SPEU) was known as the SPDR STOXX® Europe 50 ETF (FEU) and the SPDR Portfolio TIPS ETF (SPIP) was known as the SPDR Bloomberg Barclays TIPS ETF (IPE).

All asset allocation scenarios are for hypothetical purposes only and are not intended to represent a specific asset allocation strategy or recommend a particular allocation. Each investor's situation is unique and asset allocation decisions should be based on an investor's risk tolerance, time horizon and financial situation.

The strategy does not pursue any practices designed to cause the realization of losses in accounts invested pursuant to the strategy for the purpose of offsetting capital gains tax liabilities realized elsewhere in such accounts, a practice commonly referred to as "tax loss harvesting."

Tactical ETF Portfolios

  • State Street US Equity Sector Rotation ETF Portfolio

    Objective

    Seeks to add value over the S&P 500 Index using State Street Global Advisors' tactical asset allocation process to drive active positioning among S&P 500 sectors under all market conditions.

    Trading Frequency

    12-18 times per year

    Key Facts

    • Employs active allocation across sectors to add value over the S&P 500 Index using cost-effective index ETFs
    • Targets active risk of 100-300 bps
  • State Street Fixed Income Sector Rotation ETF Portfolio

    Objective

    Seeks to add value over the Bloomberg Barclays US Aggregate Bond Index by using State Street Global Advisors' tactical asset allocation process to drive active positioning in all market conditions.

    Trading Frequency

    12-18 times per year

    Key Facts

    • Employs active asset allocation primarily via index ETFs
    • Identifies tactical allocation opportunities in fixed income sectors to add value
    • Targets active risk of 100-200 bps
  • State Street Global Allocation ETF Portfolio

    Objective

    Seeks to provide excess return above a traditional balanced benchmark by using State Street Global Advisors' tactical asset allocation process to drive active positioning in all market conditions.

    Trading Frequency

    12-18 times per year

    Key Facts

    • Employs multi-asset class tactical allocation to add value via cost-effective ETFs
    • Offers broad exposure to global equities, bonds and real assets
    • Uses active asset allocation as driver of excess return
    • Targets active risk of 100-400 bps

Outcome-Based and Specialized ETF Portfolios

  • State Street Income Allocation ETF Portfolio

    Objective

    Seeks to generate a high level of income while diversifying to achieve favorable risk-adjusted returns. This diversification makes the portfolio appropriate to serve as a core income holding. The portfolio maintains its target allocation over time in efforts to provide a consistent risk profile, asset allocation and fund selection.

    Evaluation Frequency

    Annually

    Key Facts

    • Seeks to provide attractive income and favorable risk-adjusted returns primarily using ETFs
    • Offers a diversified mix of income investments that includes dividend-paying equities, investment grade fixed income, high yield bonds, bank loans, convertible bonds, preferred equities and REITS, including mortgage REITs
    • Employs a strategic asset allocation approach that evaluates target allocations and holdings on an annual basis

    Learn More

    Fact Sheet
  • State Street Global Allocation Target Risk ETF Portfolio

    Objective

    Seeks to provide a more favorable risk/return profile for a given portfolio over a full market cycle. State Street Global Advisors' tactical asset allocation approach uses a disciplined blend of quantitative and qualitative methods in seeking to add alpha. Meanwhile, Target Volatility Triggers (TVT) employ a systematic approach to target portfolio volatility to minimize drawdowns, preserve accumulated capital and deliver a more uniform realized risk.

    Trading Frequency

    12-18 times per year

    Key Facts

    • Employs active asset allocation primarily using index ETFs
    • Focuses on tactical allocation among asset classes to add value
    • Target active risk is 12% volatility across growth oriented assets, 7% target across bonds and offers downside protection with Target Volatility Triggers
  • State Street US Equity Sector Rotation Target Risk ETF Portfolio

    Objective

    Seeks to add value over the S&P 500 Index by leveraging State Street's tactical asset allocation process to drive active positioning among the sectors. Target Volatility Triggers (TVT), on the other hand, uses a systematic approach to target portfolio volatility in an effort to minimize drawdowns, preserve accumulated capital and deliver a more uniform realized risk.

    Trading Frequency

    12-18 times per year

    Key Facts

    • Active asset allocation using primarily index ETFs for implementation
    • Focus on identifying tactical allocation opportunities among sectors and TVT to add value
    • Targets active risk of 12% volatility and offers downside protection with Target Volatility Triggers
  • State Street Flexible Allocation ETF Portfolio

    Objective

    A multi-asset class strategy designed to generate growth and potentially provide downside risk mitigation by using State Street Global Advisors' Market Regime Indicator (MRI) and tactical asset allocation process to drive active positioning.

    Trading Frequency

    Weekly, as needed

    Key Facts

    • Employs active asset allocation primarily via index ETFs
    • Focuses on tactical allocation among asset classes to add value
  • State Street Multi Asset Real Return ETF Portfolio

    Objective

    Seeks to provide thoughtful exposure to real assets, diversification and additional return by using State Street Global Advisors' tactical asset allocation process to drive active positioning.

    Trading Frequency

    12-18 times per year

    Key Facts

    • Employs active asset allocation primarily via index ETFs
    • Focuses on multi asset class tactical allocation to add value
    • Targets active risk of 100-400 bps

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.

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