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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR® FTSE International Government Inflation-Protected Bond ETF

WIP | ETF

$37.25

$414 M

5.55%

$2.07

0.50%

Vitals

YTD Return

-6.8%

1 yr return

-1.1%

3 Yr Avg Return

-5.1%

5 Yr Avg Return

-1.8%

Net Assets

$414 M

Holdings in Top 10

13.5%

52 WEEK LOW AND HIGH

$37.3
$37.15
$42.37

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR® FTSE International Government Inflation-Protected Bond ETF

WIP | ETF

$37.25

$414 M

5.55%

$2.07

0.50%

WIP - Profile

Distributions

  • YTD Total Return -6.8%
  • 3 Yr Annualized Total Return -5.1%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.57%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    SPDR® FTSE International Government Inflation-Protected Bond ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Mar 19, 2008
  • Shares Outstanding
    11100483
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cynthia Moy

Fund Description

In seeking to track the performance of the FTSE International Inflation-Linked Securities Select Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. In addition, in seeking to track the Index, the Fund may invest in debt securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the Index, the Fund's assets may be concentrated in an industry or
group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. The Fund may use derivatives, including credit default swaps and credit default index swaps, to obtain investment exposure that the Adviser expects to correlate closely with the Index, or a portion of the Index, and in managing cash flows.
The Index is designed to measure the total return performance of inflation-linked bonds outside the United States with fixed-rate coupon payments that are linked to an inflation index. Inflation-protected public obligations of the inflation-linked government bond markets of developed and emerging market countries, commonly known in the United States as TIPS, are securities issued by such governments that are designed to provide inflation protection to investors. The Index includes government debt (direct obligations of the issuer country) but does not include quasi-government debt or corporate debt. To be included in the Index, bonds must be linked to an inflation index and (i) meet a country-specific minimum issue size, depending on the currency in which the issue is denominated; (ii) have a fixed-rate stated coupon; (iii) have at least one year remaining to maturity at the Index rebalancing date; (iv) settle on or before the Index rebalancing date; and (v) be rated at least C by S&P Global Ratings (“S&P”) or at least Ca by Moody's Investors Service, Inc. (excluding defaulted issuers). Securities included in the Index may include securities that are subject to restrictions on resale under the U.S. federal securities laws (“restricted securities”).
The Index is a market-value weight, capped total return index, in which the maximum market capitalization-based weights of each individual country in the Index cannot exceed 22.5% of the total Index weight. The total market weights of countries with more than 4.6% market weight in the Index cannot collectively exceed 45% of the total Index weight and the number of countries with more than 4.6% market weight in the Index can be no less than five. If the combined weights of each country with more than 4.6% market weight exceeds 45% of the total Index weight, then the weights of those countries are reduced in proportion to each country's market capitalizations until they sum to 45%, and the weights of the remaining smaller countries are increased in proportion to each country's market capitalizations by the same amount. After the country weights are determined, constituents within each country are assigned weights in proportion to their market capitalization. When an issuer defaults, is assigned a D rating by S&P, or enters into Chapter 7 or Chapter 11 bankruptcy protection in the U.S. (or equivalent in its local market), its bonds remain in the Index until the end of the month. The Index is rebalanced monthly, on the last day of the month. Countries covered in the Index as of February 29, 2024 comprised: Australia, Brazil, Canada, Chile, Colombia, France, Germany, Israel, Italy, Japan, Mexico, New Zealand, South Africa, South Korea, Spain, Sweden, Turkey and the United Kingdom, although this may change from time to time. As of February 29, 2024, a significant portion of the Fund comprised companies located in Europe, the United Kingdom and the United States, although this may change from time to time. As of February 29, 2024, there were approximately 176 securities in the Index.
The Index is sponsored by FTSE Russell (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
Read More

WIP - Performance

Return Ranking - Trailing

Period WIP Return Category Return Low Category Return High Rank in Category (%)
YTD -6.8% -59.5% 0.9% 4.37%
1 Yr -1.1% -15.5% 19.7% 1.92%
3 Yr -5.1%* -4.3% 4.2% 2.49%
5 Yr -1.8%* -2.5% 4.1% 3.19%
10 Yr -0.6%* -3.0% 2.7% 35.43%

* Annualized

Return Ranking - Calendar

Period WIP Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -15.2% 0.9% 61.00%
2022 -23.4% -10.9% 12.2% 30.41%
2021 -8.3% -10.8% 14.8% 17.71%
2020 6.5% -15.3% 0.6% 95.95%
2019 5.9% -44.4% 14.4% 3.68%

Total Return Ranking - Trailing

Period WIP Return Category Return Low Category Return High Rank in Category (%)
YTD -6.8% -59.5% 0.9% 22.82%
1 Yr -1.1% -16.6% 30.5% 3.32%
3 Yr -5.1%* -5.2% 10.9% 4.83%
5 Yr -1.8%* -2.8% 7.4% 5.67%
10 Yr -0.6%* -3.0% 3.6% 35.36%

* Annualized

Total Return Ranking - Calendar

Period WIP Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -15.2% 0.9% 61.00%
2022 -15.6% -10.9% 12.2% 30.41%
2021 -4.1% -10.8% 14.8% 17.71%
2020 8.4% -15.3% 3.8% 95.95%
2019 8.6% -44.4% 14.4% 12.88%

WIP - Holdings

Concentration Analysis

WIP Category Low Category High WIP % Rank
Net Assets 414 M 74.5 K 14.7 B 49.02%
Number of Holdings 164 4 4562 76.78%
Net Assets in Top 10 50.6 M -112 M 3.66 B 52.61%
Weighting of Top 10 13.46% 4.7% 100.0% 94.23%

Top 10 Holdings

  1. Turkiye Government Bond 1.53%
  2. Spain Government Inflation Linked Bond 1.52%
  3. Deutsche Bundesrepublik Inflation Linked Bond 1.52%
  4. Spain Government Inflation Linked Bond 1.50%
  5. Deutsche Bundesrepublik Inflation Linked Bond 1.37%
  6. Spain Government Inflation Linked Bond 1.27%
  7. United Kingdom Inflation-Linked Gilt 1.23%
  8. New Zealand Government Inflation Linked Bond 1.22%
  9. Australia Government Bond 1.16%
  10. Sweden Inflation Linked Bond 1.14%

Asset Allocation

Weighting Return Low Return High WIP % Rank
Bonds 		99.50% 0.00% 220.33% 9.00%
Cash 		0.50% -130.07% 95.62% 90.05%
Stocks 		0.00% 0.00% 7.47% 81.04%
Preferred Stocks 		0.00% 0.00% 2.87% 74.41%
Other 		0.00% -9.71% 100.00% 72.04%
Convertible Bonds 		0.00% 0.00% 11.19% 98.10%

WIP - Expenses

Operational Fees

WIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.02% 3.65% 88.52%
Management Fee 0.50% 0.00% 2.08% 44.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

WIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 6.00% 354.00% 3.55%

WIP - Distributions

Dividend Yield Analysis

WIP Category Low Category High WIP % Rank
Dividend Yield 5.55% 0.00% 17.40% 1.42%

Dividend Distribution Analysis

WIP Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

WIP Category Low Category High WIP % Rank
Net Income Ratio 4.57% -1.08% 5.77% 2.94%

Capital Gain Distribution Analysis

WIP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

WIP - Fund Manager Analysis

Managers

Cynthia Moy

Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Cindy is a Principal at State Street Global Advisors, and a Portfolio Manager in the Fixed Income Beta Solutions group. She is responsible for managing government bond strategies. Previously, she was an analyst in the Government Solutions team, where she was responsible for credit surveillance of housing finance agency bonds. Cindy's other prior roles at State Street include work as an analyst in the Stable Value team, the Global Structured Products group, as well as the mutual funds division. Cindy holds a BA in Quantitative Economics from Tufts University.

James Kramer

Start Date

Tenure

Tenure Rank

Oct 31, 2016

5.58

5.6%

James Kramer is a Vice President of SSGA and SSGA FM and and a Senior Portfolio Manager in the Fixed Income Beta Solutions Group within the Global Fixed Income, Cash and Currency Team. In his current role, he is responsible for managing global treasuries, inflation and aggregate bond portfolios for ETFs, commingled funds and separately managed accounts. Prior to joining the Global Fixed Income, Cash and Currency Team, Mr. Kramer was the Head of North America Fixed Income Trading. He was responsible for a team of traders that execute all cash bonds and derivative instruments for the Active and Passive Fixed Income Groups. Prior to heading the trading desk, Mr. Kramer was a senior portfolio manager in the Interest Rate Strategies Group at SSGA. His primary responsibilities included the portfolio management of active government and inflation linked strategies. Other responsibilities included directing U.S. interest rate strategies globally for SSGA. Mr. Kramer has a Bachelor of Arts in Economics from Fitchburg State College. He started his career at State Street Bank and Trust Company and has been working in the investment industry since 1993.

Orhan Imer

Start Date

Tenure

Tenure Rank

Oct 31, 2017

4.58

4.6%

Orhan is a Vice President and a Senior Portfolio Manager for LDI & Multi-Sector Strategies with the Global Fixed Income, Cash & Currency (FICC) team at SSGA. Orhan is also a Senior Portfolio Manager with the Fixed Income Beta Solutions group with responsibilities for managing several fixed income funds and ETFs including Global Rates/Inflation, US Core and Credit portfolios. He is a member of the Technical Committee which oversees all SSGA's quantitative investment research. Prior to joining SSGA in 2017, Orhan held several roles during his tenure at Columbia Threadneedle Investments. Most r

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67

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