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SPDR Lehman 1-3 Month T-Bill ETF (BIL)
Fund Objective Why was this benchmark selected?
The objective of the SPDRŽ Lehman 1-3 Month T-Bill ETF is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Lehman Brothers 1-3 Month U.S. Treasury Bill Index (ticker: LD12TRUU).
  Market Price
  As of 08/19/2008
  Closing Price $45.90  
  Bid/Ask $45.88  
  Premium/Discount 0.06%  
  Day High $45.90  
  Day Low $45.89  
  Exchange Volume (shares) 26,100  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 08/19/2008
  Price $45.86  
  Shares Outstanding 8,000,281  
  Total Net Assets $366,870,725.36  
  Most Recent NAV / NAV History
  Performance  
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.

  Fund Before Taxes      Fund After Taxes
Month End Performance
Total Return * Index Market Value NAV
  As of 07/31/2008 As of 07/31/2008 As of 07/31/2008
QTD 0.17%   0.17%   0.14%  
YTD 1.24%   1.16%   1.18%  
Annualized      
1 Year 3.09%   2.92%   2.96%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 3.17%   3.26%   3.22%  
Quarter End Performance
Total Return Index Market Value NAV
  As of 06/30/2008 As of 06/30/2008 As of 06/30/2008
QTD 0.35%   0.31%   0.33%  
YTD 1.08%   0.99%   1.04%  
Annualized      
1 Year 3.31%   3.16%   3.18%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 3.26%   3.36%   3.34%  
Fund Inception Date: 05/25/2007
Top Holdings ‡
As of 08/19/2008
Security Name Fund
Weight
TREASURY BILL 0 09/04/2008 11.39%
TREASURY BILL 0 09/11/2008 11.39%
TREASURY BILL 0 10/23/2008 11.37%
TREASURY BILL 0 09/18/2008 11.14%
TREASURY BILL 0 10/09/2008 11.13%
TREASURY BILL 0 09/25/2008 10.89%
TREASURY BILL 0 10/02/2008 10.88%
TREASURY BILL 0 10/16/2008 10.88%
TREASURY BILL 0 10/30/2008 10.87%
View/Download All Holdings
  Top Sectors
  As of 08/19/2008
        View/Download All Holdings  
  Maturity Ladder
  As of 08/19/2008
  0-1 Years 100.00%  
  Quality Breakdown
  As of 08/19/2008
  Aaa 100.00%  
  Fund Characteristics
  As of 08/19/2008
  30 day SEC yield 1.53%  
  Average Credit Quality AAA  
  Average Life 0.12 yr  
  Number of Holdings 10  
  Portfolio Duration 0.12 yr  
  Fund Information
  As of 08/20/2008
  Ticker Symbol BIL  
  CUSIP 78464A680  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.1345%  
  Inception Date 05/25/2007  
  Primary Benchmark Lehman Brothers 1-3 Month U.S. Treasury Bill Index  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team T-Bill ETF Management Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly  
  Fund Documents
  Quarterly Fund Fact Sheet (.pdf)
  Fund Prospectus (.pdf)
  Statement of Additional Information (.pdf)
  Fund Semi-Annual Report (.pdf)
  Fund Annual Report (.pdf)
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‡ Subject to Change

Ordinary Brokerage Commissions Apply

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; and inflation risk.

Non-diversified funds that focus on a relatively small number of stocks/issuers tend to be more volatile than diversified funds and the market as a whole.

Except where indicated, all information is as of date noted and source of data is SSgA research.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETFs may be bought and sold on