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SPDR Lehman California Municipal Bond ETF (CXA)
Fund Objective Why was this benchmark selected?

The objective of the SPDRŽ Lehman California Municipal Bond ETF is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Lehman Brothers Managed Money Municipal California Index. 

  Market Price
  As of 08/19/2008
  Closing Price $21.93  
  Bid/Ask $21.89  
  Premium/Discount -0.12%  
  Day High $21.93  
  Day Low $21.93  
  Exchange Volume (shares) 500  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 08/19/2008
  Price $21.93  
  Shares Outstanding 1,000,000  
  Total Net Assets $21,925,911.81  
  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 0.13%   -0.57%   0.20%  
YTD -0.77%   -1.03%   -0.54%  
Annualized      
1 Year N/A   N/A   N/A  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 0.95%   0.93%   0.75%  
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 1.21%   3.47%   1.16%  
YTD -0.90%   -0.46%   -0.74%  
Annualized      
1 Year N/A   N/A   N/A  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 0.82%   1.51%   0.54%  
Fund Inception Date: 10/10/2007
Top Holdings ‡
As of 08/19/2008
Security Name Fund
Weight
CALIFORNIA ST DEPT WTR RES PWR 5.5 05/01/2013 5.07%
NORTH ORANGE CNTY CALIF CMNTY 5 08/01/2015 5.02%
CALIFORNIA ST ECONOMIC RECOVER 5 07/01/2015 4.99%
SACRAMENTO CALIF MUN UTIL DIST 5 08/15/2023 4.79%
LOS ANGELES CALIF UNI SCH DIST 5 07/01/2022 4.78%
SAN DIEGO CALIF CMNTY COLLEGE 5 08/01/2032 4.64%
LOS ANGELES CALIF CMNTY COLLEG 5 08/01/2032 4.59%
LOS ANGELES CALIF WTR & PWR RE 5 07/01/2023 4.33%
SAN FRANCISCO CALIF CMNTY 5.25 06/15/2012 3.99%
BAY AREA TOLL AUTH CALIF TOLL 5 04/01/2025 3.85%
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 1.17%  
  3-5 Years 15.08%  
  5-7 Years 10.01%  
  7-10 Years 2.43%  
  10-15 Years 23.55%  
  15-20 Years 15.00%  
  20-30 Years 29.08%  
  30+ Years 3.68%  
  Quality Breakdown
  As of 08/19/2008
  Aaa 37.13%  
  Aa 57.59%  
  A 5.28%  
  Fund Characteristics
  As of 08/19/2008
  30 day SEC yield 4.17%  
  Tax Equivalent Yield 7.19%  
  Alternative Minimum Tax 0%  
  Current Yield 4.43%  
  Average Yield To Worst 4.24%  
  Yield To Maturity 4.36%  
  Average Credit Quality AA2  
  Average Life 9.39 yr  
  Average Coupon 4.68%  
  Number of Holdings 34  
  Portfolio Duration 10.08 yr  
  Fund Information
  As of 08/20/2008
  Ticker Symbol CXA  
  CUSIP 78464A441  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.20%  
  Inception Date 10/10/2007  
  Primary Benchmark Lehman Managed Money Municipal California Index  
  Investment Manager State Street Global Advisors  
  Management Team Municipal Bond ETF Management Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly