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SPDR Lehman New York Municipal Bond ETF (INY)
Fund Objective Why was this benchmark selected?

The SPDR® Lehman New York Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Lehman Brothers Managed Money Municipal New York Index (ticker: LMM3TR). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.

Ordinary brokerage commissions may apply.
  Market Price
  As of 11/26/2008
  Closing Price $N/A  
  Bid/Ask $20.06  
  Premium/Discount -2.25%  
  Day High $N/A  
  Day Low $N/A  
  Exchange Volume (shares) N/A  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 11/28/2008
  Price $20.25  
  Shares Outstanding 600,010  
  Total Net Assets $12,148,027.05  
  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 10/31/2008 As of 10/31/2008 As of 10/31/2008
QTD -0.48%   1.58%   -0.27%  
YTD -5.42%   -6.90%   -4.67%  
Annualized      
1 Year -4.75%   -6.51%   -3.89%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception -3.51%   -4.51%   -3.39%  
Quarter End Performance
Total Return § Index Market Value NAV
  As of 09/30/2008 As of 09/30/2008 As of 09/30/2008
QTD -4.40%   -7.63%   -4.35%  
YTD -4.96%   -8.35%   -4.42%  
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 -3.33%   -6.25%   -3.32%  
Fund Inception Date: 10/11/2007
Top Holdings ‡
As of 11/28/2008
Security Name Fund
Weight
NEW YORK N Y 5.5 06/01/2020 9.49%
NEW YORK ST 5 04/15/2015 8.95%
NEW YORK ST ENVIRONMENTAL FACS 4.5 06/15/2036 6.23%
NEW YORK ST LOC GOVT ASSISTANC 5 04/01/2018 5.74%
NEW YORK ST DORM AUTH REVS ST 5 07/01/2038 4.63%
PUERTO RICO ELEC PWR AUTH PWR 5 07/01/2016 4.29%
NEW YORK ST URBAN DEV CORP REV 5 12/15/2022 4.29%
WESTCHESTER CNTY N Y 3.75 11/15/2012 4.27%
NEW YORK ST DORM AUTH ST PERS 5 12/15/2020 4.27%
SALES TAX ASSET RECEIVABLE 5 10/15/2020 4.20%
View/Download All Holdings
  Top Sectors
  As of 11/28/2008
        View/Download All Holdings  
  Maturity Ladder
  As of 11/28/2008
  0-1 Years 7.03%  
  3-5 Years 13.58%  
  5-7 Years 8.98%  
  7-10 Years 10.07%  
  10-15 Years 13.65%  
  15-20 Years 11.53%  
  20-30 Years 35.17%  
  Quality Breakdown
  As of 11/28/2008
  Aaa 39.96%  
  Aa 60.04%  
  Fund Characteristics
  As of 11/28/2008
  30 day SEC yield 4.35%  
  Tax Equivalent Yield 7.58%  
  Alternative Minimum Tax 0%  
  Current Yield 5.01%  
  Average Yield To Worst 4.59%  
  Yield To Maturity 4.60%  
  Average Credit Quality AA2  
  Average Life 13.79 yr  
  Average Coupon 5.00%  
  Number of Holdings 24  
  Portfolio Duration 9.21 yr  
  Fund Information
  As of 12/01/2008
  Ticker Symbol INY  
  CUSIP 78464A433  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.20%  
  Inception Date 10/11/2007  
  Primary Benchmark Lehman Managed Money Municipal New York Index  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team Municipal Bond ETF Management Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly  
  Fund Documents