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SPDR Lehman High Yield Bond ETF (JNK)
Fund Objective Why was this benchmark selected?

The SPDR® Lehman High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Lehman Brothers High Yield Very Liquid Index (ticker: LHVLTRUU). 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 $28.83  
  Bid/Ask $28.73  
  Premium/Discount 3.80%  
  Day High $28.84  
  Day Low $28.04  
  Exchange Volume (shares) 89,969  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 11/28/2008
  Price $27.81  
  Shares Outstanding 16,200,000  
  Total Net Assets $450,491,038.07  
  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 -17.85%   -19.01%   -17.12%  
YTD -27.89%   -29.96%   -28.94%  
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 -27.20%   -28.59%   -28.70%  
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 -11.24%   -8.90%   -11.22%  
YTD -12.22%   -13.52%   -14.27%  
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 -11.38%   -11.82%   -13.98%  
Fund Inception Date: 11/28/2007
Top Holdings ‡
As of 11/28/2008
Security Name Fund
Weight
CDX HY 10 T 8.875 06/29/2013 6.11%
CHS/COMMUNITY HEALTH SYS 8.875 07/15/2015 3.91%
HCA INC 9.25 11/15/2016 3.91%
TEXAS COMP ELEC HOLD LLC 10.5 11/01/2015 2.91%
NRG ENERGY INC 7.375 02/01/2016 2.84%
INTELSAT JACKSON HLDG 11.25 06/15/2016 2.35%
FIRST DATA CORPORATION 9.875 09/24/2015 2.22%
WINDSTREAM CORP 8.625 08/01/2016 2.07%
SABINE PASS LNG LP 7.5 11/30/2016 1.72%
METROPCS WIRELESS INC 9.25 11/01/2014 1.71%
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 1.71%  
  1-2 Years 1.12%  
  2-3 Years 0.19%  
  3-5 Years 10.61%  
  5-7 Years 38.39%  
  7-10 Years 44.77%  
  10-15 Years 2.08%  
  20-30 Years 1.14%  
  Quality Breakdown
  As of 11/28/2008
  Aaa 1.71%  
  Below Baa 98.29%  
  Fund Characteristics
  As of 11/28/2008
  30 day SEC yield 19.50%  
  Current Yield 14.99%  
  Average Yield To Worst 19.17%  
  Yield To Maturity 19.18%  
  Average Credit Quality B2  
  Average Life 7.03 yr  
  Average Coupon 8.70%  
  Number of Holdings 116  
  Portfolio Duration 4.61 yr  
  Fund Information
  As of 12/01/2008
  Ticker Symbol JNK  
  CUSIP 78464A417  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.40%  
  Inception Date 11/28/2007  
  Primary Benchmark Lehman US High Yield Very Liquid Index  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team FI ETF Management Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly  
  Fund Documents
  Quarterly Fund Fact Sheet (.pdf)