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SPDR Lehman Short Term Municipal Bond ETF (SHM)
Fund Objective Why was this benchmark selected?

The SPDR® Lehman Short Term 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 Short Term Index (ticker: LMM1TR). 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 $23.16  
  Bid/Ask $23.12  
  Premium/Discount -0.17%  
  Day High $24.20  
  Day Low $23.01  
  Exchange Volume (shares) 68,967  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 11/28/2008
  Price $23.09  
  Shares Outstanding 8,800,077  
  Total Net Assets $203,155,249.18  
  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 0.06%   1.11%   0.09%  
YTD 2.62%   2.21%   2.30%  
Annualized      
1 Year 3.95%   3.68%   3.68%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 4.60%   3.77%   3.73%  
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 0.78%   -0.47%   0.67%  
YTD 2.55%   1.09%   2.21%  
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 4.92%   2.86%   3.86%  
Fund Inception Date: 10/10/2007
Top Holdings ‡
As of 11/28/2008
Security Name Fund
Weight
NORTH CAROLINA ST 5.5 03/01/2012 2.72%
NORTH CAROLINA INFRASTRUCTURE 5 02/01/2011 2.64%
NEW YORK N Y 5 08/01/2012 2.63%
WISCONSIN ST 4 05/01/2013 2.57%
CLARK CNTY NEV HWY IMPT REV 5 07/01/2012 2.31%
CALIFORNIA ST ECONOMIC RECOVER 5 07/01/2023 2.22%
ILLINOIS ST TOLL HWY AUTH TOLL 5 01/01/2014 2.16%
PHOENIX ARIZ CIVIC IMPT CORP T 5 07/01/2013 2.14%
VIRGINIA ST PUB BLDG AUTH PUB 5 08/01/2012 1.81%
SALEM-KEIZER ORE SCH DIST NO 5 06/15/2013 1.63%
View/Download All Holdings
  Top Sectors
  As of 11/28/2008
        View/Download All Holdings  
  Top 10 States
  As of 11/28/2008
  NEW YORK-NY 12.00%  
  TEXAS-TX 8.27%  
  NORTH CAROLINA-NC 6.96%  
  CALIFORNIA-CA 6.74%  
  GEORGIA-GA 6.13%  
  ARIZONA-AZ 6.11%  
  VIRGINIA-VA 5.11%  
  OHIO-OH 4.75%  
  ILLINOIS-IL 4.62%  
  WASHINGTON-WA 3.96%  
  Maturity Ladder
  As of 11/28/2008
  0-1 Years 7.27%  
  1-2 Years 15.63%  
  2-3 Years 21.32%  
  3-5 Years 53.62%  
  5-7 Years 2.16%  
  Quality Breakdown
  As of 11/28/2008
  Aaa 41.93%  
  Aa 57.02%  
  A 1.05%  
  Fund Characteristics
  As of 11/28/2008
  30 day SEC yield 2.58%  
  Tax Equivalent Yield 4.08%  
  Alternative Minimum Tax 0%  
  Current Yield 4.58%  
  Average Yield To Worst 2.65%  
  Yield To Maturity 2.65%  
  Average Credit Quality AA2  
  Average Life 3.00 yr  
  Average Coupon 4.85%  
  Number of Holdings 110  
  Portfolio Duration 2.74 yr  
  Fund Information
  As of 12/01/2008
  Ticker Symbol SHM  
  CUSIP 78464A425