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

The SPDR® Lehman 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 Municipal Managed Money Index (ticker: LMMITR). 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 $20.83  
  Bid/Ask $20.81  
  Premium/Discount 0.00%  
  Day High $21.12  
  Day Low $20.71  
  Exchange Volume (shares) 72,672  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 11/28/2008
  Price $20.82  
  Shares Outstanding 14,600,661  
  Total Net Assets $303,940,507.36  
  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 10/31/2008 As of 10/31/2008 As of 10/31/2008
QTD -0.07%   0.40%   -0.09%  
YTD -3.79%   -4.51%   -3.89%  
Annualized      
1 Year -2.59%   -2.88%   -2.41%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception -2.26%   -2.70%   -2.41%  
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 -3.51%   -3.88%   -3.36%  
YTD -3.72%   -4.89%   -3.80%  
Annualized      
1 Year -2.10%   -2.88%   -1.95%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception -2.37%   -3.27%   -2.52%  
Fund Inception Date: 09/11/2007
Top Holdings ‡
As of 11/28/2008
Security Name Fund
Weight
NEW YORK ST TWY AUTH SECOND 5 04/01/2019 1.85%
CLARK CNTY NEV SCH DIST 5 06/15/2017 1.69%
MASSACHUSETTS ST WTR RES AUTH 5.125 08/01/2026 1.67%
CYPRESS-FAIRBANKS TEX INDPT SC 5 02/15/2023 1.67%
CHICAGO ILL MET WTR RECLAMATIO 5.25 12/01/2032 1.66%
JEA FLA BULK POWER SUPPLY SYST 5.625 10/01/2033 1.58%
NEW YORK ST DORM AUTH ST PERS 5 03/15/2028 1.56%
OMAHA PUB PWR DIST NEB ELEC RE 5 02/01/2039 1.50%
AUSTIN TEX ELEC UTIL SYS REV 5 11/15/2035 1.49%
CALIFORNIA ST UNIV REV 4.5 11/01/2044 1.48%
View/Download All Holdings
  Top Sectors
  As of 11/28/2008
  Top 10 States
  As of 11/28/2008
  NEW YORK-NY 17.02%  
  CALIFORNIA-CA 12.69%  
  TEXAS-TX 11.08%  
  MASSACHUSETTS-MA 6.32%  
  NEVADA-NV 5.49%  
  ILLINOIS-IL 4.70%  
  WASHINGTON-WA 3.57%  
  FLORIDA-FL 3.30%  
  NORTH CAROLINA-NC 2.81%  
  MARYLAND-MD 2.28%  
  Quality Breakdown
  As of 11/28/2008
  Aaa 39.98%  
  Aa 55.85%  
  A 2.73%  
  Baa 0.09%  
  Not Rated 1.34%  
  Fund Characteristics
  As of 11/28/2008
  30 day SEC yield 4.22%  
  Tax Equivalent Yield 7.01%  
  Alternative Minimum Tax 0%  
  Current Yield 4.96%  
  Average Yield To Worst 4.56%  
  Yield To Maturity 4.58%  
  Average Credit Quality AA2  
  Average Life 12.85 yr  
  Average Coupon 4.95%  
  Number of Holdings 163  
  Portfolio Duration 9.13 yr  
  Fund Information
  As of 12/01/2008
  Ticker Symbol TFI  
  CUSIP 78464A458  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.30%  
  Net Expense Ratio♦ 0.20%  
  Inception Date 09/11/2007  
  Primary Benchmark Lehman Brothers Municipal Managed Money Index  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team