SPDR S&P 500® Buyback ETF

Data updated: 2020-06-01

C000151799 — SPDR S&P 500® Buyback ETF. Money Market · $17.56M AUM · 0.35% expense ratio. Holdings, fees, performance and SEC filings.

C000151799 Fund Overview

SPDR S&P 500® Buyback ETF is a US ETF managed by SPDR Series Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US ETF
Manager: SPDR Series Trust
Category: Money Market
Assets under management: $17.56M
SEC CIK: 0001064642
SEC series ID: S000048056
Share class ID: C000151799

C000151799 Investment Objective and Strategy

SPDR S&P 500® Buyback ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by SPDR Series Trust.

Investment objective

The SPDR S&P 500 Buyback ETF (the “Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded issuers that have a high buyback ratio.

Principal investment strategy

In seeking to track the performance of the S&P 500 Buyback Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.

Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the Index, the Fund's assets will generally be concentrated in an industry or group of industries to the extent that the Index concentrates in a particular industry or group of industries. The Index provides exposure to the 100 constituent companies in the S&P 500 with the highest buyback ratio in the last 12 months. The S&P 500 Index focuses on the large capitalization U.S.

equity market, including common stock and real estate investment trusts (REITs). The selection universe for the S&P 500 Index includes all U.S.-domiciled, as determined by S&P Dow Jones Indices LLC, common equities listed on the NYSE, NYSE Arca, NYSE American, NASDAQ Global Select Market, NASDAQ Select Market, Investors Exchange (IEX), NASDAQ Capital Market, Cboe BZX, Cboe BYX, Cboe EDGA, or Cboe EDGX with market capitalizations generally of $6.1 billion or more at the time of inclusion. The minimum required capitalization may be revised by the Index Provider (as defined below) at any time. A buyback occurs when a company buys back its own shares from the marketplace, reducing the number of shares outstanding. At each rebalancing reference date, the buyback ratio is defined as the monetary amount of cash paid for common shares bought back in the last four calendar quarters with interim reports available divided by the total market capitalization of common shares at the beginning of the buyback period.

Constituents are equally weighted and the Index is rebalanced quarterly. The rebalancing reference dates are the last trading day of March, June, September and December. Index rebalancings are effective after market close on the third Friday of the month following the reference date. As of August 31, 2018, a significant portion of the Fund comprised companies in the consumer discretionary, financial and technology sectors, although this may change from time to time. As of August 31, 2018, the Index comprised 101 stocks. The Index is sponsored by S&P Dow Jones Indices LLC (the Index Provider), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.

C000151799 Costs and Fees

C000151799 costs about $35 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.35%
Gross expense ratio: 0.35%
Portfolio turnover: 72%
Brokerage commissions: 1.51 bps of average net assets (SEC N-CEN)

C000151799 Cashflows

Over the 12 months to 2020-03, SPDR S&P 500® Buyback ETF had net inflows of $3.55M, from monthly SEC N-PORT filings.

Month	Net flow
2020-03	$0
2020-02	$0
2020-01	$3.67M
2019-12	$0
2019-11	−$1.79M
2019-10	$1.68M

C000151799 Debt Constituents

No individual debt constituents are reported in SPDR S&P 500® Buyback ETF's latest SEC N-PORT filing.

C000151799 Prospectus and SEC Filings

Official SPDR S&P 500® Buyback ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.