SPDR S&P® Dividend ETF

Strategy: The SPDR S&P® Dividend 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 historically followed a policy of making dividend payments. In seeking to track the performance of the S&P High Yield Dividend Aristocrats 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. The Index is designed to measure the performance of the highest dividend yielding S&P Composite 1500® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years.

Risk: As with all investments, there are certain risks of investing in the Fund. The Fund's shares will change in value, and you could lose money by investing in the Fund. The market prices of equity securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. The value of a security may decline for a number of reasons that may directly relate to the issuer and also may decline due to general industry or market conditions that are not specifically related to a particular company. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. The Fund may be subject to additional risks, including dividend paying securities risk, financial sector risk, index tracking risk, industrial sector risk, market risk, non-diversification risk, passive strategy/index risk, and unconstrained sector risk as defined in the Fund's underlying prospectus. Further information on the investment strategies, risks and policies of this Fund can be found in the Fund's prospectus and statement of additional information, which is available from the Program Manager upon request.

Prices and Performance: Click here to review.

Expense Ratio: The estimated overall expense ratio for this Portfolio is:

CLASS A
Underlying Estimated Fund Expenses:1 0.35%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
Marketing and Distribution Fee: 0.25%
TOTAL: 0.87%
 
CLASS C
Underlying Estimated Fund Expenses:1 0.35%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
Marketing and Distribution Fee: 1.00%
TOTAL: 1.62%

 

Click to Review: Fact SheetProspectusAnnual Report

1 As of May 31, 2018.

Historical prices: Search for historical price information