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Smart Beta

Combines the discipline of passive management with the outperformance-generating potential of active management.

SPDR Russell 1000 Yield Focus ETF

Important Risk Information

Ticker: ONEY

Gross Expense Ratio: 0.20%*

Key Attributes:

  • The SPDR Russell 1000 Focus ETFs seek to harness the full power of factor investing to meet specific investor objectives and address some of the main motivations for using smart beta: in the case of ONEY, income generation
  • ONEY seeks to follow the Russell 1000 Yield Focused Factor Index^, which employs a unique proprietary methodology that is designed to isolate and preserve certain heightened factor exposures
  • The focus on income potentially enables the collection of above average dividend payments to boost total returns and provide a diversified source of income
  • Smart beta strategy utilizes alternative-weighting methodologies to tilt portfolios towards certain factors, providing a potential opportunity to achieve a particular investment objective — which may help investors construct more sophisticated portfolios

Research, commentary and information available for this fund:

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*The gross expense ratio is the fund’s total annual operating expenses ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund’s most recent prospectus.

^The Index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high yield characteristics (the “Factor Characteristics”). To construct the Index, Frank Russell Company (“Index Provider”) utilizes a proprietary rules-based multi-factor scoring process that seeks to increase exposure (or “tilt”) to companies in the Russell 1000 Index demonstrating the Factor Characteristics. The Russell 1000 Index is a market-capitalization index that measures the performance of the large-cap segment of the U.S. equity universe. Within the multi-factor scoring process, a specific focus is applied towards a company’s yield factor. Each stock’s combined multi-factor score is multiplied by the stock’s free float market cap weight in the Russell 1000 Index to determine the constituents of the Index and each constituent’s weight in the Index. Companies in the Russell 1000 Index are excluded from the Index if they do not meet a minimum weight in the Index. A company’s yield factor score is based on 12-month trailing dividend yield as of the last business day of the month prior to the Index rebalancing month. A company’s value factor score is based on cash flow yield, earnings yield, and sales to price ratio, calculated based on the company’s total market capitalization and information reported in the company’s most recent annual financial statement as of the last business day of the month prior to the Index rebalancing month. A company’s quality factor score is based on return on assets, change in asset turnover, accruals, and leverage, calculated based on information reported in the company’s most recent annual financial statement as of the last business day of the month prior to the Index rebalancing month. A company’s size factor score is based on total market capitalization as of the last business day of the month prior to the Index rebalancing month.

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Frequent trading of Exchange Traded Funds (ETFs) could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. In general, ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

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Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.


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Not FDIC Insured - No Bank Guarantee - May Lose Value