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Critical Facts You Need to Know About Preferred Stocks
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SPDR SSGA Multi-Asset Real Return ETF
Active ETF
RLY
Payout Change
Pending
Price as of:
$29.01
-0.05
-0.17%
primary theme
N/A
RLY (ETF)
SPDR SSGA Multi-Asset Real Return ETF
Payout Change
Pending
Price as of:
$29.01
-0.05
-0.17%
primary theme
N/A
RLY (ETF)
SPDR SSGA Multi-Asset Real Return ETF
Payout Change
Pending
Price as of:
$29.01
-0.05
-0.17%
primary theme
N/A
Name
As of 10/14/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.3%
1 yr return
12.5%
3 Yr Avg Return
5.8%
5 Yr Avg Return
8.8%
Net Assets
$542 M
Holdings in Top 10
105.8%
52 WEEK LOW AND HIGH
$29.1
$25.99
$29.18
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 49.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/14/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RLY - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.56%
- Dividend Yield 1.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR SSGA Multi-Asset Real Return ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateApr 25, 2012
-
Shares Outstanding13710000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Guiliano
Fund Description
Under normal circumstances, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”) invests at least 80% of the net assets of the Fund among exchange traded products (“ETPs”) that provide exposure to the following primary asset classes: (i) inflation protected securities issued by the United States government, its agencies and/or instrumentalities, as well as inflation protected securities issued by foreign governments, agencies, and/or instrumentalities; (ii) domestic and international real estate securities; (iii) commodities; (iv) publicly-traded domestic and international infrastructure companies; and (v) publicly-traded domestic and international companies in natural resources and/or commodities businesses. Publicly-traded companies in infrastructure businesses may include energy, industrial, and utility companies. Publicly-traded companies in natural resources and/or commodities businesses may include agriculture, energy, and metals and mining companies. The Fund's allocation among these asset classes will be in proportions consistent with the Adviser's evaluation of the expected returns and risks of each asset class as well as the allocation that, in the Adviser's view, will best meet the Fund's investment objective. The Adviser's investment process relies on proprietary quantitative models as well as the Adviser's fundamental views regarding qualitative factors that may not be captured by the quantitative models. The allocations to each asset class will change over time as the Adviser's expectations of each asset class shift. The Fund's indirect holdings by virtue of investing in ETPs representing those asset classes will consist of a diversified mix of domestic and international equity securities, including emerging markets, government bonds, inflation protected securities, commodities and real estate investment trusts (“REITs”). The Fund may invest in ETPs that gain exposure to commodities through the use of derivatives. The Adviser considers real return to be a rate of return above the rate of inflation over a market cycle.
ETPs in which the Fund invests include exchange-traded funds registered under the Investment Company Act of 1940, as amended (the “1940 Act”) (“Underlying ETFs”), exchange traded commodity trusts; and exchange traded notes “ETNs”). The Fund may invest in ETPs that are qualified publicly traded partnerships (“QPTPs”). In addition, the Fund may invest in certain ETPs that pay fees to the Adviser and its affiliates for management, marketing or other services. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as money market funds (including money market funds advised by the Adviser).
RLY - Performance
Return Ranking - Trailing
| Period | RLY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -23.7% | 16.4% | 4.29% |
| 1 Yr | 12.5% | -8.9% | 48.3% | 0.86% |
| 3 Yr | 5.8%* | -2.2% | 16.4% | 1.34% |
| 5 Yr | 8.8%* | -0.7% | 13.4% | 6.07% |
| 10 Yr | 4.4%* | 0.9% | 11.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | RLY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.2% | -40.8% | 20.6% | 26.16% |
| 2022 | 2.0% | -21.0% | 24.5% | 83.14% |
| 2021 | 9.5% | -24.2% | 27.8% | 63.08% |
| 2020 | -2.9% | -23.1% | 11.7% | 81.34% |
| 2019 | 11.7% | -100.0% | 20.6% | 67.03% |
Total Return Ranking - Trailing
| Period | RLY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -23.7% | 16.4% | 1.29% |
| 1 Yr | 12.5% | -12.8% | 48.3% | 0.64% |
| 3 Yr | 5.8%* | -3.4% | 16.4% | 1.09% |
| 5 Yr | 8.8%* | -1.1% | 13.4% | 5.26% |
| 10 Yr | 4.4%* | 0.9% | 11.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RLY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.6% | -40.8% | 20.6% | 26.16% |
| 2022 | 7.8% | -21.0% | 24.5% | 83.14% |
| 2021 | 22.9% | -24.2% | 27.8% | 64.49% |
| 2020 | -0.6% | -23.1% | 11.7% | 87.10% |
| 2019 | 15.6% | -2.9% | 23.1% | 86.10% |
RLY - Holdings
Concentration Analysis
| RLY | Category Low | Category High | RLY % Rank | |
|---|---|---|---|---|
| Net Assets | 542 M | 1.12 M | 110 B | 56.80% |
| Number of Holdings | 13 | 2 | 10961 | 93.74% |
| Net Assets in Top 10 | 542 M | -31.7 M | 22 B | 35.91% |
| Weighting of Top 10 | 105.78% | 10.8% | 100.0% | 6.43% |
Top 10 Holdings
- SPDR SP Global Natural Resources ETF 28.37%
- SPDR SP Global Infrastructure ETF 24.56%
- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 17.15%
- SPDR Bloomberg 1-10 Year TIPS ETF 8.18%
- Energy Select Sector SPDR Fund 6.66%
- State Street Navigator Securities Lending Portfolio II 6.65%
- SPDR Bloomberg 1-3 Month T-Bill ETF 5.54%
- SPDR FTSE International Government Inflation-Protected Bond ETF 5.08%
- SPDR SP Metals Mining ETF 3.08%
- SPDR Dow Jones REIT ETF 0.53%
Asset Allocation
| Weighting | Return Low | Return High | RLY % Rank | |
|---|---|---|---|---|
| Stocks | 99.86% | -45.72% | 98.42% | 46.35% |
| Cash | 6.79% | -97.12% | 185.58% | 13.99% |
| Preferred Stocks | 0.00% | -0.03% | 14.00% | 81.42% |
| Other | 0.00% | -1.25% | 197.12% | 20.67% |
| Convertible Bonds | 0.00% | 0.00% | 25.49% | 86.01% |
| Bonds | 0.00% | -39.76% | 93.84% | 78.08% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RLY % Rank | |
|---|---|---|---|---|
| Energy | 29.19% | 0.00% | 38.61% | 3.61% |
| Basic Materials | 24.06% | 0.00% | 60.23% | 1.27% |
| Industrials | 15.25% | 0.09% | 32.39% | 11.68% |
| Utilities | 14.38% | 0.00% | 40.29% | 9.13% |
| Real Estate | 12.33% | 0.00% | 90.14% | 22.29% |
| Consumer Cyclical | 2.66% | 0.00% | 20.84% | 86.41% |
| Consumer Defense | 2.04% | 0.00% | 31.85% | 88.54% |
| Healthcare | 0.09% | 0.00% | 30.30% | 90.87% |
| Technology | 0.00% | 0.00% | 39.48% | 97.66% |
| Financial Services | 0.00% | 0.00% | 30.34% | 94.69% |
| Communication Services | 0.00% | 0.00% | 28.59% | 97.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RLY % Rank | |
|---|---|---|---|---|
| US | 99.86% | -4.82% | 95.75% | 53.24% |
| Non US | 0.00% | -46.69% | 57.06% | 29.44% |
RLY - Expenses
Operational Fees
| RLY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.16% | 2.71% | 94.78% |
| Management Fee | 0.50% | 0.00% | 1.70% | 34.05% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| RLY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| RLY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RLY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 49.00% | 0.00% | 441.00% | 35.89% |
RLY - Distributions
Dividend Yield Analysis
| RLY | Category Low | Category High | RLY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.06% | 0.00% | 10.92% | 0.21% |
Dividend Distribution Analysis
| RLY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| RLY | Category Low | Category High | RLY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.56% | -5.20% | 6.33% | 21.57% |
Capital Gain Distribution Analysis
| RLY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 24, 2024 | $0.077 | OrdinaryDividend |
| Jun 25, 2024 | $0.347 | OrdinaryDividend |
| Mar 19, 2024 | $0.031 | OrdinaryDividend |
| Dec 19, 2023 | $0.547 | OrdinaryDividend |
| Sep 19, 2023 | $0.063 | OrdinaryDividend |
| Jun 20, 2023 | $0.296 | OrdinaryDividend |
| Mar 21, 2023 | $0.102 | OrdinaryDividend |
| Dec 20, 2022 | $1.011 | OrdinaryDividend |
| Sep 20, 2022 | $0.100 | OrdinaryDividend |
| Jun 21, 2022 | $0.362 | OrdinaryDividend |
| Mar 22, 2022 | $0.087 | OrdinaryDividend |
| Dec 28, 2021 | $2.927 | OrdinaryDividend |
| Sep 21, 2021 | $0.099 | OrdinaryDividend |
| Jun 22, 2021 | $0.217 | OrdinaryDividend |
| Mar 23, 2021 | $0.037 | OrdinaryDividend |
| Dec 29, 2020 | $0.261 | OrdinaryDividend |
| Sep 22, 2020 | $0.035 | OrdinaryDividend |
| Jun 23, 2020 | $0.167 | OrdinaryDividend |
| Mar 24, 2020 | $0.070 | OrdinaryDividend |
| Dec 24, 2019 | $0.465 | OrdinaryDividend |
| Sep 24, 2019 | $0.101 | OrdinaryDividend |
| Jun 25, 2019 | $0.272 | OrdinaryDividend |
| Mar 19, 2019 | $0.040 | OrdinaryDividend |
| Dec 27, 2018 | $0.289 | OrdinaryDividend |
| Sep 24, 2018 | $0.096 | OrdinaryDividend |
| Jun 25, 2018 | $0.214 | OrdinaryDividend |
| Mar 23, 2018 | $0.028 | OrdinaryDividend |
| Dec 27, 2017 | $0.229 | OrdinaryDividend |
| Sep 29, 2017 | $0.053 | OrdinaryDividend |
| Jun 30, 2017 | $0.188 | OrdinaryDividend |
| Mar 31, 2017 | $0.020 | OrdinaryDividend |
| Dec 28, 2016 | $0.245 | OrdinaryDividend |
| Sep 30, 2016 | $0.089 | OrdinaryDividend |
| Jun 30, 2016 | $0.115 | OrdinaryDividend |
| Mar 31, 2016 | $0.057 | OrdinaryDividend |
| Dec 29, 2015 | $0.144 | OrdinaryDividend |
| Sep 30, 2015 | $0.037 | OrdinaryDividend |
| Jun 30, 2015 | $0.200 | OrdinaryDividend |
| Mar 31, 2015 | $0.019 | OrdinaryDividend |
| Dec 29, 2014 | $0.143 | OrdinaryDividend |
| Sep 30, 2014 | $0.072 | OrdinaryDividend |
| Jun 30, 2014 | $0.234 | OrdinaryDividend |
| Mar 31, 2014 | $0.055 | OrdinaryDividend |
| Dec 27, 2013 | $0.284 | OrdinaryDividend |
| Sep 30, 2013 | $0.051 | OrdinaryDividend |
| Jun 28, 2013 | $0.263 | OrdinaryDividend |
| Mar 28, 2013 | $0.027 | OrdinaryDividend |
| Dec 27, 2012 | $0.281 | OrdinaryDividend |
| Sep 28, 2012 | $0.081 | OrdinaryDividend |
| Jun 29, 2012 | $0.197 | OrdinaryDividend |
RLY - Fund Manager Analysis
Managers
Robert Guiliano
Start Date
Tenure
Tenure Rank
Apr 25, 2012
10.1
10.1%
Robert Guiliano is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Investment Solutions Group (ISG). He joined SSGA in 1997 and his responsibilities include the management of real asset, tactical, and strategic multi-asset allocation strategies as well as conducting research, product development, and advising institutional clients on investment policy. Prior to joining ISG, Mr. Guiliano was a portfolio manager/analyst in the Product Engineering Group supporting the global asset allocation and currency investment management teams. Previously, he worked as an investment marketing analyst for SSGA's Defined Contribution Group, CitiStreet. Prior to SSGA, he worked as an assistant relationship representative at Funds Distributor Inc. Before entering investment management in 1996, Mr. Guiliano worked as a construction and environmental project manager for ExxonMobil Corporation for seven years. Mr. Guiliano earned a Master of Business Administration from Boston University in 1996 with a concentration in Finance and Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute in 1989 with a Minor in Economics. He is a member of the Chartered Financial Analyst (CFA) Institute and CFA Society Boston, Inc.
Michael Narkiewicz
Start Date
Tenure
Tenure Rank
Oct 31, 2020
1.58
1.6%
Michael Narkiewicz is a Principal of SSGA and SSGA FM and a Portfolio Manager in the Investment Solutions Group (ISG), where he is responsible for implementing customized investment approaches, including strategic and tactical multi-asset class solutions, for institutional clients. Prior to his current role, Mr. Narkiewicz was a portfolio specialist within the Global Product and Marketing Group. In that role, he focused on supporting passive equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies. Before joining SSGA, Mr. Narkiewicz was a senior portfolio analyst at Shepherd Kaplan and an equity trader at Congress Asset Management. He holds a Bachelor of Science degree in Finance from Bentley University and a Master of Business Administration with a concentration in Finance from the D’Amore-McKim School of Business at Northeastern University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 30.27 | 6.52 | 9.25 |
