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SPDR DJ Wilshire Mid Cap ETF (EMM)
Fund Objective Why was this benchmark selected?

The SPDRŽ DJ Wilshire Mid Cap ETF, before expenses, seeks to closely match the returns and characteristics of the Dow Jones Wilshire Mid Cap Index (ticker: DWMT). 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 07/03/2008
  Closing Price $N/A  
  Bid/Ask $50.10  
  Premium/Discount 299.30%  
  Day High $N/A  
  Day Low $N/A  
  Exchange Volume (shares) N/A  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 07/03/2008
  Price $50.12  
  Shares Outstanding 400,000  
  Total Net Assets $20,047,216.95  
  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 05/31/2008 As of 05/31/2008 As of 05/31/2008
QTD 11.00%   11.09%   10.98%  
YTD 0.88%   0.63%   0.85%  
Annualized      
1 Year -6.46%   -6.31%   -6.35%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 9.44%   9.41%   9.40%  
Quarter End Performance
Total Return Index Market Value NAV
  As of 03/31/2008 As of 03/31/2008 As of 03/31/2008
QTD -9.12%   -9.42%   -9.13%  
YTD -9.12%   -9.42%   -9.13%  
Annualized      
1 Year -8.74%   -8.80%   -8.67%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 5.47%   5.37%   5.40%  
Fund Inception Date: 11/08/2005
Top Holdings ‡
As of 07/03/2008
Security Name Shares
Held
Fund
Weight
Petrohawk Energy Corp 3,288 0.77%
Cleveland Cliffs Inc 1,365 0.64%
Helmerich & Payne Inc 1,437 0.49%
Cabot Oil & Gas Corp 1,462 0.46%
Massey Energy Corp 1,214 0.46%
Alpha Natural Resources Inc 1,060 0.45%
Safeco Corp 1,349 0.45%
Ak Stl Hldg Corp 1,678 0.44%
Flir Sys Inc 2,070 0.44%
Forest Oil Corp 1,200 0.44%
View/Download All Holdings
  Top Sectors
  As of 07/03/2008
        View/Download All Holdings  
  Fund Characteristics
  As of 07/03/2008
  Dividend Yield 1.43%  
  FY1 P/E Ratio 14.36  
  Number of Holdings 498  
  Price/Book Ratio 1.96  
  Weighted Average Market Cap $M $3,546.14  
  Fund Information
  As of 07/04/2008
  Ticker Symbol EMM  
  CUSIP 78464A847  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.25%  
  Inception Date 11/08/2005  
  Primary Benchmark Dow Jones Wilshire Mid Cap Index  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team ETF Management Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Quarterly  
  Fund Documents
  Quarterly Fund Fact Sheet (.pdf)
  Fund Prospectus (.pdf)
  Statement of Additional Information (.pdf)
  Fund Semi-Annual Report (.pdf)
  Fund Annual Report (.pdf)
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‡ Subject to Change

Index returns do not represent actual ETF performance and are for illustration purposes only. Index performance does not reflect charges and expenses associated with the fund or brokerage commissions associated with buying and selling exchange traded funds. It is not possible to invest directly in an index.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

After tax returns presented above may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.        

 Average annual total return and total return are historical and include change in share value and reinvestment of dividends and capital gains , if any.

Except where indicated, all information is as of date noted and source of data is SSgA research.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETFs may be bought and sold on the exchange through any brokerage account, ETFs 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.

In addition to the risk normally associated with equity investing, narrowly focused investments and investments in mid-sized company stocks involve greater risk of capital loss and higher price volatility.

Shares of the ETFs funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company.

The Dow Jones Wilshire Mid Cap IndexSM is calculated and distributed by Dow Jones Indexes pursuant to an agreement between Dow Jones & Company, Inc. and Wilshire Associates Incorporated.  "Dow Jones" and "Wilshire" are the respective service marks of Dow Jones and Wilshire Associates , and has been licensed for use by State Street Bank and Trust Company. SPDRs based on the Dow Jones Wilshire Indices are not sponsored, endorsed, sold or promoted by Dow Jones or Wilshire and neither makes any representation regarding the advisability of investing in them.  Inclusion of a company in the Dow Jones Wilshire Indices does not in any way reflect an opinion of Dow Jones or Wilshire on the investment merits of the company.