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SPDR S&P Emerging Middle East & Africa ETF (GAF)
Fund Objective Why was this benchmark selected?

The SPDR® S&P Emerging Middle East & Africa ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the S&P®/Citigroup® BMI Middle East & Africa Index (ticker: STBMMEU)

Ordinary brokerage commissions may apply.

  Market Price
  As of 09/05/2008
  Closing Price $59.61  
  Bid/Ask $59.54  
  Premium/Discount 1.14%  
  Day High $59.61  
  Day Low $58.20  
  Exchange Volume (shares) 40,400  
  Premium Discount to Nav Chart
  Net Asset Value
  As of 09/05/2008
  Price $58.89  
  Shares Outstanding 2,800,000  
  Total Net Assets $164,882,817.10  
  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 08/31/2008 As of 08/31/2008 As of 08/31/2008
QTD -5.25%   -5.58%   -4.13%  
YTD -11.54%   -12.00%   -10.48%  
Annualized      
1 Year 0.66%   -2.35%   -0.90%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 6.74%   4.59%   5.32%  
Quarter End Performance
Total Return Index Market Value NAV
  As of 06/30/2008 As of 06/30/2008 As of 06/30/2008
QTD 1.02%   3.57%   3.95%  
YTD -6.64%   -6.81%   -6.62%  
Annualized      
1 Year 5.46%   4.23%   3.25%  
3 Year N/A   N/A   N/A  
5 Year N/A   N/A   N/A  
Since Inception 12.06%   10.03%   9.59%  
Fund Inception Date: 03/19/2007
Top Holdings ‡
As of 09/04/2008
Security Name Shares
Held
Fund
Weight
Teva Pharma Ind 364,174 10.50%
Mtn Group Ltd 691,881 6.14%
Sasol 178,255 5.14%
Impala Platinum 247,997 3.77%
Arab Bank 196,500 3.64%
Remgro 204,974 2.97%
Standard Bk Gr Ltd 418,217 2.88%
Firstrand Ltd 2,265,209 2.86%
Bqe Maroc Comm Ext 10,579 2.51%
Icl-Israel Chem 269,144 2.44%
View/Download All Holdings
  Top Sectors
  As of 09/04/2008
        View/Download All Holdings  
  Country Weights
  As of 09/04/2008
  South Africa 55.22%       Israel - Non Domestic 1.55%  
  Israel - Domestic 21.99%       Nigeria 1.36%  
  Morocco 7.71%       Bermuda 0.62%  
  Egypt 6.27%       United States 0.25%  
  Jordan 5.02%            
  Fund Characteristics
  As of 09/04/2008
  Dividend Yield 1.55%  
  FY1 P/E Ratio 10.40  
  Number of Holdings 104  
  Price/Book Ratio 2.47  
  Weighted Average Market Cap $M $13,311.12  
  Fund Information
  As of 09/06/2008
  Ticker Symbol GAF  
  CUSIP 78463X806  
  Marginable Yes  
  Short Selling Allowed Yes  
  Gross Expense Ratio 0.60%  
  Inception Date 03/19/2007  
  Primary Benchmark S&P/Citigroup BMI Middle East and Africa Index  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team ETF Management Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Semi-Annually  
  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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