Basic Fund Data
Fund Provider:	State Street Global Advisors
Asset Class:	Equity
Fund Category:	U.S. Industry Sector
Ticker:	KBE
Expense Ratio:	0.35%
Fund Category Expense Ratio Average:	0.44%
Options:	Yes
Fund Inception Date:	11-08-2005
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	KBW Bank Index
Index Provider:	Keefe, Bruyette & Woods
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Passive
Security Selection Method:	Industry Sector
Security Selection Frequency:	Quarterly
Index Weighting Category:	Capitalization
Index Weighting Method:	Capped/Constrained
Index Weighting Frequency:	Quarterly

Market Price Return
1-Year:	-25.6%
3-Year annualized:	-25.39%
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	-2.68
2008:	-47.39
2007:	-21.8%
2006:	16.5%
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$889.4
P/E Ratio:	23.25
P/B Ratio:	0.92
Median Market Cap:	$21414.18
12-month yield:	2.4%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	-1.12
Beta:	1.4
Standard Deviation:	11.23
Sharpe Ratio:	-0.72
Data as of 10/31/09

Index Snapshot:

The SPDR KBW Bank ETF (Ticker: KBE) seeks to closely match, before expenses, the returns and characteristics of the KBW Bank Index. The Index is calculated as a modified capitalization weighted index of 24 of the largest Banking institutions on the Stock Markets. This method is a hybrid between equal weighting and conventional capitalization weighting. The four largest stocks will be assigned maximum initial weights equal to the lesser of their actual capitalization weight or 10% in the reconstituted index. All other stocks with a capitalization weight of more than 4.5% will be assigned initial weights of 4.5% in the reconstituted index. All banks with capitalization weights under 4.5% will share equally in the weight available for redistribution, but none of these banks will be assigned an initial weight of more than 4.5%. The Index is reconstructed quarterly.