Basic Fund Data
Fund Provider:	State Street Global Advisors
Asset Class:	Equity
Fund Category:	U.S. Large Cap Blend
Ticker:	SPY
Expense Ratio:	0.09%
Fund Category Expense Ratio Average:	0.32%
Options:	Yes
Fund Inception Date:	01-29-1993
Fund Structure:	Unit Investment Trust
Fund Weighting Restrictions:	Diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	S&P 500
Index Provider:	Standard & Poor's
No of Index Holdings:	100-500
Explanation of Index Strategy
Security Selection Category:	Passive
Security Selection Method:	Company Size
Security Selection Frequency:	Ongoing
Index Weighting Category:	Capitalization
Index Weighting Method:	Free Float
Index Weighting Frequency:	Daily

Market Price Return
1-Year:	9.75%
3-Year annualized:	-7.01%
5-Year annualized:	0.29%
10-Year annualized:	-1.01%
Annual Performance History
2009:	16.88
2008:	-36.83
2007:	5.43%
2006:	15.65%
2005:	4.8%
2004:	10.76%
2003:	28.35%
2002:	-22.07%
2001:	-11.9%
2000:	-9.16%
Data as of 10/31/09

Fundamentals
Assets MM:	$67356.5
P/E Ratio:	16.67
P/B Ratio:	2.19
Median Market Cap:	$41506.8
12-month yield:	2.2%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	0
Beta:	1
Standard Deviation:	5.63
Sharpe Ratio:	-0.5
Data as of 10/31/09

Index Snapshot:

The SPDR S&P 500 ETF (Ticker: SPY) seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P 500 Index. The index is market capitalization weighted with approximately 75% coverage of the U.S. equity market. The index is maintained by the S&P Index Committee, which is a team of Standard & Poor's economists and analysts. The Index Committee meets on a regular basis to review all S&P index constituents. The goal of the Committee is to ensure that the S&P 500 reflects the risk and return characteristics of a universe of large cap US companies. Criteria for index inclusion in the S&P 500 includes: minimum of $5 billion market cap, minimum public float of 50%, the ratio of annual dollar value traded to market cap for the company should be 0.30 or greater, and constituents must be operating companies (no closed-end funds, ETFs, or holding companies). SPY was the first successful ETF launched on an American stock exchange.