SPDR Lehman Short Term Municipal Bond ETF is an exchange-traded index fund or Index ETF that is a separate investment portfolio of the SPDR Series Trust, a Trust that is an open-end management investment company consisting of separate investment portfolios. The Fund's investment objective is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Lehman Brothers Managed Money Municipal Short Term Index that tracks the short term tax exempt municipal bond market and provides income that is exempt from Federal income taxes. INDEX DESCRIPTION: The Lehman Brothers Managed Money Municipal Short Term Index is a rules-based, market-value weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. All bonds in the Index must be rated Aa3/AA- or higher. Each Index security must have an outstanding par value of at least $7 million and be issued as part of transaction of at least $75 million. The bonds must be fixed rate and have a nominal maturity of one to five years. No issuer may constitute more than 10% of the Index. Bonds subject to AMT, hospital bonds, housing bonds, tobacco bonds, and airline bonds, along with remarketed issues, taxable municipal bonds, floaters, and derivatives are all excluded from the Index. As of September 30, 2007, the modified adjusted duration of securities in the Index was 2.92 years and there were approximately 3,630 issues included in the Index. The composition of the Index is rebalanced monthly.
|Market Cap||3.78 Billion||Shares Outstanding||76.65 Million||Avg Volume||450.479 Thousand|
|SPDR Nuveen Bloomberg Barclays Short Ter Chart by YCharts|
|SEC Web Site||SEC DEF 14A Filings|
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|Insider Name||Type||Last Reported Shares Held||Last Reported Date||Filings in past year|
|Reporting Owners||Transaction Date||Transaction Code||Shares||Share Price||Acquired or Disposed||Shares Owned Following Transaction||Combined shares owned after filing||Direct/Indirect Ownership||10b-5|
|No current insider transactions|