-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R+n8IX4ASYoYmSDNAjnxqTPTmoYbDCMaS14gcd9qDchxI74SxlFiJ/XlFqQHueIz KuDf1+Q3Hi3sMyhhFmPbdg== 0000950123-11-016358.txt : 20110222 0000950123-11-016358.hdr.sgml : 20110221 20110222125528 ACCESSION NUMBER: 0000950123-11-016358 CONFORMED SUBMISSION TYPE: 485APOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20110222 DATE AS OF CHANGE: 20110222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPDR SERIES TRUST CENTRAL INDEX KEY: 0001064642 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 485APOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-57793 FILM NUMBER: 11627576 BUSINESS ADDRESS: STREET 1: ONE LINCOLN STREET STREET 2: CPH0326 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 866-787-2257 MAIL ADDRESS: STREET 1: ONE LINCOLN STREET STREET 2: CPH0326 CITY: BOSTON STATE: MA ZIP: 02111 FORMER COMPANY: FORMER CONFORMED NAME: STREETTRACKS SERIES TRUST DATE OF NAME CHANGE: 20000925 FORMER COMPANY: FORMER CONFORMED NAME: INDEX EXCHANGE LISTED SECURITIES TRUST DATE OF NAME CHANGE: 19980622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPDR SERIES TRUST CENTRAL INDEX KEY: 0001064642 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 485APOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08839 FILM NUMBER: 11627577 BUSINESS ADDRESS: STREET 1: ONE LINCOLN STREET STREET 2: CPH0326 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 866-787-2257 MAIL ADDRESS: STREET 1: ONE LINCOLN STREET STREET 2: CPH0326 CITY: BOSTON STATE: MA ZIP: 02111 FORMER COMPANY: FORMER CONFORMED NAME: STREETTRACKS SERIES TRUST DATE OF NAME CHANGE: 20000925 FORMER COMPANY: FORMER CONFORMED NAME: INDEX EXCHANGE LISTED SECURITIES TRUST DATE OF NAME CHANGE: 19980622 0001064642 S000022631 SPDR(R) Barclays Capital Emerging Markets Government Bond ETF C000065485 SPDR(R) Barclays Capital Emerging Markets Government Bond ETF 485APOS 1 b85066a1e485apos.htm SPDR SERIES TRUST e485apos
Table of Contents

As filed with the Securities and Exchange Commission on February 22, 2011
Securities Act File No. 333-57793
Investment Company Act of 1940 File No. 811-08839

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 þ
Post-Effective Amendment No. 55* þ
And
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 þ
Amendment No. 57* þ
SPDR® SERIES TRUST
(Exact Name of Registrant as Specified in Charter)
One Lincoln Street
Boston, Massachusetts 02111
 

(Address of Principal Executive Offices)
Registrant’s Telephone Number: (866) 787-2257
Ryan M. Louvar, Esq.
State Street Bank and Trust Company
One Lincoln Street/CPH0326
Boston, Massachusetts 02111
(Name and Address of Agent for Service)
Copies to:
W. John McGuire, Esq.
Morgan, Lewis and Bockius LLP
1111 Pennsylvania Ave., NW
Washington, DC 20004
It is proposed that this filing will become effective:
þ immediately upon filing pursuant to Rule 485, paragraph (b)
o on _________________ pursuant to Rule 485, paragraph (b)
o 60 days after filing pursuant to Rule 485, paragraph (a)(1)
o on _________________ pursuant to Rule 485, paragraph (a)(1)
o 75 days after filing pursuant to Rule 485, paragraph (a)(2)
o on _________________ pursuant to Rule 485, paragraph (a)(2)
o this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
*The Post-Effective Amendment filed for the Trust on January 21, 2011 contained a scrivener’s error whereby it was incorrectly designated Post-Effective Amendment No. 55 and Amendment No. 57 and should have been designated Post-Effective Amendment No. 54 and Amendment No. 56. Accordingly, this Post-Effective Amendment is designated as Post-Effective Amendment No. 55 and Amendment No. 57.
 
 

 

TABLE OF CONTENTS

SIGNATURES
EX-101 INSTANCE DOCUMENT
EX-101 SCHEMA DOCUMENT
EX-101 CALCULATION LINKBASE DOCUMENT
EX-101 LABELS LINKBASE DOCUMENT
EX-101 PRESENTATION LINKBASE DOCUMENT
EX-101 DEFINITION LINKBASE DOCUMENT

Table of Contents

SIGNATURES
     Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act and has caused this amendment to the registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston and Commonwealth of Massachusetts on the 22nd day of February, 2011.
         
        SPDR® SERIES TRUST
 
 
  By:   /s/ James E. Ross*
 
       
 
      James E. Ross
 
      President
SIGNATURES
     Pursuant to the requirements of the Securities Act of 1933, as amended, this amendment to the registration statement has been signed below by the following persons in the capacities and on the date indicated:
         
SIGNATURES   TITLE   DATE
 
        
/s/ Chad C. Hallett
 
Chad C. Hallett
  Treasurer and Principal Financial Officer    February 22, 2011
 
        
/s/ Bonny E. Boatman*
 
Bonny E. Boatman
  Trustee    February 22, 2011
 
        
/s/ Dwight D. Churchill*
 
Dwight D. Churchill
  Trustee    February 22, 2011
 
        
/s/ David M. Kelly*
 
David M. Kelly
  Trustee    February 22, 2011
 
        
/s/ Frank Nesvet*
 
Frank Nesvet
  Trustee    February 22, 2011
 
        
/s/ Carl G. Verboncoeur*
 
Carl G. Verboncoeur
  Trustee    February 22, 2011
 
        
/s/ James E. Ross*
 
James E. Ross
  Trustee, President and Principal Executive Officer   February 22, 2011
         
*By:    /s/ Ryan M. Louvar      
 
  Ryan M. Louvar    
 
  As Attorney-in-Fact    
 
  Pursuant to Power of Attorney    

 

EX-101.INS 2 sst1064642-20100630.xml EX-101 INSTANCE DOCUMENT 0001064642 sst1064642:S000022631Member 2010-02-01 2011-01-31 0001064642 2010-02-01 2011-01-31 iso4217:USD xbrli:pure false 2010-11-19 2011-01-31 2010-09-30 Other 0001064642 SPDR SERIES TRUST <div> &lt;div style="display:none"&gt;~ http://spdrs.com/role/AnnualFundOperatingExpensesSPDRRBarclaysCapitalEmergingMarketsGovernmentBondETF column compact * column rr_ProspectusShareClassAxis compact * row compact * row dei_LegalEntityAxis compact sst1064642-20110131_Member ~&lt;/div&gt; </div> FUND PERFORMANCE 0.0000 EXAMPLE: This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div> &lt;div style="display:none"&gt;~ http://spdrs.com/role/ExpenseExampleSPDRRBarclaysCapitalEmergingMarketsGovernmentBondETF column compact * column rr_ProspectusShareClassAxis compact * row compact * row dei_LegalEntityAxis compact sst1064642-20110131_Member ~&lt;/div&gt; </div> FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund's shares. INVESTMENT OBJECTIVE The SPDR Barclays Capital Emerging Markets Local Bond ETF (the "Fund") seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the fixed-rate local currency sovereign debt of emerging market countries. ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment): 0.0000 The Fund has not yet completed a full calendar year of investment operations and therefore does not have any performance history. Once the Fund has completed a full calendar year of operations, a bar chart and table will be included that will provide some indication of the risks of investing in the Fund by showing the variability of the Fund's returns based on net assets and comparing the Fund's performance to the Index. The Fund has not yet completed a full calendar year of investment operations and therefore does not have any performance history. PORTFOLIO TURNOVER: The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. 2011-01-31 RISKS OF INVESTING IN THE FUND As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund. <p>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.</p><p>Passive Strategy/Index Risk: The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund's return to be lower than if the Fund employed an active strategy.</p><p>Index Tracking Risk: While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund's return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that, under normal market conditions, it may take approximately five business days for additions and deletions to the Index to be reflected in the portfolio composition o f the Fund.</p><p>Fixed Income Investing Risk: An investment in the Fund involves risks similar to those of investing in any fund of fixed income securities, including the following: the risk of loss in portfolio value due to market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or inability of the Fund to sell securities at an advantageous price; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a decline to the Fund's income.</p><p>Foreign Securities Risk: Returns on investments in foreign securities could be more volatile than, or trail the returns on, i nvestments in U.S. securities. Investments in securities issued by entities based outside the U.S. pose distinct risks since political and economic events unique to a country or region will affect those markets and their issuers. Further, such entities and/or their securities may also be affected by currency controls; different accounting, auditing, financial reporting, and legal standards and practices; expropriation; changes in tax policy; greater market volatility; differing securities market structures; higher transaction costs; and various administrative difficulties, such as delays in clearing and settling portfolio transactions or in receiving payment of dividends.</p><p>Securities traded on foreign markets may be less liquid (harder to sell) than securities traded domestically. These risks may be heightened in connection with investments in developing or emerging countries.</p><p>Emerging Markets Risk: Some foreign markets in which the Fund may invest are considered to be emerging markets. Investment in the se emerging markets subjects the Fund to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, high levels of inflation, deflation or currency devaluation, greater risk of market shut down, and more governmental limitations on foreign investment policy than those typically found in a developed market. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in other countries. As a result, there will tend to be an increased risk of price volatility in the Fund's investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar. Settlement practices for transactions in foreign markets may differ from those in U.S. markets. Such differences include delays beyond periods customary in the United States and practices, such as delivery of securities prior to receipt of payment, which increase the likelihood of a "failed settlement." Failed settlements can res ult in losses to the Fund. For these and other reasons, investments in emerging markets are often considered speculative.</p><p>Non-Diversification Risk: The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund's performance may be disproportionately impacted by the performance of relatively few securities.</p> Non-Diversification Risk: The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund's performance may be disproportionately impacted by the performance of relatively few securities. FUND SUMMARY SPDR(R) BARCLAYS CAPITAL EMERGING MARKETS LOCAL BOND ETF THE FUND'S INVESTMENT STRATEGY <p>In seeking to track the performance of the Barclays Capital EM Local Currency Government Diversified Index (the "Index"), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. State Street Global Advisors Limited ("SSgA LTD" or the "Subadviser") generally expects the Fund to hold less than the total number of securities in the Index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund's investment objective.</p><p>Under normal market conditions, the Fund generally invests substan tially all, but at least 80%, of its total assets in the securities comprising the Index or in securities that the Subadviser has determined have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. The Fund will provide shareholders with at least 60 days notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in fixed-income securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the SSgA Funds Management, Inc. (the "Adviser")). The Fund may also enter into forward currency exchange contracts for hedging purposes.</p><p>The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds i ssued by investment-grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody's Investor Service, Inc., Standard &#038; Poor&#8217;s, Inc. and Fitch Inc., respectively). Each of the component securities in the Index is a constituent of the Barclays Capital EM Local Currency Government Index, screened such that the following countries are included: Brazil, Chile, Colombia, Czech Republic, Egypt, Hungary, Indonesia, Israel, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, South Korea, Thailand and Turkey. In addition, the securities in the Index must be fixed-rate and have certain minimum amounts outstanding, depending upon the currency in which the bonds are denominated. As of [__], there were approximately [__] securities in the Index and the modified adjusted duration of securities in the Index was approximately [__] years. </p><p>The Index is calculated by Barclays Capital, Inc. ("Barclays Capital") using a modified "market capitalization" methodology. This design ensures that each constituent country within the Index is represented in a proportion consistent with its percentage with respect to the total market capitalization of the Index. Component securities in each constituent country are represented in a proportion consistent with their percentage relative to the other component securities in the constituent country. Under certain conditions, however, the par amount of a component security within the Index may be adjusted to conform to Internal Revenue Code requirements.</p><p>The Index is sponsored by Barclays Capital (the "Index Provider") which is not affiliated with the Fund, the Adviser or the Subadviser. The Index Provider determines the composition of the Inde x, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.</p> Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index or in securities that the Subadviser has determined have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. The Fund will provide shareholders with at least 60 days notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in fixed-income securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the SSgA Funds Management, Inc. (the "Adviser")). The Fund may also enter into forward currency exchange contracts for hedging purposes. "Other Expenses" are based on estimated amounts for the current fiscal year. 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