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DIA

SPDR Dow Jones Industrial Average ETF Trust

segment: Equity: U.S. - Large Cap Competing ETFs: SPY, IVV, VOO, IWB, SCHX Related ETF Channels: Price-weighted, U.S., Large Cap, Broad-based, Size and Style, North America, Equity, DJ Industrial Average Find more ETFs with our ETF Screener and Database

*Unless otherwise stated, data provided by FactSet.

A 84

DIA Fund Description

DIA tracks a price-weighted index of 30 large-cap US stocks, selected by the editors of the Wall Street Journal.

DIA Factset Analytics Insight

Despite the name recognition that comes from tracking the Dow and its own popularity, DIA is not the ideal ETF for investors who want broad-based exposure to US large-caps. The fund's tiny portfolio, arbitrary selection, and antiquated weighting produce significant sector biases relative to the market, and cover only a fraction of the large-cap space, typically represented by hundreds of names. Stocks are priceweighted, not cap-weighted, which can produce major sector realignments when multiple holdings change, as occurred in September 2013. Still, DIA tends to move with the broader market day-to-day, and some may prefer its typically (slightly) lower beta.DIA is extremely liquid, with huge assets and a long track record, and is reasonably priced. The fund's UIT structure is shared by a few other long-lived ETFs (like SPY), with the most notable effects being a slight cash drag since stock dividends received in between the ETF's distributions can't be reinvested as is typically the case. UITs must also hold every stock in the index at all times, which can tie the PM's hands. Still, for exposure to the Dow--a concentrated, universallycited basket of household names--DIA is a great choice.

DIA MSCI ESG Analytics Insight

SPDR Dow Jones Industrial Average ETF Trust has an MSCI ESG Fund Rating of A based on a score of 5.74 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund's Peer Rank reflects the ranking of a fund's MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Dow Jones Industrial Average ETF Trust ranks in the 61st percentile within its peer group and in the 76th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

DIA Summary Data Issuer

Brand

State Street Global Advisors SPDR

Inception Date

01/14/98

Legal Structure

Unit Investment Trust

Expense Ratio

0.17%

Assets Under Management

$21.86B

Average Daily $ Volume

$781.22M

Average Spread (%)

0.01%

DIA Portfolio Data Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings

$262.09B

18.94 3.90

2.11% 09/20/19

31

DIA Index Data Index Tracked

DJ Industrial Average

Index Weighting Methodology

Price

Index Selection Methodology

Committee

Segment Benchmark

MSCI USA Large Cap Index

1 Year

Daily Price ($) 280.00

260.00

240.00

220.00

Oct

Nov

Dec

`19

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Volume

20M

PERFORMANCE [as of 09/09/19]

DIA DIA (NAV) DJ Industrial Average MSCI USA Large Cap Index

1 MONTH

2.40% 2.38% 2.40% 2.21%

3 MONTHS

3.89% 3.87% 3.93% 4.31%

YTD

16.94% 16.93% 17.09% 20.42%

1 YEAR

5.89% 5.89% 6.04% 6.19%

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DIA Top 10 Countries

United States

100.00%

3 YEARS

16.68% 16.67% 16.84% 14.50%

5 YEARS

12.11% 12.10% 12.26% 10.91%

10 YEARS

13.57% 13.56% 13.56% 13.48%

DIA Top 10 Sectors DIA Top 10 Holdings

Technology Industrials Consumer Cyclicals Financials Healthcare

19.92% 19.55% 16.56% 15.17% 12.79%

Consumer Non-Cyclicals Energy Telecommunications Serv... Basic Materials

8.48% 4.93% 1.41% 1.20%

Boeing Company Home Depot, Inc. UnitedHealth Group Incor... Apple Inc. Goldman Sachs Group, In...

9.27% 5.85% 5.83% 5.44% 5.41%

McDonald's Corporation

5.26%

Visa Inc. Class A 3M Company Travelers Companies, Inc. International Business Ma...

4.43% 4.24% 3.68% 3.64%

Total Top 10 Weighting 53.05%

DIA Portfolio Management Expense Ratio

Median Tracking Difference (12 Mo)

Max. Upside Deviation (12 Mo)

Max. Downside Deviation (12 Mo)

0.17% -0.14% -0.11% -0.21%

DIA Tax Exposures Max LT/ST Capital Gains Rate

Capital Gains Distributions (3 Year)

Tax on Distributions

Distributes K1

20.00% / 39.60% --

Qualified dividends No

DIA Fund Structure Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty ETN Counterparty Risk Fund Closure Risk Portfolio Disclosure

Unit Investment Trust No No

100% / 0%

N/A N/A Low Daily

Daily Spread Premium/Discount

Volume

Oct

Nov

`19

Mar

May

Jul

0.03%

DIA Factset Analytics Block Liquidity

As of 09/11/19

0.02% 0.01%

0%

5

This measurement shows how easy it is

4

to trade a $1 million USD block of DIA. DIA is rated a 5 out of 5.

3

2

1

0.2%

0.1%

0.0%

-0.1%

-0.2%

20M 15M 10M

5M

Sep

DIA Tradability Avg. Daily Share Volume

Average Daily $ Volume

Median Daily Share Volume

Median Daily Volume ($)

Average Spread (%)

Average Spread ($)

Median Premium / Discount (12 Mo)

Max. Premium / Discount (12 Mo)

Impediment to Creations

Market Hours Overlap

Creation Unit Size (Shares)

Creation Unit/Day (45 Day Average)

Creation Unit Cost (%)

Underlying Volume / Unit

Open Interest on ETF Options

Net Asset Value (Yesterday)

Implied Liquidity

2,957,726 $781.22M 2,361,158 $643.65M

0.01% $0.02 0.01% 0.17% / -0.14% None 100.00% 50,000 47.22 0.01% 0.08% 558,234 $268.73

5

DIA Sector/Industry Breakdown

Segment DIA Benchmark

Technology

19.92%

29.02%

Industrials

19.55%

9.15%

Consumer Cyclicals

16.56%

13.15%

Financials

15.17%

14.77%

Healthcare

12.79%

14.03%

Consumer NonCyclicals

8.48%

7.74%

Energy

4.93%

5.11%

Telecommunications Services

1.41%

2.30%

Basic Materials

1.20%

2.10%

DIA Countries

United States DIA Regions

North America DIA Economic Development

Developed Countries

DIA Top 10 Holdings

Boeing Company

9.27%

Home Depot, Inc.

5.85%

UnitedHealth Group Incorporated

5.83%

Apple Inc.

5.44%

Goldman Sachs Group, Inc.

5.41%

McDonald's Corporation

5.26%

Visa Inc. Class A

4.43%

3M Company

4.24%

Travelers Companies, Inc.

3.68%

International Business Machines Corporation 3.64%

Total Top 10 Weighting

53.05%

DIA 100.00%

DIA 100.00%

DIA 100.00%

Segment Benchmark 100.00%

Segment Benchmark 100.00%

Segment Benchmark 100.00%

DIA Performance Statistics Goodness of Fit (R2)

0.95

Beta

0.96

Up Beta

0.96

Down Beta

0.98

Downside Standard Deviation

0.26%

Segment Benchmark

MSCI USA Large Cap Index

DIA MSCI ESG Ratings MSCI ESG Rating

MSCI ESG Quality Score

Peer Group Percentile Rank

Global Percentile Rank

SRI Screening Criteria Exposure

Exposure to Sustainable Impact Solutions

Weighted Average Carbon Intensity (t CO2e/$M Sales)

A 5.74 / 10

75.81 60.53 12.55% 2.38%

52.63

DIA Benchmark Comparison Holdings DIA Number of Holdings

Benchmark Constituents

Shared Holdings

Shared Holdings Weight

31 298

30 31.50%

DIA Benchmark Comparison Summary DIA

Segment Benchmark

Number of Holdings

31

298

Weighted Average Market Cap

$262.09B $268.77B

Price / Earnings Ratio

18.94

21.93

Price / Book Ratio

3.90

3.46

Dividend Yield

2.22%

1.91%

Concentration

High

Low

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