SPDR Dow Jones Industrial Average ETF Trust
Institutional Structure & Tax Specification
Statutory fund vehicle structure, benchmark mechanics, regulatory identifiers & taxation specifications
Unit Investment Trust (1940 Act)
Physical (Full Replication)
Passive
1998-01-14
Dow Jones Industrial Average
Price Weighted
Averages Committee
Quarterly / Periodic
Distributes (Cash Pass-Through)
Qualified Dividends (1099-DIV Box 1b)
39.60%
20.00%
Capital Gains & Pass-Through Dividends
US78467X1090 · CEOJMS
State Street Global Advisors Trust Company
ALPS Distributors, Inc.
Operational Governance & Primary Market Mechanics (S48-Phase 2)
Statutory Form 497K & N-CEN statutory disclosures: creation/redemption mechanics, securities lending & tax forms
Standard 1099-DIV qualified pass-through; no complex partnership tax filing
Portfolio collateral not rehypothecated to short sellers
100% direct physical equity replication; zero swap counterparty risk
Statutory Form N-PORT transparent reporting schedule
Standard block size for authorized participant (AP) primary creation
Active primary market arbitrage throughput
Massive AUM scale and daily dollar liquidity protect against liquidation
Fit vs. Dow Jones Industrial Average
Ease of AP primary market arbitrage and basket creation
Annual NAV tracking variance vs benchmark index
SEC EDGAR & Regulatory Structure
Statutory filings and fund prospectuses