The Financial Select Sector SPDR® Fund to be Rebalanced
February 10 2010 - 4:55PM
Business Wire
State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced
that effective February 12, 2010, The Financial Select Sector SPDR®
Fund (ticker: XLF) will be rebalancing to reflect the addition of
Berkshire Hathaway (BRK/B) to its underlying index. Berkshire
Hathaway will become a component security of the index for The
Financial Select Sector SPDR® Fund on or about February 16, 2010.
No changes are being made to the fund’s investment objectives or
ticker symbol.
To facilitate an orderly rebalancing for the Financial Select
Sector SPDR® Fund, the list of securities applicable to all
purchase and redemption orders placed on Friday, February 12, 2010
for The Financial Select Sector SPDR® Fund will be based on
post-rebalance index holdings instead of index holdings as of the
close of business on Thursday, February 11, 2010.
State Street Global Advisors is one of the largest ETF providers
globally with assets under management for SPDR ETFs totaling more
than $204 billion as of December 31, 2009.
About State Street Global Advisors
State Street Global Advisors, the investment management business
of State Street Corporation (NYSE: STT), delivers investment
strategies and integrated solutions to clients worldwide across
every asset class, investment approach and style. With $1.9
trillion in assets under management at December 31, 2009, State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto
and Zurich, and offices in 26 cities worldwide. For more
information, visit State Street Global Advisors at
www.ssga.com.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value.
Select Sector SPDR Funds bear a higher level of risk than more
broadly diversified funds. All ETFs are subject to risk, including
the possible loss of principal. Sector ETFs products are also
subject to sector risk and non-diversification risk, which
generally results in greater price fluctuations than the overall
market.
The “SPDR®” trademark is used under license from The McGraw-Hill
Companies, Inc. (“McGraw-Hill”). No financial product offered by
State Street Corporation or its affiliates is sponsored, endorsed,
sold or promoted by McGraw-Hill. Standard & Poor’s®, S&P®,
SPDR®, S&P 500® and Select Sector SPDRs® are trademarks of The
McGraw-Hill Companies, Inc., and have been licensed for use by
State Street Bank and Trust Company.
Distributor: State Street Global Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation.
References to State Street may include State Street Corporation and
its affiliates. Certain State Street affiliates provide services
and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR shares, MidCap
SPDRs and Dow Diamonds, all unit investment trusts and Select
Sector SPDRs.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
Corp-0051
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