SPDR ® ETF Family Announces Impact of Receiving Settlement Payments
January 04 2011 - 5:23PM
Business Wire
The SPDR® S&P 500 ETF Trust (NYSE:SPY - News) and the Health
Care Select Sector SPDR Fund (NYSE:XLV - News) today announced that
the Funds received payment as an authorized claimant from a class
action settlement related to UnitedHealth Group Inc.
The total amount payable to each Fund is listed below. When the
Funds calculate their net asset value (“NAV”) per share on
Wednesday, January 5, 2011, it is estimated that each Fund’s NAV
will be impacted by the receipt of the corresponding payment in the
amount stated below based on the shares outstanding as of January
3, 2011.
Fund
SettlementPayment
SharesOutstanding as ofJanuary 3, 2011
Per ShareAmount
SPDR® S&P500 ETF Trust(ticker:
SPY)
$2,754,178
716,682,116
$0.0038
Health CareSelect SectorSPDR Fund(ticker:
XLV)
$437,724
87,465,324 $0.0050
State Street manages more than $235 billion in SPDR ETF assets
worldwide (as of December 31, 2010) and is one of the largest ETF
providers in the US and globally.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors
worldwide for its disciplined investment process, powerful global
investment platform and access to every major asset class,
capitalization range and style. SSgA is the asset management
business of State Street, one of the world’s leading providers of
financial services to institutional investors.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs provide
professional investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as the industry pioneer, State Street—in partnership with the
American Stock Exchange—created the first ETF in 1993 (SPDR S&P
500 – Ticker SPY). Since then, we’ve sustained our place as an
industry innovator through the introduction of many ground-breaking
products, including first-to-market successes with gold,
international real estate, international fixed income and sector
ETFs. SPDR ETFs are managed or marketed by SSgA Funds Management,
Inc, a registered investment adviser and wholly owned subsidiary of
State Street Bank and Trust Company.
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.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
SPDR is a registered trademark of Standard & Poor's
Financial Services LLC ("S&P") and has been licensed for use by
State Street Corporation. STANDARD & POOR, S&P, S&P 500
and S&P MIDCAP 400 are registered trademarks of Standard &
Poor Financial Services LLC. No financial product offered by State
Street Corporation or its affiliates is sponsored, endorsed, sold
or promoted by S&P or its affiliates, and S&P and its
affiliates make no representation, warranty or condition regarding
the advisability of buying, selling or holding units/shares in such
products. Further limitations and important information that could
affect investors' rights are described in the prospectus for the
applicable product.
Distributor (for SPDR ETFs, except as noted below): State Street
Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary
of State Street Corporation.
ALPS Distributors, Inc., a registered broker-dealer, is
distributor for SPDR S&P 500 shares, MidCap SPDRs and SPDR DJIA
ETF, all unit investment trusts and Select Sector SPDRs.
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.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus which contains
this and other information call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
Corp - 0262
State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2023 to Jun 2024