SPDR® ETF (Exchange Traded Fund) Family Announces Impact of Receiving Settlement Payments
September 27 2011 - 6:43PM
Business Wire
The Financial Select Sector SPDR® Fund (NYSE:XLF), SPDR® S&P
500® ETF Trust (NYSE:SPY) and SPDR® Dow Jones Industrial AverageSM
ETF Trust (NYSE:DIA) announced on Tuesday September 27, 2011 that
each Fund received a payment as an authorized claimant from a
settlement related to Bank of America Corp. and the impact to each
Fund’s net asset value (“NAV”) per share would occur on Wednesday,
September 28, 2011.
The total amount to be recorded by each Fund is listed below.
When the Funds calculate their net asset value (“NAV”) per share on
Wednesday, September 28, 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 September
26, 2011.
Fund
Settlement Payment
Shares Outstanding asof September 26,
2011
Per Share Amount
The Financial SelectSector SPDR
Fund(NYSE:XLF)
$939,612 335,045,427
$0.0028
SPDR S&P 500 ETFTrust (NYSE:SPY)
$1,687,356 705,532,116
$0.0024
SPDR Dow JonesIndustrial AverageETF
Trust(NYSE:DIA)
$238,848 82,992,867
$0.0029
State Street Global Advisors* manages $266 billion** in SPDR ETF
assets worldwide (as of June 30, 2011) and is one of the largest
ETF providers in the US and globally.
About 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 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 launches with
gold, international real estate, international fixed income and
sector ETFs. For more information, visit www.spdrs.com.
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.
*SPDR ETFs are managed by SSgA Funds Management, Inc., a
registered investment adviser and wholly owned subsidiary of State
Street Bank & Trust Company.
**Source: SSgA Global Strategy & Research. This AUM includes
the assets of the SPDR Gold Trust (approx. $58 billion [as of June
30, 2011]), for which State Street Global Markets, LLC, an
affiliate of State Street Global Advisors serves as the marketing
agent.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
Because of their narrow focus, sector funds tend to be more
volatile than funds that diversify across many sectors and
companies.
“SPDR” is a registered trademark of Standard & Poor’s
Financial Services LLC (“S&P”) and has been licensed for use by
State Street Corporation. 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.
The shares of the SPDR S&P 500 ETF represent ownership in
the SPDR S&P 500 Trust, a unit investment trust.
The shares of the SPDR Dow Jones Industrial Average ETF
represent ownership in the SPDR Dow Jones Industrial Average ETF
Trust, a unit investment trust.
ALPS Distributors, Inc., a registered broker dealer, is the
distributor for the Select Sector SPDR Trust, the SPDR S&P 500
ETF Trust and the SPDR Dow Jones Industrial Average ETF Trust.
Before investing, consider the funds investment objectives,
risks, charges and expenses. To obtain a prospectus or a summary
prospectus which contains this and other information for the Select
Sector SPDR Trust, the SPDR S&P 500 ETF Trust or the SPDR Dow
Jones Industrial Average ETF Trust, call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
CORP-0398
SEL 000821 EXP 12-31-2011
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