State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
that it has lowered the management fees on 41 SPDR exchange-traded
funds (ETFs), including those investing in a wide range of
international and domestic asset classes, effective
immediately.
“Competitive pricing is a core benefit to the SPDR ETF value
proposition that dates back to the launch of the SPDR S&P 500
ETF in 1993,” said James Ross, executive vice president and global
head of SPDR Exchange Traded Funds at State Street Global Advisors.
“Affordable ratios are key components of our commitment to
providing cost-effective investment solutions that are backed by
SSGA’s expertise, services and support.”
The changes are part of a continuous review process to identify
improvements that are beneficial to investors.
“Our primary focus is on helping investors build stronger
portfolios while positioning SPDR ETFs for long-term growth,”
continued Ross. “Investors should look beyond a fund’s expense
ratio to fully understand its total cost of ownership.”
For more information on determining the total cost of ETF
ownership, download a copy of ETF Pricing: Determining the True
Cost of Ownership.
SPDR ETFs Expense Ratio Changes
SPDR ETF Ticker
Previous GrossExpense
Ratio
New GrossExpense Ratio*
SPDR Barclays Aggregate Bond ETF LAG
0.21 0.10 SPDR Barclays Intermediate Term Treasury
ETF ITE 0.14 0.10 SPDR
Barclays Short Term Treasury ETF SST
0.12 0.10 SPDR Barclays Long Term Treasury ETF
TLO 0.14 0.10 SPDR Barclays
Intermediate Term Corp Bond ETF ITR
0.15 0.12 SPDR Russell 1000 Low Volatility ETF
LGLV 0.20 0.12 SPDR Barclays
Long Term Corp Bond ETF LWC 0.15
0.12 SPDR S&P 1500 Momentum Tilt ETF MMTM
0.35 0.12 SPDR Barclays Short Term Corp
Bond ETF SCPB 0.13 0.12
SPDR Russell 2000 Low Volatility ETF SMLV
0.25 0.12 SPDR S&P 1500 Value Tilt ETF
VLU 0.35 0.12 SPDR
Barclays TIPS ETF IPE 0.19
0.15 SPDR S&P 400 Mid Cap Growth ETF MDYG
0.25 0.15 SPDR S&P 400 Mid Cap
Value ETF MDYV 0.25 0.15
SPDR S&P 600 Small Cap ETF SLY 0.20
0.15 SPDR S&P 600 Small Cap Growth ETF
SLYG 0.25 0.15 SPDR S&P 600
Small Cap Value ETF SLYV 0.25
0.15 SPDR S&P 500 Growth ETF SPYG
0.20 0.15 SPDR S&P 500 Value ETF
SPYV 0.20 0.15 SPDR
Russell/Nomura PRIME Japan ETF JPP 0.50
0.30 SPDR Russell/Nomura Small Cap Japan ETF
JSC 0.55 0.40 SPDR Morgan
Stanley Technology ETF MTK 0.50
0.35 SPDR S&P International Small Cap ETF
GWX 0.59 0.40 SPDR S&P
International Consumer Discretionary Sector ETF IPD
0.50 0.40 SPDR S&P International
Financial Sector ETF IPF 0.50
0.40 SPDR S&P International Technology Sector ETF
IPK 0.50 0.40 SPDR S&P
International Industrial Sector ETF IPN
0.50 0.40 SPDR S&P International Consumer Staples
Sector ETF IPS 0.50 0.40
SPDR S&P International Utilities Sector ETF IPU
0.50 0.40 SPDR S&P International
Energy Sector ETF IPW 0.50
0.40 SPDR S&P International Materials Sector ETF
IRV 0.50 0.40 SPDR S&P
International Health Care Sector ETF IRY
0.50 0.40 SPDR S&P International
Telecommunications Sector ETF IST 0.50
0.40 SPDR S&P BRIC 40 ETF BIK
0.50 0.49 SPDR S&P Emerging Markets
Dividend ETF EDIV 0.59
0.49 SPDR MSCI EM Beyond BRIC ETF EMBB
0.55 0.49 SPDR S&P Emerging Middle East &
Africa ETF GAF 0.59 0.49
SPDR S&P Emerging Asia Pacific ETF GMF
0.59 0.49 SPDR S&P Emerging Latin America
ETF GML 0.59 0.49 SPDR
S&P Emerging Europe ETF GUR 0.59
0.49 SPDR Barclays International Corporate Bond ETF
IBND 0.55 0.50
*All expense ratios are as of the most recent prospectus.
Generally, expense ratios are backward-looking, meaning they are
based on actual operating expenses reported from the prior fiscal
year.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSgA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Bank and Trust Company. The
funds provide investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as an industry pioneer, State Street created the first US listed
ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on
the forefront of responsible innovation, as evidenced by 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
For nearly four decades, State Street Global Advisors has been
committed to helping our clients, and the millions who rely on
them, achieve financial security. We partner with many of the
world’s largest, most sophisticated investors and financial
intermediaries to help them reach their goals through a rigorous,
research-driven investment process spanning both indexing and
active disciplines. With trillions* in assets, our scale and global
reach offer clients unrivaled access to markets, geographies and
asset classes, and allow us to deliver thoughtful insights and
innovative solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.45 trillion as of December 31,
2014. This AUM total includes the assets of the SPDR Gold Trust
(approx. $27.3 billion as of December 31, 2014), for which State
Street Global Markets, LLC, an affiliate of State Street Global
Advisors, serves as the marketing agent. Please note that AUM
totals are unaudited.
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.
The gross expense ratio is the fund's total annual operating
expenses ratio. It is gross of any fee waivers or expense
reimbursements. It can be found in the fund's most recent
prospectus.
"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, S&P, S&P
500 and S&P MIDCAP 400 are registered trademarks of Standard
& Poor's 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: 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.
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, download a prospectus or summary
prospectus now, or talk to your financial advisor. Read it
carefully before investing.
Not FDIC Insured * No Bank Guarantee * May Lose Value
CORP-1289
State Street CorporationBrendan Paul, +1
617-662-2903www.statestreet.com@StateStreetorRiver
CommunicationsTroy Mayclim, + 1 914-686-5599
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