SPDR® ETF Family Announces Impact of Receiving Settlement Payment
February 10 2015 - 5:13PM
Business Wire
The SPDR® Exchange Traded Funds (ETFs) listed in the table
below, announced today that each fund received a payment as an
authorized claimant from a class action settlement related to Merck
& Co., Inc.
The total payment to be received by each Fund is listed below.
When the Funds calculate their net asset value (NAV) per share on
Wednesday, February 11, 2015, it is estimated that each Fund’s NAV
will be impacted in the amounts stated below based on shares
outstanding as of February 9, 2015.
Fund
Payment
Amount
Shares Outstanding
as of February 9, 2015
Per Share
Impact
SPDR® S&P 500® ETF (SPY) $3,198,040
931,732,116 $0.0034 SPDR® Dow Jones®
Industrial Average ETF (DIA) $1,645,794
67,542,867 $0.0244 Health Care Select Sector
SPDR® Fund (XLV) $907,754 182,465,324
$0.0050 SPDR® S&P® 500 Value ETF (SPYV)
$3,525 2,250,716 $0.0016
SPDR® Global Dow ETF (DGT) $3,163
1,450,464 $0.0022 SPDR Russell 3000®
ETF (THRK) $808 1,600,036
$0.0005 SPDR® S&P® Pharmaceuticals ETF (XPH)
$411 9,300,135 $0.0000
SPDR Russell 1000® ETF (ONEK) $295
600,000 $0.0005
State Street manages more than $466.4 billion in SPDR ETF assets
worldwide, (as of December 31, 2014) and is one of the largest ETF
providers in the US and globally.
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.
"SPDR" is a product of S&P Dow Jones Indices LLC ("SPDJI"),
and has been licensed for use by State Street Corporation. Standard
& Poor's? and S&P? are registered trademarks of Standard
& Poor's Financial Services LLC ("S&P"); Dow Jones? is a
registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones"); SPDR is a trademark of the SPDJI; and these trademarks
have been licensed for use by SPDJI and sublicensed for certain
purposes by State Street Corporation. State Street Corporation's
financial products are not sponsored, endorsed, sold or promoted by
SPDJI, Dow Jones, S&P, their respective affiliates and none of
such parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability for any
errors, omissions, or interruptions of SPDR.
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-1298
State Street CorporationBrendan Paul, +1
617-662-2903www.statestreet.com@StateStreet
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