SPYD Offers Investors Exposure to Dividend Paying Stocks in
the S&P 500
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
that the SPDR S&P 500 High Dividend ETF (SPYD) began trading on
the NYSE Arca. Providing access to a portfolio comprised of the 80
highest dividend paying stocks in the S&P 500 Index, SPYD is
designed for investors seeking both equity income and the potential
for capital appreciation at a relatively low gross expense ratio of
0.12 percent.
“As dividend paying stocks have generally underperformed broader
market exposures this year, investors and advisors continue to
assess their options,” said James Ross, executive vice president
and global head of SPDR Exchange Traded Funds at State Street
Global Advisors. “In providing exposure to a large, diversified
portfolio of dividend paying S&P 500 constituents, SPYD helps
investors allocate to income-producing stocks that have the
potential for attractive price appreciation.”
The SPDR S&P 500 High Dividend ETF seeks to track the
performance of the S&P 500 High Dividend Index. The index is
designed to measure the performance of the top 80 dividend-paying
securities in the S&P 500 Index, based on dividend yield. The
index yield of the S&P 500 High Dividend Index is 3.97 percent
as of 10/19/151. Index constituents are equally weighted and
rebalanced semi-annually. Equal weighting the holdings helps to
reduce single security risk that can come with dividend payers.
SSGA’s suite of equity income SPDR ETFs now includes the
following six ETFs with a combined $13.4 billion in assets as of
9/30/15.2
SPDR ETF Ticker SPDR S&P Dividend
ETF SDY SPDR S&P Global Dividend ETF
WDIV SPDR S&P International Dividend ETF
DWX SPDR S&P International Dividend Currency Hedged ETF
HDWX SPDR S&P Emerging Markets Dividend ETF
EDIV SPDR S&P 500 High Dividend ETF SPYD
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 Corporation. 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 financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide unrivaled access
to markets and asset classes, and allow us to deliver expert
insights and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.4 trillion as of June 30, 2015.
Assets under management include approximately $26.7 billion (as of
June 30, 2015), for which State Street Global Markets, LLC, an
affiliate of SSgA, serves as the distribution 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.
Dividend Paying Securities can fall out of favor causing
securities to underperform companies that do not pay dividends.
Changes in dividend policies of a company may adversely affect fund
performance.
Non-diversified funds invest a greater portion of assets
in fewer securities and therefore may be more vulnerable to adverse
changes in the market.
Equity Securities may increase or decrease as a result of
market fluctuations, changes in interest rates and perceived trends
in stock prices.
Passively managed funds invest by sampling the index,
holding a range of securities that, in the aggregate, approximates
the full Index in terms of key risk factors and other
characteristics. This may cause the fund to experience tracking
errors relative to performance of the index.
Standard & Poor’s®, S&P® and SPDR® 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); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (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 third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
The funds or securities referred to herein are not sponsored,
endorsed, or promoted by MSCI, and MSCI bears no liability with
respect to any such funds or securities or any index on which such
funds or securities are based. The Prospectus contains a more
detailed description of the limited relationship MSCI has with SSGA
Funds Management, Inc. and any related funds.
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. State Street Global Markets,
LLC is the distributor for all registered products on behalf of the
advisor.
Before investing, consider the fund’s investment objectives,
risks, charges and expenses, which are described in the fund’s
prospectus. The following are the principal risks of investing
in the fund: Passive Strategy/Index Risk, Index Tracking Risk,
Equity Investing Risk, Foreign Investment Risk, Emerging Markets
Risk, Geographic Risk, Special Risk Considerations of Investing In
China, Special Risk Considerations Relating to the RQFII Regime and
Investments In A Shares, Stock Connect Investing Risk, A Shares Tax
Risk, Currency and Repatriation Risk, Offshore RMB Risk, Financial
Sector Risk, Derivatives Risk, Investment In Other Investment
Companies Risk, Non-diversification Risk, and Cross-Exchange
Trading Risk. To obtain a prospectus or summary prospectus which
contains information regarding these risks and other information,
call 866.787.2257 or visit spdrs.com. Read it
carefully.
Not FDIC Insured * No Bank Guarantee * May Lose Value
CORP-1642
1 Bloomberg, SSGA: October 20, 20152 Bloomberg, SSGA: October 1,
2015
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version on businesswire.com: http://www.businesswire.com/news/home/20151022006258/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.comorTroy Mayclim, +1
914-686-5552tmayclim@riverinc.com
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