State Street Global Advisors Announces Impact of Receiving Settlement Payment
April 12 2017 - 5:34PM
Business Wire
The SPDR® Exchange Traded Funds (ETF) listed in the table below,
announced today that each Fund received a one-time settlement
payment.
The total payment to be received by each Fund is listed below.
When the Funds calculate their net asset value (“NAV”) per share on
April 13, 2017, it is estimated that each Fund’s NAV will be
impacted by the amount stated below based on shares outstanding as
of April 11, 2017.
Fund Payment Amount
Shares Outstanding as of April 11, 2017
Per Share Impact SPDR Bloomberg Barclays High
Yield Bond ETF (JNK) $2,890,000
304,023,812 $0. 0095 SPDR Bloomberg
Barclays Short Term High Yield Bond ETF (SJNK)
$2,260,000 130,300,000
$0.0173
SSGA manages approximately $538 billion in SPDR ETF assets
worldwide (as of December 31, 2016) 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 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 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 September
30, 2016. AUM reflects approx. $40 billion (as of 9/30/2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
Important Information
Investing involves risk including the risk of loss of
principal.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.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.
ALPS Distributors, Inc., a registered broker-dealer, is distributor
for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow
Jones Industrial Average, and all unit investment trusts. ALPS
Portfolio Solutions Distributor, Inc. is distributor for Select
Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions
Distributor, Inc. are not affiliated with State Street Global
Markets, LLC.
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.
Not FDIC Insured • No Bank Guarantee • May Lose Value
CORP-2856
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version on businesswire.com: http://www.businesswire.com/news/home/20170412006223/en/
State Street CorporationAndrew Hopkins,
+1-617-664-2422Ahopkins2@StateStreet.com
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