The SPDR® Exchange Traded Funds (ETF) listed in the table below,
announced today that the Fund’s net asset value (“NAV”) will be
impacted by an adjustment to certain foreign tax accruals.
When the Funds calculate their NAV per share on Monday, August
21, 2017, it is estimated that the Fund’s NAV per share will be
increased by the amount stated below based on shares outstanding as
of August 18, 2017.
Fund Per Share Impact SPDR S&P
Emerging Asia Pacific ETF (GMF) $ 0.13 SPDR S&P
Emerging Markets Small Cap ETF (EWX) $ 0.04 SPDR
S&P Emerging Markets ETF (GMM) $ 0.03 SPDR MSCI
Emerging Markets StrategicFactors ETF (QEMM) $ 0.02
SPDR Dow Jones International Real Estate ETF (RWX) $
0.01 SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
(EEMX) $ 0.01 SPDR S&P Emerging Markets Dividend
ETF (EDIV) $ 0.01 SPDR Dow Jones Global Real Estate
ETF (RWO) $ 0.01 SPDR S&P Global Dividend ETF
(WDIV) $ 0.01
SSGA manages approximately $566 billion in SPDR ETF assets
worldwide (as of June 30, 2017) 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 $2.61 trillion as of June 30,
2017. AUM reflects approx. $34 billion (as of June 30, 2017) with
respect to which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) serves as marketing agent; SSGA FD 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.
In general, ETFs can be expected to move up or down in value
with the value of the applicable index. Although ETFs may be bought
and sold on the exchange through any brokerage account, ETFs are
not individually redeemable from the Fund. Investors may acquire
ETFs and tender them for redemption through the Fund in Creation
Unit Aggregations only, please see the prospectus for more
details.All ETFs are subject to risk, including possible loss of
principal.
Foreign (non-U.S.) Securities may be subject to greater
political, economic, environmental, credit and information risks.
Foreign securities may be subject to higher volatility than U.S.
securities, due to varying degrees of regulation and limited
liquidity. These risks are magnified in emerging markets.
Equity securities may fluctuate in value in response to
the activities of individual companies and general market and
economic conditions.
Non-diversified funds that focus on a relatively small
number of securities tend to be more volatile than diversified
funds and the market as a whole.
Passively managed funds hold 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.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
Investments in small-sized companies may involve greater
risks than in those of larger, better known companies. Returns on
investments in stocks of small companies could trail the returns on
investments in stocks of larger companies.
Derivative investments may involve risks such as
potential illiquidity of the markets and additional risk of loss of
principal.
A "value" style of investing emphasizes undervalued
companies with characteristics for improved valuations. This style
of investing is subject to the risk that the valuations never
improve or that the returns on "value" equity securities are less
than returns on other styles of investing or the overall stock
market. Although subject to the risks of common stocks, low
volatility stocks are seen as having a lower risk profile than
the overall markets. However, a fund that invests in low volatility
stocks may not produce investment exposure that has lower
variability to changes in such stocks' price levels.
A "quality" style of investing emphasizes companies with
high returns, stable earnings, and low financial leverage. This
style of investing is subject to the risk that the past performance
of these companies does not continue or that the returns on
"quality" equity securities are less than returns on other styles
of investing or the overall stock market.
Real Estate Investment Trusts (REITS) investing may be
subject to risks including, but not limited to, declines in the
value of real estate, risks related to general economic conditions,
changes in the value of the underlying property owned by the trust
and defaults by borrowers.
Concentrated investments in a particular industry or
sector may be more vulnerable to adverse changes in that industry
or sector.
Currency exchange rates between the US dollar and foreign
currencies may cause the value of the fund’s investments to
decline.
No fossil fuel reserve ownership may have an adverse
effect on a company’s profitability and, in turn, the returns of
the fund.
Mid-sized companies may involve greater risks than in
those of larger, better known companies, including increased
volatility and periods of illiquidity.
Distributor: State Street Global Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect 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
866.787.2257 or visit spdrs.com and respective fund's website. Read
it carefully.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
© 2017 State Street Corporation - All Rights Reserved
Not FDIC Insured –No Bank Guarantee – May Lose Value
CORP-3204
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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