State Street Global Advisors Announces Impact of Receiving Payment
November 09 2018 - 5:37PM
Business Wire
The SPDR® Exchange Traded Funds (ETF) listed in the table below,
announced today that the Funds received a payment as an authorized
claimant from a class action settlement related to Merck & Co.,
Inc. (NYSE: MRK).
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the full release here:
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The total payments to be received by the Funds are listed below.
When the Funds calculate their net asset value (“NAV”) per share on
Monday, November 12, 2018, it is estimated that the Fund’s NAV will
be impacted by the amount stated below based on shares outstanding
as of November 8, 2018.
Fund
PaymentAmount
Shares Outstanding
asofNovember 8, 2019
Per ShareImpact
SPDR Dow Jones Industrial Average ETF (DIA) $ 5,358,369
89,692,867 $ 0.0597 SPDR Global Dow ETF (DGT) $ 33,704
1,100,464 $ 0.0306 SPDR S&P 500 ETF (SPY) $ 8,885,375
950,932,116 $ 0.0093 The Health Care Select Sector SPDR Fund (XLV)
$ 1,485,780 203,715,324 $ 0.0073
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 $2.81 trillion as of September
30, 2018. AUM reflects approx. $28 billion (as of September 30,
2018) 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. Please note that AUM
totals are unaudited.
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.
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 Global Advisors, One Iron Street, Boston, MA
02110
© 2018 State Street Corporation - All Rights Reserved
Not FDIC Insured –No Bank Guarantee – May Lose Value
2312193.1.1.GBL.RTL
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State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com
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