State Street Global
Advisors, the asset
management business of State Street Corporation (NYSE: STT),
announced recent changes to the names and ticker symbols of six
SPDR ETFs designed to provide investors with exposure to companies
whose innovative products and services are fueling the new economy.
No action is required by current shareholders as a result of these
changes.
The name changes reflect
S&P Global’s acquisition of Kensho Technologies and new
benchmark index names. The new tickers now better reflect the
unique investment thesis for each exposure.
Effective June 25, 2019, the
following SPDR ETFs changed names and tickers:
Previous Ticker
Previous Fund Name
New Ticker
New Fund Name
KOMP
SPDR
Kensho New Economies Composite ETF
KOMP
SPDR
S&P Kensho New Economies Composite ETF
XKFS
SPDR
Kensho Future Security ETF
FITE
SPDR
S&P Kensho Future Security ETF
XKST
SPDR
Kensho Smart Mobility ETF
HAIL
SPDR
S&P Kensho Smart Mobility ETF
XKII
SPDR
Kensho Intelligent Structures ETF
SIMS
SPDR
S&P Kensho Intelligent Structures ETF
XKFF
SPDR
Kensho Final Frontiers ETF
ROKT
SPDR
S&P Kensho Final Frontiers ETF
XKCP
SPDR
Kensho Clean Power ETF
CNRG
SPDR
S&P Kensho Clean Power ETF
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 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 four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of active and
index strategies to create cost-effective solutions. As stewards,
we help portfolio companies see that what is fair for people and
sustainable for the planet can deliver long-term performance. And,
as pioneers in index, ETF, and ESG investing, we are always
inventing new ways to invest. As a result, we have become the
world’s third largest asset manager with nearly US $2.80 trillion*
under our care.
* This figure is presented as of March 31, 2019 and includes
approximately $33 billion of assets with respect to SPDR products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
Important Risk Information:
Concentration Risk: When a Fund focuses its investments
in a particular industry or sector, financial, economic, business,
and other developments affecting issuers in that industry, market,
or economic sector will have a greater effect on the Fund than if
it had not done so.
Indexing Strategy/Index Tracking Risk: Index-based 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.
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.
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.
Multi-cap investments include exposure to all market
caps, including small and medium capitalization (“cap”) stocks that
generally have a higher risk of business failure, lesser liquidity
and greater volatility in market price. As a consequence, small and
medium cap stocks have a greater possibility of price decline or
loss as compared to large cap stocks. This may cause the Fund not
to meet its investment objective.
Technology companies, including cyber security companies,
can be significantly affected by obsolescence of existing
technology, limited product lines, competition for financial
resources, qualified personnel, new market entrants or impairment
of patent and intellectual property rights that can adversely
affect profit margins.
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.
Equity securities may fluctuate in value in response to
the activities of individual companies and general market and
economic conditions.
Index-based 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.
The trademarks and service marks referenced herein are the
property of their respective owners. Third party data providers
make no warranties or representations of any kind relating to the
accuracy, completeness or timeliness of the data and have no
liability for damages of any kind relating to the use of such
data.
KENSHO© is a registered service mark of Kensho Technologies Inc.
(“Kensho”), and all Kensho financial indices in the Kensho New
Economies© family and such indices’ corresponding service marks
have been licensed by the Licensee in connection with the SPDR
S&P Kensho Intelligent Structures ETF, SPDR S&P Kensho
Smart Mobility ETF, SPDR S&P Kensho Future Security ETF, SPDR
S&P Kensho Clean Power ETF, SPDR S&P Kensho Final Frontiers
ETF and SPDR S&P Kensho New Economies Composite ETF
(collectively, the “SPDR ETFs”). The SPDR ETFs are not marketed,
sold, or sponsored by Kensho, Kensho’s affiliates, or Kensho’s
third party licensors.
Kensho is not an investment adviser or broker-dealer and Kensho
makes no representation regarding the advisability of investing in
any investment fund, other investment vehicle, security or other
financial product regardless of whether or not it is based on,
derived from, or included as a constituent of any Kensho New
Economies© family index. Kensho bears no responsibility or
liability for any business decision, input, recommendation, or
action taken based on Kensho indices or any products based on,
derived from, or included as a constituent of any such index. All
referenced names and trademarks are the property of their
respective owners.
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC, a
division of S&P Global (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.
Distributor: State Street Global Advisors Funds
Distributors, LLC, member FINRA, SIPC.
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 or visit spdrs.com. Read it carefully.
© 2019 State Street Corporation - All Rights Reserved
Expiration date: 7/31/2020
2618354.1.1.AM.RTL
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version on businesswire.com: https://www.businesswire.com/news/home/20190702005142/en/
Olivia Offner +1 617-662-0198 ooffner@statestreet.com
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