State Street Global Advisors Announces Changes to SPDR® ETF Lineup
May 21 2020 - 5:48PM
Business Wire
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced plans to
close and liquidate the SPDR S&P ® Technology Hardware ETF
(XTH) and the SPDR S&P 500 Buyback ETF (SPYB) based on an
ongoing review of the SPDR ETF offering.
The final day for creations in each fund will be May 29, 2020.
Trading of all shares will be suspended on the NYSE Arca at the
open of market on June 1, 2020, and proceeds of the liquidation are
scheduled to be sent to shareholders on or about June 8, 2020.
For additional information on the liquidation, shareholders of
XTH and SPYB can visit ssga.com/etfs.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are sponsored
by affiliates of State Street Global Advisors. 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.ssga.com/etf.
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 US $2.69 trillion* under
our care.
*This figure is presented as of March 31, 2020 and includes
approximately $51.62 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 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.
Concentrated Investments in a particular sector or industry tend
to be more volatile than the overall market and increases risk that
events negatively affecting such sectors or industries could reduce
returns, potentially causing the value of the fund’s share to
decrease.
Equity Securities may fluctuate in value in response to the
activities of individual companies and general market and economic
conditions.
Distributor: State
Street Global Advisors Funds Distributors, 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.
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 www.spdrs.com. Read it carefully.
Not FDIC Insured • No Bank Guarantee • May Lose Value
3092314.1.1.GBL.RTL
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Deborah Heindel +1 617 662 9927 dheindel@statestreet.com
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