State Street Global Advisors Reduces Fees on Four SPDR ETFs
September 05 2018 - 4:06PM
Business Wire
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced reduced
expense ratios for the SPDR Bloomberg Barclays International
Treasury Bond ETF (BWX), SPDR Nuveen S&P High Yield Municipal
Bond ETF (HYMB), SPDR SSGA Income Allocation ETF (INKM) and SPDR
SSGA Multi-Asset Real Return ETF (RLY).
Effective September 4, 2018, the expense ratios of the four
funds, which have approximately $1.89 billion in assets, will be
lowered as follows.
Fund Name Ticker
Previous NetExpense
Ratio
New NetExpense Ratio
SPDR Bloomberg Barclays International Treasury Bond ETF
BWX 0.50%
0.35% SPDR Nuveen S&P High Yield Municipal Bond ETF
HYMB 0.45%*
0.35% SPDR SSGA Income Allocation ETF INKM
0.70% 0.50% SPDR SSGA
Multi-Asset Real Return ETF RLY
0.70% 0.50%
*Previous gross expense ratio: 0.50%.
“We are constantly evaluating the SPDR ETF lineup to meet client
demand,” said Noel Archard, global head of SPDR Product at State
Street Global Advisors. “In reducing the expense ratios of these
four SPDRs we help lower the total cost of ownership for our
clients and ensure the funds are well positioned for growth in the
current market.”
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 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 $2.72 trillion*
under our care.
*This figure is presented as of June 30, 2018 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.
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.
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.
ALPS Distributors, Inc., member FINRA, is distributor for SPDR®
S&P 500®, SPDR® S&P MidCap 400® and SPDR® Dow Jones
Industrial Average, all unit investment trusts. ALPS Portfolio
Solutions Distributor, Inc., member FINRA, is distributor for
Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio
Solutions Distributor, Inc. are not affiliated with State Street
Global Advisors Funds Distributors, LLC.
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
2231589.1.1.NA.RTL
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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