State Street Global Advisors Announces Impact of Receiving Payment
September 17 2018 - 5:00PM
Business Wire
The SPDR® Exchange Traded Fund (ETF) listed in the table below,
announced today that the Fund received a payment as an authorized
claimant from a class action settlement related to Lehman Brothers
Equity/Debt Securities Litigation.
The total payment to be received by the Fund is listed below.
When the Fund calculates its net asset value (“NAV”) per share on
Tuesday, September 18, 2018, it is estimated that the Fund’s NAV
will be impacted by the amount stated below based on shares
outstanding as of September 14, 2018.
Fund Payment Amount
Shares Outstanding as of Per Share
Impact September 14, 2018
SPDR S&P Capital Markets ETF (KCE)
$31,526 2,050,000 $0.0154
State Street Global Advisors manages approximately $639 billion
in global ETF assets1 and is one of the largest ETF providers in
the US and globally.
1 AUM as of 6/30/18. This figure is presented as of June 30,
2018 and includes approximately $53 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.
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 $53 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.
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. 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
2244590.1.1.NA.RTL
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version on businesswire.com: https://www.businesswire.com/news/home/20180917005773/en/
State Street CorporationKerri Doherty, +1
617-664-1898kcdoherty@statestreet.com
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