State Street Global Advisors Announces Impact of Receiving Settlement Payment for the SPDR S&P Capital Markets ETF
June 05 2015 - 4:45PM
Business Wire
The SPDR® S&P Capital Markets ETF (NYSE: KCE-News),
announced today that the Fund received payment as an authorized
claimant from a class action settlement related to E*TRADE
Financial Corporation (NASDAQ: ETFC).
The total payment to be received by the Fund is listed below.
When the Fund calculates its net asset value (“NAV”) per share on
Monday, June 8, 2015, it is estimated that the Fund’s NAV will be
impacted in the amounts stated below based on shares outstanding as
of June 4, 2015.
Fund
PaymentAmount
Shares Outstandingas of June 4,
2015
Per Share Impact SPDR® S&P Capital Markets ETF
(KCE) $79,905 3,500,000 $0.0228
SSGA manages approximately $429.4 billion in SPDR ETF assets
worldwide (as of April 30, 2015) and is one of the largest ETF
providers in the US and globally.
About State Street Global AdvisorsFor nearly four
decades, State Street Global Advisors has been committed to helping
our clients, and those who rely on them, achieve financial
security. We partner with many of the world’s largest, most
sophisticated investors and financial intermediaries to help them
reach their goals through a rigorous, research-driven investment
process spanning both indexing and active disciplines. With
trillions* in assets, our scale and global reach offer clients
unrivaled access to markets, geographies and asset classes, and
allow us to deliver thoughtful insights and innovative
solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.4 trillion as of March 31,
2015. This AUM total includes the assets of the SPDR Gold Trust
(approx. $28 billion as of March 31, 2015), for which State Street
Global Markets, LLC, an affiliate of State Street Global Advisors,
serves as the marketing agent. Please note that AUM totals are
unaudited.
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs provide
professional investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as the industry pioneer, State Street—in partnership with the
American Stock Exchange—created the first ETF in 1993 (SPDR S&P
500 – Ticker SPY). Since then, we’ve sustained our place as an
industry innovator through the introduction of many ground-breaking
products, including first-to-market successes with gold,
international real estate, international fixed income and sector
ETFs. SPDR ETFs are managed or marketed by SSGA or SSGA Funds
Management, Inc., a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
Standard & Poor's, S&P and SPDR are registered
trademarks of Standard & Poor's Financial Services LLC
(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 Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation. ALPS
Portfolio Solutions Distributors, Inc., a registered broker-dealer,
is distributor for Select Sector SPDRs and ALPS Distributors, Inc.
is distributor for SPDR S&P 500, MidCap SPDRs and SPDR DJIA,
all unit investment trusts. 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 which contains
this and other information call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
CORP-1457
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version on businesswire.com: http://www.businesswire.com/news/home/20150605005967/en/
State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com
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