State Street Global Advisors Announces Impact of Receiving Settlement Payment
February 03 2016 - 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 Massey Energy,
Co.
The total payments to be received by the Funds is listed below.
When the Funds calculate their net asset value (“NAV”) per share on
Thursday, February 4, 2016 it is estimated that the Fund’s NAV will
be impacted in the amount stated below based on shares outstanding
as of February 2, 2016.
Fund
PaymentAmount
Shares Outstanding as ofFebruary
2, 2016
Per ShareImpact
SPDR® S&P Metals & Mining ETF (XME)
$1,275,971 16,600,230 $0.0769 The
Energy Select Sector SPDR Fund (XLE) 3,998,125
196,774,200 0.0203
SSGA manages approximately $428 billion in SPDR ETF assets
worldwide (as of December 31, 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 trillion as of December 31,
2015. Assets under management include approximately $22 billion as
of December 31, 2015, for which State Street Global Markets, LLC,
an affiliate of SSGA, serves as the distribution agent.
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.
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 Portfolio Solutions
Distributor, Inc. is distributor for Select Sector SPDRs. ALPS
Portfolio Solutions Distributor, Inc. is not affiliated with State
Street Global Markets, LLC
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.
Not FDIC Insured * No Bank Guarantee * May Lose Value
United States: State Street Global Advisors, One Lincoln Street,
Boston, MA 02111-2900
© 2016 State Street Corporation - All Rights Reserved
Corp-1783
SEL002082
EXP 6/30/16
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version on businesswire.com: http://www.businesswire.com/news/home/20160203006579/en/
State Street CorporationBrendan Paul,
+1-617-662-2903Bpaul2@statestreet.com
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