State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced share splits
on 10 SPDR ETFs. The splits lower the funds’ share prices and
increase the number of outstanding shares. The aggregate market
value of shares outstanding is not impacted.
The share split will apply to shareholders of record as of
market close on October 11, 2017 and are payable after market close
on October 13, 2017. The shares will trade at their post-split
price effective October 16, 2017. The SPDR ETFs include:
Ticker Fund Price as
of 9/15/17 Split Est.
Post-Split Price THRK
SPDR Russell 3000® ETF
$185.52 6:1 $30.92 ONEK
SPDR Russell 1000® ETF
$116.80 4:1 $29.20 SMD
SPDR S&P 1000® ETF
$92.42 3:1 $30.81 TWOK
SPDR Russell 2000® ETF
$84.10 3:1 $28.03 SPYG
SPDR S&P 500® Growth ETF
$123.55 4:1 $30.89 SPYV SPDR S&P 500 Value ETF $114.81
4:1 $28.70 GMM
SPDR S&P® Emerging Markets ETF
$74.12 2:1 $37.06 BNDS
SPDR Bloomberg BarclaysAggregate Bond
ETF
$57.90 2:1 $28.95 LWC
SPDR Bloomberg Barclays LongTerm Corporate
Bond ETF
$41.89 3:2 $27.92 TLO
SPDR Bloomberg Barclays LongTerm Treasury
ETF
$73.12 2:1 $36.56
Source: State Street Global Advisors and Bloomberg
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 nearly four decades, State Street Global Advisors has been
committed to helping financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide access to
markets and asset classes, and allow us to deliver expert insights
and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
* Assets under management were $2.61 trillion as of June 30,
2017. AUM reflects approx. $34 billion (as of June 30, 2017) with
respect to which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street
Global Advisors are affiliated.
Important Risk Information:
Equity securities may fluctuate in value in response to
the activities of individual companies and general market and
economic conditions.
Returns on investments in stocks of large U.S. companies
could trail the returns on investments in stocks of smaller and
mid-sized companies.
Investments in mid-sized companies may involve greater
risks than those in larger, better known companies, but may be less
volatile than investments in smaller companies.
Investments in small-sized companies may involve greater
risks than in those of larger, better known companies. Returns on
investments in stocks of small companies could trail the returns on
investments in stocks of larger companies.
Companies with large market capitalizations go in and out
of favor based on market and economic conditions. Larger companies
tend to be less volatile than companies with smaller market
capitalizations. In exchange for this potentially lower risk, the
value of the security may not rise as much as companies with
smaller market capitalizations.
Foreign (non-U.S.) Securities may be subject to greater
political, economic, environmental, credit and information risks.
Foreign securities may be subject to higher volatility than U.S.
securities, due to varying degrees of regulation and limited
liquidity. These risks are magnified in emerging markets.
Bonds generally present less short-term risk and
volatility than stocks, but contain interest rate risk (as interest
rates rise, bond prices usually fall); issuer default risk; issuer
credit risk; liquidity risk; and inflation risk. These effects are
usually pronounced for longer-term securities. Any fixed income
security sold or redeemed prior to maturity may be subject to a
substantial gain or loss.
Non-diversified funds that focus on a relatively small
number of securities tend to be more volatile than diversified
funds and the market as a whole.
Value stocks can perform differently from the market as a
whole. They can remain undervalued by the market for long periods
of time.
Passively managed funds hold a range of securities that,
in the aggregate, approximates the full Index in terms of key risk
factors and other characteristics. This may cause the fund to
experience tracking errors relative to performance of the
index.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
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.
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.
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
CORP-3295
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version on businesswire.com: http://www.businesswire.com/news/home/20170929005804/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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