State Street Global Advisors Announces Changes to the SPDR® Lineup

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today announced changes to the name and index for its SPDR Russell Small Cap Completeness® ETF (RSCO) (the “Fund”). Effective August 31, 2016, the Fund will be renamed the SPDR S&P® 1000 ETF (SMD) and begin tracking the S&P 1000 Index. The Fund’s annual gross expense ratio (0.10 percent) remains unchanged and no action is required by shareholders to effect these changes.

“We continually review our ETF offerings to identify new or improved ways to access the market in order to provide the best solutions to our clients,” said Nick Good, co-head of the Global SPDR business at State Street Global Advisors. “We are excited to offer exposure to domestic small and mid-caps that fits well with our other existing ETFs that track S&P indices in order to provide broader coverage of the US market including large caps, mid caps, small caps, sectors and industries.”

The S&P 1000® Index (the “Index”) combines the S&P MidCap 400® and the S&P SmallCap 600® to form a benchmark for the mid- to small-cap segment of the US equity market. The Index generally comprises companies with unadjusted company market capitalization of $400 million to $5.9 billion at the time of inclusion in the Index that satisfy the Index eligibility criteria.

In addition, State Street Global Advisors has announced a name change to SPYX from SPDR S&P® 500 Fossil Fuel Free ETF to SPDR S&P Fossil Fuel Reserves Free ETF; and a change in expense ratio (gross & net) to TWOK (SPDR Russell 2000® ETF) from 0.12 percent to 0.10 percent as of August 31, 2016.

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 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 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 $2.3 trillion as of June 30, 2016. AUM reflects approx. $40 billion (as of 6/30/2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

IMPORTANT RISK INFORMATION:

Investing involves risk including the risk of loss of principal.

Information represented in this piece does not constitute legal, tax, or investment advice.

Investors should consult their legal, tax, and financial advisors before making any financial decisions.

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.

Investments in small-sized companies may involve greater risks than in those of larger, better known companies.

Investments in mid-sized companies may involve greater risks than in those of larger, better known companies, but may be less volatile than investments in smaller companies.

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.

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.

No fossil fuel reserve ownership may have an adverse effect on a company’s profitability and, in turn, the returns of the fund.

Concentrated investments in a particular industry or sector may be more vulnerable to adverse changes in that industry or sector.

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.

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.

CORP-2157

© 2016 State Street Corporation - All Rights Reserved

State Street Corporation, One Lincoln Street, Boston, MA 02111-2900

Contacts:

State Street Corporation
Andrew Hopkins, +1 617-664-2422
Ahopkins2@StateStreet.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.