The SPDR® Exchange Traded Funds (ETFs) listed in the table below, announced today that each fund received a payment as an authorized claimant from a class action settlement related to Merck & Co., Inc.
The total payment to be received by each Fund is listed below. When the Funds calculate their net asset value (NAV) per share on Wednesday, February 11, 2015, it is estimated that each Fund’s NAV will be impacted in the amounts stated below based on shares outstanding as of February 9, 2015.
as of February 9, 2015
|SPDR® S&P 500® ETF (SPY)||$3,198,040||931,732,116||$0.0034|
|SPDR® Dow Jones® Industrial Average ETF (DIA)||$1,645,794||67,542,867||$0.0244|
|Health Care Select Sector SPDR® Fund (XLV)||$907,754||182,465,324||$0.0050|
|SPDR® S&P® 500 Value ETF (SPYV)||$3,525||2,250,716||$0.0016|
|SPDR® Global Dow ETF (DGT)||$3,163||1,450,464||$0.0022|
|SPDR Russell 3000® ETF (THRK)||$808||1,600,036||$0.0005|
|SPDR® S&P® Pharmaceuticals ETF (XPH)||$411||9,300,135||$0.0000|
|SPDR Russell 1000® ETF (ONEK)||$295||600,000||$0.0005|
State Street manages more than $466.4 billion in SPDR ETF assets worldwide, (as of December 31, 2014) and is one of the largest ETF providers in the US and globally.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been committed to helping our clients, and the millions 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 $2.45 trillion as of December 31, 2014. This AUM total includes the assets of the SPDR Gold Trust (approx. $27.3 billion as of December 31, 2014), 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.
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.
"SPDR" is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by State Street Corporation. Standard & Poor's? and S&P? 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"); SPDR is a trademark of the SPDJI; and these trademarks have been licensed for use by 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 none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of SPDR.
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, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.
Not FDIC Insured * No Bank Guarantee * May Lose Value
Brendan Paul, +1 617-662-2903