The SPDR® S&P 500 ETF (SPDR Trust, Series I, NYSE: SPY), Dow Diamonds® (DIAMONDS Trust, Series I, NYSE: DIA), The Financial Select Sector SPDR® Fund (NYSE: XLF), SPDR® Dow Jones Total Market ETF (NYSE: TMW), SPDR® Dow Jones Large Cap Growth ETF (NYSE: ELG) and SPDR® DJ Global Titans ETF (NYSE: DGT) announced today that each Fund received payments as eligible claimants from a settlement fund established by the U.S. Securities and Exchange Commission related to American International Group, Inc.
The total amount payable to each Fund is listed below. When each Fund calculates its net asset value (“NAV”) per share on Monday, June 22, 2009, it is estimated that each Fund’s NAV will be impacted by the receipt of the corresponding payments in the amount stated below based on the shares outstanding as of June 18, 2009.
|SPDR® S&P 500 ETF||$8,769,462||689,087,823||$0.0127|
|The Financial Select Sector SPDR® Fund||$1,036,677||464,129,503||$0.0022|
|SPDR® Dow Jones Total Market ETF||$22,520||2,400,124||$0.0094|
|SPDR® Dow Jones Large Cap Growth ETF||$32,495||3,950,121||$0.0082|
|SPDR® DJ Global Titans ETF||$29,377||1,550,442||$0.0189|
State Street manages $139 billion in SPDR ETF assets worldwide (as of March 31, 2009) and is one of the largest ETF providers in the U.S. and globally.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in assets under management as of March 31, 2009, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
Note to Editors: SPDR® Exchange Traded Funds
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.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.
Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; and inflation risk.
REIT funds may be subject to a high degree of market risk due to lack of industry diversification. REIT funds may be subject to other risks including, but not limited to, changes in real estate values or economic conditions, credit risk and interest rate fluctuations and changes in the value of the underlying property owned by the trust and defaults by borrowers.
Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.
The “SPDR” trademark is used under license from The McGraw-Hill Companies, Inc. (“McGraw-Hill”). No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill. S&P® is a trademark of McGraw-Hill and has been licensed for use by State Street Bank and Trust Company.
Distributor (for SPDR ETFs, except as noted below): State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation.
ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.
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.
Exp. Date 6/30/2010