State Street Global Advisors Announces Annual Rebalancing of the SSGA Gender Diversity Index, Adds 88 New Companies to
Index
State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), announced recent
updates to the composition of the SSGA Gender Diversity Index (Index).
The Index, which was first launched in March 2016, tracks US exchange-listed large capitalization companies with the highest
levels of gender diversity within their sectors on their boards of directors and in their senior leadership.
The top ten companies added to the Index as a result of the annual rebalance, effective after the close of trading on July 15,
2016, according to Index weighting, include Pfizer Inc., PepsiCo, 3M, Mastercard, Starbucks, DuPont, Biogen, Salesforce, Target,
and The Kroger Co.
“We applaud the new additions for their efforts in confronting the gender diversity challenge by hiring and retaining women in
senior leadership,” said Ronald O’Hanley, president and chief executive officer of State Street Global Advisors. “As an
organization, we are deeply committed to helping to close the gender gap in the workplace, but cannot achieve this goal on our own.
We need to work together to strengthen gender diversity and inclusion practices across corporate America.”
The SSGA Gender Diversity Index is rebalanced on an annual basis to ensure that the selection of the constituents continues to
reflect the underlying Index objective: tracking the performance of US large-capitalization companies that are leaders within their
sectors in advancing women through gender diversity on their boards of directors and in senior leadership positions. Pursuant to
the rules-based Index methodology, SSGA conducted a comprehensive review of the companies listed in the Index and added 88 new
corporations that have made their mark in achieving the highest levels of senior leadership gender diversity within their
sectors.
“Companies in the Index have demonstrated a track record of employing women in their senior management ranks,” said Jennifer
Bender, director of research for the global equity beta solutions group. “By focusing on US companies that have the highest
percentages of women in senior leadership positions relative to their sector peers, we designed this Index as an effort to reflect
companies that are committed to gender diversity.”
According to a 2015 MSCI1 study that explored global trends in gender diversity on corporate boards between December
2009 and August 2015, companies with at least three female board members, or companies with a higher percentage of women on the
board than its country’s average, performed better as measured by return on equity (10.1% per year versus 7.4% for all other
companies).2 Despite these findings, American women account for an average of just 16 percent of the members of
executive teams.3
In March 2016, SSGA introduced the SPDR® SSGA Gender Diversity Index ETF (the “Fund”) (Ticker: SHE), which is designed to track
the performance of the SSGA Gender Diversity Index. The Fund is distributed by State Street Global Markets, LLC.
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 under management, 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 Information
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.
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.
Past performance is not a guarantee of future results.
Equity securities are volatile and can decline significantly in response to broad market and economic conditions.
Non-diversified funds that focus on a relatively small number of issuers 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.
Concentrated investments in a particular industry or sector may be more vulnerable to adverse changes in that industry or
sector.
Gender Diversity Risk: The returns on a portfolio of securities that excludes companies that are not gender diverse may
trail the returns on a portfolio of securities that includes companies that are not gender diverse.
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.
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 fund’s 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
web: www.ssga.com
© 2016 State Street Corporation — All Rights Reserved.
CORP-2168
Exp. Date: 8/31/17
1 The methodology used in MSCI’s study is different than that of the Index, and as such, the results of the study
should not be viewed as indicative of the future performance of the Index.
2 Return on equity is not representative of the performance of any investment or the potential return of Index.
3 Lee, Linda-Eling , et al. Women on Boards: Global Trends in Gender Diversity on Corporate Boards, MSCI, November
2015. Accessed on February 17th, 2016 at: https://www.msci.com/documents/10199/04b6f646-d638-4878-9c61-4eb91748a82b
State Street Corporation
Andrew Hopkins, +1-617-664-2422
Ahopkins2@StateStreet.com
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