State Street Global Advisors Announces Impact of Receiving Settlement Payment
The SPDR® Exchange Traded Fund (ETF) listed in the table below, announced today that the Fund received a payment as
authorized claimant from a class action settlement related to Aeropostale, Inc. (NYSE: ARO ).
The total payment to be received by the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on
Tuesday, June 13, 2017, it is estimated that the Fund’s NAV will be impacted by the amount stated below based on shares outstanding
as of Friday, June 9, 2017.
Fund |
|
|
Payment Amount |
|
|
Shares Outstanding as of
June 9, 2017
|
|
|
Per Share Impact |
SPDR S&P Retail ETF (XRT) |
|
|
$140,176 |
|
|
7,900,226 |
|
|
$0.0177 |
SSGA manages approximately $558 billion in SPDR ETF assets worldwide (as of March 31, 2017) and is one of the largest ETF
providers in the US and globally.
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 $2.56 trillion as of March 31, 2017. AUM reflects approx. $33.33 billion (as of
March 31, 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
Investing involves risk including the risk of loss of principal.
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.
Funds investing in a single sector may be subject to more volatility than funds investing in a diverse group of
sectors.
Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low
fees or costs.
Diversification does not ensure a profit or guarantee against loss.
Equity securities may fluctuate in value in response to the activities of individual companies and general market and
economic conditions.
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 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 objective, 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.
© 2017 State Street Corporation. All Rights Reserved.
State Street Corporation, One Lincoln Street, Boston, MA 02111
Not FDIC Insured - No Bank Guarantee - May Lose Value
CORP-3023
State Street Corporation
Andrew Hopkins, +1 617-664-2422
Ahopkins2@StateStreet.com
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