The Financial Select Sector SPDR® Fund (NYSE:XLF), SPDR® S&P 500® ETF Trust (NYSE:SPY) and SPDR® Dow Jones Industrial AverageSM ETF Trust (NYSE:DIA) announced on Tuesday September 27, 2011 that each Fund received a payment as an authorized claimant from a settlement related to Bank of America Corp. and the impact to each Fund’s net asset value (“NAV”) per share would occur on Wednesday, September 28, 2011.
The total amount to be recorded by each Fund is listed below. When the Funds calculate their net asset value (“NAV”) per share on Wednesday, September 28, 2011, it is estimated that each Fund’s NAV will be impacted by the receipt of the corresponding payment in the amount stated below based on the shares outstanding as of September 26, 2011.
Shares Outstanding as
|Per Share Amount|
The Financial Select
SPDR S&P 500 ETF
SPDR Dow Jones
State Street Global Advisors* manages $266 billion** in SPDR ETF assets worldwide (as of June 30, 2011) 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 provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street 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 launches with gold, international real estate, international fixed income and sector ETFs. For more information, visit www.spdrs.com.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world’s leading providers of financial services to institutional investors.
*SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank & Trust Company.
**Source: SSgA Global Strategy & Research. This AUM includes the assets of the SPDR Gold Trust (approx. $58 billion [as of June 30, 2011]), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.
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.
Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies.
“SPDR” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors’ rights are described in the prospectus for the applicable product.
The shares of the SPDR S&P 500 ETF represent ownership in the SPDR S&P 500 Trust, a unit investment trust.
The shares of the SPDR Dow Jones Industrial Average ETF represent ownership in the SPDR Dow Jones Industrial Average ETF Trust, a unit investment trust.
ALPS Distributors, Inc., a registered broker dealer, is the distributor for the Select Sector SPDR Trust, the SPDR S&P 500 ETF Trust and the SPDR Dow Jones Industrial Average ETF Trust.
Before investing, consider the funds investment objectives, risks, charges and expenses. To obtain a prospectus or a summary prospectus which contains this and other information for the Select Sector SPDR Trust, the SPDR S&P 500 ETF Trust or the SPDR Dow Jones Industrial Average ETF Trust, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.
SEL 000821 EXP 12-31-2011
Marie McGehee, +1 617-664-1898
facsimile +1 617-664-6316