State Street Global Advisors Announces SPDR® ETF Share Splits

Friday, September 29, 2017 6:00 pm EDT

Dateline:

BOSTON

Public Company Information:

NYSE:
STT
US8574771031

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced share splits on 10 SPDR ETFs. The splits lower the funds’ share prices and increase the number of outstanding shares. The aggregate market value of shares outstanding is not impacted.

The share split will apply to shareholders of record as of market close on October 11, 2017 and are payable after market close on October 13, 2017. The shares will trade at their post-split price effective October 16, 2017. The SPDR ETFs include:

               
Ticker     Fund     Price as of 9/15/17     Split     Est. Post-Split Price
THRK

SPDR Russell 3000® ETF

$185.52 6:1 $30.92
 
ONEK

SPDR Russell 1000® ETF

$116.80 4:1 $29.20
 
SMD

SPDR S&P 1000® ETF

$92.42 3:1 $30.81
 
TWOK

SPDR Russell 2000® ETF

$84.10 3:1 $28.03
 
SPYG

SPDR S&P 500® Growth ETF

$123.55 4:1 $30.89
 
SPYV SPDR S&P 500 Value ETF $114.81 4:1 $28.70
 
GMM

SPDR S&P® Emerging Markets ETF

$74.12 2:1 $37.06
 
BNDS

SPDR Bloomberg Barclays
Aggregate Bond ETF

$57.90 2:1 $28.95
 
LWC

SPDR Bloomberg Barclays Long
Term Corporate Bond ETF

$41.89 3:2 $27.92
 
TLO

SPDR Bloomberg Barclays Long
Term Treasury ETF

$73.12 2:1 $36.56
     

 

                 

Source: State Street Global Advisors and Bloomberg

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 $2.61 trillion as of June 30, 2017. AUM reflects approx. $34 billion (as of June 30, 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:

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Returns on investments in stocks of large U.S. companies could trail the returns on investments in stocks of smaller and mid-sized companies.

Investments in mid-sized companies may involve greater risks than those in larger, better known companies, but may be less volatile than investments in smaller companies.

Investments in small-sized companies may involve greater risks than in those of larger, better known companies. Returns on investments in stocks of small companies could trail the returns on investments in stocks of larger companies.

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.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Value stocks can perform differently from the market as a whole. They can remain undervalued by the market for long periods of time.

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.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

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.

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 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

CORP-3295

Contact:

State Street Corporation
Andrew Hopkins, +1 617-664-2422
Ahopkins2@StateStreet.com

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