Company News »

State Street Global Advisors Announces Impact of Receiving Settlement Payment for the SPDR S&P Capital Markets ETF

Business Wire
Share on StockTwits
Published on

The SPDR(R) S&P Capital Markets ETF (NYSE: KCE-News), announced today that the Fund received payment as an authorized claimant from a class action settlement related to E*TRADE Financial Corporation (NASDAQ:ETFC) .

The total payment to be received by the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Monday, June 8, 2015, it is estimated that the Fund’s NAV will be impacted in the amounts stated below based on shares outstanding as of June 4, 2015.



Shares Outstanding
as of June 4, 2015

Per Share Impact
SPDR(R) S&P Capital Markets ETF (KCE) $79,905 3,500,000 $0.0228

SSGA manages approximately $429.4 billion in SPDR ETF assets worldwide (as of April 30, 2015) and is one of the largest ETF providers in the US and globally.

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, our scale and global reach offer clients unrivaled 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 $2.4 trillion as of March 31, 2015. This AUM total includes the assets of the SPDR Gold Trust (approx. $28 billion as of March 31, 2015), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent. Please note that AUM totals are unaudited.

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.

Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

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. ALPS Portfolio Solutions Distributors, Inc., a registered broker-dealer, is distributor for Select Sector SPDRs and ALPS Distributors, Inc. is distributor for SPDR S&P 500, MidCap SPDRs and SPDR DJIA, all unit investment trusts. 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 Read it carefully.


Share on StockTwits