The SPDR® Exchange Traded Fund (ETF) listed in the table below, announced today that the Fund received a payment as an authorized claimant from a class action settlement related to Hospira, Inc. (NYSE: HSP).
The total payment to be received by the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Friday, September 25, 2015, it is estimated that the Fund’s NAV will be impacted in the amount stated below based on shares outstanding as of September 23, 2015.
Shares Outstanding as of
|SPDR® S&P Pharmaceuticals ETF (XPH)||$126,658||17,600,270||$0.0072|
SSGA manages approximately $439 billion in SPDR ETF assets worldwide (as of June 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 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 unrivaled 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 $2.4 trillion as of June 30, 2015. Assets under management include approximately $26.7 billion (as of June 30, 2015), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.
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 www.spdrs.com. Read it carefully.
Brendan Paul, +1 617-662-2903