The SPDR� S&P 500 ETF (SPDR Trust, Series I, NYSE: SPY), Dow
Diamonds� (DIAMONDS Trust, Series I, NYSE: DIA), The Financial
Select Sector SPDR� Fund (NYSE: XLF), SPDR� Dow Jones Total Market
ETF (NYSE: TMW), SPDR� Dow Jones Large Cap Growth ETF (NYSE: ELG)
and SPDR� DJ Global Titans ETF (NYSE: DGT) announced today that
each Fund received payments as eligible claimants from a settlement
fund established by the U.S. Securities and Exchange Commission
related to American International Group, Inc.
The total amount payable to each Fund is listed below. When each
Fund calculates its net asset value (�NAV�) per share on Monday,
June 22, 2009, it is estimated that each Fund�s NAV will be
impacted by the receipt of the corresponding payments in the amount
stated below based on the shares outstanding as of June 18,
2009.
Fund � � �
SettlementPayment
� � �
SharesOutstanding as ofJune 18,
2009
� � �
Per ShareAmount
SPDR� S&P 500 ETF � � � $8,769,462 � � � 689,087,823 � � �
$0.0127 Dow Diamonds � � � $3,469,227 � � � 85,284,108 � � �
$0.0407 The Financial Select Sector SPDR� Fund � � � $1,036,677 � �
� 464,129,503 � � � $0.0022 SPDR� Dow Jones Total Market ETF � � �
$22,520 � � � 2,400,124 � � � $0.0094 SPDR� Dow Jones Large Cap
Growth ETF � � � $32,495 � � � 3,950,121 � � � $0.0082 SPDR� DJ
Global Titans ETF � � � $29,377 � � � 1,550,442 � � � $0.0189
State Street manages $139 billion in SPDR ETF assets worldwide
(as of March 31, 2009) and is one of the largest ETF providers in
the U.S. and globally.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of
State Street Corporation (NYSE: STT), delivers investment
strategies and integrated solutions to clients worldwide across
every asset class, investment approach and style. With
$1.4�trillion in assets under management as of March 31, 2009,
State Street Global Advisors has investment centers in Boston, Hong
Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo,
Toronto and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at
www.ssga.com.
Note to Editors: 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�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.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations, all of which may be magnified in emerging
markets.
Bond funds contain interest rate risk (as interest rates rise
bond prices usually fall); the risk of issuer default; and
inflation risk.
REIT funds may be subject to a high degree of market risk due to
lack of industry diversification. REIT funds may be subject to
other risks including, but not limited to, changes in real estate
values or economic conditions, credit risk and interest rate
fluctuations and changes in the value of the underlying property
owned by the trust and defaults by borrowers.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
The �SPDR� trademark is used under license from The McGraw-Hill
Companies, Inc. (�McGraw-Hill�). No financial product offered by
State Street Corporation or its affiliates is sponsored, endorsed,
sold or promoted by McGraw-Hill. S&P� is a trademark of
McGraw-Hill and has been licensed for use by State Street Bank and
Trust Company.
Distributor (for SPDR ETFs, except as noted below): State Street
Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary
of State Street Corporation.
ALPS Distributors, Inc., a registered broker-dealer, is
distributor for SPDR S&P 500, MidCap SPDRs and Dow Diamonds,
all unit investment trusts and Select Sector SPDRs.
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.
IBG-0352
Exp. Date 6/30/2010
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