News Details

BOSTON--(BUSINESS WIRE)-- State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), today announced it will rebalance the holdings of eight SPDR^(R) exchange traded funds that seek to track S&P Select Industry Indices on June 19, 2009 in accordance with the new procedural changes implemented by Standard & Poor's.

Beginning with the June 2009 rebalancing of the S&P Select Industry Indices, Standard & Poor's will rebalance the indices to equal weights using closing prices on the second Friday of the rebalancing month (i.e. the stock price reference date is one week prior to the rebalancing date effective date). The rebalancing effective date will remain after the close of the third Friday of the month.

The SPDR ETFs based on S&P Select Indices include:

    --  SPDR S&P Retail ETF (Symbol: XRT)
    --  SPDR S&P Homebuilders ETF (XHB)
    --  SPDR S&P Oil & Gas Equipment & Services ETF (XES)
    --  SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
    --  SPDR S&P Pharmaceuticals ETF (XPH)
    --  SPDR S&P Biotech ETF (XBI)
    --  SPDR S&P Metals & Mining ETF (XME)
    --  SPDR S&P Semiconductor ETF (XSD)

State Street Global Advisors is one of the largest ETF providers in the United States and globally. US assets under management for SPDR ETFs totaled more than $129.5 billion as of March 31, 2009.

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 at 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.

SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company.

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 ETF- 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.

The "SPDR^(R)" 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.

ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.

Distributor: State Street Global Markets, LLC, member FINRA, SPIC, a 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 fund's 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-0282

    Source: State Street Corporation