BOSTON--(BUSINESS WIRE)--
State Street Global Advisors (SSgA), the investment management business
of State Street Corporation (NYSE: STT), today announced that effective
February 12, 2010, The Financial Select Sector SPDR(R) Fund (ticker: XLF)
will be rebalancing to reflect the addition of Berkshire Hathaway
(BRK/B) to its underlying index. Berkshire Hathaway will become a
component security of the index for The Financial Select Sector SPDR(R)
Fund on or about February 16, 2010. No changes are being made to the
fund's investment objectives or ticker symbol.
To facilitate an orderly rebalancing for the Financial Select Sector
SPDR(R) Fund, the list of securities applicable to all purchase and
redemption orders placed on Friday, February 12, 2010 for The Financial
Select Sector SPDR(R) Fund will be based on post-rebalance index holdings
instead of index holdings as of the close of business on Thursday,
February 11, 2010.
State Street Global Advisors is one of the largest ETF providers
globally with assets under management for SPDR ETFs totaling more than
$204 billion as of December 31, 2009.
About State Street Global Advisors
State Street Global Advisors, the investment management business of
State Street Corporation (NYSE: STT), delivers investment strategies and
integrated solutions to clients worldwide across every asset class,
investment approach and style. With $1.9 trillion in assets under
management at December 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 26
cities worldwide. For more information, visit State Street Global
Advisors at www.ssga.com.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value.
Select Sector SPDR Funds bear a higher level of risk than more broadly
diversified funds. All ETFs are subject to risk, including the possible
loss of principal. Sector ETFs products are also subject to sector risk
and non-diversification risk, which generally results in greater price
fluctuations than the overall market.
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. Standard & Poor's(R), S&P(R), SPDR(R), S&P 500(R) and
Select Sector SPDRs(R) are trademarks of The McGraw-Hill Companies, Inc.,
and have been licensed for use by State Street Bank and Trust Company.
Distributor: State Street Global Markets, LLC, member FINRA, SIPC, 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. ALPS Distributors, Inc., a registered broker-dealer, is
distributor for SPDR shares, MidCap SPDRs and Dow Diamonds, all unit
investment trusts and Select Sector SPDRs.
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.
Corp-0051
Source: State Street Corporation
Contact: State Street Corporation
Marie McGehee, 617-664-1898
or
River Communications
Troy Mayclim, 914-686-5599