State Street Global Advisors Announces Impact of Settlement Payment for SPDR ETFs

BOSTON--(BUSINESS WIRE)--

The SPDR® Exchange Traded Funds (ETFs) listed in the table below, announced today that each Fund will receive a payment related to the Bank of America Corporation class action settlement BAC.

The total payment to be received by each Fund is listed below. When the Funds calculate their net asset value ("NAV") per share on Monday, July 20, 2015, it is estimated that each Fund's NAV will be impacted in the amounts stated below based on shares outstanding as of July 16, 2015.

Fund			Payment Amount			Shares Outstanding as of July 16, 2015			Per Share Impact
SPDR® S&P 500® ETF Trust (SPY)			$28,490,342			874,932,116			$0.0326
SPDR® Dow Jones Industrial AverageSM ETF Trust (DIA)			$3,338,756			70,142,867			$0.0476

SSGA manages approximately $412 billion¹ 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 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. AUM reflects approx. $28 billion (as of 03/31/2015) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

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.

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.

State Street Global Advisors is the investment management arm of State Street Corporation; State Street Global Markets, LLC is a wholly owned subsidiary of State Street Corporation.

¹ This figure does not include $26.7billion for SPDR® GOLD TRUST, which State Street Global Markets, LLC (SSGM) serves as marketing agent.

CORP-1511

View source version on businesswire.com: http://www.businesswire.com/news/home/20150717005800/en/