The Strategy seeks an investment return that approximates as closely as practicable, before expenses, the performance of its benchmark index (the "Index") over the long term.
BENCHMARK: S&P 500® Equal Weight Index
The Strategy seeks an investment return that approximates as closely as practicable, before expenses, the performance of its benchmark index (the "Index") over the long term.
BENCHMARK: S&P 500® Equal Weight Index
The Strategy is managed using an "indexing" investment approach, by which State Street IM attempts to approximate, before expenses, the performance of the Index over the long term. There can be no guarantee that the Strategy will achieve its investment objective.
State Street IM will typically attempt to invest in the equity securities comprising the Index, in approximately the same proportions as they are represented in the Index.
Equity securities may include common stocks, preferred stocks, depositary receipts, or other securities convertible into common stock. The Strategy may purchase securities in their initial public offerings ("IPOs"). In some cases, it may not be possible or practicable to purchase all of the securities comprising the Index, or to hold them in the same weightings as they are represented in the Index. In those circumstances, State Street IM may employ a sampling or optimization technique to construct the portfolio in question.
From time to time securities are added to or removed from the Index. State Street IM may sell securities that are represented in the Index, or purchase securities that are not yet represented in the Index, prior to or after their removal or addition to the Index.
The Strategy may at times purchase or sell index futures contracts, or options on those futures, or engage in other transactions involving the use of derivatives, in lieu of investment directly in the securities making up the Index or to enhance the Strategy's replication of the Index return. The Strategy's return may not match the return of the Index.
Note:
The S&P 500® Equal Weight Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by State Street IM. Standard & Poor's® and S&P® 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"). State Street IM's investment products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates.
There are risks involved with investing, including possible loss of principal. You should refer to the Strategy's Disclosure Document (SDD) for a complete description of the risks of investing in the Strategy. Please contact SSGA's relationship management team for a copy of the SDD.