Launched in 2017, the SPDR Portfolio suite was designed to give investors greater choice in low-cost ETFs. Comprising 22 SPDR ETFs that provide low-cost access to a wide range of core equity and fixed income asset classes, the suite of funds has been widely embraced by investors who have added nearly $40 billion of assets to the fund range in just over two years, bringing total assets in the SPDR Portfolio suite to $57.7 billion to date.3 With these changes, nine of 11 low-cost equity SPDR Portfolios ETFs are now benchmarked to S&P indices, driving more consistency across the suite in terms of methodologies and market coverage, simplifying portfolio construction for investors.
In addition to these changes, a voluntary fee waiver of 0.10% will be implemented on the SPDR S&P 600 Small Cap ETF (SLY) to lower the fund’s expense ratio from 0.15% to 0.05% effective as of January 24, 2020.
For more information on State Street’s SPDR ETFs, please visit https://www.ssga.com/us/en/individual/etfs.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.ssga.com.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with nearly US $3.12 trillion4 under our care.