Reference is made to Executive Order 14032 (also known as EO 13959, as Amended), as published on June 3, 2021 (the “Executive Order”) prohibiting transactions by United States persons in publicly traded securities of certain Chinese companies (referred to in the Executive Order as “Communist Military-Industrial Companies”), as identified in the Executive Order itself and any updated guidance, amendments and annexes published by the U.S. Department of the Treasury’s Office of Foreign Asset Controls (“OFAC”) (collectively, the “Sanctioned Securities”).
State Street Global Advisors, on behalf of ourselves and our affiliates (“SSGA”) and with respect to the US-domiciled and non-US-domiciled investment funds and pools that we manage, including ETFs (the “SSGA Funds”), hereby attests to and confirms, to the best of our knowledge and belief after reasonable inquiry, that any transaction or activity that the SSGA Funds undertake is, and on and after August 2, 2021 will be, legally permitted under the Executive Order.
Furthermore, with respect to the SSGA Funds and investment accounts we manage that track an index, we intend to continue to manage such SSGA Funds and accounts to track such index, as such index may have been revised by the index providers to be compliant with the Executive Order’s requirements. Without limiting the foregoing, where required to comply with the Executive Order, SSGA will divest or will seek to divest the SSGA Funds, other than the Tracker Fund of Hong Kong (TraHK) and certain client accounts managed in Hong Kong, of Sanctioned Securities in accordance with the requirements of and the deadlines established by the Executive Order and published OFAC guidance.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
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.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect 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., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
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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, download a prospectus or summary prospectusnow, or talk to your financial advisor. Read it carefully before investing.
Not FDIC Insured * No Bank Guarantee * May Lose Value