More Results

    From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

    Okay

    SPDR® Loomis Sayles Opportunistic Bond ETF OBND

    Important Risk Disclosure

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    Actively managed funds do not seek to replicate the performance of a specified index. An actively managed fund may underperform its benchmark. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.

    The values of debt securities may increase or decrease as a result of the following: market fluctuations, changes in interest rates, actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments or illiquidity in debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates.

    Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

    While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

    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.

    Intellectual Property Information: 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.

    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 prospectus now, or talk to your financial advisor. Read it carefully before investing.

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $29.94

    as of Oct 21 2021

    Base Currency

    USD

    Assets Under Management

    $41.91 M

    as of Oct 21 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.55%

    Quick Links

    Key Features

    Key Features

    • The SPDR® Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed multi-asset credit strategy that seeks to capture risk premiums in markets it believes offer strong risk-adjusted return potential over a full market cycle due to Loomis Sayles’ credit selection and risk management process 
    • The fund may invest in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments, as well as allocate 100% of the portfolio into non-investment grade rated securities
    • The fund can also invest across the entire maturity curve with the duration of the portfolio (target duration between zero to seven years) managed based on the interest rate views of Loomis Sayles

    About this Benchmark

    About this Benchmark

    The Bloomberg Barclays U.S. Aggregate Bond Index (the “Index”) is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody’s Investors Service, Inc., Standard & Poor’s Financial Services, LLC, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Index is market capitalization weighted.

    Fund Information as of Oct 24 2021

    Fund Information as of Oct 24 2021
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Sub-advisor Investment Manager
    Bloomberg Barclays U.S. Aggregate Bond Index Sep 27 2021 No 0.55% USD Loomis Sayles SSGA Funds Management, Inc.
    Benchmark Bloomberg Barclays U.S. Aggregate Bond Index
    Inception Date Sep 27 2021
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.55%
    Base Currency USD
    Sub-advisor Loomis Sayles
    Investment Manager SSGA Funds Management, Inc.
    Distributor Distribution Frequency
    State Street Global Advisors Funds Distributors, LLC Monthly
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Oct 24 2021

    Listing Information as of Oct 24 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    Cboe BZX Exchange, Inc Sep 28 2021 USD OBND 78470P804 US78470P8041
    Exchange Cboe BZX Exchange, Inc
    Listing Date Sep 28 2021
    Trading Currency USD
    Ticker OBND
    CUSIP 78470P804
    ISIN US78470P8041

    Fund Characteristics as of Oct 21 2021

    Fund Characteristics as of Oct 21 2021
    Number of Holdings Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 Average Price Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.
    188 3.54% 7.83 $101.99 3.30% 3.14% 3.80 years
    Number of Holdings 188
    Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 3.54%
    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 7.83
    Average Price $101.99
    Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 3.30%
    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 3.14%
    Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

    		 3.80 years
    Option Adjusted Spread Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.
    108.30 3.28%
    Option Adjusted Spread 108.30
    Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    		 3.28%

    Index Characteristics as of Oct 21 2021

    Index Characteristics as of Oct 21 2021
    Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield
    12,226 2.58% 8.67 $105.43 1.71% 0.43% 2.37%
    Number of Holdings 12,226
    Average Coupon 2.58%
    Average Maturity in Years 8.67
    Average Price $105.43
    Average Yield To Worst 1.71%
    Convexity 0.43%
    Current Yield 2.37%
    Option Adjusted Duration Option Adjusted Spread Real Adjusted Duration Yield to Maturity
    6.74 years 31.73 6.65 years 1.72%
    Option Adjusted Duration 6.74 years
    Option Adjusted Spread 31.73
    Real Adjusted Duration 6.65 years
    Yield to Maturity 1.72%

    Yields as of Oct 22 2021

    Yields as of Oct 22 2021
    Fund Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
    0.00%
    Fund Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 0.00%

    Fund Market Price as of Oct 21 2021

    Fund Market Price as of Oct 21 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $29.99 $29.99 $30.06 $29.91 2,546 0.18% 0.17%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $29.99
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $29.99
    Day High $30.06
    Day Low $29.91
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 2,546
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.18%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.17%
    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)
    Number of Days Summary
    Calendar Year 2020 First Quarter of 2021 Second Quarter of 2021 Third Quarter of 2021
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.

    		 - - - 3
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.

    		 - - - 0
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.
    Calendar Year 2020 -
    First Quarter of 2021 -
    Second Quarter of 2021 -
    Third Quarter of 2021 3
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.
    Calendar Year 2020 -
    First Quarter of 2021 -
    Second Quarter of 2021 -
    Third Quarter of 2021 0
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Premium/discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter.

    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 prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Oct 21 2021

    Fund Net Cash Amount as of Oct 21 2021
    Net Cash Amount
    $1,252,334.40
    Net Cash Amount $1,252,334.40

    Fund Net Asset Value as of Oct 21 2021

    Fund Net Asset Value as of Oct 21 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $29.94 1.40 M $41.91 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $29.94
    Shares Outstanding 1.40 M
    Assets Under Management $41.91 M
    Most Recent NAV / NAV History

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Oct 21 2021
    Index Top Holdingsas of Oct 21 2021

    Fund Top Holdings as of Oct 21 2021

    Name Market Value Identifier Weight
    90DAY EURO$ FUTR DEC22 0 USD 84,349,750.00 EDZ2 297.06%
    SPDR BLACKSTONE/GSO SEN LOAN USD 1,932,311.10 US78467V6083 6.81%
    US DOLLAR USD 964,938.46 CASH_USD 3.40%
    US ULTRA BOND(CBT DEC21 0 USD 948,593.75 WNZ1 3.34%
    DIRECTV TLB L+500 LF75 5.75 USD 07/22/2027 676,447.08 LX196261 2.38%
    ODART 2021-1A A 144A .87 USD 07/14/2028 597,032.03 US682687AA60 2.10%
    EW SCRIPPS TLB L+256.25 LF 75 3.3125 USD 05/01/2026 524,249.25 LX184553 1.85%
    MEDLINE TLB L+325 LF50 3.63088 USD 08/30/2028 500,510.00 LX198398 1.76%
    UNITED AIRLINES TLB L+375 LF75 4.5 USD 04/21/2028 430,008.94 LX194289 1.51%
    INTESA SANPAOLO SPA 144A W/O RTS 4.95 USD 06/01/2042 413,995.00 US46115HBS58 1.46%
    Download All Holdings: Daily

    Index Top Holdings as of Oct 21 2021

    Name Weight
    Fannie Mae Pool 2 05/25/2050 1.57%
    Freddie Mac 2 06/25/2050 1.34%
    Fannie Mae Pool 2 03/25/2051 1.21%
    Fannie Mae Pool 2.5 02/25/2050 1.15%
    Freddie Mac 2 03/25/2051 1.11%
    Fannie Mae Pool 2.5 03/25/2051 0.87%
    Freddie Mac 2.5 03/25/2050 0.78%
    Ginnie Mae II Pool 2 12/20/2050 0.75%
    Ginnie Mae II Pool 2.5 03/20/2050 0.74%
    Freddie Mac 2.5 04/25/2051 0.68%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Oct 21 2021
    Index Sector Breakdownas of Oct 21 2021

    Fund Sector Breakdown as of Oct 21 2021

    Sector Weight
    Industrial 57.52%
    Financial Institutions 22.71%
    Unclassified 6.80%
    CLO 6.18%
    ABS 2.10%
    Utility 0.94%
    CMBS 0.35%
    OTHER 3.40%

    Index Sector Breakdown as of Oct 21 2021

    Sector Weight
    Treasury 38.61%
    Mortgage Backed Securities 27.46%
    CORPORATE - INDUSTRIAL 15.77%
    Corporate - Finance 8.08%
    Corporate - Utility 2.13%
    CMBS 2.05%
    Non Corporates - Supranationals 1.41%
    Agency 1.35%
    Non Corporates - Sovereigns 1.04%
    Non Corporates - Foreign Local Govt 0.98%
    Non Corporates - Foreign Agency 0.84%
    Asset Backed Securities 0.28%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Oct 21 2021
    Index Quality Breakdownas of Oct 21 2021

    Fund Quality Breakdown as of Oct 21 2021

    Name Weight
    Cash 3.40%
    AAA 2.10%
    AA3 1.07%
    A1 0.52%
    A2 2.72%
    A3 1.58%
    BAA1 4.43%
    BAA2 8.13%
    BAA3 17.58%
    BA1 5.76%
    BA2 3.26%
    BA3 9.58%
    B1 11.22%
    B2 12.39%
    B3 5.45%
    CAA1 0.30%
    NR 10.52%

    Index Quality Breakdown as of Oct 21 2021

    Name Weight
    Aaa 71.37%
    Aa 3.30%
    A 11.25%
    Baa 14.08%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Oct 21 2021
    Index Maturity Ladderas of Oct 21 2021

    Fund Maturity Ladder as of Oct 21 2021

    Name Weight
    0 - 1 Year 11.01%
    1 - 2 Years 1.71%
    2 - 3 Years 8.14%
    3 - 5 Years 20.05%
    5 - 7 Years 25.36%
    7 - 10 Years 19.27%
    10 - 15 Years 1.05%
    15 - 20 Years 6.54%
    20 - 30 Years 4.29%
    > 30 Years 2.57%

    Index Maturity Ladder as of Oct 21 2021

    Name Weight
    1 - 2 Years 10.31%
    2 - 3 Years 9.24%
    3 - 5 Years 21.92%
    5 - 7 Years 22.18%
    7 - 10 Years 16.84%
    10 - 15 Years 1.54%
    15 - 20 Years 4.70%
    20 - 30 Years 12.23%
    > 30 Years 1.05%

    Region Weights

    Region Weights
    Fund Region Weightsas of Oct 21 2021

    Fund Region Weights as of Oct 21 2021

    Region Weight
    Region Weight
    North America 85.61%
    Europe - Euro Zone 9.56%
    Other 3.40%
    Great Britain 0.94%
    Latin America Emerging Market 0.42%
    Asia Emerging Market 0.07%

    Geographical Breakdown

    Geographical Breakdown
    Fund Documents
    Information & Schedules
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR® Loomis Sayles Opportunistic Bond ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    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.

    SSGA Funds Management, Inc. has retained Loomis Sayles as the investment sub-adviser to the fund. State Street Global Advisors Funds Distributors, LLC is not affiliated with Loomis Sayles.

    Content on this site is approved for Investment Professional use only.

     

    View More Information About Our Firm: FINRA's BrokerCheck

     

    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.
     

    THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY.
     

    No Offer/Local Restrictions
     

    Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
     

    All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.

    Information for Non-U.S. Investors:
     

    The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
     

    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 prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

    Not FDIC Insured * No Bank Guarantee * May Lose Value

    2732006.6.1.AM.INST

     

    Sitemap

    © 2021 %%State Street Corporation%%. All rights reserved.