State Street Global Advisors Announces Changes to SPDR ETF Lineup

Rhea-AI Summary

State Street Global Advisors has announced the closure and liquidation of several SPDR ETFs after a review of their offerings. The affected ETFs include the SPDR Solactive Canada ETF (ZCAN), SPDR Solactive Germany ETF (ZDEU), SPDR Solactive United Kingdom ETF (ZGBR), and others. The last day for creations and redemptions will be March 17, 2021, with trading suspended on March 18. Shareholders can expect to receive liquidation proceeds around March 24, 2021. This decision aims to streamline their ETF offerings and enhance overall portfolio management.

Positive

• Streamlining of ETF offerings may improve management efficiency.
• Potential for better future performance with a refined ETF portfolio.

Negative

• Closure of multiple ETFs could lead to shareholder dissatisfaction.
• Liquidation may result in immediate losses for investors holding these ETFs.

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced plans to close and liquidate the following ETFs (the “Liquidating ETFs”) based on an ongoing review of SPDR ETF offerings.

ETF Name	Ticker
SPDR Solactive Canada ETF	ZCAN
SPDR Solactive Germany ETF	ZDEU
SPDR Solactive United Kingdom ETF	ZGBR
SPDR Solactive Hong Kong ETF	ZHOK
SPDR Solactive Japan ETF	ZJPN
SPDR Dorsey Wright® Fixed Income Allocation ETF	DWFI
SPDR EURO STOXX® Small Cap ETF	SMEZ
SPDR MFS Systematic Core Equity ETF	SYE
SPDR MFS Systematic Growth Equity ETF	SYG
SPDR MFS Systematic Value Equity ETF	SYV

The final day for creations and redemptions in each Liquidating ETF will be March 17, 2021. Trading of all shares will be suspended on each Liquidating ETF’s principal U.S. listing exchange at the open of market on March 18, 2021¹. Each Liquidating ETF will cease operations, liquidate its assets, and prepare to distribute proceeds to shareholders of record on or about March 23, 2021 (the “Liquidation Date”). Proceeds of the liquidation are scheduled to be sent to shareholders remaining on the Liquidation Date on or about March 24, 2021.

For additional information, shareholders can visit www.ssga.com/etfs.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are sponsored by affiliates of State Street Global Advisors. The funds provide investors with the flexibility to select investments that are aligned to their investment strategy. For more information, visit www.ssga.com/etfs.

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 US $3.47 trillion* under our care.

*This figure is presented as of December 31, 2020 and includes approximately $75.17 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Important Information

Investing involves risk including the risk of loss of principal.

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.

Distributor: State Street Global Advisors Funds Distributors, member FINRA, SIPC, a 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.

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 or visit www.spdrs.com. Read it carefully.

Not FDIC Insured • No Bank Guarantee • May Lose Value

3419652.1.1.AM.RTL
Exp.1/31/22

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¹ The principal U.S. listing exchange for each Liquidating ETF other than DWFI is the NYSE Arca, Inc. The principal U.S. listing exchange for DWFI is the NASDAQ Stock Market LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126006146/en/

FAQ

When will the SPDR ETFs liquidation occur?

The final day for creations and redemptions is March 17, 2021, with liquidation proceeds expected to be distributed on or about March 24, 2021.

What are the names of the SPDR ETFs being liquidated?

The liquidated SPDR ETFs include SPDR Solactive Canada ETF (ZCAN), SPDR Solactive Germany ETF (ZDEU), and SPDR Solactive United Kingdom ETF (ZGBR), among others.

What happens to the shares of the liquidated SPDR ETFs on March 18, 2021?

Trading of all shares will be suspended at the open of the market on March 18, 2021.

Who operates the SPDR Exchange Traded Funds?

SPDR ETFs are sponsored by affiliates of State Street Global Advisors.

What is the impact of liquidating the SPDR ETFs on investors?

Investors may experience immediate losses, and those holding shares will need to consider the liquidation process.