For institutional / professional investors use only.
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Investing is inherently associated with risk, including the potential loss of your principal investment. It’s crucial to understand these risks before making any investment decisions. State Street Global Advisors (SSGA), a leading asset manager affiliated with State Street Bank And Trust Company, provides a range of investment products, and it’s important for investors to be fully aware of the terms and conditions associated with these investments.
This document is designed to provide essential disclosures and risk information related to investments offered by State Street and its affiliates. Reproduction, copying, transmission, or disclosure of this information to third parties without the express written consent of SSGA is prohibited.
Key Considerations for State Street Investment Products
When considering investment products from State Street Global Advisors, including various funds and ETFs, it’s vital to acknowledge the following points:
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Market Conditions and Fund Fees: Be aware that Funds may impose fees on the sale of shares due to prevailing market conditions or other influencing factors. This can affect the value of your investment when you decide to sell.
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State Street Institutional Liquid Reserves Fund Disclosure: Investing in the State Street Institutional Liquid Reserves Fund carries potential financial risks. You could lose money through such an investment. The share price of the Fund is not fixed and is expected to fluctuate. Consequently, when you redeem your shares, they might be worth less than your original purchase price. Furthermore, the Fund may impose sale fees due to market conditions or if daily net redemptions exceed a certain percentage of the Fund’s total net assets. It is critical to understand that investments in this Fund are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. Importantly, the Fund’s sponsor, State Street, has no legal obligation to provide financial support to the Fund, and investors should not rely on any expectation of such support.
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Exchange Traded Funds (ETFs) Risk: ETFs, like stocks, are traded on exchanges and are subject to investment risks. Their market value can fluctuate, and they may trade at prices that are either above or below their net asset value. It’s also important to remember that brokerage commissions and ETF expenses will reduce overall investment returns.
Index Usage and Licensing: S&P 500® Index
Certain State Street products are linked to or utilize indices such as the S&P 500® Index. It’s important to note the following concerning this index:
The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and has been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®, US 500 and the 500 are 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 has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. It is crucial to understand that State Street funds are not sponsored, endorsed, sold, or promoted by S&P DJI, Dow Jones, S&P, or their respective affiliates. These parties make no representations regarding the advisability of investing in these products and bear no liability for any errors, omissions, or interruptions of these indices.
Distribution and Affiliations
State Street Global Advisors Funds Distributors, LLC acts as the distributor for many State Street products. It is a member of FINRA (FINRA) and SIPC (SIPC), and an indirect, wholly-owned subsidiary of State Street Corporation. References to “State Street” may encompass State Street Corporation and its affiliates. Certain State Street affiliates provide services to and receive fees from SPDR ETFs.
It is also important to note the role of ALPS Distributors, Inc., member FINRA, as the distributor for DIA, MDY, and SPY, which are unit investment trusts, and ALPS Portfolio Solutions Distributor, Inc., member FINRA, as the distributor for Select Sector SPDRs. These ALPS entities are not affiliated with State Street Global Advisors Funds Distributors, LLC.
Important Considerations for Qualified Investors
THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY. The information provided on this site and related to State Street investment products is specifically for investors who meet certain qualification criteria, typically institutional and professional investors.
No Offer/Local Restrictions: Nothing on this site should be interpreted as a solicitation to buy or an offer, or recommendation, to acquire or dispose of any security, commodity, or investment, or to engage in any transaction. SSGA Intermediary Business offers a diverse range of products and services tailored to different investor categories. However, not all products are available to all investors. The information presented is not intended for distribution or use in any jurisdiction or country where such distribution or use would violate local laws or regulations.
Not Investment Advice: The information provided here does not constitute investment advice and should not be considered as such. It is not a solicitation to buy or sell securities. It does not account for individual investor objectives, strategies, tax status, or investment horizons. It is essential to consult with your own tax and financial advisor for personalized guidance. While all materials are sourced from what are believed to be reliable sources, State Street makes no warranty regarding the accuracy of this information and accepts no liability for decisions made based on it.
Compliance with Local Laws: All individuals and entities accessing this site do so on their own initiative and are responsible for adhering to applicable local laws and regulations. This site is not intended for any person in any jurisdiction where its publication or availability is prohibited due to nationality, residence, or other reasons. Individuals under such restrictions must not access this site.
Information for Non-U.S. Investors
The investment products and services described on this website are primarily intended for persons within the United States or those qualified and permitted under applicable local laws. The information provided is intended only for such persons. Nothing on this website should be construed as a solicitation to buy or an offer to sell securities to anyone in a jurisdiction where such an offer, solicitation, purchase, or sale would be unlawful under local securities laws.
Before You Invest
Before making any investment decisions, it is critical to carefully consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus containing this and other important information, please utilize the following contact numbers:
- ETFs: 1-866-787-2257
- Cash Funds: 1-877-521-4083
- ELFUN: 1-800-242-0134
- Institutional Services: 1-800-997-7327
You can also download a prospectus or summary prospectus now or consult with your financial advisor. Always read the prospectus carefully before investing.
Important Disclaimers:
Not FDIC Insured * No Bank Guarantee * May Lose Value
AdTrax Code: 6729648.1.1.AM.INST
Expiration Date: 30 June 2025
