State Street Bank and Trust Company, a prominent name in the financial services industry, provides a range of services, including investment management and trust services. As a global financial institution, State Street Corporation and its affiliates, including State Street Global Advisors (SSGA), offer various investment funds, including Exchange Traded Funds (ETFs) under the SPDR brand. Understanding the terms and conditions associated with these investments is paramount for qualified investors.
This overview addresses key disclosures related to investing with State Street and through its associated funds. It is imperative to remember that investment decisions should be made with a clear understanding of the risks involved and after consulting with a financial advisor.
Key Considerations for Investors
Investment Risks and Disclaimers
All investments carry risk, and investments offered by or related to State Street Bank & Trust Company are no exception. These risks include the possibility of losing your initial investment. It is important to note several critical disclaimers:
- Market Fluctuations: The value of investments can fluctuate due to market conditions and other factors. Selling shares may result in gains or losses compared to the original purchase price.
- Fund-Specific Fees: Some funds may impose fees on the sale of shares due to market conditions or other factors.
- No FDIC Insurance: Investments in funds, such as the State Street Institutional Liquid Reserves Fund, are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. There is no legal obligation for the fund’s sponsor to provide financial support.
- ETF Trading: ETFs trade like stocks and are subject to market fluctuations. They may trade above or below their net asset value, and brokerage commissions and ETF expenses will reduce overall returns.
Index Licensing and Trademarks
State Street Global Advisors utilizes various indices, including the S&P 500® Index. It’s important to understand the relationship between State Street and these index providers:
- S&P 500® Index: This index is a product of S&P Dow Jones Indices LLC or its affiliates. It is licensed for use by State Street Global Advisors.
- Trademarks: S&P®, SPDR®, S&P 500®, US 500, and 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”). These trademarks are licensed to S&P DJI and sublicensed for specific purposes by State Street Global Advisors.
- Index Provider Independence: Funds are not sponsored, endorsed, sold, or promoted by S&P DJI, Dow Jones, S&P, or their affiliates. These parties do not provide investment advice regarding these products and bear no liability for index errors, omissions, or interruptions.
Distributor Information and Regulatory Bodies
State Street Global Advisors Funds Distributors, LLC, a subsidiary of State Street Corporation, acts as the distributor for many funds. It is a member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation).
- FINRA BrokerCheck: For more information about State Street’s firm, you can refer to FINRA’s BrokerCheck (FINRA’s BrokerCheck). This resource provides details about brokerage firms and brokers.
- Distributor Network: It’s worth noting that while State Street Global Advisors Funds Distributors, LLC is a primary distributor, other distributors like ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc., handle specific ETFs and are not affiliated with State Street Global Advisors Funds Distributors, LLC.
Investor Qualifications and Site Restrictions
The information provided by State Street Bank & Trust Company is specifically for qualified investors.
- Qualified Investors Only: The website and related information are intended for qualified investors only.
- No Investment Offer: Content should not be construed as a solicitation to buy or sell any security or investment.
- Product Availability: Not all products and services offered by SSGA Intermediary Business are available to all investors. Product availability varies based on investor categories and jurisdictions.
- Jurisdictional Restrictions: The information is not intended for distribution or use in any jurisdiction where such distribution or use would violate local laws or regulations.
Importance of Professional Advice and Prospectus Review
The information provided by State Street is not investment advice. Investors should seek professional guidance and carefully review fund prospectuses.
- Consult Financial Advisors: Investors should consult with their tax and financial advisors to understand how investments align with their individual objectives, tax status, and investment horizon.
- Prospectus Review: Before investing, it is crucial to obtain and carefully read the fund’s prospectus or summary prospectus. This document contains detailed information about investment objectives, risks, charges, and expenses.
- Obtaining Prospectus: Prospectuses can be obtained by calling the provided numbers for ETFs, cash funds, ELFUN, or institutional services or by downloading them from the State Street Global Advisors website.
Conclusion: Informed Investment Decisions with State Street
Investing with State Street Bank & Trust Company and related entities requires careful consideration and understanding of the associated risks and disclosures. This information is designed to provide clarity for institutional and professional investors.
Key takeaways for investors include:
- Acknowledge Investment Risks: All investments involve risk, including potential loss of principal.
- Review Prospectus Diligently: Always read the prospectus before investing to understand fund-specific details and risks.
- Seek Professional Guidance: Consult with financial advisors to ensure investments align with individual financial situations and goals.
- Qualified Investor Focus: Recognize that many offerings are designed for qualified investors.
By staying informed and undertaking thorough due diligence, investors can make well-considered decisions regarding State Street Bank & Trust Company and its investment offerings.
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 for ETFs, 1-877-521-4083 for cash funds, 1-800-242-0134 for ELFUN, or 1-800-997-7327 for institutional services, 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
