Investing is inherently associated with risk, including the potential loss of principal. This is a crucial understanding for all investors, particularly those engaging with sophisticated financial institutions like Street Global Advisors. This article serves as a comprehensive guide for qualified investors, outlining key risk considerations and regulatory information associated with investments offered by Street Global Advisors. It is essential to acknowledge that no part of this content may be reproduced, copied, transmitted, or disclosed to third parties without the express written consent of SSGA.
Understanding Investment Fund Risks
Investing in funds carries inherent market risks and other potential factors. Specifically, it’s important to note that funds may impose fees upon the sale of shares due to prevailing market conditions or other influencing elements. This is a standard practice designed to manage fund stability and protect the interests of long-term investors.
Specific Risks Associated with State Street Institutional Liquid Reserves Fund
For investors considering the State Street Institutional Liquid Reserves Fund, it’s critical to understand specific risks associated with this offering. Principal loss is a possibility when investing in this fund. The share price of the fund is not fixed and is expected to fluctuate. Consequently, the value of shares at the time of sale may be higher or lower than the original purchase price.
Furthermore, under certain circumstances, the fund may impose fees on share sales. These circumstances include adverse market conditions or other factors deemed relevant by the fund managers. Additionally, fees may be required if daily net redemptions exceed a predetermined percentage of the fund’s total net assets. It is paramount to remember that investments in this fund are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. While State Street is the fund’s sponsor, it has no legal obligation to provide financial support to the fund, and investors should not anticipate such support.
ETF Investment Considerations
Exchange Traded Funds (ETFs) offer a dynamic investment avenue but also come with their own set of risk considerations. ETFs trade similarly to stocks, meaning their market value is subject to fluctuations and inherent investment risks. The price at which ETFs trade can be 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 Licensing and its Implications
The S&P 500® Index, a widely recognized benchmark, is utilized by State Street Global Advisors under license from S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”). The trademarks associated with S&P®, SPDR®, S&P 500®, US 500, and the 500, are owned by 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 subsequently sublicensed to State Street Global Advisors for specific purposes. It’s crucial to understand that the fund products are not sponsored, endorsed, sold, or promoted by S&P DJI, Dow Jones, S&P, or their respective affiliates. These entities bear no responsibility for the advisability of investing in these products and hold no liability for any errors, omissions, or interruptions within these indices.
Distributor and Affiliation Information
State Street Global Advisors Funds Distributors, LLC, a member of FINRA and SIPC, acts as the distributor. This entity is 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 noted that ALPS Distributors, Inc., and ALPS Portfolio Solutions Distributor, Inc., are distributors for specific investment trusts but are not affiliated with State Street Global Advisors Funds Distributors, LLC.
Important Notice for Qualified Investors
This website and its content are exclusively intended for qualified investors. The information presented should not 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. Street Global Advisors Intermediary Business provides a range of products and services tailored for different investor categories; however, not all products are available to every investor. The information on this site is not intended for distribution or use in any jurisdiction or country where such distribution or use would violate local laws or regulations.
No Investment Advice and Local Regulatory Compliance
The information provided herein does not constitute investment advice and should not be considered as such. It should not be construed as a solicitation to purchase or an offer to sell any security. This information does not consider any individual investor’s specific investment objectives, strategies, tax status, or investment timeframe. It is strongly recommended to consult with a qualified tax and financial advisor for personalized guidance. While all materials are sourced from what are believed to be reliable sources, there is no guarantee regarding the accuracy of this information, and State Street assumes no liability for decisions made based on this information.
All individuals and entities accessing this site do so under their own initiative and are responsible for adhering to all applicable local laws and regulations. This site is not directed towards 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 Investors Outside the U.S.
The products and services detailed on this website are designed to be available solely to individuals within the United States or to those who are appropriately qualified and permitted under local laws. The content of this website is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell securities to anyone in a jurisdiction where such an action would be unlawful under local securities laws.
Prospectus and Further Information Availability
Prior to making any investment decisions, it is crucial to thoroughly review the funds’ investment objectives, associated risks, charges, and expenses. To obtain a prospectus or summary prospectus containing this essential information, please utilize the provided contact numbers based on the investment type: 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. Alternatively, you can download a prospectus or summary prospectus online or consult with your financial advisor. It is imperative to read these documents 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
