Intellectual Property Information: The S&P 500 ® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. Brokerage commissions and ETF expenses will reduce returns. 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.ĮTFs 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. This may cause the fund to experience tracking errors relative to performance of the index. Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. Please see the prospectus for more details.Įquity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only.
Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. In general, ETFs can be expected to move up or down in value with the value of the applicable index.
