Addition of SPDR® Bloomberg Barclays 3-12 Month T-Bill ETF
Provides Clients Access to Full Spectrum of T-Bill
Maturities
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced the launch of
the SPDR® Bloomberg Barclays 3-12 Month T-Bill ETF (BILS).
Designed to give investors exposure to ultra-short term Treasury
bills, this new SPDR ETF offering covers a maturity range between
the SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and the
SPDR® Portfolio Short Term Treasury ETF (SPTS).
“With clients concerned about negative rates on the shortest end
of the curve, BILS provides an additional ultra-short term Treasury
option for fine tuning fixed income portfolios to meet specific
yield, duration and risk parameters,” said Noel Archard, Global
Head of SPDR Product at State Street Global Advisors. “The launch
of BILS completes our SPDR ETF Treasury suite, which now provides
clients with cost effective access to the entire yield curve based
on duration targets.”
The SPDR® Bloomberg Barclays 3-12 Month T-Bill ETF seeks to
track the performance of the Bloomberg Barclays 3-12 Month U.S.
Treasury Bill Index, which includes all publicly issued U.S.
Treasury Bills that have a remaining maturity of less than 12
months and at least 3 months. As of August 31, 2020, there were
approximately 20 securities in the index.
"At Bloomberg, we're dedicated to providing index solutions that
allow our clients to meet their evolving needs and address the
changing global investment landscape," said Steve Berkley, CEO of
Bloomberg Index Services Limited (BISL). "We are thrilled to work
with State Street Global Advisors as they continue to build out
their ETF suite, utilizing our indices as a strong foundation."
State Street Global Advisors offers a broad suite of fixed
income SPDR ETFs to help investors build custom portfolios to
pursue their goals. This comprehensive lineup includes 33 funds
with over $87 billion in assets providing exposure that ranges from
corporate and credit to high yield and emerging market debt.* For
additional information, visit www.ssga.com.
For more information on the SPDR ETF suite, visit
www.ssga.com/etfs.
*Bloomberg Finance, L.P., and SPDRS.com as of 6/30/2020
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. Recognized as an industry
pioneer, State Street created the first US listed ETF in 1993 (SPDR
S&P 500® – Ticker SPY) and has remained on the forefront of
responsible innovation, as evidenced by the introduction of many
ground-breaking products, including first-to-market launches with
gold, international real estate, international fixed income, and
sector ETFs. 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 $3.05 trillion* under
our care.
*This figure is presented as of June 30, 2020 and includes
approximately $69.52 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 Risk Information
In general, ETFs can be expected to move up or down in value
with the value of the applicable index. Although ETF shares may be
bought and sold on the exchange through any brokerage account, ETF
shares are not individually redeemable from the Fund.
Treasuries are the debt obligations of a national
government. Also known as "government securities," Treasuries are
backed by the credit and taxing power of a country, and are thus
regarded as having relatively little or no risk of default.
Bonds generally present less short-term risk and
volatility than stocks, but contain interest rate risk (as interest
rates rise, bond prices usually fall); issuer default risk; issuer
credit risk; liquidity risk; and inflation risk. These effects are
usually pronounced for longer-term securities. Any fixed income
security sold or redeemed prior to maturity may be subject to a
substantial loss.
Passively managed funds hold a range of securities that,
in the aggregate, approximates the full Index in terms of key risk
factors and other characteristics. This may cause the fund to
experience tracking errors relative to performance of the
index.
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.
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.
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, 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
3251756.1.1.AM.RTL
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version on businesswire.com: https://www.businesswire.com/news/home/20200924005643/en/
Deborah Heindel +1 617 662 9927 DHEINDEL@StateStreet.com
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