Disclaimer
The shares ("Shares") of KBW ETFs are not sponsored, endorsed, sold or promoted by Keefe, Bruyette & Woods ("KBW"). KBW makes no representation or warranty, express or implied, to the owners of the Shares or any member of the public regarding the advisability of investing in securities generally or in the Shares particularly or the ability of the KBW Regional Banking, Capital Markets, Bank, Mortgage Finance, and Insurance Indexes to track general stock market performance. KBW's only relationship to State Street Bank and Trust Company is the licensing of certain trademarks and tradenames of KBW and the KBW Regional Banking, Capital Markets, Bank, Mortgage Finance, and Insurance Indexes which are determined, composed and calculated by KBW without regard to State Street Bank and Trust, the fund, or the Shares. KBW has no obligation to take the needs of State Street Bank and Trust Company or the owners of the shares into consideration in determining, composing, or calculating the KBW Regional Banking, Capital Markets, Bank, Mortgage Finance, and Insurance Indexes. KBW is not responsible for and has not participated in any determination or calculation made with respect to issuance or redemption of the Shares. KBW has no obligation or liability in connection with the administration, marketing or trading of the Shares.
Performance numbers for funds less than 1 year old are cumulative. Performance periods under 1 year reflect performance for the fund and benchmark(s) from the fund's inception date to the periods shown above.
Before investing, consider the funds investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com.
In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETFs may be bought and sold on the exchange through any brokerage account, ETFs are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only, please see the prospectus for more details. Shares of the ETFs funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by KBW or State Street Bank and Trust Company. Funds investing in a single sector may be subject to more volatility than funds investing in a diverse group of sectors. KBW ETFs are distributed by State Street Global Markets, LLC, member FINRA, SIPC. Past performance is not necessarily indicative of future results. ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.
Investing in non-U.S. securities, including ADRs, may entail certain risks. The securities of non-U.S. issuers may not be registered with, nor be subject to, the reporting requirements of the U.S. Securities and Exchange Commission. There may be limited information available on foreign securities. In general, foreign companies are not subject to uniform audit and reporting standards, practices and requirements comparable to those of U.S. companies. In addition, exchange rate movements may have an adverse effect on the value of an investment in a foreign stock and its corresponding dividend payment for U.S. investors. Net dividends to ADR investors are estimated, using withholding tax rate conventions, deemed accurate, but investors are urged to consult their tax advisor for exact dividend computations. Investors who have received this report from KBW or an affiliate may be prohibited in certain states or other jurisdictions from purchasing securities mentioned in this report from KBW or its affiliate(s).
Past performance is not necessarily indicative of future results.
This communication is not an offer to sell or a solicitation to buy the securities mentioned. The information relating to any company herein is derived from publicly available sources and Keefe, Bruyette & Woods, Inc. makes no representation as to the accuracy or completeness of such information.
|
