State Street Global Advisors Announces New Benchmarks for Five SPDR® ETFs

State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced changes to the indices and names of five financial industry SPDR ETFs. Effective October 24, 2011, the five SPDR ETFs will seek to track S&P® Select Industry Indices that provide access to the same market segments as funds’ current index and offer broader diversification and reduced concentration risk.

The changes will affect the following SPDR ETFs:



ETF Name


ETF Name



KBW Bank Index


S&P Banks Select Industry Index

SPDR KBW Capital Markets ETF (KCE)

KBW Capital Markets Index

SPDR S&P Capital Markets ETF (KCE)

S&P Capital Markets Select Industry Index

SPDR KBW Insurance ETF (KIE)

KBW Insurance Index

SPDR S&P Insurance ETF (KIE)

S&P Insurance Select Industry Index

SPDR KBW Mortgage Finance ETF (KME)

KBW Mortgage Finance Index

SPDR S&P Mortgage Finance ETF (KME)

S&P Mortgage Finance Select Industry Index

SPDR KBW Regional Banking ETF (KRE)

KBW Regional Banking Index

SPDR S&P Regional Banking ETF (KRE)

S&P Regional Banks Select Industry Index

The funds’ ticker symbols and expense ratios will remain unchanged.

“As a leading manager of industry and sector ETFs, we are constantly reviewing the SPDR ETF offering to improve access to a wide range of asset classes,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In addition to unifying our industry SPDR ETFs around a single index provider, the new S&P indices offer investors greater diversification and a rules-based methodology that enhances transparency.”

The S&P Select Industry Indices are designed to measure the performance of various Global Industry Classification Standard (GICS®) sub-industries, the most detailed level of industry definition. Constituent stocks are members of the S&P Total Market Index, which includes all common equities listed on the NYSE and the NASDAQ US exchanges. Each index in the series comprises a minimum of 35 liquid securities, providing an investable portfolio representing a concentrated industry.

State Street manages more than $245** billion in SPDR ETF assets worldwide (as of September 30, 2011) and is one of the largest ETF providers in the US and globally.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company. The funds provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street created the first ETF in 1993 (SPDR S&P 500® – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through 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

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world’s leading providers of financial services to institutional investors.

*SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank & Trust Company.

**This AUM includes the assets of the SPDR Gold Trust (approx. $64 billion as of September 30, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.

Standard & Poor’s does not sponsor, endorse, sell or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where Standard & Poor’s or its affiliates do not have the necessary licenses. Standard & Poor’s receives compensation in connection with licensing its indices to third parties. It is not possible to directly invest in an index.

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 or visit Read it carefully.



State Street
Marie McGehee, 617-664-1898
River Communications
Troy Mayclim, 914-686-5599

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