State Street Global Advisors Announces Index Changes for Two Fixed Income SPDR ETFs
o State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced changes to the target benchmarks of the SPDR® Portfolio Short Term Treasury ETF (Symbol: SPTS) and SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE). The funds’ names, ticker symbols and annual expense ratios remain unchanged and no action is required by shareholders.
o SPDR Portfolio Short Term Treasury ETF (SPTS) tracks the Bloomberg Barclays 1-5 Year U.S. Treasury Index and will track the Bloomberg Barclays 1-3 Year U.S. Treasury Index.
o SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE) tracks the Bloomberg Barclays Intermediate U.S. Treasury Index, and will track the Bloomberg Barclays 3-10 Year U.S. Treasury Index.
o The index changes detailed above are effective April 30, 2018.