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The SPDR S&P International Dividend ETF seeks to track the S&P International Dividend Opportunities Index, which includes 100 tradable, exchange-listed stocks from around the world that offer high dividend yields. The stocks included in this index must have a minimum total market capitalization of $1.5 billion, a three-month average daily value traded greater than $10 million, and have traded at least 300,000 shares for each of the preceding six months. Additionally, for inclusion in the index the stocks must meet the following stability factors: positive 5-year earnings growth and profitability - measured by positive earnings per share over the latest 12-month period. Its expense ratio will be 0.45 percent.
"The SPDR S&P International Dividend ETF was developed in response to strong demand from our clients seeking the competitive yield opportunities available from foreign company dividends, which have historically yielded more than those of U.S. companies," said Anthony Rochte, senior managing director at State Street. "Offering efficient, precise exposure to foreign companies with proven track records of generating both attractive income and steady earnings potential; DWX helps to further strengthen our family of international ETFs."
State Street manages more than $158 billion(2) in ETF assets worldwide (as of December 31, 2007) and is one of the largest providers in the United States and globally.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $2.0 trillion in assets under management as of December 31, 2007, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
(1) Source: Pensions & Investments magazine, based on assets under management as of December 31, 2006.
(2)SSgA Funds Management, Inc. manages $158 billion in ETF assets as of December 31, 2007.
ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.
Past performance is no guarantee of future results.
Diversification does not ensure a profit or guarantee against loss.
The "SPDR" trademark is used under license from The McGraw-Hill Companies, Inc. ("McGraw-Hill"). No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill. S&P(R) and S&P 500(R) Index are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by State Street Bank and Trust Company.
Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. A prospectus which contains this and other information about the fund can be obtained by calling 866.787.2257 or speaking to your financial advisor. Read the prospectus carefully before investing.
Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.
10782-0209
SOURCE: State Street Corporation
State Street Corporation Marie McGehee, 617-664-1898 or River Communications Troy Mayclim, 914-686-5599
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