![]() ![]() The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. To obtain a prospectus or summary prospectus which contains this and other information, call 1-86 download a prospectus or summary prospectus now, or talk to your financial advisor. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.īefore investing, consider the funds' investment objectives, risks, charges and expenses. S&P ®, SPDR ®, S&P 500 ®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”) Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. Intellectual Property Information: The S&P 500 ® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. Brokerage commissions and ETF expenses will reduce returns. This may cause the fund to experience tracking errors relative to performance of the index.ĮTFs 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. Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. ![]() When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers. The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”) however, the Fund may become “non-diversified,” as defined under the 1940 Act, solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). These risks are magnified in emerging markets. securities, due to varying degrees of regulation and limited liquidity. Foreign securities may be subject to higher volatility than U.S. In addition to normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, and from adverse political, social and economic instability in other nations.Įquity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.įoreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Please see the prospectus for more details. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. ![]() Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. market indices, after the Dow Jones Transportation Average.In general, ETFs can be expected to move up or down in value with the value of the applicable index. The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split.įirst calculated on May 26, 1896, the index is the second-oldest among U.S. The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor, which is currently approximately 0.152. Furthermore, the DJIA does not use a weighted arithmetic mean. It is price-weighted, unlike stock indices, which use market capitalization. The DJIA includes only 30 large companies. stock market compared to a broader market index such as the S&P 500. ![]() Many professionals consider it to be an inadequate representation of the overall U.S. The DJIA is one of the oldest and most commonly followed equity indexes. The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. ![]()
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