The Wall Street Journal - 07.10.2019

R6| Monday, October 7, 2019 THE WALL STREET JOURNAL. THE WALL STREET JOURNAL. Monday, October 7, 2019 |R7

Whenyou’recalculatingETFcosts,lookforliquidity.Withoutit,tradingcostscanaddupfast.

SPDRETFs,includingSPYandDIA,trademorethanourtoptwocompetitorscombined.

SeehowliquidityaffectsyourETFownershipatspdrs.com/totalcost.

Ifyoujustfocuson

theExpenseRatio,

whatareyoumissing?

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 http://www.spdrs.com.

Read it carefully.

NotFDICInsured NoBankGuarantee MayLoseValue 2628446.1.1.AM.RTL

Source:BloombergFinanceLP,asof6/6/2019.Basedon180daydollartradingvolume.

ToptwocompetitorsincludeBlackRockandVanguard.Pastperformanceisnota

guaranteeoffutureresults.

ETFstradelikestocks,aresubjecttoinvestmentrisk,fluctuateinmarketvalueandmay

tradeatpricesaboveorbelowtheETF’snetassetvalue.ETFsharesmaynotreadilytrade

inallmarketconditions.BrokeragecommissionsandETFexpenseswillreducereturns.

Equitysecuritiesmayfluctuateinvalueinresponsetotheactivitiesofindividual

companiesandgeneralmarketandeconomicconditions.

SPDR®S&P500®ETFTrustandSPDRDowJones®IndustrialAverageSMETFareunit

investmenttrustslistedonNYSEArca,Inc.

SPDR®,S&PandS&P500areregisteredtrademarksofStandard&Poor’sFinancial

ServicesLLC(S&P),adivisionofS&PGlobal,andhavebeenlicensedforusebyState

StreetCorporation.NofinancialproductofferedbyStateStreetoritsaffiliatesis

sponsored,endorsed,soldorpromotedbyS&P.

ALPSDistributors,Inc.(funddistributor);StateStreetGlobalAdvisorsFundsDistributors,

LLC(marketingagent).