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).