- Title:
SPDR II ETFs - US Select Sector Benchmark Changes - Time:
07:00:07 - Date:
3 Mar 2025 - Category:
Miscellaneous - ID:
9679Y
RNS ANNOUNCEMENT
Date: 3 March 2025
NOTICE TO SHAREHOLDERS
Dear Shareholder,
SSGA SPDR ETFs Europe II plc (the "Company")
|
Fund Name |
ISIN |
|
SPDR S&P U.S. Energy Select Sector UCITS ETF |
IE00BWBXM492 |
|
SPDR S&P U.S. Industrials Select Sector UCITS ETF |
IE00BWBXM724 |
|
SPDR S&P U.S. Materials Select Sector UCITS ETF |
IE00BWBXM831 |
|
SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF |
IE00BWBXM278 |
|
SPDR S&P U.S. Consumer Staples Select Sector UCITS ETF |
IE00BWBXM385 |
|
SPDR S&P U.S. Financials Select Sector UCITS ETF |
IE00BWBXM500 |
|
SPDR S&P U.S. Health Care Select Sector UCITS ETF |
IE00BWBXM617 |
|
SPDR S&P U.S. Technology Select Sector UCITS ETF |
IE00BWBXM948 |
|
SPDR S&P U.S. Utilities Select Sector UCITS ETF |
IE00BWBXMB69 |
|
SPDR S&P U.S. Communication Services Select Sector UCITS ETF |
IE00BFWFPX50 |
(the "Funds")
We are writing to you as a Shareholder of the Company to advise the following changes which will take effect from 24 March 2025, or such later date as the Central Bank notes the revised Supplements to the Prospectus for the Funds (the "Effective Date").
1. Index related changes
On 10 January 2025, S&P Dow Jones Indices, the Funds' Index Provider, announced changes to the constituent weightings rules of the Funds' indices (i.e. S&P Select Sector Daily Capped 25/20 Indices) to adjust the daily capping rules as follows:
i) The indices will use a more relaxed cap on the largest constituent - changing from 23% under current methodology to 33% under the new methodology, and
ii) The indices will no longer cap the sum of the companies with weights greater than 4.8% at 50% of the total index weight.
The Index Provider has also announced Index Names changes as reflected in the table below. The index identifiers will remain the same.
|
Fund |
Current Index Name |
New Index Name |
|
SPDR S&P U.S. Energy Select Sector UCITS ETF |
S&P Energy Select Sector Daily Capped 25/20 Index |
S&P Energy Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Industrials Select Sector UCITS ETF |
S&P Industrials Select Sector Daily Capped 25/20 Index |
S&P Industrials Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Materials Select Sector UCITS ETF |
S&P Materials Select Sector Daily Capped 25/20 Index |
S&P Materials Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF |
S&P Consumer Discretionary Select Sector Daily Capped 25/20 Index |
S&P Consumer Discretionary Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Consumer Staples Select Sector UCITS ETF |
S&P Consumer Staples Select Sector Daily Capped 25/20 Index |
S&P Consumer Staples Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Financials Select Sector UCITS ETF |
S&P Financials Select Sector Daily Capped 25/20 Index |
S&P Financials Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Health Care Select Sector UCITS ETF |
S&P Health Care Select Sector Daily Capped 25/20 Index |
S&P Health Care Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Technology Select Sector UCITS ETF |
S&P Technology Select Sector Daily Capped 25/20 Index |
S&P Technology Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Utilities Select Sector UCITS ETF |
S&P Utilities Select Sector Daily Capped 25/20 Index |
S&P Utilities Select Sector Daily Capped 35/20 Index |
|
SPDR S&P U.S. Communication Services Select Sector UCITS ETF |
S&P Communication Services Select Sector Daily Capped 25/20 Index |
S&P Communication Services Select Sector Daily Capped 35/20 Index |
Please refer to the Index Provider announcement (https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20250110-1476222/1476222_sp-select-sector-daily-capped-25-20-update-20250110.pdf) for more details.
2. Availability of Supplements
The revised Supplements for the Funds will be available on www.ssga.com from the Effective Date:
Further information
Should you have any queries, please contact the SPDR ETF Sales and Support team at [email protected].
SPDR II ETFs - US Select Sector Benchmark Changes07:00:073 Mar 2025Miscellaneous9679Y