Terms and Conditions

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. BY ACCESSING SPDRS.COM AND ANY PAGES THEREOF (the "Site"), INCLUDING THE SPDR ETF BLOG (the “Blog”),YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS LISTED BELOW. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF.

The following entities are broker-dealers which offer investment and brokerage products and services on this Site:

SPDR® ETFs are distributed 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.

ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.

The following SSGA companies also present product and services information on this Site, but are not broker-dealers:

State Street Global Advisors (SSGA) is the investment management arm of State Street Corporation. SSGA focuses on delivering investment strategies and integrated solutions to institutional and individual investors worldwide.

As one of the world's largest investment managers, SSGA has established a global presence with several locations and investment centers. SSGA clients depend on SSGA to provide sophisticated, customized investment solutions backed by the experience and technology to help them succeed in today's challenging investment environment.

SSGA Funds Management, Inc. ("SSGA FM") is a wholly owned subsidiary of State Street Corporation and serves as the investment adviser to the SPDR ETFs.

No Offer/Local Restrictions

Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.

Information for Non-U.S. Investors

The products and services described on this Site are intended to be made available only to persons in the United States, and the information on this Site is only for such persons. Nothing on this Site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

No Reliance

Information contained in the Site is checked and updated by SSGA - Intermediary Business with due diligence on a regular basis. However, data on the Site may become outdated. Therefore, neither SSGA - Intermediary Business nor U.S. affiliates of SSGA, including but not limited to State Street Corporation, State Street Global Markets, LLC, and State Street Global Advisors (collectively hereinafter referred to as "Affiliates") assumes any liability or guarantee for the timeliness, accuracy and completeness of the information provided. SSGA - Intermediary Business uses reasonable efforts to obtain information from sources that it believes to be reliable; however, SSGA - Intermediary Business and its Affiliates makes no representation that the information or opinions contained on the Site is accurate, reliable or complete. The information on the Site is provided for informational purposes only and is subject to change without notice. The investments and strategies discussed in the contents may not be suitable for all investors and are not obligations of SSGA or guaranteed by SSGA or its Affiliates. The investments are not bank deposits and are not insured by the FDIC, CIPF, CDIC or any other entity and are subject to investment risks, including the loss of the principal amount invested. Nothing contained on the Site constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

No Warranty

THE INFORMATION ON THE SITE IS PROVIDED "AS IS". NEITHER SSGA - INTERMEDIARY BUSINESS NOR U.S. AFFILIATES OF SSGA, INCLUDING BUT NOT LIMITED TO STATE STREET CORPORATION, STATE STREET GLOBAL MARKETS, LLC, AND STATE STREET GLOBAL ADVISORS WARRANTS THE ACCURACY OF THE MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EACH EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Limitations of Liability

In no event, including negligence, will SSGA - Intermediary Business nor U.S. affiliates of SSGA, including but not limited to State Street Corporation, State Street Global Markets, LLC, and State Street Global Advisors, be liable for any loss or damage of any kind, including any direct, special indirect or consequential damages arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the Site.

Indemnification

As a condition of your use of this Site, you agree to indemnify and hold SSGA - Intermediary Business and U.S. affiliates of SSGA, including but not limited to State Street Corporation, State Street Global Markets, LLC, and State Street Global Advisors, and each of their respective officers, directors, members, partners, managers and employees, harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of the Site, from unauthorized use of any content of the Site or the Blog attributable to a user or which occurs through the use of a user’s login, or from your violation of these terms and conditions.

Linked Websites

Should the viewer leave the Site via a link contained in the Site which leads to an entity not affiliated with SSGA- Intermediary Business, the viewer does so at its own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by SSGA - Intermediary Business nor U.S. affiliates of SSGA, including but not limited to State Street Corporation, State Street Global Markets, LLC, and State Street Global Advisors, and neither SSGA - Intermediary Business nor U.S. affiliates of SSGA, including but not limited to State Street Corporation, State Street Global Markets, LLC, and State Street Global Advisors will accept any responsibility whatsoever for the content of such sites or any losses related thereto.

Investment Performance

Historical performance is not necessarily indicative of future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested.

Trademark and Copyright

"State Street Global Advisors," "SSGA - Intermediary Business," "State Street Global Markets, LLC", and "SSGA" are trademarks of State Street Corporation. "SPDR®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P ") and has been licensed for use by State Street Corporation. From time to time, the trademarks of other unaffiliated entities may be referred to on the Site and their respective owners own these trademarks. Trademark owners are not responsible for and have not reviewed this Site and no representation or warranty, express or implied, as to its accuracy, or completeness of the materials presented on it.

The entire content of the Site is subject to copyright of State Street Corporation with all rights reserved. If you download or print out a hard copy of individual pages and/or sections of the Site, you may not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the Site will not transfer title to any software or material to you. You may notreproduce (in whole or in part, whether by "framing" or similar technology or otherwise) or modify or use for any public or commercial purpose all or any portion of the Site without the prior written permission of State Street Corporation.

Exchange Traded Funds ("ETFs")

SPDR® ETFs are distributed by State Street Global Markets, LLC, a wholly-owned subsidiary of State Street Corporation. State Street Global Markets, LLC is a member of FINRA, SIPC.

ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR® Dow Jones Industrial Average, all unit investment trusts, and Select Sector SPDRs. ALPS Distributors, Inc. is not affiliated with State Street Global Markets, LLC.

Passwords and Logins

Certain areas of the Site and the Blog require a password, access code or login. These parts of the Site and/or Blog are restricted to authorized users only, and users may not obtain unauthorized access to such parts of the Site or Blog through any means. You are solely responsible for the use and proper protection of the passwords or login and are solely accountable for all activity that occurs in connection with your password or login. You shall take precautions to prevent their unauthorized use and shall report the loss, theft or unauthorized use of your password or login to State Street or your SSGA representative immediately. SSGA Intermediary Business nor affiliates shall not be liable for the unauthorized use of a password prior to receipt of notice regarding the unauthorized use of a password.

Other Terms of Use

Users of the Site and Blog may not

  • Monitor, search or copy the Site and/or Blog or the content, software or other materials on, produced by or procured from the Site/Blog using any intelligent agent, robot, spider, or other automatic device, or manual process, whether through links or otherwise, without State Street’s permissions, provided that generally available third-party web browsers may be used without such permission.
  • Use the Site/Blog in any way that could overload or impair any State Street server or any network connected to any State Street server.
  • Use the Site/Blog in any way that could interfere with the use of the Site/Blog by any other party.

The Blog

The views and opinions expressed on the Blog are those of the authors and do not necessarily reflect the official policies, positions or opinions of the State Street Corporation. All content on the Blog is reported only as of its publication date, and users are responsible for setting their browser cache settings to ensure they are receiving the most up-to-date information.

Blog Comments

While visitors are welcome to post comments related to the topic of a Blog post, State Street reserves the right to remove comments and restrict users who do not comply with the following terms and conditions:

  • Users may not post
    • Inappropriate, offensive or defamatory material
    • Promotional material for a particular member, firm or product
    • Testimonials about success or lack thereof with a particular investment service or offering
    • Material that is in violation of intellectual property rights of State Street or a third party or otherwise violates intellectual property laws
    • Political views or voting information
    • Information that is not related to the financial industry
    • Electronic spam, including repetitive posts of the same content
    • Confidential information about themselves, their company or their clients, or information related to client accounts, such as account numbers
    • Language that implies affiliation, sponsorship or endorsement by State Street
  • Industry regulatory guidelines require that State Street remove any comments that could be interpreted as an endorsement for or recommendation of State Street or SPDR ETFs or their financial products or services.
  • Comments and opinions posted by users are the responsibility of the person who posted them. State Street does not guarantee the accuracy of content posted by others, and such content does not represent the views of State Street.
  • Before commenting on the Blog, investment professionals are asked to ensure that commenting is permitted under their firm’s online and/or social media policies. State Street takes no responsibility for any violations of firm policies that may occur as a result of use of the Blog.
  • Blog users are asked to be considerate, respectful and friendly.