New share class is purpose-built for retirement plans to provide SPYM\u2019s scale and liquidity within a \u201940 Act mutual fund structure<\/i><\/p>\n
BOSTON–(BUSINESS WIRE<\/a>)–State Street Investment Management<\/b> today announced the launch of SPYMX, an institutional mutual fund share class of the State Street\u00ae<\/sup> SPDR\u00ae<\/sup> Portfolio S&P 500\u00ae<\/sup> ETF (SPYM)<\/b>, bringing one of the firm\u2019s flagship S&P 500 strategies into a structure designed to meet the needs of the retirement and institutional markets. SPYMX is available to eligible employer-sponsored and state-sponsored retirement plans, including 401(k) and 403(b) plans, as well as other eligible institutional investors. With no investment minimum for eligible retirement plans, SPYMX enables plan sponsors of all sizes to provide participants with low-cost S&P 500 exposure within a \u201940 Act mutual fund structure.*<\/p>\n \nUS large-cap exposure is typically one of the largest holdings in defined contribution plans, accounting for 30% of plan assets nationwide, totaling more than $4 trillion in assets, half of which are in mutual funds. SPYMX offers the same underlying exposure as the SPYM ETF through a shared portfolio structure. This enables a broad spectrum of investors to benefit from the scale and liquidity of the existing ETF, while accessing the fund through a structure that aligns with retirement plan platforms and recordkeeping systems.<\/p>\n \n\u201cRetirement investors shouldn\u2019t have to choose between the operational familiarity of a mutual fund and the scale and efficiency associated with an ETF,\u201d said Anna Paglia, Chief Business Officer at State Street Investment Management<\/b>. \u201cThis structure removes a longstanding vehicle constraint and represents an important step in our commitment to bring the benefits of ETF innovation to defined contribution savers.\u201d<\/p>\n \nState Street Investment Management\u2019s leadership in S&P 500 investing dates back more than 30 years to the 1993 launch of SPY, the first U.S.-listed ETF. Its sister fund SPYM has been tracking the S&P 500 since 2020 to provide investors with an additional low-cost way to access the index. SPYM has achieved significant scale with over $170 billion in assets under management and was recently selected<\/a> as the default investment option for the Trump Accounts program. SPYMX represents the next evolution of that legacy, extending the scale and established investment process of SPYM into a mutual fund structure.<\/p>\n \nFor more information about SPYMX, visit here<\/a>.<\/p>\n \n*See disclosures below and prospectus for full details on eligibility.<\/p>\n About State Street Investment Management<\/b><\/p>\n \nAt State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $6 trillion in assets managed*, clients in 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go.<\/p>\n *This figure is presented as of September 30, 2026 and includes ETF AUM of $2,285.83 billion USD of which approximately $171.88 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.<\/i><\/p>\n Important Risk Information<\/b><\/p>\n Investing involves risk including the risk of loss of principal.<\/b><\/p>\n \nThe information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor\u2019s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.<\/p>\n \nThe whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street Investment Management\u2019s express written consent. All information is from State Street Investment Management unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.<\/p>\n \nAs with all investments, there are certain risks of investing in the Fund. Fund Shares will change in value, and you could lose money by investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<\/p>\n Market Risk<\/b>: The Fund\u2019s investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, inflation, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, military conflicts, acts of terrorism, trade policy changes or disputes, the threat or actual imposition of tariffs, natural disasters, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.<\/p>\n \nEquity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.<\/p>\n \nReturns on investments in stocks of large U.S. companies could trail the returns on investments in stocks of smaller and mid-sized companies.<\/p>\n \nThe Fund is classified as \u201cdiversified\u201d under the Investment Company Act of 1940, as amended (the \u201c1940 Act\u201d); however, the Fund may become \u201cnon-diversified,\u201d 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). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.<\/p>\n \nPassively 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. This may cause the fund to experience tracking errors relative to performance of the index.<\/p>\n \nThe State Street S&P 500 Index Fund \u2013 Institutional Shares (the \u201cMutual Fund Share Class\u201d) is a mutual fund share class of the State Street\u00ae SPDR\u00ae Portfolio S&P 500\u00ae ETF (the \u201cFund\u201d). The Fund also offers the State Street\u00ae SPDR\u00ae Portfolio S&P 500\u00ae ETF \u2013 ETF Class Shares (the \u201cETF Share Class\u201d), an exchange-traded fund share class of the Fund. Shares of the ETF Share Class are listed and traded on a national securities exchange and are generally bought and sold at market-determined prices. Shares of the Mutual Fund Share Class are purchased and redeemed at the Fund\u2019s net asset value next determined after receipt of the purchase or redemption order.<\/p>\n Intellectual property information:<\/b> The S&P 500\u00ae Index is a product of S&P Dow Jones Indices LLC or its affiliates (\u201cS&P DJI\u201d) and has been licensed for use by State Street Global Advisors. S&P\u00ae, SPDR\u00ae, S&P 500\u00ae, US 500 and the 500 are trademarks of Standard & Poor\u2019s Financial Services LLC (\u201cS&P\u201d); Dow Jones\u00ae is a registered trademark of Dow Jones Trademark Holdings LLC (\u201cDow Jones\u201d) 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. 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.<\/p>\n Distributor:<\/b> State Street Global Advisors Funds Distributors, LLC, member FINRA<\/a>, SIPC<\/a>, an indirect 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.<\/p>\n Before investing in a fund, consider its investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-800-997-7327 or visit <\/b>ssga.com<\/b><\/a>. Read it carefully.<\/b><\/p>\n \nNot FDIC Insured – No Bank Guarantee – May Lose Value<\/p>\n \n\u00a9 2026 State Street Corporation. All Rights Reserved.<\/p>\n State Street Investment Management, One Congress Street, Boston, MA 02114.<\/b><\/p>\n \nADTRAX # 9204133.1.1.AM.RTL<\/p>\n \nExp. Date: 10\/31\/2027<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261030096007\/en\/<\/a><\/span><\/p>\n Media Contact: KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n INDUSTRY KEYWORDS:<\/b> Professional Services Finance Asset Management Banking Personal Finance Accounting<\/p>\n<\/p>\n
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Michael Kingsley
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mkingsley@statestreet.com
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+1 914 522 9471<\/p>\n
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