- State Street (NYSE:STT) Global Advisors rebrands seven SPDR exchange-traded funds, adding them to its SPDR Portfolio Suite, and lowers net expense ratios on three of them.
- Net expense ratios for the other four ETFs had been reduced earlier.
- The SPDR MSCI ACWI ETF (ACIM) is renamed SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) and its expense ratio is cut to 0.09% from 0.25%.
- SPDR Stoxx Europe 50 ETF (FEU) changes to SPDR Portfolio Europe ETF (NYSEARCA:SPEU) and its expense ratio falls to 0.09% from 0.29%.
- SPDR Bloomberg Barclays Corporate Bond ETF (CBND) changes to SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) and its expense ratio stays at 0.06%.
- SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE) becomes the SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) with an expense ratio remaining at 0.06%.
- The SPDR Bloomberg Barclays Mortgage Backed Bond ETF (MBG) is renamed the SPCR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB); expense ratio is 0.06%.
- SPDR ICE BofAML Broad High Yield Bond ETF (CJNK) is changed to the SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY); expense ratio stays 0.15%.
- SPDR Bloomberg Barclays TIPS ETF (IPE) changes to the SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) and its expense ratio falls to 0.12% from 0.15%.