State Street Investment Management Announces Changes to ETF Lineup

(Neutral)

(Very Negative)

Key Terms

liquidation date financial

The liquidation date is the scheduled day when an entity — such as a company, investment fund, or trust — stops normal operations and its assets are sold so cash can be distributed to creditors and investors. It matters to investors because it fixes when they will receive any remaining cash, determines which claims get paid first, and often marks the end of trading or valuation for those holdings; think of it as the day a store sells off inventory and hands out the proceeds to settle bills and return any leftover money to owners.

creations and redemptions financial

Creations and redemptions are the processes by which authorized participants exchange baskets of the fund’s underlying securities (or cash) for newly issued exchange-traded fund (ETF) shares, or return ETF shares to the fund in exchange for the underlying securities. Like adding or removing blocks of bricks from a wall, these flows let ETF supply flex with demand, helping keep the share price aligned with the fund’s net asset value and affecting liquidity and tax outcomes for investors.

AUM financial

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

net asset value financial

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

08/20/2026 - 05:30 PM

BOSTON--(BUSINESS WIRE)-- State Street Investment Management today announced plans to close and liquidate the following ETFs (the “Liquidating ETFs”) based on a review of its ETF offerings.

ETF Name	Ticker
State Street® SPDR® S&P Kensho Intelligent Structures ETF	SIMS
State Street® SPDR® S&P Kensho Smart Mobility ETF	HAIL
State Street® Nuveen Municipal Bond ETF	MBND

The final day for creations and redemptions in each Liquidating ETF will be February 17, 2027. Trading of all shares will be suspended on each Liquidating ETF’s principal U.S. listing exchange at the open of market on February 18, 2027.¹ Each Liquidating ETF will cease operations, liquidate its assets, and prepare to distribute proceeds to shareholders of record on or about February 23, 2027 (the “Liquidation Date”). Proceeds of the liquidation of each Liquidating ETF are scheduled to be sent to shareholders remaining on the Liquidation Date on or about February 24, 2027.

¹The principal U.S. listing exchange for SIMS and HAIL is the NYSE Arca, Inc. The principal U.S. listing exchange for MBND is the Cboe BZX Exchange, Inc.

About State Street Investment Management

At 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.

*This figure is presented as of June 30, 2026 and includes ETF AUM of $2,203.98 billion USD of which approximately $156.81 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.

Important Risk Information

State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information.

Investing involves risk including the risk of loss of principal.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns.

The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.

All information is from SSGA 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.

KENSHO © is a registered service mark of Kensho Technologies Inc. ("Kensho"), and all Kensho financial indices in the Kensho New Economies © family and such indices' corresponding service marks have been licensed by the Licensee in connection with the State Street® SPDR® S&P Kensho Intelligent Structures ETF, State Street® SPDR® S&P Kensho Smart Mobility ETF, State Street® SPDR® S&P Kensho Future Security ETF, State Street® SPDR® S&P Kensho Clean Power ETF, State Street® SPDR® S&P Kensho Final Frontiers ETF and State Street® SPDR® S&P Kensho New Economies Composite ETF (collectively, the "SPDR ETFs"). The SPDR ETFs are not marketed, sold, or sponsored by Kensho, Kensho's affiliates, or Kensho's third party licensors.

Kensho is not an investment adviser or broker-dealer and Kensho makes no representation regarding the advisability of investing in any investment fund, other investment vehicle, security or other financial product regardless of whether or not it is based on, derived from, or included as a constituent of any Kensho New Economies © family index. Kensho bears no responsibility or liability for any business decision, input, recommendation, or action taken based on Kensho indices or any products based on, derived from, or included as a constituent of any such index. All referenced names and trademarks are the property of their respective owners.

Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) 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.

Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, 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.

SSGA Funds Management, Inc. has retained Nuveen Asset Management as the sub-adviser. State Street Global Advisors Funds Distributors, LLC is not affiliated with Nuveen Asset Management.

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 statestreet.com/im. Read it carefully.

Not FDIC Insured - No Bank Guarantee - May Lose Value

State Street Investment Management, One Congress Street, Boston, MA 02114

9077087.1.1.AM.RTL

Exp. Date 8/31/2027