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SPDR Dow Jones Industrial Average ETF
Ticker Symbol: DIA CUSIP: 78467X109 Exchange: NYSEA
Company's Online Profile
FUND DESCRIPTION: SPDR Dow Jones Industrial Average ETF, formerly the Dow DIAMONDS units, represent ownership in the SPDR Dow Jones Industrial Average ETF Trust, formerly the DIAMONDS, Trust Series 1, a unit investment trust established to accumulate and hold a portfolio of the equity securities that comprise the Dow Jones Industrial Average (DJIA). INVESTMENT OBJECTIVE: The SPDR Dow Jones Industrial Average ETF seeks investment results that, before fees and expenses, generally correspond to the price and yield performance of the Dow Jones Industrial Average. INDEX DESCRIPTION: The Dow Jones Industrial Average (DJIA) is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 largecap, blue-chip U.S. stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established U.S. companies that are leaders in their industries, have an excellent reputation, demonstrate sustained growth, are of interest to a large number of investors and accurately represent the sectors covered by the average. The DJIA is not limited to traditionally defined industrial stocks, instead, the Index serves as a measure of the entire U.S. market, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods. Composition changes are rare, and generally occur only after corporate acquisitions or other dramatic shifts in a component’s core business. When such an event necessitates that one component be replaced, the entire Index is reviewed. TRUST/ FUND STRATEGY: The SPDR DJIA Trust issues and redeems Trust Units only in multiples of 50,000 Units in exchange for Dow Jones Industrial Average stocks and cash. The Trust holds securities and cash and is not actively managed by traditional methods, which would typically involve effecting changes in an investment portfolio on the basis of judgments relating to economic, financial and market considerations. To maintain the correspondence between the composition and weightings of stocks held by the Trust (Portfolio Securities) and the component stocks of the DJIA (Index Securities), the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities. The Trustee generally makes these adjustments to the Portfolio within three (3) Business Days before or after the day on which changes in the DJIA are scheduled to take effect. Any change in the identity or weighting of an Index Security will result in a corresponding adjustment to the prescribed Portfolio Deposit effective on any day that the New York Stock Exchange, LLC is open for business either prior to, on, or following the day on which the change to the DJIA takes effect after the close of the market. The value of Trust Units fluctuates in relation to changes in the value of the Portfolio. The market price of each individual Unit may not be identical to the net asset value such Unit but historically, these two valuations have generally been close. TRUST/FUND MANAGEMENT: PDR Services LLC is the Sponsor for the Trust.
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IPO - 1/14/1998 -
Link to IPO Prospectus
Previous Name: Dow DIAMONDS Trust, Series I Changed: 1/28/2010
Large Cap Stock -
Market Value $9.0 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Lincoln Street, Boston, MA 02111 |
| Main Phone Number |
866-787-2257 |
| Fax Number |
Not Available |
| Investor Contact
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866-787-2257
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| Toll Free Phone Number |
866-787-2257 |
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