Portfolio turnover will be a function of changes to The Trusts portfolio turnover rate does not include securities received or delivered from processing creations or redemptions of Units. During the most recent fiscal year, the Trusts portfolio turnover rate was 1% of the average value of its These costs, which are not reflected in estimated annual Trust ordinary operating expenses, affect the Trusts performance. Such transaction costs may be higher if there are significant rebalancings of Index Securities in the Index, which may also result in higher taxes when Units are held in a taxable account. Sells securities (or turns over its Portfolio). The Trust may pay transaction costs, such as brokerage commissions, when it buys and Which changes in the DJIA are scheduled to take effect. The Trustee or SSBT generally makes these adjustments to the Portfolio within three (3) Business Days (as defined below in Purchases and Redemptions of Creation Units Purchase (Creation)) before or after the day on Trustee) or its parent company, State Street Bank and Trust Company (SSBT), adjusts the Portfolio from time to time to conform to periodic changes made by S&P to the identity and/or relative weightings of Index Securities To maintain the correspondence between the composition and weightings of Portfolio Securities and Index Securities, State Street Global Advisors Trust Company, the trustee of the Trust (the Of as many of the Index Securities as is practicable. Make up the Trusts Portfolio, while the term Index Securities refers to the common stocks that are included in the DJIA, as determined by S&P Dow Jones Indices LLC (S&P). In this prospectus, the term Portfolio Securities refers to the common stocks that are actually held by the Trust and Seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the DJIA (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock Past performance is not necessarily an indication of how the Trust will perform in the future. Growth of $10,000 Investment Since Inception (1) (expenses that you pay each year as a percentage of the value of your investment)Ĭurrent Estimated Annual Trust Ordinary Operating Expensesįuture expense accruals will depend primarily on the level of the Trusts net assets and the level of expenses.Įxpenses have been restated to reflect current fees. (fees paid directly from your investment)Įstimated Annual Trust Ordinary Operating Expenses : Pay for purchases and sales of Units on the secondary markets. It does not reflect brokerage commissions that you may This table estimates the fees and expenses that the Trust pays on an annual basis, which you therefore pay indirectly when you buy and hold Units. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average (the ∽JIA). No financial product offered by State Street Global Advisors Fundsĭistributors, LLC or its affiliates is sponsored, endorsed, sold or marketed by S&P, its affiliates or its third party licensors. Standard & Poors Financial Services LLC and has been licensed for use by S&P and sublicensed for use by State Street Global Advisors Funds Distributors, LLC. To use these trademarks and service marks pursuant to separate Sublicenses. The Trust is not sponsored, endorsed, sold or marketed by S&P, its affiliates or its third party licensors. The Trust, PDR Services LLC and NYSE Arca, Inc. S&P Dow Jones Indices LLC (S&P) and sublicensed for use by State Street Global Advisors Funds Distributors, LLC (formerly known as State Street Global Markets, LLC). Industrial Average SM, ∽JIA ®, ∽ow Jones ®, The Dow ® and ∽IAMONDS ® are registered trademarks and service marks of Standard & Poors Financial Services LLC, a division of S&P Global, and have been licensed for use by Purchases and Redemptions of Creation Units Statement of Assets and Liabilities October 31, 2017įinancial Highlights Selected data for a Unit outstanding throughout each year Report of Independent Registered Public Accounting Firm Principal Risks of Investing in the Trust The Trusts Investments and Portfolio Turnover
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