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Hi,
I just read that this ETF is actually a UIT which means it has a fixed end date which was set as 20 years after the death of 11 specific people. Can somebody confirm this?
Thanks!
Louisana (
talk)
21:18, 17 May 2020 (UTC)reply
I actually found it myself on page 88 of the prospectus:
The Trust will be terminated if
Units are delisted from the Exchange. The Trust is scheduled to terminate on the first
to occur of (a) January 22, 2118 or (b) the date 20 years after the death of the last
survivor of eleven persons named in the Trust Agreement, the oldest of whom was
born in 1990 and the youngest of whom was born in 1993.
It seems to me that these two articles,
Standard & Poor's Depositary Receipts and
SPDR S&P 500 Trust ETF, are about the exact same topic, but the latter title is the more up-to-date one. It's a little confusing because it seems "SPDR" is also mentioned in a number of other ETF names, e.g. SDY and SPYG, but absent further clarification it seems to me that the "Standard & Poor's Depositary Receipts" article should be merged into this one.
Mz7 (
talk)
05:35, 21 March 2021 (UTC)reply
The merge is done (or rather, a redirect; the History content was the same and the "list of competing ETFs" doesn't need to be in the article). Ideally this will get merged again to some
List of SPDR mutual funds;
SPDR Gold Shares doesn't have enough content for a stand-alone non-promotional article.
User:力百 (alt of power~enwiki,
π,
ν)
21:38, 28 October 2021 (UTC)reply