SPDR® Portfolio MSCI Global Stock Market ETF

SPGM

Learn about the importance of a low-cost core and how to build it with SPDR Portfolio ETFs »


Compare SPGM to similar international equity funds.

Key Features

  • The SPDR® Portfolio MSCI Global Stock Market ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index (the "Index")
  • One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes
  • A low cost ETF that seeks to offer broad exposure to developed and emerging global equities across the market cap spectrum
  • Could potentially mitigate country-specific risk

Fund Information

As of 12/09/2019
Ticker Symbol SPGM
Primary Benchmark MSCI ACWI IMI Index
CUSIP 78463X475
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.09%
Inception Date 02/27/2012
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Semi-Annually
Exchange NYSE ARCA EXCHANGE

Fund Documents

Fund Performance

MONTH END As of 11/30/2019 QUARTER END As of 09/30/2019
1 Month2.66%2.25%
QTD5.32%-0.03%
YTD21.97%15.81%
1 Year13.17%0.73%
3 Year11.63%9.59%
5 Year7.58%7.06%
10 YearN/AN/A
Inception
9.32%8.79%
Performance Disclosure

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Fund Characteristics

As of 12/05/2019
Est. 3-5 Year EPS Growth

Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

9.54%
Number of Holdings 1,299
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

2.17
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

16.54
Weighted Average Market Cap $167,189.19 M

Fund Market Price

As of 12/05/2019
Bid/Ask $41.96
Closing Price $41.96
Day High $42.00
Day Low $41.86
Exchange Volume (shares) 1,872
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask – Closing NAV)  /  Closing NAV * 100)

0.22%

Yields

As of 12/05/2019
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

2.22%
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

1.94%
Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

2.37%

Fund Net Asset Value

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

As of 12/05/2019
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$41.87
Shares Outstanding 4.20 M
Total Net Assets $175.86 M

Index Characteristics

As of 11/30/2019
Est. 3-5 Year EPS Growth 10.31%
Number of Holdings 9,067
Price/Cash Flow 9.36
Price/Earnings 17.81
Price/Earnings Ratio FY1 17.03

Fund Net Cash Amount

As of 12/05/2019
Net Cash Amount $485,813.75

Index Statistics

As of 11/30/2019
Weighted Average Market Cap $136,730.58 M

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.

 

Performance Chart

Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
02/27/2012
Month End
NAV 11/30/2019 2.66% 5.32% 21.97% 13.17% 11.63% 7.58% N/A 9.32%
Market Value 11/30/2019 2.81% 5.65% 22.07% 13.22% 11.31% 7.65% N/A 9.36%
Return after Taxes on Distributions 11/30/2019 2.66% 5.32% 21.41% 12.17% 10.66% 6.56% N/A 8.37%
Return after Taxes on Distributions and Sale of Fund Shares 11/30/2019 1.57% 3.15% 12.98% 7.72% 8.61% 5.42% N/A 7.02%
MSCI ACWI IMI Index 11/30/2019 2.49% 5.31% 22.03% 13.20% 11.58% 7.23% 8.79% 8.90%
Quarter End
NAV 09/30/2019 2.25% -0.03% 15.81% 0.73% 9.59% 7.06% N/A 8.79%
Market Value 09/30/2019 2.46% -0.12% 15.54% 0.77% 9.30% 7.07% N/A 8.78%
Return after Taxes on Distributions 09/30/2019 2.25% -0.03% 15.28% -0.15% 8.63% 6.04% N/A 7.82%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 1.33% -0.02% 9.35% 0.39% 7.01% 5.02% N/A 6.57%
MSCI ACWI IMI Index 09/30/2019 2.10% -0.18% 15.87% 0.48% 9.36% 6.61% 8.45% 8.36%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
02/27/2012
Month End
NAV 11/30/2019 2.66% 5.32% 21.97% 13.17% 11.63% 7.58% N/A 9.32%
Market Value 11/30/2019 2.81% 5.65% 22.07% 13.22% 11.31% 7.65% N/A 9.36%
Return after Taxes on Distributions 11/30/2019 2.66% 5.32% 21.41% 12.17% 10.66% 6.56% N/A 8.37%
Return after Taxes on Distributions and Sale of Fund Shares 11/30/2019 1.57% 3.15% 12.98% 7.72% 8.61% 5.42% N/A 7.02%
MSCI ACWI IMI Index 11/30/2019 2.49% 5.31% 22.03% 13.20% 11.58% 7.23% 8.79% 8.90%
Quarter End
NAV 09/30/2019 2.25% -0.03% 15.81% 0.73% 9.59% 7.06% N/A 8.79%
Market Value 09/30/2019 2.46% -0.12% 15.54% 0.77% 9.30% 7.07% N/A 8.78%
Return after Taxes on Distributions 09/30/2019 2.25% -0.03% 15.28% -0.15% 8.63% 6.04% N/A 7.82%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 1.33% -0.02% 9.35% 0.39% 7.01% 5.02% N/A 6.57%
MSCI ACWI IMI Index 09/30/2019 2.10% -0.18% 15.87% 0.48% 9.36% 6.61% 8.45% 8.36%
Swipe to view all columns
Performance Disclosure

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.09%

Performance Graphs

Month End as of 11/30/2019

Fund Inception Date: 02/27/2012

Index Inception Date: 05/31/2007

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; Portfolio MSCI Global Stock Market ETF" bmarkName="MSCI ACWI IMI Index"><funds><field>1 Month</field><fund>2.66</fund><index>2.49</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>5.32</fund><index>5.31</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>21.97</fund><index>22.03</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>13.17</fund><index>13.20</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>11.63</fund><index>11.58</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>7.58</fund><index>7.23</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>8.79</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>9.32</fund><index>8.90</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 09/30/2019

Fund Inception Date: 02/27/2012

Index Inception Date: 05/31/2007

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; Portfolio MSCI Global Stock Market ETF" bmarkName="MSCI ACWI IMI Index"><funds><field>1 Month</field><fund>2.25</fund><index>2.10</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-0.03</fund><index>-0.18</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>15.81</fund><index>15.87</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>0.73</fund><index>0.48</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>9.59</fund><index>9.36</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>7.06</fund><index>6.61</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>8.45</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>8.79</fund><index>8.36</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of 12/05/2019
Name Weight Shares Held
Apple Inc. 2.24 % 14,832
Microsoft Corporation 2.10 % 24,619
Amazon.com Inc. 1.45 % 1,458
JPMorgan Chase & Co. 0.88 % 11,641
Alphabet Inc. Class C 0.85 % 1,120
Alphabet Inc. Class A 0.85 % 1,120
Visa Inc. Class A 0.78 % 7,529
Bank of America Corp 0.71 % 37,697
Facebook Inc. Class A 0.70 % 6,147
Walt Disney Company 0.66 % 7,910

Index Top Holdings

As of 11/30/2019
Name Weight
Apple Inc. 2.16 %
Microsoft Corporation 1.96 %
Amazon.com Inc. 1.35 %
Facebook Inc. Class A 0.87 %
JPMorgan Chase & Co. 0.75 %
Alphabet Inc. Class C 0.73 %
Alphabet Inc. Class A 0.70 %
Johnson & Johnson 0.65 %
Alibaba Group Holding Ltd. Sponsored ADR 0.60 %
Visa Inc. Class A 0.57 %

Fund Sector Allocation

As of 12/05/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/05/2019</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>16.62</rawValue><value>16.62%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>15.91</rawValue><value>15.91%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>12.52</rawValue><value>12.52%</value><label>Industrials</label><order>3</order></attribute><attribute><rawValue>12.11</rawValue><value>12.11%</value><label>Health Care</label><order>4</order></attribute><attribute><rawValue>11.02</rawValue><value>11.02%</value><label>Consumer Discretionary</label><order>5</order></attribute><attribute><rawValue>8.29</rawValue><value>8.29%</value><label>Communication Services</label><order>6</order></attribute><attribute><rawValue>7.6</rawValue><value>7.60%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>5.02</rawValue><value>5.02%</value><label>Energy</label><order>8</order></attribute><attribute><rawValue>4.39</rawValue><value>4.39%</value><label>Materials</label><order>9</order></attribute><attribute><rawValue>3.94</rawValue><value>3.94%</value><label>Real Estate</label><order>10</order></attribute><attribute><rawValue>2.58</rawValue><value>2.58%</value><label>Utilities</label><order>11</order></attribute></attributes></component>

Index Sector Allocation

As of 11/30/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>11/30/2019</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>16.49</rawValue><value>16.49%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>16.35</rawValue><value>16.35%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>11.62</rawValue><value>11.62%</value><label>Health Care</label><order>3</order></attribute><attribute><rawValue>11.34</rawValue><value>11.34%</value><label>Industrials</label><order>4</order></attribute><attribute><rawValue>10.94</rawValue><value>10.94%</value><label>Consumer Discretionary</label><order>5</order></attribute><attribute><rawValue>8.14</rawValue><value>8.14%</value><label>Communication Services</label><order>6</order></attribute><attribute><rawValue>7.73</rawValue><value>7.73%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>5.0</rawValue><value>5.00%</value><label>Materials</label><order>8</order></attribute><attribute><rawValue>4.87</rawValue><value>4.87%</value><label>Energy</label><order>9</order></attribute><attribute><rawValue>4.26</rawValue><value>4.26%</value><label>Real Estate</label><order>10</order></attribute><attribute><rawValue>3.27</rawValue><value>3.27%</value><label>Utilities</label><order>11</order></attribute></attributes></component>

Fund Country Weights

As of 12/05/2019
United States 55.31%
Japan 8.15%
United Kingdom 5.17%
China 3.41%
Canada 3.28%
France 3.01%
Germany 2.55%
Switzerland 2.51%
Australia 2.26%
Taiwan 1.44%
South Korea 1.40%
Netherlands 1.32%
Hong Kong 1.16%
India 1.09%
Sweden 0.88%
Spain 0.84%
Brazil 0.83%
Denmark 0.70%
Italy 0.64%
South Africa 0.52%
Indonesia 0.42%
Singapore 0.38%
Israel 0.34%
Mexico 0.33%
Finland 0.31%
Russia 0.31%
Belgium 0.26%
Norway 0.21%
Saudi Arabia 0.18%
Thailand 0.17%
Malaysia 0.12%
Austria 0.10%
Ireland 0.09%
Hungary 0.07%
Turkey 0.05%
Argentina 0.04%
Egypt 0.04%
Pakistan 0.03%
Poland 0.03%
Chile 0.03%
Colombia 0.01%
Philippines 0.01%
United Arab Emirates 0.01%

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

Unless otherwise noted all information contained herein is that of the SPDR Portfolio MSCI Global Stock Market ETF.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.  The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

MSCI - Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

Prior to 09/23/2019, the SPDR® Portfolio MSCI Global Stock Market ETF was known as the SPDR® MSCI ACWI IMI ETF

Prior to 09/23/2019, the ticker for SPGM was ACIM.

Global Equity Beta Solutions

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show BioHide Bio

Mike is a Senior Managing Director and the Head of Global Equity Beta Solutions in the Americas. He is also a member of the Senior Leadership Team and is a voting member on the firm's Trade Management Oversight Committee and the North America Product Committee.

Mike rejoined SSGA in 2010 after spending four years in State Street Global Markets where he helped to build the Global Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this Mike had been Head of the US Passive Equity Team within SSGA, which he originally joined in 1997. He began his career at State Street within the Global Services division in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

Deputy Head of GEBS - Americas Karl A. Schneider Managing Director Show BioHide Bio

Karl Schneider, CAIA, is a Managing Director of SSGA and Deputy Head of Global Equity Beta Solutions (GEBS) in the Americas. He also serves as a senior portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for US equity strategies and synthetic beta strategies, including commodities, buy/write, and hedge fund replication. He is also a member of the S&P Dow Jones US Equities Index Advisory Panel.

Prior to joining the GEBS team, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1997.

Mr. Schneider holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

Senior Portfolio Manager Keith Richardson Vice President Show BioHide Bio

Keith is a Vice President at State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions (GEBS) team. He currently manages a variety of passive US and international equity funds including an assortment of ETFs, sub-advised mutual funds, and separately managed portfolios.In addition, Keith writes a Real Estate Market Commentary for the firm each quarter.

Prior to his current role, Keith spent 9 years as a Portfolio Manager in the Direct Implementation group where he managed both US active quantitative strategies and passive global REITs. During that time, he also oversaw the mass construction of separately managed accounts (SMAs). He began his time with SSGA in investment operations with a primary focus on Tax Efficient Market Capture. Keith has been with SSGA since 1999 and has been working in the investment management field since 1997.

Keith holds a Bachelor of Science in Finance from Bentley University and a MBA with a Finance concentration from the Sawyer School of Management at Suffolk University.

After Tax Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

MSCI ACWI IMI Index

The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 99% of the global equity investment opportunity set.

Important Risk Information

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund.

Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

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

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 www.spdrs.com. Read it carefully.

Glossary

Premium Discount to NAV

As of 12/05/2019
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® Portfolio MSCI Global Stock Market ETF SPGM $41.87 $41.96 $41.96 0.22%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

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, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Centralized Systematic Valuation Aggregated Cash Flow (ACF) File

This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.

This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.

I AGREE CLOSE