Just an FYI
https://materials.proxyvote.com/Approve ... _50999.pdf
State Street SPDRS proxy - proposed changes
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- Posts: 64
- Joined: Tue Jul 29, 2008 10:07 am
- Location: Burlingame, California
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- Posts: 64
- Joined: Tue Jul 29, 2008 10:07 am
- Location: Burlingame, California
Additional comment: #3 interesting (prompted by hiring Nuveen for their muni bond ETF's, I presume); #4 seems similiar to recent Vanguard and DFA proxy changes
3. To approve a “manager of managers” structure for all SPDR Funds, which would permit the SPDR Funds to hire and replace sub-advisers without incurring the expense
of a shareholder meeting;
4. To approve eliminating or reclassifying certain fundamental policies and restrictions for all SPDR Funds, and to update and standardize your SPDR Funds’ investment policies to allow the SPDR Funds to serve your needs most effectively and efficiently in today’s market environment
3. To approve a “manager of managers” structure for all SPDR Funds, which would permit the SPDR Funds to hire and replace sub-advisers without incurring the expense
of a shareholder meeting;
4. To approve eliminating or reclassifying certain fundamental policies and restrictions for all SPDR Funds, and to update and standardize your SPDR Funds’ investment policies to allow the SPDR Funds to serve your needs most effectively and efficiently in today’s market environment