State Street Investment Management Announces Changes to ETF Lineup
MWN-AI** Summary
State Street Investment Management has announced the decision to close and liquidate several exchange-traded funds (ETFs) following a comprehensive review of its ETF offerings. The ETFs being liquidated include the State Street® SPDR® MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG), the SPDR® S&P SmallCap 600 ESG ETF (ESIX), the SPDR® MSCI USA Climate Paris Aligned ETF (NZUS), and the State Street® Nuveen Municipal Bond ESG ETF (MBNE).
The closure process will officially commence on May 12, 2026, when the final day for creations and redemptions in each of the liquidating ETFs will take place. Trading in these ETFs will cease on their respective U.S. exchanges at the market open on May 13, 2026. The ETFs will liquidate their assets and distribute the proceeds to their shareholders around May 18, 2026, with payments expected to be sent to remaining shareholders by about May 19, 2026.
The liquidating ETFs are listed on prominent exchanges, including NYSE Arca for LQIG and ESIX, Nasdaq for NZUS, and Cboe BZX for MBNE.
State Street Investment Management, a leader in asset management, has built a reputation over nearly half a century by focusing on innovative solutions for a diverse range of clients. Managing over $5 trillion in assets, the firm emphasizes the necessity of a proactive approach to investment, underscoring their commitment to maximizing outcomes for investors.
This move reflects the firm's ongoing strategy to refine its offerings and enhance investor satisfaction. Investors are advised to consider the potential risks associated with ETF investments, as they can be subject to market fluctuations and may trade at prices differing from their net asset value.
MWN-AI** Analysis
State Street Investment Management's recent decision to close and liquidate four ETFs—LQIG, ESIX, NZUS, and MBNE—reflects a strategic reevaluation of its ETF offerings. Investors need to interpret this news thoughtfully, as it highlights the evolving landscape of ETFs and the necessity of assessing investment vehicles aligned with changing market conditions and objectives.
The forthcoming liquidation dates, with suspensions of trading set for May 13, 2026, indicate an end to these funds' operations. Additionally, the criteria for closure may suggest that these ETFs failed to attract sufficient assets or exhibit performance that meets State Street's growth ambitions. Investors holding shares in these funds should consider liquidating their positions ahead of the May 12, 2026, deadline to avoid being stuck with shares post-liquidation, which may impede access to capital and investment flexibility.
In a broader context, this move could signal potential opportunities for ESG and bond-focused investors. As State Street streamlines its offerings, it may introduce new ETFs that better address market demand, especially in sectors such as sustainable investing. Investors could benefit from proactively exploring emerging opportunities in ETFs post-liquidation, particularly within sectors that are gaining traction due to regulatory shifts and consumer preferences.
Furthermore, the closure highlights the inherent risks in ETF investing, including market volatility and the possibility of funds underperforming or closing altogether. Evaluating fund strategies, liquidity, and aligning investments with personal financial goals will remain essential.
In conclusion, State Street's ETF changes remind investors to stay agile and informed about their holdings and the broader market landscape. Consider adjusting portfolios according to these convictions, prioritizing vehicles that demonstrate resilience and align with current economic trends.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
State Street Investment Management today announced plans to close and liquidate the following ETFs (the “Liquidating ETFs”) based on an ongoing review of ETF offerings.
ETF Name | Ticker |
State Street® SPDR® MarketAxess Investment Grade 400 Corporate Bond ETF | LQIG |
State Street® SPDR® S&P SmallCap 600 ESG ETF | ESIX |
State Street® SPDR® MSCI USA Climate Paris Aligned ETF | NZUS |
State Street® Nuveen Municipal Bond ESG ETF | MBNE |
The final day for creations and redemptions in each Liquidating ETF will be May 12, 2026. Trading of all shares will be suspended on each Liquidating ETF’s principal U.S. listing exchange at the open of market on May 13, 2026. 1 Each Liquidating ETF will cease operations, liquidate its assets, and prepare to distribute proceeds to shareholders of record on or about May 18, 2026 (the “Liquidation Date”). Proceeds of the liquidation of each Liquidating ETF are scheduled to be sent to shareholders remaining on the Liquidation Date on or about May 19, 2026.
1 The principal U.S. listing exchange for LQIG and ESIX is the NYSE Arca, Inc. The principal U.S. listing exchange for NZUS is the is the Nasdaq Stock Market LLC. The principal U.S. listing exchange for MBNE is the Cboe BZX Exchange, Inc.
About State Street Investment Management
At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed * , clients in over 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation (NYSE: STT).
* This figure is presented as of September 30, 2025 and includes ETF AUM of $1,848.02 billion USD of which approximately $144.95 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.
Important Risk Information
Investing involves risk including the risk of loss of principal.
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.
While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.
All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
Intellectual Property Information: The S&P 500 ® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P ® , SPDR ® , S&P 500 ® ,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA , SIPC , an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. SSGA Funds Management, Inc. has retained Nuveen Asset Management as the subadvisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Nuveen Asset Management.
Before investing, consider the fund’s 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.ssga.com . Read it carefully.
Not FDIC Insured - No Bank Guarantee - May Lose Value
State Street Global Advisors (SSGA) is now State Street Investment Management. Please go to statestreet.com/investment-management for more information.
© 2025 State Street Corporation. All Rights Reserved.
State Street Global Advisors Funds Distributors, LLC, One Congress Street, Boston, MA 02114
8601004.1.1.AM.RTL
Exp. Date: 11/30/2026
View source version on businesswire.com: https://www.businesswire.com/news/home/20251113865367/en/
Media Contact:
Michael Kingsley
mkingsley@statestreet.com
+1 914 522 9471
FAQ**
What factors led State Street Investment Management to decide to close the "SPDR MarketAxess Investment Grade 400 Corporate Bond ETF LQIG," and how will this affect current investors?
How does the liquidation of the "SPDR MarketAxess Investment Grade 400 Corporate Bond ETF LQIG" fit within State Street's broader strategy and review of its ETF offerings?
What is the estimated timeline for shareholders to receive liquidation proceeds from the "SPDR MarketAxess Investment Grade 400 Corporate Bond ETF LQIG," and what should investors be aware of during this process?
Can you provide insights into how the closure of the "SPDR MarketAxess Investment Grade 400 Corporate Bond ETF LQIG" might impact the overall market for corporate bond ETFs and investor sentiment?
**MWN-AI FAQ is based on asking OpenAI questions about SPDR S&P SmallCap 600 ESG ETF (NYSE: ESIX).
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