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State Street Global Advisors has launched a U.S. Community Investing Index strategy that seeks to match the returns and characteristics of the U.S. Community Investing Index.

The strategy is to buy and hold securities with the aim to minimize turnover and transaction costs, trading only when the composition of the index changes or when cash flow activity occurs in the strategy.

Launched in 2005, the index is comprised of more than 300 large- and mid-cap companies spanning all sectors that have demonstrated successful and proactive engagement with economically underserved populations in rural and urban communities in the United States.