Select Sector SPDR Trust
10/29/2024 | Press release | Distributed by Public on 10/29/2024 13:48
Certificate of Accounting of Securities Form 40 17F2
SELECT SECTOR SPDR TRUST
U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
| 1. Investment Company Act File Number: | Date examination completed: | |||||||||||
| 811-08837 | July 31, 2024 | |||||||||||
| 2. State Identification Number: | ||||||||||||
| AL | AK | AZ | AR | CA | CO | |||||||
| CT | DE | DC | FL | GA | HI | |||||||
| ID | IL | IN | IA | KS | KY | |||||||
| LA | ME | MD | MA | MI | MN | |||||||
| MS | MO | MT | NE | NV | NH | |||||||
| NJ | NM | NY | NC | ND | OH | |||||||
| OK | OR | PA | RI | SC | SD | |||||||
| TN | TX | UT | VT | VA | WA | |||||||
| WV | WI | WY | PUERTO RICO | |||||||||
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Other (specify): ☐ |
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3. Exact name of investment company as specified in registration statement: |
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The Select Sector SPDR Trust |
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4. Address of principal executive office: (number, street, city, state, zip code) |
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One Iron Street, Boston, MA 02210 |
Report of Independent Public Accountants
To the Board of Trustees of
The Select Sector SPDR® Trust
We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940, that The Select Sector SPDR® Trust (the "Trust"), complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (the "Act") (the "specified requirements") as of July 31, 2024. The Select Sector SPDR® Trust's management is responsible for its assertion. Our responsibility is to express an opinion on management's assertion about the Trust's compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the AICPA. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the specified requirements is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about whether management's assertion is fairly stated in all material respects. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatement of management's assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.
Included among our procedures were the following tests performed as of July 31, 2024, and with respect to agreement of security purchases and sales, for the period from February 29, 2024 (the date of the last examination) through July 31, 2024:
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Confirmation of all securities held by institutions in book entry form at The Depository Trust Company and State Street Bank and Trust Company (the "Custodian") without prior notice to management. |
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Confirmation of all securities hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees, or transfer agents. |
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Reconciliation of all such securities to the books and records of the Trust and the Custodian. |
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Review of the reconciliation procedures performed by the Custodian at an omnibus level between the Depository Trust Company and the books and records of the Custodian; and |
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Agreement of 12 security purchases and 13 security sales since our last report from the books and records of the Trust to broker confirmations. |
We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Trust's compliance with specified requirements.
In our opinion, management's assertion that The Select Sector SPDR® Trust complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of July 31, 2024, with respect to securities reflected in the investment account of the Trust is fairly stated, in all material respects.
This report is intended solely for the information and use of management and the Board of Trustees of The Select Sector SPDR® Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
COHEN & COMPANY, LTD.
Cleveland, Ohio
October 24, 2024
The Select Sector SPDR® Trust
October 24, 2024
Cohen & Company, Ltd.
1350 Euclid Avenue, Suite 800
Cleveland, Ohio 44115
We, as members of management of The Select Sector SPDR® Trust (the "Trust"), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Trust's compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of July 31, 2024, and from February 29, 2024 (the date of the last examination) through July 31, 2024.
Based on this evaluation, we assert that the Trust was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of July 31, 2024 and from February 29, 2024 through July 31, 2024, with respect to securities reflected in the investment account of the Trust.
The Select Sector SPDR® Trust
| By: |
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/s/ Chad C. Hallett |
| Chad C. Hallett, Treasurer |