State Street Global Advisors Announces Changes to Seven SPDR ETFs

State Street Global Advisors, the asset management business of State Street Corporation STT, today announced that seven SPDR^® ETFs will be undergoing changes based upon an ongoing review designed to meet client demand. Current shareholders are not required to take any action as a result of these changes.

Reduced Expense Ratios for Two Fixed Income SPDR ETFs

The net expense ratios for the SPDR Bloomberg Barclays Mortgage Backed Bond ETF MBG and the SPDR Bloomberg Barclays Issuer Scored Corporate Bond ETF (CBND) will be lowered in the months ahead.

New Index and Name for Corporate Bond SPDR ETF

In addition to a lower expense ratio, the SPDR Bloomberg Barclays Issuer Scored Corporate Bond ETF will also change its underlying index and fund name effective July 31, 2018.

Lower Share Prices for Five Equity SPDR ETFs

In addition to the changes above, State Street Global Advisors also announced share splits on five equity SPDR ETFs. The splits lower the funds' share prices and increase the number of shares outstanding. The aggregate market value of shares outstanding is not impacted.

The share split will apply to shareholders of record as of market close on June 8, 2018 and are payable after market close on June 12, 2018. The shares will trade at their post-split price effective June 13, 2018. The five SPDR ETFs include:

"We are always looking to make enhancements to benefit investors," said Noel Archard, global head of product for State Street Global Advisors' SPDR ETF business. "By lowering costs and improving access to an array of investment exposures, these changes will help to ensure our clients and these SPDR ETFs are well positioned for long-term growth."

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.

About State Street Global Advisors

For four decades, State Street Global Advisors has served the world's governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world's third largest asset manager with nearly US $2.73 trillion* under our care.

*This figure is presented as of March 31, 2018 and includes approximately $56 billion of 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 Global Advisors are affiliated.

Important Risk Information:
Investing involves risk including the risk of loss of principal.

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.

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.

Investments in small-sized companies may involve greater risks than in those of larger, better known companies. Returns on investments in stocks of small companies could trail the returns on investments in stocks of larger companies.

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.

Investments in mid-sized companies may involve greater risks than those in larger, better known companies, but may be less volatile than investments in smaller companies.

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.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Standard & Poor's, S&P and SPDR are registered 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 these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

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.

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.

State Street Corporation, One Lincoln Street, Boston, MA 02111-2900.

© 2018 State Street Corporation - All Rights Reserved

Not FDIC Insured • No Bank Guarantee • May Lose Value

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