Market Overview

State Street Global Advisors Announces Impact of Receiving Payment

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The SPDR® Exchange Traded Fund (ETF) listed in the table
below, announced today that the Fund received a payment as an authorized
claimant from a class action settlement related to Walter Investment
Management Corp, formerly traded on the New York Stock Exchange under
ticker symbol (NYSE: WAC) prior to filing for
bankruptcy in December 2017.

The total payment to be received by the Fund is listed below. When the
Fund calculates its net asset value ("NAV") per share on Wednesday, July
25, 2018, it is estimated that the Fund's NAV will be impacted by the
amount stated below based on shares outstanding as of July 23, 2018.

Fund       Payment Amount       Shares Outstanding as of       Per Share Impact
            July 23, 2018      
SPDR S&P Capital Markets ETF (KCE)       $58,224       2,200,000       $0.0265

State Street Global Advisors manages approximately $639 billion in
global ETF assets1 and is one of the largest ETF providers in
the US and globally.

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 $2.72 trillion* under our care.

*This figure is presented as of June 30, 2018 and includes approximately
$53 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.

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.

In general, ETFs can be expected to move up or down in value with the
value of the applicable index. Although ETFs may be bought and sold on
the exchange through any brokerage account, ETFs are not individually
redeemable from the Fund. Investors may acquire ETFs and tender them for
redemption through the Fund in Creation Unit Aggregations only, please
see the prospectus for more details.
All ETFs are subject to risk,
including possible loss of principal.

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 866.787.2257 or visit
spdrs.com and respective fund's website. Read it carefully.

State Street Global Advisors, One Iron Street, Boston, MA 02110

© 2018 State Street Corporation - All Rights Reserved

Not FDIC Insured –No Bank Guarantee – May Lose Value

2188919.1.1.NA.RTL

1 AUM as of 6/30/18. This figure is presented as of June 30,
2018 and includes approximately $53 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.

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