Market Overview

State Street Global Advisors Announces Annual Rebalancing of the SSGA Gender Diversity Index


65 New Companies Added Based on Percentage of Women in Senior Leadership

State Street Global Advisors, the asset management business of State
Street Corporation (NYSE:STT), today announced recent updates to the
composition of its SSGA Gender Diversity Index (The Index), which is
designed to measure the performance of U.S. large capitalization
companies that demonstrate greater gender diversity within senior
leadership than other firms in their sector.

Following the annual rebalance on July 15, 2018, the Index now comprises
a total of 171 constituents. The top ten companies held in the market
capitalization weighted Index are Johnson & Johnson, Wells Fargo &
Company, Home Depot, Inc., ConocoPhillips, Caterpillar Inc., Starbucks
Corporation, Biogen Inc., S&P Global, Inc., MetLife, Inc. and Electronic
Arts Inc.

The Index is rebalanced on an annual basis to ensure constituents
continue to reflect the underlying Index objective: tracking the
performance of US large-capitalization companies that are leaders within
their sectors in advancing women through gender diversity on their
boards of directors and in senior leadership positions. Pursuant to the
rules-based Index methodology, State Street Global Advisors conducted a
comprehensive review of the companies listed in the Index and added 65
new companies that have made their mark in achieving the highest levels
of senior leadership gender diversity within their sectors.

"The importance of gender diversity has received an increasing amount of
investors' attention in the years that have followed the 2016 launch of
the SSGA Gender Diversity Index," said Lynn Blake, chief investment
officer of Global Equity Beta Solutions at State Street Global Advisors.
"However, despite evidence showing that better gender diversity leads to
better performance, there remains a tremendous amount of work to do to
continue moving the needle on this important issue."

According to a 2015 MSCI1 study that explored global trends
in gender diversity on corporate boards between December 2009 and August
2015, companies with at least three female board members, or companies
with a higher percentage of women on the board than its country's
average, performed better as measured by return on equity (10.1 percent
per year versus 7.4 percent for all other companies).2 Despite
these findings, American women account for an average of just 16 percent
of the members of executive teams.3

In March 2016, State Street Global Advisors introduced the SPDR® SSGA
Gender Diversity Index ETF (the "Fund") (AMEX:SHE), which is designed
to track the performance of the SSGA Gender Diversity Index. The Fund is
distributed by State Street Global Advisors Funds Distributors, LLC.

To help address the gender gap head-on, SHE incorporates an innovative
charitable component that focuses on strengthening the next generation
of women leaders - particularly in industries where women have low
representation today such as STEM (Science, Technology, Engineering and
Math). State Street Global Advisors is directing a portion of their
revenues and a match from the firm to a Donor Advised Fund, which has
awarded $25,000 grants to Black Girls Code and Iridescent's Technovation

"Addressing the lack of female leaders, not only in the boardroom but
the pipeline as well, is an important step in bringing gender parity to
corporate leadership," said Rakhi Kumar, head of Asset Stewardship and
ESG investing at State Street Global Advisors. "In supporting
organizations like Black Girls Code and Iridescent's Technovation
Challenge., we hope that young women have the opportunity to succeed and
continue to push the boundaries to break into traditionally male
dominated fields like technology and finance."

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

Important Risk Information:

Gender diversity risk The returns on a portfolio of securities that
excludes companies that are not gender diverse may trail the returns on
a portfolio of securities that includes companies that are not gender

Concentrated investments in a particular sector or industry (technology
sector and electronic media companies) tend to be more volatile than the
overall market and increases risk that events negatively affecting such
sectors or industries could reduce returns, potentially causing the
value of the Fund's shares to decrease.

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.

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.

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
Read it carefully.

Not FDIC Insured • No Bank Guarantee • May Lose Value


1 The methodology used in MSCI's study is different than that
of the Index, and as such, the results of the study should not be viewed
as indicative of the future performance of the Index. * This information
should not be considered a recommendation to buy or sell any security
shown. It is not known whether the securities shown will be profitable
in the future.

2 Past performance is not a reliable indicator of future
performance. It is not possible to invest directly in an index.

3 Lee, Linda-Eling , et al. Women on Boards: Global Trends in
Gender Diversity on Corporate Boards, MSCI, November 2015. Accessed on
February 17th, 2016 at:

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