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Terms and Conditions

United States

IMPORTANT INFORMATION

PLEASE READ THESE TERMS & CONDITIONS CAREFULLY. BY CLICKING "ENTER SITE" AND ACCESSING SPDRS.COM AND THE INFORMATION THEREIN (THE "SITE"), YOU AGREE TO BE BOUND BY THESE TERMS & CONDITIONS AS WELL AS OUR PRIVACY POLICY AND ANY FUTURE REVISIONS. IF YOU DO NOT AGREE TO THE TERMS & CONDITIONS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF.

The products and services described on this Site are available to be marketed within the U.S. and to certain non-U.S. investors who may be eligible to receive certain product information in accordance with local jurisdiction private placement restrictions. The information provided on this Site is only for such persons and is not directed to any person in any jurisdiction where, by reason of that person's nationality, domicile, residence or otherwise, the publication or availability of this Site and the information within is prohibited. Persons under these restrictions must not access the Site.

It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

No Offer / Local Restrictions

Nothing contained in or on this Site should be construed as a solicitation of an offer to buy or offer, or a recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. State Street Global Advisors and its affiliates (“SSGA”) offer a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. SSGA recommends that you seek independent financial advice before making any investment decisions The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.

No Warranty

THE INFORMATION ON THE SITE IS PROVIDED "AS IS". NEITHER SSGA NOR ITS AFFILIATES WARRANTS THE ACCURACY OF THE MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EACH EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

No Reliance

Information contained in the Site is checked and updated by SSGA on a regular basis. However, data on the Site may become outdated. In addition, due to the risk that the Internet may be subject to interruption, transmission blackout, delayed transmission due to internet traffic, or incorrect data transmission due to public nature of the internet, the information contained in the Site may be incomplete, altered or tampered with, and may not present complete and accurate information. Therefore, SSGA does not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided. SSGA uses reasonable efforts to obtain information from sources which it believes to be reliable; however, SSGA makes no representation that the information or opinions contained on the Site is accurate, reliable or complete.

The information on the Site is provided for informational purposes only and is subject to change without notice. The investments and strategies discussed in the contents may not be suitable for all investors and are not obligations of, or guaranteed by, SSGA. Nothing contained on the Site constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. In particular, the information on this Site does not take into account your investment objectives, financial situation or particular needs. Before making an investment decision you should consider with the assistance of your professional securities adviser whether the information on this Site is appropriate in light of your particular investment needs, objectives and financial circumstances.


Exchange Traded Fund Disclosures

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.

"SPDR" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. STANDARD & POOR'S, S&P, S&P 500 and S&P MIDCAP 400 are registered trademarks of Standard & Poor's Financial Services LLC No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors' rights are described in the prospectus for the applicable product.

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. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500 ETF Trust, SPDR® S&P® MidCap 400 ETF Trust and SPDR® Dow Jones Industrial AverageSM ETF Trust, which are all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.

GENERAL RISK FACTORS

Historical performance is not necessarily indicative of future performance of an investment. The value of Units/Shares (as defined below) and the income from them may fall as well as rise and investors may not get back the amount invested.

Applications to create or redeem interests in any exchange traded fund referred to on this Site ("Units/Shares") may only be effected through participating dealers, and are generally only issued or redeemed in large blocks. Investors may request participating dealers to apply on their behalf for the creation and/or redemption of Units/Shares. Once listed, investors can also acquire or dispose of Units/Shares on the exchange on which such Units/Shares are listed like other publicly traded shares. However, listing does not guarantee a liquid market for Units/Shares. Units/Shares are traded on the relevant exchange at market price, which may be different from the net asset value per Unit/Share, and may be delisted.

The prospectus in respect of the offer of the Units in the relevant fund referred to on this Site is available and may be obtained upon request. Investors should read the relevant prospectus before deciding whether to acquire Units in the relevant fund. Units in the relevant fund are not obligations of, deposits in, or guaranteed by, SSGA or any of its affiliates. Investors who are not participating dealers or approved applicants have no right to request SSGA to redeem their Units while the Units are listed (see the relevant prospectus for details).

Please read carefully the risk disclosures in the relevant prospectus or other offering document before making any investment decision.

Limitations of Liability

Except to the extent to which any law prohibits such exclusion, SSGA excludes all liability for loss or damage of any kind (including direct, indirect and consequential loss and damage of business revenue, loss of profits, loss or corruption of data, failure to realise expected profits or savings or other commercial or economic loss of any kind), however caused, in contract, tort, under any statute or otherwise (including negligence) arising out of or in any way related to this Site. In no event, including negligence, will SSGA or its affiliates be liable for any loss or damage of any kind, including any direct, special indirect or consequential damages arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the Site.

Indemnification

As a condition of your use of the Site, you agree to indemnify and hold SSGA and its affiliates harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of the Site, or from your violation of these Terms.

Linked Websites

Should the viewer leave the Site via a link contained in the Site, the viewer does so at its own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by SSGA, and SSGA will not accept any responsibility whatsoever for the content of such sites or any losses related thereto.

SSGA Trademark

"State Street Global Advisors," and "SSGA" are trademarks of State Street Corporation. Copyright, trademark and other forms of proprietary rights protect the contents at the site. From time to time, the trademarks of other unaffiliated entities may be referred to on the Site and their respective owners own these trademarks. Trademark owners are not responsible for and have not reviewed this site and no representation or warranty, express or implied, as to its accuracy, or completeness of the materials presented on it. Please also see "Copyright" for further information.

Privacy

Please see the "Privacy" section for information on how SSGA handles personal data, what information is collected and how it is used and your rights in respect of any of your personal data collected by SSGA on this Site.

Changes and Modifications

SSGA reserves the right to change, modify, add, or delete, any content and these Terms & Conditions without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.

Governing Law and Jurisdiction

Any action arising out of these Terms & Conditions or the Site shall be litigated in, and only in, courts located in the Commonwealth of Massachusetts, and you agree to submit to the exclusive jurisdiction of those courts and further agree that they are a convenient forum for you

No.

Controller entity

DPO contact

1.

State Street Global Advisors Limited

Jill Stoller

2.

State Street Global Advisors Europe Limited

Jill Stoller

3.

State Street Global Advisors Europe Limited, Branch in Germany

Werner Wegl

4.

State Street Unit Trust Management Limited

Jill Stoller

5.

Managed Pensions Fund Limited

Jill Stoller

6.

State Street Global Advisors Luxembourg SICAV

Jill Stoller

7.

State Street Global Advisors Liquidity Plc

Jill Stoller

8.

SSGA SPDR ETFs Europe I Plc

Jill Stoller

9.

SSGA SPDR ETFs Europe II Plc

Jill Stoller

10.

State Street ICAV

Jill Stoller

11.

Windwise Qualified Funds Plc

Jill Stoller

12.

State Street Global Advisors Trust Company

Jill Stoller

13.

SSGA Funds Management, Inc.,

Jill Stoller

14.

State Street Master Funds

Jill Stoller

15.

State Street Institutional Investment Trust

Jill Stoller

16.

State Street Navigator Securities Lending Trust

Jill Stoller

17.

Elfun Government Money Market Fund

Jill Stoller

18.

Elfun Tax-Exempt Income Fund

Jill Stoller

19.

Elfun Income Fund

Jill Stoller

20.

Elfun Diversified Fund

Jill Stoller

21.

Elfun International Equity Fund

Jill Stoller

22.

Elfun Trusts

Jill Stoller

23.

SPDR Series Trust

Jill Stoller

24.

SPDR Index Shares Funds

Jill Stoller

25.

SSGA Master Trust

Jill Stoller

26.

SSGA Active Trust

Jill Stoller

27.

The Select Sector SPDR Trust

Jill Stoller

28.

State Street Institutional Funds

Jill Stoller

29.

State Street Insurance Series Funds Inc.

Jill Stoller

30.

SPDR S&P 500 ETF Trust

Jill Stoller

31.

SPDR Dow Jones Industrial Average ETF Trust

Jill Stoller

32.

General Electric RSP U.S. Equity Fund

Jill Stoller

33.

General Electric ESP Income Fund

Jill Stoller

34.

WindWise Seeding Fund SPC, Ltd

Jill Stoller

35.

International Private Equity Fund, L.P.

Jill Stoller

36.

International Private Equity Fund II, L.P.

Jill Stoller

Last updated: 25 May 2018

Cookie Policy

How We Use Cookies and the Collection of Website Usage Data

By using the website [www.ssga.com/www.spdrs.com], you agree that State Street Global Advisors (SSGA) can store and access cookies, IP addresses and use other methods in order to collect website usage data and improve your online experience. This can include information related to your use of the website, the browser and device type you are accessing the website from and where you are located.

What are cookies?

Cookies are small text files downloaded to your computer or device by websites you visit. Cookies are widely used in order to allow websites to function properly, as well as to provide business and marketing information to the owners of the site.

When do we use cookies?

State Street Global Advisors (SSGA) uses cookies on [www.ssga.com/www.spdrs.com] for the following purposes:

Technical
Cookies are used for technical reasons to enable [www.ssga.com/www.spdrs.com] to work efficiently. These cookies are essential in order to enable you to move around the Site and use its features, such as accessing secure areas of the Site. Without these cookies, services you have asked for cannot be provided.

Ease of Use
Cookies are used to enhance the usability of the site for visitors, such as by capturing visitor preferences on our site so that they are remembered for subsequent visits improving the visitor experience.

Tracking
Cookies are used to gather statistics on how visitors use our site. This allows us to gain insight into how visitors use the website so that we may make improvements to its usability.

Marketing
Cookies are used for web analytics and intelligence about our Site. This information may be combined with other information for the purposes described below, including marketing. We may also use web beacons or other technologies for similar purposes and we may include these in marketing email messages or our newsletters in order to determine whether messages have been opened and links clicked on. Web beacons do not place information on your device, but may work in conjunction with cookies to monitor online activity.

How do I refuse or withdraw consent to the use of cookies?

If you want to remove existing cookies from your device, you can do this using your browser options. You may refuse to accept cookies by changing your browser settings. For more information on managing cookies and other tracking devices see www.allaboutcookies.org/manage-cookies.

Deleting and blocking cookies will have an impact on your user experience as parts of the Site may not function properly or be accessible. Unless you have adjusted your browser settings to block cookies, our system will issue cookies as soon you visit our Site, even if you have previously deleted our cookies.

The following table details the most frequently used cookies on [www.ssga.com/www.spdrs.com] and explains their use.

Cookie Name Description
region This cookie holds the region value selected by the end user in SSGA.com Site.
location This cookie holds the location value selected by the end user in SSGA.com Site.
role This cookie holds the role value selected by the end user in SSGA.com Site.
language This cookie holds the langauge value selected by the end user in SSGA.com Site.
dc-region This cookie holds the region value selected by the end user in DC Site.
dc-location This cookie holds the location value selected by the end user in DC Site.
dc-role This cookie holds the role value selected by the end user in DC Site.
dc-language This cookie holds the langauge value selected by the end user in DC Site.
saveProfile This cookie holds the boolean value, which determines whether the users profile will be retained even after closing the browser.
disclaimerVersion

This cookie holds the disclaimer version value that is associated with the disclaimer component. When the disclaimer version is changed in the component, the RLR profile compares the disclaimer version cookie with the version associated to component.

dc-disclaimerVersion

This cookie holds the disclaimer version value that is associated with the disclaimer component. When the disclaimer version is changed in the component, the RLR profile compares the disclaimer version cookie with the version associated to component.

SMusername This cookie holds the value "loggedIN". This cookie is used to determine whether end user is logged into the site or not.
isAltUser This cookie holds the boolean value. This cookie is used to determine whether the logged in user is normal user or Alt Login User.
selectedTab This cookie holds the selected tab value in the search results page. This is also used to retain the previously selected tab in the search results page. When the user clicks on Back to previous page.
selectedClient This cookie holds the account id that is selected on the private site form. This is used to preselect the account information when the user navigates from one page to another in the private site.
selectedIP This cookie holds the investment program id that is selected on the private site form. This is used to preselect the investment program information when the user navigates from one page to another in the private site.
cash_default_country used to identify which country the user set  as his default country on the Cash site
cash_session_country used to hold the country the user is using currently on the Cash site
AMCVS-00CC7FBA5881402E0A495ECF%40AdobeOrg Used by Adobe Analytics. It is deleted when you close your browser
AMCV-00CC7FBA5881402E0A495ECF%40AdobeOrg Used by Adobe Analytics. It will last for 2 years.
s-cc This cookie is set and read by the JavaScript code to determine if cookies are enabled for Adobe Analytics.
s_sq Used by Adobe Analytics. This cookie contains information about the previous link that was clicked on by the user.
_mkto_trk Used by Marketo. It will last for 2 years
Muchkins Used by Marketo. It will last for 2 years
WT_FPC This cookie is used by WebTrends to collect information about how visitors use our site. Information is in an anonymous form, such as number of visitors to the site. The WT_FPC cookie will last for 10 years.
SMusername This cookie holds the value "loggedIN". This cookie is used to determine whether end user is logged into the site or not.
JSESSIONID 3rd Party Client Login for Australia Account Login
selectedClient This cookie holds the account id that is selected on the private site form. This is used to preselect the account information when the user navigates from one page to another in the private site.
selectedIP This cookie holds the investment program id that is selected on the private site form. This is used to preselect the investment program information when the user navigates from one page to another in the private site.
msgFilter This cookie holds filters that are selected in the Message Center Page. This is also used to retain the filters selected when the user lands back into Message Center Page from Message Detail Page
msgDetails This cookie holds the date and priority values of the message.
cobrand 3rd Party Client Login - US Cash Site
JSESSIONID 3rd Party Client Login - US Cash Site
messageCookie 3rd Party Client Login - US Cash Site

Cookie Lifespan

Unless stated above, the lifespan of the cookies we use is limited and will not exceed 13 months.