Press Release

Fee Reductions to Four Australian SPDR ETFs

SYDNEY, 01 February 2022: State Street Global Advisors, the asset management arm of State Street Corporation (NYSE: STT), today announced fee reductions to four of its SPDR ETFs in Australia, effective 14 February 2022.

The changes relate to two international ETFs and two domestic sector ETFs and include cost reductions of between 6 and 14 basis points.

International ETFs:

The SPDR® S&P® World ex Australia Carbon Control Fund (WXOZ) annual management fee will reduce by 12 basis points from 0.30 per cent to 0.18 per cent.
The SPDR® S&P® World ex Australia Carbon Control (Hedged) Fund (WXHG) annual management fee will reduce by 14 basis points from 0.35 per cent to 0.21 per cent.

Domestic Sector ETFs:

The SPDR® S&P®/ASX 200 Financials EX A-REIT Fund (OZF) annual management fee will reduce by 6 basis points from 0.40 per cent to 0.34 per cent.
The SPDR® S&P®/ASX 200 Resources Fund (OZR) annual management fee will reduce by 6 basis points from 0.40 per cent to 0.34 per cent.

For these four ETFs, investors will pay a management fee between $18 and $34 per annum for every $10,000 invested.

Head of SPDR ETF Asia Pacific Distribution, Meaghan Victor, said the updates formed part of SPDR’s ongoing product review.

“We regularly review our product range to meet investor needs. Part of that is ensuring our locally domiciled ETF offering continues to be competitive, allowing investors to pursue long-term growth,” she said.

“These fee changes reflect our ongoing commitment to offer clients value without compromising on quality.”

As announced on 1 December 2021, WXOZ and WXHG will today start tracking new indices designed to improve the funds’ environmental, social and governance (ESG) profiles.

ESG ETFs are increasingly becoming core holdings for many investors; in the 12 months to December 2021 they grew 66 per cent to US $357 billion in assets and 747 funds globally.¹

Similarly, in the 12 months to December 2021 Australian-listed domestic sector ETFs grew 28 per cent to AUD $959 million in assets.²

“Australian investors in 2022 have more choice than ever before: they can access a growing number of thematics, sectors, geographies, industries and ESG options through more than 230 exchange traded products (ETPs),” Ms Victor said.

“Understanding the provider’s track record, the total cost of ownership, what’s under the hood and asset stewardship strategy are also key components to consider when choosing an ETF,” she said.

As a pioneer of the ETF market, State Street Global Advisors is known for its global expertise in designing ETFs that offer diversification through one single trade. Since bringing the first ETF to Australia more than 20 years ago, State Street Global Advisors now has 17 ETFs available on the ASX.

Issued by State Street Global Advisors, Australia Services Limited (AFSL Number 274900, ABN 16 108 671 441) ("SSGA, ASL"). Registered office: Level 14, 420 George Street, Sydney, NSW 2000, Australia · Telephone: 612 9240-7600 · Web: www.ssga.com/au.

SSGA, ASL is the issuer of interests and the Responsible Entity for the ETFs which are Australian registered managed investment schemes quoted on the AQUA market of the ASX or listed on the ASX.

This material is general information only and does not take into account your individual objectives, financial situation or needs and you should consider whether it is appropriate for you. You should seek professional advice and consider the product disclosure statement and target market determination, available at www.ssga.com/au, before deciding whether to acquire or continue to hold units in an ETF. This material should not be considered a solicitation to buy or sell a security.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. ETFs typically invest by sampling an index, holding 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.

Investing involves risk including the risk of loss of principal.

Diversification does not ensure a profit or guarantee against loss.

The returns on a portfolio of securities which exclude companies that do not meet the portfolio's specified ESG criteria may trail the returns on a portfolio of securities which include such companies. A portfolio's ESG criteria may result in the portfolio investing in industry sectors or securities which underperform the market as a whole.

Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

Currency Risk is a form of risk that arises from the change in price of one currency against another. Whenever investors or companies have assets or business operations across national borders, they face currency risk if their positions are not hedged. Currency Hedging involves taking offsetting positions to reduce exposure to different currencies. These currency exchange contracts may reduce or eliminate some or all of the benefit that an investment may experience from favorable currency fluctuations.

Concentrated investments in a particular Financial Services Sector 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.

Financial Services Sector concentration are subject to government regulation, deterioration of credit markets, losses resulting from financial difficulties of borrowers and losses resulting from investment activities.

SPDR and Standard & Poor's® S&P® indices are trademarks of Standard & Poor's Financial Services LLC and have been licensed for use by State Street Corporation. The Dow Jones Global Select Real Estate Securities Index is a product of S&P Dow Jones Indices LLC and has been licensed for use by SSGA, ASL. ASX®, a registered trademark of ASX Operations Pty Limited, has been licensed for use by SSGA, ASL. SPDR products are not sponsored, endorsed, sold or promoted by any of these entities and none of these entities bear any liability with respect to the ETFs or make any representation, warranty or condition regarding the advisability of buying, selling or holding units in the ETFs issued by SSGA, ASL.

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, ASL’s express written consent.

4253860.1.1.ANZ.RTL Expiry date: 31/01/2023

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Issued by State Street Global Advisors, Australia Services Limited (AFSL Number 274900, ABN 16 108 671 441) ("SSGA, ASL" or "State Street Global Advisors, ASL"). Registered office: Level 14, 420 George Street, Sydney, NSW 2000, Australia · Telephone: 612 9240-7600 · Web: www.ssga.com.

State Street Global Advisors, ASL is the issuer of interests and the Responsible Entity for the ETFs which are Australian registered managed investment schemes quoted on the AQUA market of the ASX or listed on the ASX. This material is general information only and does not take into account your individual objectives, financial situation or needs and you should consider whether it is appropriate for you. You should seek professional advice and consider the product disclosure document and target market determination, available at www.ssga.com/au, before deciding whether to acquire or continue to hold units in an ETF. This material should not be considered a solicitation to buy or sell a security. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. ETFs typically invest by sampling an index, holding 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. Investing involves risk including the risk of loss of principal. Diversification does not ensure a profit or guarantee against loss. Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. Sector ETF products are also subject to sector risk and non-diversification risk, which generally results in greater price fluctuations than the overall market. SPDR®, Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, ASX® is a registered trademark of the ASX Operations Pty Ltd, these trademarks have been licensed for use by S&P Dow Jones Indices LLC and sub-licensed for use to State Street Global Advisors, ASL. MSCI indexes are the exclusive property of MSCI Inc. (“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by State Street. SPDR products are not sponsored, endorsed, sold or promoted by any of these entities and none of these entities bear any liability with respect to the ETFs or make any representation, warranty or condition regarding the advisability of buying, selling or holding units in the ETFs issued by State Street Global Advisors, ASL. State Street Global Advisors Trust Company (ARBN 619 273 817) is the trustee of, and the issuer of interests in, the SPDR® S&P 500® ETF Trust, an ETF registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and principally listed and traded on NYSE Arca, Inc. under the symbol "SPY". State Street Global Advisors, ASL is the AQUA Product Issuer for the CHESS Depositary Interests (or "CDIs") which have been created over units in SPY and are quoted on the AQUA market of the ASX. 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 State Street Global Advisors, ASL's express written consent.