Special Notice for Funds With Russian Exposure: If market quotations, official closing prices, and/or information furnished by approved pricing sources are not readily available or are deemed unreliable for a portfolio instrument, then that instrument will be valued at fair value as determined in good faith in accordance with SSGA’s fair value pricing procedures. Certain fund holdings have been fair valued at zero but may not yet be reflected as such in the fund holdings file.

SPDR® Morningstar Multi-Asset Global Infrastructure UCITS ETF (Dist) ZPRI GY

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

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.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, 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.

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.

NAV USD (Official NAV)

$32,79

as of 03 Feb 2023

Base Fund Currency

USD

1 Day Nav Change

-$0,38 (-1,14%)

as of 03 Feb 2023

Assets Under Management

$1 682,76 M

as of 03 Feb 2023

TER

0,40%

as of 31 Dec 2022

Quick Links

Fund Objective

The investment objective of the Fund is to track the performance of the global infrastructure market represented by publicly traded infrastructure-related equity and bonds.

Index Description

The Morningstar Global Multi-Asset Infrastructure Index tracks the performance of a broadly diversified portfolio of publically traded global equity and global fixed income securities that, at 31 July 2014, fall within 18 infrastructure related industries. The Index is equally weighted between equities and fixed income but will float between the rebalances which occur on the last business day of every calendar quarter.

Fund Information as of 04 Feb 2023

ISIN	IE00BQWJFQ70
iNAV Ticker	INZPRIE
Inception Date	14 Apr 2015
Countries of Registration	Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom
Base Fund Currency	USD
Income Treatment	Distribution
Settlement Cycle	Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
Trading Cycle	DD+1
TER	0,40%
Benchmark	Morningstar Global Multi-Asset Infrastructure Index
Minimum Investment	1 Share
Trading Currency	EUR, GBP, USD
UCITS Compliant	Yes
Domicile	Ireland
Investment Manager	State Street Global Advisors Europe Limited
Sub-Investment Manager(s)	State Street Global Advisors Limited State Street Global Advisors Trust Company
Fund Umbrella	SSGA SPDR ETFs Europe II plc
Replication Method	Stratified Sampling
Distribution Frequency	Semi-Annually
PEA Eligible	No
ISA Eligible	Yes
SIPP Eligible	Yes
UK Reporting Status	Yes
Securities Lending	No

Listing and Ticker Information as of 04 Feb 2023

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
Deutsche Börse (Primary)	EUR	15 Apr 2015	ZPRI	BRTNXM1	ZPRI GY	ZPRI.DE
London Stock Exchange	GBP	16 Apr 2015	GIN	BRTNXL0	GIN LN	GIN.L
London Stock Exchange	USD	16 Apr 2015	MAGI	BQWJFQ7	MAGI LN	MAGI.L
Borsa Italiana	EUR	09 May 2022	MGIN	BJLV985	MGIN IM	MGIN.MI

INAV

Estimated NAV per Unit at 4PM, Hong Kong as of
Estimated NAV per Unit as of (Updated every 15 seconds)

As of (Updated every 15 seconds)
INAV TICKER	CURRENCY	INAV

The Indicative NAV per share should not be viewed as the actual NAV per share. The Indicative NAV per share is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

Fund Characteristics as of 31 Dec 2022

Number of Holdings

2 354

Fund Market Price as of 03 Feb 2023

Bid Price	€30,20
Offer Price	€30,30
Closing Price	€30,25
Bid/Offer Spread	€0,10
Day High	€30,72
Day Low	€30,25
52 Week High	€34,12
52 Week Low	€29,29

Fund Net Asset Value as of 03 Feb 2023

NAV USD (Official NAV)	$32,79
NAV CHF	CHF 30,25
NAV EUR	€30,20
NAV GBP	£27,08
Assets Under Management	$1 682,76 M
Shares in Issue	51 319 906

Most Recent NAV/NAV History

Reference NAVs are calculated for information purposes only. No warranty is provided as to the accuracy of reference NAVs. Reference NAVs are calculated with WM1600 FX (London time) rate applied in the currency indicated.

Yields as of 03 Feb 2023

Distribution Yield

2,40%

Fund Performance

Fund Inception Date: 14 Apr 2015
Index Inception Date: 03 Nov 2014

as of 31 Dec 2022

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 14 Apr 2015
Fund Net	31 Dec 2022	-1,04%	7,94%	-14,61%	-14,61%	-1,72%	9,95%	-	25,23%
Difference	31 Dec 2022	-0,01%	-0,14%	-0,65%	-0,65%	-1,97%	-3,35%	-	-5,79%
Fund Gross	31 Dec 2022	-1,00%	8,05%	-14,27%	-14,27%	-0,54%	12,17%	-	29,14%
Difference	31 Dec 2022	0,02%	-0,03%	-0,31%	-0,31%	-0,78%	-1,14%	-	-1,88%
Index	31 Dec 2022	-1,02%	8,08%	-13,96%	-13,96%	0,25%	13,31%	-	31,02%

as of 31 Dec 2022

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 14 Apr 2015
Fund Net	31 Dec 2022	-1,04%	7,94%	-14,61%	-14,61%	-0,58%	1,92%	-	2,96%
Difference	31 Dec 2022	-0,01%	-0,14%	-0,65%	-0,65%	-0,66%	-0,61%	-	-0,61%
Fund Gross	31 Dec 2022	-1,00%	8,05%	-14,27%	-14,27%	-0,18%	2,32%	-	3,37%
Difference	31 Dec 2022	0,02%	-0,03%	-0,31%	-0,31%	-0,26%	-0,21%	-	-0,19%
Index	31 Dec 2022	-1,02%	8,08%	-13,96%	-13,96%	0,08%	2,53%	-	3,56%

as of 31 Dec 2022

	2022 (YTD)	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Fund Net	-14,61%	6,46%	8,11%	17,54%	-4,81%	14,35%	7,70%	-7,53%	-	-	-
Difference	-0,65%	-0,67%	-0,65%	-0,65%	-0,45%	-0,66%	-0,49%	-0,45%	-	-	-
Fund Gross	-14,27%	6,88%	8,55%	18,01%	-4,43%	14,81%	8,13%	-7,26%	-	-	-
Difference	-0,31%	-0,24%	-0,22%	-0,18%	-0,07%	-0,21%	-0,06%	-0,19%	-	-	-
Index	-13,96%	7,12%	8,76%	18,18%	-4,37%	15,02%	8,19%	-7,08%	-	-	-

Performance Gross and Net of All Fees.

Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

Calendar year inception performance returns will be partial for the year where the inception date for either the Fund in question or the historic performance-linked Fund (whichever is the earliest) falls within that period.

Deviation & Tracking Error as of 31 Dec 2022

Standard Deviation	14,19%
Tracking Error	0,13%

This calculation is based on the past 3 years performance information.

Top Holdings

Fund Top Holdings as of 31 Dec 2022

Security Name	Weight
NEXTERA ENERGY INC	2,13%
UNION PACIFIC CORP	1,63%
UNITED PARCEL SERVICE CL B	1,63%
AMERICAN TOWER CORP	1,27%
ENBRIDGE INC	1,02%
DUKE ENERGY CORP	1,02%
SOUTHERN CO/THE	1,00%
CANADIAN NATL RAILWAY CO	0,93%
CANADIAN PACIFIC RAILWAY LTD	0,89%
IBERDROLA SA	0,87%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 31 Dec 2022

Sector	Weight
Utilities	48,17%
Transportation & Infrastructure	35,31%
Social Infrastructure	7,21%
Communication & Telecom Assets	5,12%
Energy	3,88%
Medical Care	0,29%
Industrials	0,02%

Geographical Weights

Asset Class Breakdown as of 31 Dec 2022

Sector	Weight
Equity	50,38%
Fixed Income	49,62%

Documents

Fund Documents

Information & Schedules

Characteristics, 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. The holdings are taken from the accounting records of SSGA which may differ from the official books and records of the custodian.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a reliable indicator of future performance.

First net asset value taken into account corresponds to the first end of month following complete investment of the portfolio in agreement with the policy of management. Historical performance is not necessarily indicative of actual future investment performance.

The SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (the "Product") is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s). Morningstar's only relationship to State Street Global Advisors and the Product(s) is the licensing of: (i) certain trade and service marks and names of Morningstar; and (ii) the Morningstar Global Multi-Asset Infrastructure Index which is determined, composed and calculated by Morningstar without regard to State Street Global Investors or the Product(s). Morningstar has no obligation to take the needs of State Street Global Advisors or the Product(s) into consideration in determining, composing or calculating the Product(s). Morningstar is not responsible for and has not participated in the determination of the prices and amount of the Product(s) or the timing of the issuance or sale of the Product(s) or in the determination or calculation of the equation by which the Product(s) is converted into cash. Morningstar has no obligation or liability in connection with the administration, marketing or trading of the Product(s).

It has come to our attention that the performance prior to February 2016 was quoted incorrectly for this Fund. For full details and corrected historical figures, please view the Notice of Performance Correction.

© 2022 Morningstar, Inc. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. State Street does not review the Morningstar data.

Twitter LinkedIn YouTube SPDR Blog

MARKETING COMMUNICATION

FOR PROFESSIONAL INVESTORS USE ONLY.

SSGA SPDR ETFS MAY NOT BE AVAILABLE OR SUITABLE FOR ALL. SPDR ETFs may be offered and sold only in those jurisdictions where authorised, in compliance with applicable regulations.

Investing involves risk including the risk of loss of principal.

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.

The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor.

The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.

All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

EUROPEAN SPDR ETFs

This content has been issued by State Street Global Advisors Europe Limited (“SSGAEL”), regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered number 49934. T: +353 (0)1 776 3000. Fax: +353 (0)1 776 3300.

SPDR ETFs is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by Central Bank of Ireland as open-ended UCITS investment companies.

SSGA SPDR ETFs Europe I & SPDR ETFs Europe II plc issue SPDR ETFs, and is an open-ended investment company with variable capital having segregated liability between its sub-funds. The Company is organized as an Undertaking for Collective Investments in Transferable Securities (UCITS) under the laws of Ireland and authorized as a UCITS by the Central Bank of Ireland.

Please refer to the Fund’s latest Key Information Document (KID) and Prospectus before making any final investment decision. The latest English version of the prospectus and the KID can be found at www.ssga.com. A summary of investor rights can be found here: https://www.ssga.com/library-content/products/fund-docs/summary-of-investor-rights/ssga-spdr-investors-rights-summary.pdf

Note that the Management Company may decide to terminate the arrangements made for marketing and proceed with de-notification in compliance with Article 93a of Directive 2009/65/EC

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.

4955184.1.2.EMEA.INST

Exp: 31.01.2024