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® Bloomberg EM Inflation Linked Local Bond UCITS ETF (Dist) SYBI GY

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)

$47,28

as of 24 Mar 2023

Base Fund Currency

USD

1 Day Nav Change

-$0,12 (-0,25%)

as of 24 Mar 2023

Assets Under Management

$36,63 M

as of 24 Mar 2023

TER

0,55%

Quick Links

Fund Objective

The objective of the Fund is to seek to track the performance of the investible local currency emerging markets inflation linked bond market.

Index Description

The Bloomberg Emerging Markets Inflation Linked 20% Capped Bond Index is designed to provide a broad measure of the performance of investible local currency inflation linked bonds, issued by various emerging markets. The Index limits country exposure to a maximum of 20% per country and redistributes the excess market value Index-wide on a pro-rata basis.

Fund Information as of 25 Mar 2023

ISIN	IE00B7MXFZ59
iNAV Ticker	INSYBIE
Inception Date	23 Apr 2013
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	0,55%
Benchmark	Bloomberg Emerging Markets Inflation Linked 20% Capped Bond Index
Minimum Investment	1 Share
Trading Currency	EUR, 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 Singapore Limited
Fund Umbrella	SSGA SPDR ETFs Europe I 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 25 Mar 2023

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
Deutsche Börse (Primary)	EUR	25 Apr 2013	SYBI	B99KL22	SYBI GY	SYBI.DE
London Stock Exchange	USD	26 Apr 2013	EMIL	B7MXFZ5	EMIL LN	EMIL.L

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 23 Mar 2023

Current Yield	2,38%
Effective Convexity	1,15%
Effective Duration	7,92
Number of Holdings	93
Yield to Maturity	8,33%
Real Yield to Maturity	1,80%
Average Maturity in Years	10,87
Average Price	$166,17

Fund Market Price as of 24 Mar 2023

Bid Price	€43,70
Offer Price	€43,99
Closing Price	€44,02
Bid/Offer Spread	€0,30
Day High	€44,02
Day Low	€43,44
52 Week High	€50,98
52 Week Low	€43,10

Fund Net Asset Value as of 24 Mar 2023

NAV USD (Official NAV)	$47,28
NAV EUR	€43,93
NAV GBP	£38,67
Assets Under Management	$36,63 M
Shares in Issue	774 601

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 24 Mar 2023

Distribution Yield

14,13%

Fund Performance

Fund Inception Date: 23 Apr 2013
Index Inception Date: 01 Mar 2013
Performance Inception Date: 24 Apr 2013

as of 28 Feb 2023

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 24 Apr 2013
Fund Net	28 Feb 2023	-0,77%	3,40%	2,82%	2,57%	2,83%	1,37%	-	-6,31%
Difference	28 Feb 2023	-0,15%	-0,35%	-0,19%	-0,61%	-2,74%	-4,64%	-	-7,40%
Fund Gross	28 Feb 2023	-0,73%	3,54%	2,91%	3,14%	4,53%	4,19%	-	-1,11%
Difference	28 Feb 2023	-0,11%	-0,21%	-0,10%	-0,05%	-1,03%	-1,82%	-	-2,20%
Index	28 Feb 2023	-0,62%	3,75%	3,00%	3,19%	5,57%	6,01%	-	1,09%

as of 28 Feb 2023

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 24 Apr 2013
Fund Net	28 Feb 2023	-0,77%	3,40%	2,82%	2,57%	0,93%	0,27%	-	-0,66%
Difference	28 Feb 2023	-0,15%	-0,35%	-0,19%	-0,61%	-0,89%	-0,90%	-	-0,77%
Fund Gross	28 Feb 2023	-0,73%	3,54%	2,91%	3,14%	1,49%	0,82%	-	-0,11%
Difference	28 Feb 2023	-0,11%	-0,21%	-0,10%	-0,05%	-0,33%	-0,35%	-	-0,22%
Index	28 Feb 2023	-0,62%	3,75%	3,00%	3,19%	1,82%	1,17%	-	0,11%

as of 28 Feb 2023

	2023 (YTD)	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Fund Net	2,82%	1,82%	-5,20%	-1,04%	12,72%	-5,68%	11,75%	8,82%	-15,70%	0,97%	-13,32%
Difference	-0,19%	-0,80%	-0,91%	-0,89%	-0,97%	-0,85%	-1,01%	-0,73%	-0,40%	-0,44%	-0,49%
Fund Gross	2,91%	2,38%	-4,68%	-0,50%	13,34%	-5,16%	12,36%	9,42%	-15,23%	1,53%	-12,99%
Difference	-0,10%	-0,24%	-0,39%	-0,34%	-0,35%	-0,33%	-0,40%	-0,13%	0,06%	0,12%	-0,16%
Index	3,00%	2,62%	-4,29%	-0,16%	13,69%	-4,83%	12,76%	9,54%	-15,29%	1,41%	-12,83%

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.

Previous to 1 February 2022, the Fund was known as SPDR Bloomberg Barclays EM Inflation Linked Local Bond UCITS ETF (Dist), tracking the Bloomberg Barclays Emerging Markets Inflation Linked 20% Capped Bond Index.

Deviation & Tracking Error as of 28 Feb 2023

Standard Deviation	13,35%
Tracking Error	0,39%

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

Top Holdings

Fund Top Holdings as of 23 Mar 2023

Security Name	Weight
MEXICAN UDIBONOS 4 11/30/2028	3,25%
MEXICAN UDIBONOS 4.5 11/22/2035	3,19%
NOTA DO TESOURO NACIONAL 6 08/15/2050	2,96%
MEXICAN UDIBONOS 4 11/03/2050	2,94%
NOTA DO TESOURO NACIONAL 6 05/15/2023	2,85%
MEXICAN UDIBONOS 4 11/08/2046	2,83%
MEXICAN UDIBONOS 4 11/15/2040	2,68%
BONOS TESORERIA GENL REP 3 01/01/2044	2,64%
NOTA DO TESOURO NACIONAL 6 08/15/2026	2,57%
ISRAEL CPI-LINKED 4 05/30/2036	2,24%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 23 Mar 2023

Sector	Weight
Treasury	98,62%
Cash	1,38%

Geographical Weights

Maturity Ladder

Fund Maturity Ladder as of 23 Mar 2023

Maturity	Weight
0 - 1 Year	4,15%
1 - 2 Years	6,06%
2 - 3 Years	10,10%
3 - 5 Years	14,20%
5 - 7 Years	11,56%
7 - 10 Years	11,40%
10 - 15 Years	16,43%
15 - 20 Years	5,42%
20 - 30 Years	19,28%
> 30 Years	1,38%

Quality Breakdown

Fund Quality Breakdown as of 23 Mar 2023

Quality	Weight
AAA	1,38%
AA2	1,49%
A1	14,92%
A2	10,05%
BAA1	0,86%
BAA2	19,61%
BAA3	7,28%
BA2	10,13%
BA3	19,60%
B2	14,68%

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.

"Bloomberg^®" and all Bloomberg Indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Bank and Trust Company, through its State Street Global Advisors division ("SSGA"). Bloomberg is not affiliated with SSGA, and Bloomberg does not approve, endorse, review, or recommend any SSGA product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to any SSGA product.