SPDR® MSCI USA Small Cap Value Weighted UCITS ETF ZPRV 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.

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)

$52,43

as of 31 Mar 2023

Base Fund Currency

USD

1 Day Nav Change

+$0,99 (+1,92%)

as of 31 Mar 2023

Assets Under Management

$335,57 M

as of 31 Mar 2023

TER

0,30%

as of 28 Feb 2023

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Fund Objective

The investment objective of the Fund is to track the performance of US small capitalisation equities with a higher weighting applied to equities exhibiting low valuation characteristics.

Index Description

The MSCI USA Small Cap Value Weighted Index is based on the traditional market capitalisation weighted parent index, the MSCI USA Small Cap Index, which includes US small cap equities. The value methodology of the Index is to re-weight each security in the parent index to emphasise those stocks with lower valuations within the parent index.

Fund Information as of 01 Apr 2023

ISIN	IE00BSPLC413
iNAV Ticker	INZPRVE
Inception Date	18 Feb 2015
Countries of Registration	Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom
Base Fund Currency	USD
Income Treatment	Accumulation
Settlement Cycle	Redemption Settlement Cycle, DD+2; Subscription Settlement Cycle, DD+2
Trading Cycle	DD
TER	0,30%
Benchmark	MSCI USA Small Cap Value Weighted 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 Trust Company
Fund Umbrella	SSGA SPDR ETFs Europe II plc
Replication Method	Optimised
Distribution Frequency	-
PEA Eligible	No
ISA Eligible	Yes
SIPP Eligible	Yes
UK Reporting Status	Yes
Securities Lending	No

Listing and Ticker Information as of 01 Apr 2023

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
Deutsche Börse (Primary)	EUR	19 Feb 2015	ZPRV	BSPLC85	ZPRV GY	ZPRV.DE
London Stock Exchange	USD	20 Feb 2015	USSC	BSPLC41	USSC LN	USSC.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 30 Mar 2023

Average Market Cap (M)	$3 798,34 M
Number of Holdings	1 875
Average Price/Book	1,32
Price/Earnings Ratio FY1	10,21

Index Characteristics as of 30 Mar 2023

Index Dividend Yield

1,91%

Fund Market Price as of 31 Mar 2023

Bid Price	€48,08
Offer Price	€48,12
Closing Price	€48,10
Bid/Offer Spread	€0,04
Day High	€48,16
Day Low	€47,22
52 Week High	€55,95
52 Week Low	€44,94

Fund Net Asset Value as of 31 Mar 2023

NAV USD (Official NAV)	$52,43
NAV EUR	€48,26
Assets Under Management	$335,57 M
Shares in Issue	6 400 000

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.

Fund Performance

Fund Inception Date: 18 Feb 2015
Index Inception Date: 31 Dec 2014

as of 28 Feb 2023

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 18 Feb 2015
Fund Net	28 Feb 2023	-1,98%	2,70%	9,43%	0,60%	71,86%	58,73%	-	87,21%
Difference	28 Feb 2023	0,00%	-0,02%	-0,01%	-0,02%	-0,93%	-1,49%	-	-2,96%
Fund Gross	28 Feb 2023	-1,95%	2,78%	9,49%	0,90%	73,41%	61,13%	-	91,77%
Difference	28 Feb 2023	0,02%	0,06%	0,04%	0,28%	0,62%	0,90%	-	1,60%
Index	28 Feb 2023	-1,98%	2,72%	9,45%	0,62%	72,79%	60,22%	-	90,17%

as of 28 Feb 2023

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 18 Feb 2015
Fund Net	28 Feb 2023	-1,98%	2,70%	9,43%	0,60%	19,80%	9,68%	-	8,13%
Difference	28 Feb 2023	0,00%	-0,02%	-0,01%	-0,02%	-0,22%	-0,21%	-	-0,21%
Fund Gross	28 Feb 2023	-1,95%	2,78%	9,49%	0,90%	20,16%	10,01%	-	8,45%
Difference	28 Feb 2023	0,02%	0,06%	0,04%	0,28%	0,14%	0,12%	-	0,11%
Index	28 Feb 2023	-1,98%	2,72%	9,45%	0,62%	20,01%	9,89%	-	8,34%

as of 28 Feb 2023

	2023 (YTD)	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Fund Net	9,43%	-10,23%	35,40%	8,46%	23,80%	-14,31%	9,37%	25,83%	-11,11%	-	-
Difference	-0,01%	-0,03%	-0,29%	-0,49%	-0,43%	0,02%	0,02%	-0,73%	0,03%	-	-
Fund Gross	9,49%	-9,96%	35,80%	8,79%	24,17%	-14,05%	9,70%	26,21%	-10,88%	-	-
Difference	0,04%	0,24%	0,12%	-0,16%	-0,06%	0,28%	0,35%	-0,35%	0,26%	-	-
Index	9,45%	-10,20%	35,68%	8,95%	24,23%	-14,33%	9,35%	26,56%	-11,14%	-	-

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 28 Feb 2023

Standard Deviation	29,30%
Tracking Error	0,16%

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

Top Holdings

Fund Top Holdings as of 30 Mar 2023

Security Name	Weight
Jabil Inc.	0,67%
United States Steel Corporation	0,62%
Plains GP Holdings LP Class A	0,59%
Flex Ltd.	0,54%
Builders FirstSource Inc.	0,52%
Jackson Financial Incorporation Class A	0,49%
Performance Food Group Company	0,49%
Unum Group	0,48%
Genworth Financial Inc. Class A	0,47%
New York Community Bancorp Inc.	0,46%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 30 Mar 2023

Sector	Weight
Financials	23,96%
Consumer Discretionary	17,25%
Industrials	17,03%
Information Technology	8,29%
Health Care	6,61%
Materials	6,20%
Real Estate	6,06%
Consumer Staples	4,44%
Energy	4,29%
Communication Services	3,42%
Utilities	2,46%

Geographical Weights

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 financial products referred to herein are not sponsored, endorsed, or promoted by MSCI and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA and any related financial products.

The recipient is only permitted to view or receive the Index Data in the form in which it is in presented. The recipient understands, acknowledges and agrees that use of the Index Data is at its sole risk. The recipient understands, acknowledges and agrees that the Index Data is provided "as is" and that neither Morningstar UK Limited (Morningstar) nor its content providers warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data. The recipient further understands, acknowledges and agrees that the Index Data is provided to you as an investor in financial products solely pursuant to regulatory requirements and for informational purposes only. The Index Data may not be used by you for commercial purposes and may not be used for trading or other purposes in lieu of a subscription to such Index Data with Morningstar.