SPDR® Bloomberg Euro Corporate Bond UCITS ETF (Dist) SYBC 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.

NAV EUR (Official NAV)

€51,57

as of 27 Jan 2023

Base Fund Currency

EUR

1 Day Nav Change

-€0,03 (-0,06%)

as of 27 Jan 2023

Assets Under Management

€624,08 M

as of 27 Jan 2023

TER

0,12%

as of 31 Dec 2022

Quick Links

Fund Objective

The objective of the Fund is to track the performance of the fixed-rate, investment-grade Euro-denominated corporate bond market.

Index Description

The Bloomberg Euro Corporate Bond Index contains fixed-rate, investment-grade Euro-denominated bonds from industrial, utility and financial issuers only. Inclusion is based on the currency of the issue, and not the domicile of the issuer.

Fund Information as of 28 Jan 2023

ISIN	IE00B3T9LM79
iNAV Ticker	INSYBCE
Inception Date	23 May 2011
Countries of Registration	Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom
Base Fund Currency	EUR
Income Treatment	Distribution
Settlement Cycle	Redemption Settlement Cycle, DD+2; Subscription Settlement Cycle, DD+2
Trading Cycle	DD
TER	0,12%
Benchmark	Bloomberg Euro Corporate Bond Index
Minimum Investment	1 Share
Trading Currency	EUR
UCITS Compliant	Yes
Domicile	Ireland
Investment Manager	State Street Global Advisors Europe Limited
Sub-Investment Manager(s)	State Street Global Advisors 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 28 Jan 2023

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
Deutsche Börse (Primary)	EUR	24 May 2011	SYBC	B45WQM2	SYBC GY	EUCO.DE
Euronext Paris	EUR	05 Oct 2011	EUCO	B672MK4	EUCO FP	EUCO.PA
Borsa Italiana	EUR	12 Apr 2012	EUCO	B6TGX01	EUCO IM	EUCO.MI
London Stock Exchange	EUR	09 Dec 2014	EUCO	B3T9LM7	EUCO LN	EUCO.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 26 Jan 2023

Current Yield	1,82%
Effective Convexity	0,31%
Effective Duration	4,57
Number of Holdings	3 116
Yield to Maturity	3,85%
Average Maturity in Years	5,02
Average Price	€90,90

Fund Market Price as of 27 Jan 2023

Bid Price	€51,70
Offer Price	€51,78
Closing Price	€51,74
Bid/Offer Spread	€0,08
Day High	€51,78
Day Low	€51,64
52 Week High	€58,58
52 Week Low	€49,02

Fund Net Asset Value as of 27 Jan 2023

NAV EUR (Official NAV)	€51,57
NAV CHF	CHF 51,60
Assets Under Management	€624,08 M
Shares in Issue	12 101 892

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 27 Jan 2023

Distribution Yield

0,94%

Fund Performance

Fund Inception Date: 23 May 2011
Index Inception Date: 31 Mar 2001

as of 31 Dec 2022

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 23 May 2011
Fund Net	31 Dec 2022	-1,81%	0,96%	-14,11%	-14,11%	-12,94%	-8,91%	6,80%	20,42%
Difference	31 Dec 2022	-0,04%	-0,13%	-0,46%	-0,46%	-0,83%	-1,11%	-2,32%	-3,01%
Fund Gross	31 Dec 2022	-1,80%	0,99%	-14,01%	-14,01%	-12,56%	-8,14%	8,77%	23,04%
Difference	31 Dec 2022	-0,03%	-0,10%	-0,36%	-0,36%	-0,45%	-0,35%	-0,35%	-0,39%
Index	31 Dec 2022	-1,77%	1,09%	-13,65%	-13,65%	-12,11%	-7,79%	9,12%	23,44%

as of 31 Dec 2022

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 23 May 2011
Fund Net	31 Dec 2022	-1,81%	0,96%	-14,11%	-14,11%	-4,51%	-1,85%	0,66%	1,61%
Difference	31 Dec 2022	-0,04%	-0,13%	-0,46%	-0,46%	-0,30%	-0,24%	-0,22%	-0,22%
Fund Gross	31 Dec 2022	-1,80%	0,99%	-14,01%	-14,01%	-4,37%	-1,68%	0,84%	1,80%
Difference	31 Dec 2022	-0,03%	-0,10%	-0,36%	-0,36%	-0,16%	-0,07%	-0,03%	-0,03%
Index	31 Dec 2022	-1,77%	1,09%	-13,65%	-13,65%	-4,21%	-1,61%	0,88%	1,83%

as of 31 Dec 2022

	2022 (YTD)	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Fund Net	-14,11%	-1,19%	2,58%	6,10%	-1,39%	2,16%	4,58%	-0,70%	8,24%	2,10%	13,36%
Difference	-0,46%	-0,22%	-0,19%	-0,14%	-0,14%	-0,25%	-0,15%	-0,14%	-0,15%	-0,27%	-0,23%
Fund Gross	-14,01%	-1,07%	2,78%	6,32%	-1,19%	2,36%	4,79%	-0,51%	8,46%	2,30%	13,59%
Difference	-0,36%	-0,10%	0,01%	0,08%	0,06%	-0,05%	0,06%	0,06%	0,07%	-0,07%	0,00%
Index	-13,65%	-0,97%	2,77%	6,24%	-1,25%	2,41%	4,73%	-0,56%	8,40%	2,37%	13,59%

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 Euro Corporate Bond UCITS ETF (Dist) , tracking the Bloomberg Barclays Euro Corporate Bond Index.

Deviation & Tracking Error as of 31 Dec 2022

Standard Deviation	7,35%
Tracking Error	0,08%

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

Top Holdings

Fund Top Holdings as of 26 Jan 2023

Security Name	Weight
CREDIT SUISSE GROUP AG 7.75 03/01/2029	0,15%
COOPERATIEVE RABOBANK UA 4.125 07/14/2025	0,13%
ING GROEP NV 4.875 11/14/2027	0,12%
JPMORGAN CHASE & CO 1.09 03/11/2027	0,11%
TOTALENERGIES SE 2.625 02/28/2049	0,11%
BNP PARIBAS 2.75 07/25/2028	0,11%
GOLDMAN SACHS GROUP INC 3.375 03/27/2025	0,11%
BNP PARIBAS 2.125 01/23/2027	0,11%
VOLKSWAGEN INTL FIN NV 1.875 03/30/2027	0,11%
BOUYGUES SA 4.625 06/07/2032	0,11%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 26 Jan 2023

Sector	Weight
Corporate - Industrial	48,06%
Corporate - Finance	44,17%
Corporate - Utility	7,60%
Cash	0,17%

Geographical Weights

Maturity Ladder

Fund Maturity Ladder as of 26 Jan 2023

Maturity	Weight
0 - 1 Year	0,73%
1 - 2 Years	12,99%
2 - 3 Years	15,38%
3 - 5 Years	29,81%
5 - 7 Years	19,60%
7 - 10 Years	15,17%
10 - 15 Years	4,58%
15 - 20 Years	1,44%
20 - 30 Years	0,29%
> 30 Years	0,01%

Quality Breakdown

Fund Quality Breakdown as of 26 Jan 2023

Quality	Weight
A-	0,03%
AAA	0,45%
A1	9,17%
AA1	0,30%
A2	10,59%
AA2	0,85%
A3	20,67%
AA3	5,66%
BAA1	21,10%
BAA2	21,08%
BAA3	10,11%

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.

Previous to 1 February 2022, the Fund was known as SPDR Bloomberg Barclays Euro Corporate Bond UCITS ETF (Dist) , tracking the Bloomberg Barclays Euro Corporate Bond Index.

© 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