SPDR® MSCI Japan EUR Hdg UCITS ETF ZPDW 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.

The Fund/share class may use financial derivatives instruments for currency hedging and to manage the portfolio efficiently. The Fund may purchase securities that are not denominated in the share class currency. Hedging should mitigate the impact of exchange rate fluctuations however hedges are sometimes subject to imperfect matching which could generate losses.

NAV

€46,17

as of 29 Nov 2022

Share Class Currency

EUR

1 Day Nav Change

-€0,26 (-0,55%)

as of 29 Nov 2022

Total Fund Assets JPY

JPY ¥39 294,60 M

as of 29 Nov 2022

TER

0,17%

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Fund Objective

The objective of the Fund is to track the performance of the Japanese equity market.

Index Description

The MSCI Japan 100% Hedged to EUR Index represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the MSCI Japan Index, to EUR. The index is 100% hedged to the EUR by selling the JPY forward at the one-month Forward rate. The parent index is composed of large and mid cap Japanese stocks.

Fund Information as of 30 Nov 2022

ISIN	IE00BZ0G8C04
iNAV Ticker	INZPDWE
Inception Date	30 Nov 2015
Countries of Registration	Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom
Currency Hedging	Monthly
Share Class Currency	EUR
Income Treatment	Accumulation
Settlement Cycle	Redemption Settlement Cycle, DD+2; Subscription Settlement Cycle, DD+2
Trading Cycle	DD+1
TER	0,17%
Benchmark	MSCI Japan 100% Hedged to EUR 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	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 30 Nov 2022

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
Deutsche Börse (Primary)	EUR	01 Dec 2015	ZPDW	BZ0G8C0	ZPDW GY	ZPDW.DE
London Stock Exchange	EUR	02 Dec 2015	JPEH	BZ096F8	JPEH LN	JPEH.L
Borsa Italiana	EUR	23 Feb 2016	JPEH	BYVB5S2	JPEH IM	JPEH.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 29 Nov 2022

Average Market Cap (M)	JPY ¥4 798 851,50 M
Number of Holdings	237
Average Price/Book	1,25
Price/Earnings Ratio FY1	12,83

Fund Market Price as of 29 Nov 2022

Bid Price	€45,94
Offer Price	€46,01
Closing Price	€45,97
Bid/Offer Spread	€0,07
Day High	-
Day Low	-
52 Week High	€47,37
52 Week Low	€40,03

Fund Net Asset Value as of 29 Nov 2022

NAV	€46,17
Share Class Assets	€18,46 M
Shares in Issue	399 798
Total Fund Assets JPY	JPY ¥39 294,60 M

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: 30 Nov 2015
Index Inception Date: 01 Nov 2015

as of 31 Oct 2022

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	Since Inception 30 Nov 2015
Fund Net	31 Oct 2022	5,64%	0,03%	-2,89%	-2,85%	21,13%	17,93%	29,50%
Difference	31 Oct 2022	-0,02%	-0,08%	-0,52%	-0,59%	-1,42%	-2,36%	-3,79%
Fund Gross	31 Oct 2022	5,65%	0,07%	-2,75%	-2,68%	21,80%	19,42%	32,02%
Difference	31 Oct 2022	0,00%	-0,04%	-0,38%	-0,42%	-0,74%	-0,88%	-1,27%
Index	31 Oct 2022	5,66%	0,11%	-2,37%	-2,26%	22,55%	20,29%	33,29%

as of 31 Oct 2022

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	Since Inception 30 Nov 2015
Fund Net	31 Oct 2022	5,64%	0,03%	-2,89%	-2,85%	6,60%	3,35%	3,81%
Difference	31 Oct 2022	-0,02%	-0,08%	-0,52%	-0,59%	-0,41%	-0,41%	-0,43%
Fund Gross	31 Oct 2022	5,65%	0,07%	-2,75%	-2,68%	6,79%	3,61%	4,10%
Difference	31 Oct 2022	0,00%	-0,04%	-0,38%	-0,42%	-0,22%	-0,15%	-0,14%
Index	31 Oct 2022	5,66%	0,11%	-2,37%	-2,26%	7,01%	3,76%	4,24%

as of 31 Oct 2022

	2022 (YTD)	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Fund Net	-2,89%	12,49%	7,49%	16,73%	-16,15%	18,62%	-2,95%	-2,12%	-	-	-
Difference	-0,52%	-0,28%	-0,37%	-0,99%	0,06%	-0,56%	-0,46%	-0,04%	-	-	-
Fund Gross	-2,75%	12,68%	7,69%	17,14%	-15,86%	19,04%	-2,61%	-2,09%	-	-	-
Difference	-0,38%	-0,08%	-0,17%	-0,58%	0,35%	-0,14%	-0,12%	-0,01%	-	-	-
Index	-2,37%	12,76%	7,87%	17,72%	-16,21%	19,18%	-2,49%	-2,08%	-	-	-

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 Oct 2022

Standard Deviation	15,14%
Tracking Error	0,24%

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

Top Holdings

Fund Top Holdings as of 29 Nov 2022

Security Name	Weight
Toyota Motor Corp.	4,90%
Sony Group Corporation	3,31%
Keyence Corporation	2,64%
Mitsubishi UFJ Financial Group Inc.	2,05%
Daiichi Sankyo Company Limited	1,82%
SoftBank Group Corp.	1,66%
HitachiLtd.	1,63%
Tokyo Electron Ltd.	1,54%
Shin-Etsu Chemical Co Ltd	1,51%
KDDI Corporation	1,51%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 29 Nov 2022

Sector	Weight
Industrials	22,46%
Consumer Discretionary	18,32%
Information Technology	13,78%
Financials	10,67%
Health Care	10,08%
Communication Services	8,35%
Consumer Staples	6,67%
Materials	4,43%
Real Estate	3,43%
Utilities	0,97%
Energy	0,85%

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.

Performance Gross and Net of All Fees.

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.

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.

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Important Risk Information:

SPDR ETF is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by European regulatory authorities as open-ended UCITS investment companies. SPDR ETFs may not be available or suitable for you.

Changes in exchange rates may have an adverse effect on the value, price or income of an investment. Further, there is no guarantee an ETF will achieve its investment objective.

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Information related to Mexico

This information does not constitute and is not intended to constitute marketing or an offer of securities and accordingly should not be construed as such. The Funds referenced herein have not been, and will not be, registered under the Mexican Securities Market Law (Ley del Mercado de Valores) and may not be publicly offered or sold in the United Mexican States. Disclosure documentation related to any of the aforementioned Funds may not be distributed publicly in Mexico and shares of the Funds may not be traded in Mexico.

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