Marketing Communication
ssga.com
State Street Global Advisors Global Entities
For institutional / professional investors use only.
Important risk information
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 SSIM’s express written consent.
The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.
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 applicable regional 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.
Past performance is not necessarily indicative of the future performance..
All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses.
Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.
Diversification does not ensure a profit or guarantee against loss. It is not possible to invest directly in an index. Index performance does not reflect charges and expenses associated with the fund or brokerage commissions associated with buying and selling a fund. Index performance is not meant to represent that of any particular fund.
The views expressed in this material are the views of State Street Investment Management
through the period ended November 30, 2025 and are subject to change based on market and other conditions.
This document may contain certain statements deemed to be forward-looking statements.
All statements, other than historical facts, contained within this document that address activities, events or developments that SSIM expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by SSIM in light of its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances, many of which are detailed herein. Such statements are subject to a number of assumptions, risks, uncertainties, many of which are beyond SSIM’s control. Please note that any such statements are not guarantees of any future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
All information is from SSIM 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.
Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.
Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.
Investments in small-sized companies may involve greater risks than in those of larger, better known companies.
There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries.
Investments in Senior Loans are subject to credit risk and general investment risk. Credit risk refers to the possibility that the borrower of a Senior Loan will be unable and/or unwilling to make timely interest payments and/or repay the principal on its obligation. Default in the payment of interest or principal on a Senior Loan will result in a reduction in the value of the Senior Loan.
Actively managed funds do not seek to replicate the performance of a specified index
The Strategy/fund is actively managed and may underperform its benchmarks. An investment in the strategy/Fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the strategy/Fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.
Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.
Performance of the asset allocation funds depends on the underlying funds. These funds may be subject to the volatility of global financial markets (domestic and international) and additional risks associated with investing in high-yield, small-cap, and foreign securities. Please see the prospectus for further information on these and other risk considerations
Investing in high yield fixed income securities, otherwise known as “junk bonds”, is considered speculative and involves greater risk of default than investing in investment grade fixed income securities. Issuers of high yield debt securities may have substantially greater risk of insolvency or bankruptcy than issuers of higher-quality debt securities.
Currency Hedging involves taking offsetting positions intended to substantially offset currency losses on the hedged instrument. If the hedging position behaves differently than expected, the volatility of the strategy as a whole may increase and even exceed the volatility of the asset being hedged. There can be no assurance that the Fund’s hedging strategies will be effective.
These investments may have difficulty in liquidating an investment position without taking a significant discount from current market value, which can be a significant problem with certain lightly traded securities.
CLO Debt Securities carry certain structural risks including potential subordination to the other tranches of debt in the same capital structure, volatility of underlying collateral values, and potential for principal loss of the underlying assets in excess of the equity valuation. CLOs issue classes or "tranches" of securities that vary in risk and yield. Losses caused by defaults on underlying assets are borne first by the holders of subordinate tranches.
Investments in Senior Loans are subject to credit risk and general investment risk. Credit risk refers to the possibility that the borrower of a Senior Loan will be unable and/or unwilling to make timely interest payments and/or repay the principal on its obligation. Default in the payment of interest or principal on a Senior Loan will result in a reduction in the value of the Senior Loan.
The returns on a portfolio of securities which exclude companies that do not meet the portfolio's sustainable strategy criteria may trail the returns on a portfolio of securities which include such companies. A portfolio's sustainable strategy criteria may result in the portfolio investing in industry sectors or securities which underperform the market as a whole.
Generally, among asset classes, stocks are more volatile than bonds or short-term instruments. Government bonds and corporate bonds generally have more moderate short-term price fluctuations than stocks, but provide lower potential long-term returns. U.S. Treasury Bills maintain a stable value if held to maturity, but returns are generally only slightly above the inflation rate.
International Government bonds and corporate bonds generally have more moderate short-term price fluctuations than stocks, but provide lower potential long-term returns.
Issuers of convertible securities may not be as financially strong as those issuing securities with higher credit ratings and may be more vulnerable to changes in the economy. Other risks associated with convertible bond investments include: Call risk which is the risk that bond issuers may repay securities with higher coupon or interest rates before the security's maturity date; liquidity risk which is the risk that certain types of investments may not be possible to sell the investment at any particular time or at an acceptable price; and investments in derivatives, which can be more sensitive to sudden fluctuations in interest rates or market prices, potential illiquidity of the markets, as well as potential loss of principal.
Investing in REITs involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline).
<ETF-related disclosures>
ETFs trade like stocks, are subject to investment risk and will fluctuate in market value. The investment return and principal value of an investment will fluctuate in value, so that when shares are sold or redeemed, they may be worth more or less than when they were purchased. Although shares may be bought or sold on an exchange through any brokerage account, shares are not individually redeemable from the fund. Investors may acquire shares and tender them for redemption through the fund in large aggregations known as “creation units.” Please see the fund’s prospectus for more details.
There can be no assurance that a liquid market will be maintained for ETF shares
In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETFs may be bought and sold on the exchange through any brokerage account, ETFs are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only, please see the prospectus for more details.
Region-specific fund disclosures
ETF SPDR® Morningstar MultiAsset Global Infrastructure UCITS ETF (Dist)
ETF SPDR® S&P 500 Quality Aristocrats UCITS ETF (Acc)
ETF SPDR® S&P 500 UCITS ETF (Acc)
ETF SPDR® S&P 500 UCITS ETF (Dist)
ETF SPDR® S&P 500 UCITS ETF - Euro Hedged (Acc)
ETF SPDR® S&P 500 UCITS ETF - GBP Hedged (Acc)
ETF SPDR® Russell 2000 UCITS ETF (Acc)
ETF SPDR® S&P 400 UCITS ETF (Dist)
ETF SPDR® S&P 400 UCITS ETF (Acc)
ETF SPDR® S&P 500 UCITS ETF - Euro Hedged (Acc)
ETF SPDR® S&P® U.S. Communication Services Select Sector UCITS ETF (Acc
ETF SPDR® S&P® U.S. Utilities Select Sector UCITS ETF (Acc)
ETF SPDR® S&P® U.S. Industrials Select Sector UCITS ETF (Acc)
ETF SPDR® MSCI Europe Utilities UCITS ETF
ETF SPDR® MSCI Europe Industrials UCITS ETF
ETF SPDR® MSCI Europe Technology UCITS ETF
ETF State Street Emerging Markets Screened Enhanced Equity Fund / ETF Shareclass (SEMR IM)
ETF SPDR® Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)
ETF SPDR® Bloomberg 3-7 Year U.S. Treasury Bond UCITS ETF (Dist)
ETF SPDR® Bloomberg 7-10 Year U.S. Treasury Bond UCITS ETF (Dist)
ETF SPDR® Bloomberg U.S. Treasury Bond UCITS ETF (Dist)
ETF SPDR Bloomberg Euro Government Bond UCITS ETF (Dist)
ETF SPDR Bloomberg Euro Government Bond UCITS ETF (Acc)
ETF SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Acc)?
ETF SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (DIST)?
ETF SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF USD Base Ccy Euro Hedged (ACC)?
ETF SPDR JP Morgan Saudi Arabia Aggregate Bond UCITS ETF (Acc)
ETF SPDR JP Morgan Saudi Arabia Aggregate Bond UCITS ETF - Euro hedged (Acc)
ETF State Street Blackstone Euro AAA CLO UCITS ETF
ETF State Street Blackstone Senior Loan ETF
ETF SPDR® Morningstar MultiAsset Global Infrastructure UCITS ETF (Dist)
ETF SPDR® Morningstar MultiAsset Global Infrastructure UCITS ETF (Dist)
Morningstar® Global Multi-Asset Infrastructure Index™ are trademarks or service marks of Morningstar UK Limited or one of its affiliates, (hereafter “Morningstar”) and have been licensed for use for certain purposes by State Street Global Advisors. SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar make no representation or warranty, express or implied, to the owners of the SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF or any member of the public regarding the advisability of investing in securities generally or in the SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF in particular or the ability of the Morningstar® Global Multi-Asset Infrastructure Index™ to track general global infrastructure market performance.
MORNINGSTAR EXPRESSLY DISCLAIM ANY WARRANTY AROUND THE ACCURACY, COMPLETENESS AND/OR TIMELINESS OF THE MORNINGSTAR® GLOBAL MULTI-ASSET INFRASTRUCTURE INDEX™ OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are 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 has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.
This communication is directed at professional clients who are deemed both knowledgeable and experienced in matters relating to investments. The products and services to which this communication relates are only available to such persons, and persons of any other description (including retail clients) should not rely on this communication.
Please refer to the Fund’s latest Key Information Document (KID)/Key Investor Information Document (KIID) and Prospectus before making any final investment decision. The latest English version of the prospectus and the KID/KIID 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
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.
State Street Global Advisors Luxembourg SICAV (“Company”) 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 Luxembourg and authorized as a UCITS by the Luxembourg supervisory authority of the financial sector i.e. Commission de Surveillance du Secteur Financier. The Company may from time to time, with the prior approval of the CSSF, create different sub-funds representing separate portfolios of assets with each sub-fund comprised of one or more classes, including, where applicable, exchange traded share classes.
Morningstar® Global Multi-Asset Infrastructure Index™ are trademarks or service marks of Morningstar UK Limited or one of its affiliates, (hereafter “Morningstar”) and have been licensed for use for certain purposes by State Street Global Advisors. SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar make no representation or warranty, express or implied, to the owners of the SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF or any member of the public regarding the advisability of investing in securities generally or in the SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF in particular or the ability of the Morningstar® Global Multi-Asset Infrastructure Index™ to track general global infrastructure market performance.
MORNINGSTAR EXPRESSLY DISCLAIM ANY WARRANTY AROUND THE ACCURACY, COMPLETENESS AND/OR TIMELINESS OF THE MORNINGSTAR® GLOBAL MULTI-ASSET INFRASTRUCTURE INDEX™ OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.
State Street Blackstone Euro AAA CLO UCITS ETF (the "Fund"), a sub-fund of SSGA SPDR ETFs Europe II plc (a UCITS authorised Exchange Traded Fund). State Street Global Advisors Europe Limited is appointed as the UCITS Management Company of the Fund which is authorised in Ireland and supervised by the Central Bank of Ireland. Blackstone Liquid Credit Strategies LLC is appointed as Sub-Investment Manager of the Fund.
NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA ("EEA")
The fund is permitted to market into the relevant EEA jurisdiction [Please replace with ‘the UK’ if limited to UK audience] pursuant to either Article 42 of AIFMD (if and as implemented under national laws of such member state); or (ii) can otherwise be lawfully offered or sold (including on the basis of an unsolicited request from a professional client/qualified investor).
The Fund is an alternative investment fund for the purpose of the European Union Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (the “AIFMD”). It is not a regulated collective investment scheme for purposes of the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”). The promotion of the fund and the distribution of this material in the UK is restricted by law to Professional Investors Only. The information provided does not constitute tax advice, investors should consult their tax advisors with respect to their particular tax situations and the tax effects of an investment in the Fund.
The fund is an alternative investment fund for the purpose of the European Union Alternative Investment Fund Managers Directive (Directive 2011/61/EU) ("AIFMD"). SSGA Funds Management, Inc. or State Street Global Advisors Trust Company is the alternative investment fund manager ("AIFM") of the fund.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, visit ssga.com or talk to your financial advisor. Read it carefully before investing.
For Investors in the Netherlands:
This communication is directed at qualified investors within the meaning of Section 2:72 of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht) as amended. The products and services to which this communication relates are only available to such persons and persons of any other description should not rely on this communication. Distribution of this document does not trigger a license requirement for the Companies or SSGA in the Netherlands and consequently no prudential and conduct of business supervision will be exercised over the Companies or SSGA by the Dutch Central Bank (De Nederlandsche Bank N.V.) and the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten). The Companies have completed their notification to the Authority Financial Markets in the Netherlands in order to market their shares for sale to the public in the Netherlands and the Companies are, accordingly, investment institutions (beleggingsinstellingen) according to Section 2:72 Dutch Financial Markets Supervision Act of Investment Institutions.
Netherlands: State Street Global Advisors Netherlands, B Vital, De Entree 201, 1101 HG Amsterdam, Netherlands. T: +31 20 7181701. State Street Global Advisors Netherlands is a branch office of State Street Global Advisors Europe Limited, registered in Ireland with company number 49934, authorised and regulated by the Central Bank of Ireland, and whose registered office is at 78 Sir John Rogerson’s Quay, Dublin 2.
United Kingdom: In the UK, this document has been issued by State Street Global Advisors Limited (“SSGAL”). Authorized and regulated by the Financial Conduct Authority, Registered No.2509928. VAT No. 5776591 81. Registered office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone: 020 3395 6000. Facsimile: 020 3395 6350 Web: www.ssga.com.
© 2026 State Street Corporation - All Rights Reserved.
7365307.7.9.EMEA.INST
Exp. Date: 4/30/2027
