SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF RBND

Important Risk Disclosure

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares 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.

ESG considerations may cause a fund to make different investment decisions than funds that do not incorporate such considerations in their strategy or investment processes. This could cause the Fund's investment performance to be worse than funds that do not incorporate such considerations. ESG considerations also may affect a fund’s exposure to certain sectors and/or types of investments, and may adversely impact the Fund's performance depending on whether such sectors or investments are in or out of favor in the market.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, 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.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Passively managed funds hold 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.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

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.

Intellectual Property Information: 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.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$21.53

as of Aug 15 2022

Base Currency

USD

Assets Under Management

$23.69 M

as of Aug 15 2022

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.12%


Key Features

Key Features

  • Seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the Bloomberg SASB® US Corporate ESG Ex-Controversies Select Index
  • Seeks to track an index that is designed to exclude securities involved in and/or which derive significant revenue from certain controversial business practices, industries or product lines and utilizes ESG scores to help weight the bonds, while also minimizing active total risk versus the Bloomberg US Corporate Index
  • May be used as an ESG core building block given that it seeks to track an index that is designed to exclude controversies and maximize the R-FactorTM ESG score upon which the benchmark index relies, which is based on the Sustainability Accounting Standards Board ("SASB") materiality framework, while also controlling for risk parameters

  • About this Benchmark

    About this Benchmark

    The Bloomberg SASB US Corporate ESG Ex-Controversies Select Index (the "Index") is designed to measure the performance of investment grade corporate bonds issued by companies that exhibit certain environmental, social and governance ("ESG") characteristics, while also minimizing active total risk versus the Bloomberg US Corporate Index (the "Parent Index"). The Parent Index represents publicly issued, investment grade, fixed-rate, taxable, U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions that have a remaining maturity of greater than or equal to 1 year and have $300 million or more of par amount outstanding.

    The R-FactorTM score measures the performance of a company's business operations and governance as related to financially material ESG challenges facing the issuer's industry. The R-FactorTM scoring process comprises two underlying components, an ESG component and a corporate governance component. The ESG component is based on the framework published by the Sustainability Accounting Standards Board, which attempts to identify ESG issues that are financially material to an issuer based on its industry classification. The Index utilizes an optimizer that deploys a quantitative process to select constituents and their weights to maximize the Index's overall R-FactorTM score while minimizing active total risk versus the Parent Index.


    Fund Information as of Aug 16 2022

    Fund Information as of Aug 16 2022
    Benchmark Inception Date Options Available Marginable Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    Base Currency Administrator
    Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Nov 09 2020 No No 0.12% USD State Street Global Advisors Funds Management Inc.
    Benchmark Bloomberg SASB US Corporate ESG Ex-Controversies Select Index
    Inception Date Nov 09 2020
    Options Available No
    Marginable No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.12%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager Management Team Distributor Distribution Frequency
    SSGA Funds Management, Inc. Fixed Income, Currency & Cash Investments Team State Street Global Advisors Funds Distributors, LLC Monthly
    Investment Manager SSGA Funds Management, Inc.
    Management Team Fixed Income, Currency & Cash Investments Team
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Aug 16 2022

    Listing Information as of Aug 16 2022
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Nov 10 2020 USD RBND 78468R614 US78468R6146
    Exchange NYSE ARCA EXCHANGE
    Listing Date Nov 10 2020
    Trading Currency USD
    Ticker RBND
    CUSIP 78468R614
    ISIN US78468R6146

    Fund Characteristics as of Aug 15 2022

    Fund Characteristics as of Aug 15 2022
    Number of Holdings Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    Average Price Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

    453 3.74% 11.42 $95.61 4.28% 3.78% 7.73 years
    Number of Holdings 453
    Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    3.74%
    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    11.42
    Average Price $95.61
    Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    4.28%
    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    3.78%
    Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

    7.73 years
    Option Adjusted Spread Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    121.05 4.28%
    Option Adjusted Spread 121.05
    Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    4.28%

    Index Characteristics as of Aug 15 2022

    Index Characteristics as of Aug 15 2022
    Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
    3,438 3.93% 11.71 $97.65 4.35% 3.94% 7.75 years
    Number of Holdings 3,438
    Average Coupon 3.93%
    Average Maturity in Years 11.71
    Average Price $97.65
    Average Yield To Worst 4.35%
    Current Yield 3.94%
    Option Adjusted Duration 7.75 years
    Option Adjusted Spread Yield to Maturity
    125.84 4.35%
    Option Adjusted Spread 125.84
    Yield to Maturity 4.35%

    Yields as of Aug 12 2022

    Yields as of Aug 12 2022
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    Fund Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    4.18% - 2.40%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    4.18%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    -
    Fund Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    2.40%

    Fund Market Price as of Aug 15 2022

    Fund Market Price as of Aug 15 2022
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    $21.60 $21.60 $21.65 $21.60 51 0.33% 0.14%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    $21.60
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    $21.60
    Day High $21.65
    Day Low $21.60
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    51
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    0.33%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    0.14%
    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)
    Number of Days Summary
    Calendar Year 2021 First Quarter of 2022 Second Quarter of 2022
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.

    209 32 29
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.

    43 30 33
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.

    Calendar Year 2021 209
    First Quarter of 2022 32
    Second Quarter of 2022 29
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.

    Calendar Year 2021 43
    First Quarter of 2022 30
    Second Quarter of 2022 33
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


    Fund Net Cash Amount as of Aug 15 2022

    Fund Net Cash Amount as of Aug 15 2022
    Net Cash Amount
    $501,126.33
    Net Cash Amount $501,126.33

    Fund Net Asset Value as of Aug 15 2022

    Fund Net Asset Value as of Aug 15 2022
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    Shares Outstanding Assets Under Management
    $21.53 1.10 M $23.69 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $21.53
    Shares Outstanding 1.10 M
    Assets Under Management $23.69 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Nov 09 2020

    as of Jul 31 2022

    as of Jun 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 09 2020
    Fund Before Tax
    NAV Jul 31 2022 3.14% 3.14% -11.29% -12.40% - - - -6.26%
    Market Value Jul 31 2022 3.43% 3.43% -10.84% -12.11% - - - -6.03%
    Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Jul 31 2022 3.16% 3.16% -11.54% -12.48% - - - -6.21%
    Fund After Tax
    Return after Taxes on Distributions Jul 31 2022 3.05% 3.05% -11.71% -13.18% - - - -7.01%
    Return after Taxes on Distributions and Sale of Fund Shares Jul 31 2022 1.86% 1.86% -6.68% -7.31% - - - -5.02%
    Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Jul 31 2022 3.16% 3.16% -11.54% -12.48% - - - -6.21%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 09 2020
    Fund Before Tax
    NAV Jun 30 2022 -2.73% -7.21% -13.99% -13.93% - - - -8.32%
    Market Value Jun 30 2022 -2.85% -7.09% -13.80% -13.89% - - - -8.24%
    Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Jun 30 2022 -2.76% -7.22% -14.24% -14.01% - - - -8.28%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2022 -2.81% -7.43% -14.32% -14.68% - - - -9.04%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2022 -1.61% -4.26% -8.27% -8.19% - - - -6.55%
    Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Jun 30 2022 -2.76% -7.22% -14.24% -14.01% - - - -8.28%

    Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    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.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.12%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Aug 15 2022
    Index Top Holdingsas of Aug 15 2022

    Fund Top Holdings as of Aug 15 2022

    Name Market Value ISIN Weight
    CISCO SYSTEMS INC 5.9 02/15/2039 264,190.50 US17275RAD44 1.12%
    DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 256,886.67 US25156PAC77 1.08%
    LLOYDS BANKING GROUP PLC 2.438 02/05/2026 237,216.81 US539439AV19 1.00%
    BOSTON PROPERTIES LP 3.8 02/01/2024 224,666.50 US10112RAW43 0.95%
    NOVARTIS CAPITAL CORP 1.75 02/14/2025 193,269.72 US66989HAP38 0.82%
    APPLE INC 4.65 02/23/2046 190,100.17 US037833BX70 0.80%
    VODAFONE GROUP PLC 5 05/30/2038 175,695.92 US92857WBL37 0.74%
    ANHEUSER-BUSCH INBEV WOR 8.2 01/15/2039 170,742.92 US03523TBF49 0.72%
    BANK OF MONTREAL 1.85 05/01/2025 167,477.53 US06367WB850 0.71%
    NOVARTIS CAPITAL CORP 2 02/14/2027 165,704.97 US66989HAQ11 0.70%
    Download All Holdings: Daily

    Index Top Holdings as of Aug 15 2022

    Name ISIN Weight
    DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 US25156PAC77 0.88%
    BRITISH TELECOMMUNICATIO 9.625 12/15/2030 US111021AE12 0.73%
    CISCO SYSTEMS INC 5.9 02/15/2039 US17275RAD44 0.57%
    CISCO SYSTEMS INC 5.5 01/15/2040 US17275RAF91 0.55%
    NOVARTIS CAPITAL CORP 3.4 05/06/2024 US66989HAG39 0.53%
    TELEFONICA EMISIONES SAU 5.213 03/08/2047 US87938WAU71 0.47%
    VODAFONE GROUP PLC 6.15 02/27/2037 US92857WAQ33 0.47%
    NOVARTIS CAPITAL CORP 3 11/20/2025 US66989HAJ77 0.43%
    APPLE INC 3 02/09/2024 US037833CG39 0.42%
    AXA SA 8.6 12/15/2030 US054536AA57 0.39%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Aug 15 2022
    Index Sector Breakdownas of Aug 15 2022

    Fund Sector Breakdown as of Aug 15 2022

    Sector Weight
    CORPORATE - INDUSTRIAL 60.56%
    Corporate - Finance 32.36%
    Corporate - Utility 5.85%
    Cash 1.23%

    Index Sector Breakdown as of Aug 15 2022

    Sector Weight
    CORPORATE - INDUSTRIAL 60.68%
    Corporate - Finance 32.95%
    Corporate - Utility 6.37%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Aug 15 2022
    Index Quality Breakdownas of Aug 15 2022

    Fund Quality Breakdown as of Aug 15 2022

    Name Weight
    Aaa 3.04%
    Aa 7.60%
    A 44.40%
    Baa 44.96%

    Index Quality Breakdown as of Aug 15 2022

    Name Weight
    Aaa 1.73%
    Aa 7.66%
    A 43.90%
    Baa 46.71%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Aug 15 2022
    Index Maturity Ladderas of Aug 15 2022

    Fund Maturity Ladder as of Aug 15 2022

    Name Weight
    0 - 1 Year 2.42%
    1 - 2 Years 9.29%
    2 - 3 Years 9.19%
    3 - 5 Years 15.73%
    5 - 7 Years 10.01%
    7 - 10 Years 16.31%
    10 - 15 Years 2.44%
    15 - 20 Years 13.99%
    20 - 30 Years 17.27%
    > 30 Years 3.35%

    Index Maturity Ladder as of Aug 15 2022

    Name Weight
    1 - 2 Years 9.32%
    2 - 3 Years 9.52%
    3 - 5 Years 17.79%
    5 - 7 Years 9.64%
    7 - 10 Years 15.41%
    10 - 15 Years 5.32%
    15 - 20 Years 9.41%
    20 - 30 Years 20.23%
    > 30 Years 3.37%

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.


    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares 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.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    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.

    Unless otherwise noted all information contained herein is that of the SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    "Bloomberg®" and Bloomberg SASB US Corporate ESG Ex-Controversies Select Index 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 Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF.

    SASB does not take any position as to whether an issuer should be included or excluded from the Bloomberg SASB US Corporate ESG Ex-Controversies Select Index.