ULST: SPDR® SSGA Ultra Short Term Bond ETF

Benchmark	Inception Date	Options Available	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	Investment Manager	Management Team
Bloomberg Barclays US Treasury Bellwether 3 Month Index	Oct 09 2013	No	0.20%	USD	SSGA Funds Management, Inc.	Global Fixed Income, Cash and Currency

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Oct 10 2013	USD	ULST	78467V707	US78467V7073

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.
170	1.68%	1.29	$94.12	1.40%	1.68%	0.37 years

Number of Holdings	Average Coupon	Average Maturity in Years	Average Price	Average Yield To Worst	Current Yield	Option Adjusted Duration
1	0.00%	0.25	$99.96	0.15%	0.00%	0.25 years

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 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)
$40.06	$40.06	$40.08	$40.04	6,471	-0.02%

Net Cash Amount
$17,560,369.53

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Oct 09 2013
Fund Before Tax
NAV	May 31 2020	0.85%	2.50%	-0.20%	1.39%	1.88%	1.53%	-	1.26%
Market Value	May 31 2020	1.09%	2.76%	-0.28%	1.34%	1.85%	1.52%	-	1.25%
Bloomberg Barclays US Treasury Bellwether 3 Month Index	May 31 2020	0.00%	0.01%	0.59%	1.87%	1.81%	1.21%	0.65%	0.92%
Fund After Tax
Return after Taxes on Distributions	May 31 2020	0.79%	2.37%	-0.47%	0.43%	1.02%	0.88%	-	0.74%
Return after Taxes on Distributions and Sale of Fund Shares	May 31 2020	0.50%	1.48%	-0.12%	0.82%	1.07%	0.89%	-	0.73%
Bloomberg Barclays US Treasury Bellwether 3 Month Index	May 31 2020	0.00%	0.01%	0.59%	1.87%	1.81%	1.21%	0.65%	0.92%

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Oct 09 2013
Fund Before Tax
NAV	Mar 31 2020	-3.09%	-2.63%	-2.63%	-0.50%	1.12%	1.04%	-	0.90%
Market Value	Mar 31 2020	-3.35%	-2.96%	-2.96%	-0.81%	0.98%	0.99%	-	0.86%
Bloomberg Barclays US Treasury Bellwether 3 Month Index	Mar 31 2020	0.30%	0.58%	0.58%	2.28%	1.85%	1.21%	0.65%	0.94%
Fund After Tax
Return after Taxes on Distributions	Mar 31 2020	-3.16%	-2.77%	-2.77%	-1.51%	0.28%	0.42%	-	0.39%
Return after Taxes on Distributions and Sale of Fund Shares	Mar 31 2020	-1.83%	-1.55%	-1.55%	-0.29%	0.50%	0.53%	-	0.47%
Bloomberg Barclays US Treasury Bellwether 3 Month Index	Mar 31 2020	0.30%	0.58%	0.58%	2.28%	1.85%	1.21%	0.65%	0.94%

Name	Market Value	ISIN	Weight
SSI US GOV MONEY MARKET CLASS	17,237,922.42	-	5.79%
TREASURY NOTE 1.625 07/31/2020	10,697,323.69	US912828XM78	3.60%
FORD CREDIT AUTO LEASE TRUST FORDL_19-A 2.9 05/15/2022	6,151,757.71	US34532FAD42	2.07%
NISSAN MASTER OWNER TRUST RECEIVABLES NMOTR_17-C 0.50363 10/17/2022	5,794,311.36	US65474VAP67	1.95%
L3HARRIS TECHNOLOGIES INC 1.5225 03/10/2023	4,987,351.04	US502431AG48	1.68%
ALBEMARLE CORP 1.44238 11/15/2022	4,805,256.61	US012653AB77	1.62%
EVERGREEN CREDIT CARD TRUST EVGRN_19-1 0.66363 01/17/2023	4,507,971.68	US30023JAY47	1.52%
DEUTSCHE BANK AG 1.68663 08/20/2020	4,166,593.75	US25152R2V48	1.40%
VODAFONE GROUP PLC 2.16613 01/16/2024	3,978,993.37	US92857WBN92	1.34%
ROYAL BANK OF CANADA 0.4476 08/05/2022	3,952,204.18	US78015K7F50	1.33%

Name	ISIN	Weight
TREASURY BILL 0 09/03/2020	US912796XH73	100.00%

Sector	Weight
Industrial	32.12%
ABS	27.58%
Financial Institutions	26.31%
STIF Funds	5.79%
Treasuries	3.93%
Utility	2.51%
CMBS	1.87%
Local Authority	0.08%
Other	-0.20%

Sector	Weight
Treasuries	100.00%

Name	Weight
Aaa	33.19%
Aa	7.11%
A	26.49%
Baa	25.17%
Ba	2.46%
Other	5.59%

Name	Weight
Aaa	100.00%

Name	Weight
0 - 1 Year	49.98%
1 - 2 Years	23.38%
2 - 3 Years	21.15%
3 - 5 Years	5.26%
Other	0.23%

Name	Weight
0 - 1 Year	100.00%

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 SSGA Ultra Short Term Bond 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.

Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Option Adjusted Spread	117.28
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.	1.42%

Option Adjusted Spread	-0.71
Yield to Maturity	0.15%

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.	1.85%
Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.	2.25%

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$40.07
Shares Outstanding	7.42 M
Assets Under Management	$297.53 M

SPDR® SSGA Ultra Short Term Bond ETF ULST

Important Risk Disclosure

Key Features

About this Benchmark

Fund Information as of Jun 04 2020

Listing Information as of Jun 04 2020

Fund Characteristics as of Jun 04 2020

Index Characteristics as of Jun 04 2020

Yields as of Jun 04 2020

Fund Market Price as of Jun 04 2020

Premium Discount to Nav

Fund Net Cash Amount as of Jun 04 2020

Fund Net Asset Value as of Jun 04 2020

Fund Performance

Top Holdings
Subject to change.

Fund Top Holdings as of Jun 04 2020

Index Top Holdings as of Jun 04 2020

Sector Allocation

Fund Sector Breakdown as of Jun 04 2020

Index Sector Breakdown as of Jun 04 2020

Quality Breakdown

Fund Quality Breakdown as of Jun 04 2020

Index Quality Breakdown as of Jun 04 2020

Maturity Ladder

Fund Maturity Ladder as of Jun 04 2020

Index Maturity Ladder as of Jun 04 2020

Fund Documents

Tax Documents

Information & Schedules

Insights & Investment Ideas

Education

Purchase Information