Seek income potential sector focus with State Street® Sector Premium Income ETFs.

Covered Call Strategy
An options trade where you own shares of a stock and sell call options on those same shares to earn cash.

Delta
A measure of how sensitive an option’s value is to price changes in the underlying assets.

Dividend Yield
Also known as distribution yield or trailing 12-month yield. The sum of the distributions within the past 12 months divided by the current net asset value per share, expressed as a percentage.

Gross Expense Ratio
The gross expense ratio is the fund’s total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements, and can typically be found in the fund’s most recent prospectus.

Option Premiums
The total cost to buy an options contract, consisting of intrinsic value and extrinsic time/volatility value. It is paid upfront by the buyer to the seller.

Sector Investing
Investing assets into one or more sector of the economy. The Global Industry Classification Standard (GICS) consists of 11 sectors: Communication Services, Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Information Technology, Materials, Real Estate, and Utilities.

Volatility
The tendency of a market index or security to jump around in price. Volatility is typically expressed as the annualized standard deviation of returns. In modern portfolio theory, securities with higher volatility are generally seen as riskier due to higher potential losses.

Yield
The income produced by an investment, typically calculated as the interest received annually divided by the price of the investment.

State Street Sector Premium Income ETFs are comprised of State Street Select Sector SPDR Premium Income ETFs.

Important risk information
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.

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.

Diversification does not ensure a profit or guarantee against 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.

Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.

Actively managed funds do not seek to replicate the performance of a specified index. An actively managed fund may underperform its benchmark. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the 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 the investment.

The Fund’s use of call options involves speculation and can lead to losses because of adverse movements in the price or value of the underlying stock, index, or other asset, which may be magnified by certain features of the options. If the Fund were to write (sell) a call option on an index or security based on the expectation that the price of an index or security would fall, but the price were to rise instead, the Fund could be required to sell the underlying asset upon exercise at a price below the current market price. When selling a call option, the Fund will receive a premium; however, this premium may not be enough to offset a loss incurred by the Fund if the price of the underlying asset is above the strike price by an amount equal to or greater than the premium. The Fund utilizes FLEX Options guaranteed for settlement by the Options Clearing Corporation (“OCC”). Although unlikely, it is possible the OCC is unable to meet its settlement obligations, which could result in substantial loss for the Fund. FLEX Options may be less liquid than more traditional exchange traded option contracts.

This communication is not intended to promote or recommend the use of options or options trading strategies and should not be relied upon as such.

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.

The State Street Sector Premium Income ETFs are actively managed and may not seek to track the performance of an unmanaged index. The ETF may engage in active trading of its portfolio securities to achieve its principal investment strategies. Active trading can increase a fund’s transaction costs and may cause the fund to realize taxable gains, which could reduce the returns of those fund shareholders investing through a taxable account. Actively managed ETFs may have higher expense ratios than index based ETFs or mutual funds. The trading prices of an ETF’s shares will fluctuate continuously throughout trading hours based on market supply and demand rather than the Fund’s net asset value, which is calculated at the end of each business day. The Shares will trade on the Exchange at prices that may be above (i.e., at a premium) or below (i.e., at a discount), to varying degrees, the daily net asset value of the Shares. The trading prices of a Fund’s Shares may deviate significantly from its net asset value during periods of market volatility. Given, however, that Shares can be issued and redeemed daily in Creation Units, the Advisor believes that large discounts and premiums to net asset value should not be sustained for very long. Information on the ETF’s premiums or discount for various time periods is available by visiting statestreet.com/im.

The performance data quoted represents past performance. Past performance does not guarantee future results.

9143429.2.1.AM.RTL
Exp. Date: 09/30/2027