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SPDR® Portfolio TIPS ETF SPIP

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.

Increase in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.

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.

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.

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.

Morningstar Fund Comparison

NAV

$26.48

as of Dec 08 2022

Base Currency

USD

Assets Under Management

$2,309.14 M

as of Dec 08 2022

Gross Expense Ratio

0.12%

Quick Links

Key Features

The SPDR^® Portfolio TIPS ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond Index (the "Index")

One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes

A low cost ETF that seeks to offer exposure to U.S. Treasury inflation protected securities (TIPS). TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors

Seeks to hedge against the erosion of purchasing power due to inflation

About this Benchmark

The Bloomberg U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. The notional coupon of a bond must be fixed or zero. Bonds must settle on or before the index rebalancing date.

Fund Information as of Dec 09 2022

Benchmark	Bloomberg U.S. Government Inflation-Linked Bond Index
Inception Date	May 25 2007
Options Available	No
Gross Expense Ratio	0.12%
Base Currency	USD
Administrator	State Street Global Advisors Funds Management Inc.
Investment Manager	SSGA Funds Management, Inc.
Management Team	Global Fixed Income, Cash and Currency
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Listing Information as of Dec 09 2022

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	May 30 2007	USD	SPIP	78464A656	US78464A6560

Fund Characteristics as of Dec 08 2022

Number of Holdings	55
Average Coupon	0.82%
Average Maturity in Years	7.92
Average Price	$96.56
Average Yield To Worst	4.15%
Option Adjusted Duration	7.28 years
Option Adjusted Spread	24.36
Yield to Maturity	4.15%

Index Characteristics as of Dec 08 2022

Number of Holdings	47
Average Coupon	0.80%
Average Maturity in Years	7.87
Average Price	$96.60
Average Yield To Worst	4.15%
Option Adjusted Duration	7.25 years
Option Adjusted Spread	24.42
Yield to Maturity	4.15%

Yields as of Dec 08 2022

30 Day SEC Yield	1.55%
30 Day SEC Yield (Unsubsidized)	-
Fund Distribution Yield	7.34%

Fund Market Price as of Dec 08 2022

Bid/Ask	$26.48
Closing Price	$26.47
Day High	$26.50
Day Low	$26.43
Exchange Volume (Shares)	41,342
Premium/Discount	-0.02%
30-Day Median Bid/Ask Spread	0.04%

Premium Discount to NAV Graph and Summary

Number of Days Summary

	Calendar Year 2021	First Quarter of 2022	Second Quarter of 2022	Third Quarter of 2022
Days Traded at Premium	175	24	24	20
Days Traded at Discount	77	38	38	44

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.

Fund Net Cash Amount as of Dec 08 2022

Net Cash Amount

$8,190,956.24

Fund Net Asset Value as of Dec 08 2022

NAV	$26.48
Shares Outstanding	87.20 M
Assets Under Management	$2,309.14 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: May 25 2007

as of Nov 30 2022

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception May 25 2007
Fund Before Tax
NAV	Nov 30 2022	1.90%	3.18%	-11.66%	-11.44%	1.48%	2.37%	1.01%	3.52%
Market Value	Nov 30 2022	1.93%	3.34%	-11.61%	-11.40%	1.50%	2.38%	1.02%	3.52%
Bloomberg U.S. Government Inflation-Linked Bond Index	Nov 30 2022	1.92%	3.20%	-11.68%	-11.40%	1.56%	2.48%	1.14%	3.66%
Fund After Tax
Return after Taxes on Distributions	Nov 30 2022	1.90%	3.18%	-13.80%	-13.85%	-0.30%	0.77%	-0.08%	2.36%
Return after Taxes on Distributions and Sale of Fund Shares	Nov 30 2022	1.12%	1.88%	-6.84%	-6.69%	0.45%	1.17%	0.31%	2.29%
Bloomberg U.S. Government Inflation-Linked Bond Index	Nov 30 2022	1.92%	3.20%	-11.68%	-11.40%	1.56%	2.48%	1.14%	3.66%

as of Sep 30 2022

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception May 25 2007
Fund Before Tax
NAV	Sep 30 2022	-6.81%	-5.23%	-14.38%	-12.30%	0.55%	1.80%	0.83%	3.35%
Market Value	Sep 30 2022	-6.89%	-5.30%	-14.46%	-12.40%	0.46%	1.79%	0.82%	3.34%
Bloomberg U.S. Government Inflation-Linked Bond Index	Sep 30 2022	-6.87%	-5.26%	-14.42%	-12.26%	0.64%	1.92%	0.97%	3.49%
Fund After Tax
Return after Taxes on Distributions	Sep 30 2022	-7.30%	-6.30%	-16.46%	-14.84%	-1.23%	0.19%	-0.26%	2.18%
Return after Taxes on Distributions and Sale of Fund Shares	Sep 30 2022	-4.02%	-3.06%	-8.41%	-7.13%	-0.22%	0.75%	0.19%	2.15%
Bloomberg U.S. Government Inflation-Linked Bond Index	Sep 30 2022	-6.87%	-5.26%	-14.42%	-12.26%	0.64%	1.92%	0.97%	3.49%

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

as of Dec 08 2022

Fund Top Holdings as of Dec 08 2022

Name	Market Value	ISIN	Weight
TSY INFL IX N/B 0.625 01/15/2026	77,526,060.50	US912828N712	3.36%
TSY INFL IX N/B 0.375 07/15/2025	73,579,245.58	US912828XL95	3.19%
TSY INFL IX N/B 0.125 07/15/2024	69,758,361.02	US912828WU04	3.02%
TSY INFL IX N/B 2.375 01/15/2025	68,729,155.74	US912810FR42	2.98%
TSY INFL IX N/B 0.125 07/15/2030	68,333,348.86	US912828ZZ63	2.96%
TSY INFL IX N/B 0.25 01/15/2025	67,806,579.35	US912828H458	2.94%
TSY INFL IX N/B 0.125 01/15/2032	67,018,164.60	US91282CDX65	2.90%
TSY INFL IX N/B 0.125 07/15/2031	66,743,546.11	US91282CCM10	2.89%
TSY INFL IX N/B 0.625 01/15/2024	64,656,393.36	US912828B253	2.80%
TSY INFL IX N/B 0.625 07/15/2032	63,691,804.25	US91282CEZ05	2.76%

Download All Holdings: Daily Centralized Systematic Valuation Aggregated Cash Flow (ACF) File »

Index Top Holdings as of Dec 08 2022

Name	ISIN	Weight
TSY INFL IX N/B .625 01/15/2026	US912828N712	3.10%
TSY INFL IX N/B .625 01/15/2024	US912828B253	3.09%
TSY INFL IX N/B .125 07/15/2024	US912828WU04	3.00%
TSY INFL IX N/B .375 07/15/2025	US912828XL95	3.00%
TSY INFL IX N/B .25 01/15/2025	US912828H458	2.99%
TSY INFL IX N/B .125 01/15/2032	US91282CDX65	2.99%
TSY INFL IX N/B .125 07/15/2031	US91282CCM10	2.85%
TSY INFL IX N/B .625 07/15/2032	US91282CEZ05	2.85%
TSY INFL IX N/B .125 07/15/2030	US912828ZZ63	2.76%
TSY INFL IX N/B .375 01/15/2027	US912828V491	2.73%

Sector Allocation

as of Dec 08 2022

Fund Sector Breakdown as of Dec 08 2022

Sector	Weight
Treasury	99.88%
Cash	0.12%

Index Sector Breakdown as of Dec 08 2022

Sector	Weight
Treasury	100.00%

Quality Breakdown

as of Dec 08 2022

Fund Quality Breakdown as of Dec 08 2022

Name	Weight
AAA	100.00%

Index Quality Breakdown as of Dec 08 2022

Name	Weight
AAA	100.00%

Maturity Ladder

as of Dec 08 2022

Fund Maturity Ladder as of Dec 08 2022

Name	Weight
0 - 1 Year	0.12%
1 - 2 Years	10.31%
2 - 3 Years	13.35%
3 - 5 Years	22.91%
5 - 7 Years	17.49%
7 - 10 Years	17.57%
15 - 20 Years	5.41%
20 - 30 Years	12.83%

Index Maturity Ladder as of Dec 08 2022

Name	Weight
1 - 2 Years	10.69%
2 - 3 Years	13.33%
3 - 5 Years	23.02%
5 - 7 Years	17.51%
7 - 10 Years	17.41%
15 - 20 Years	5.35%
20 - 30 Years	12.70%

Document

Fund Documents

Tax Documents

Information & Schedules

SPDR® ETF Listing pdf

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.

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 Portfolio TIPS 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 U.S. Government Inflation-Linked Bond 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 Portfolio TIPS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Portfolio TIPS ETF.

Prior to 09/23/2019, the SPDR^® Portfolio TIPS ETF was known as the SPDR^® Bloomberg Barclays TIPS ETF.

Prior to 09/23/2019, the ticker for SPIP was IPE.

Prior to 8/24/2021, the Bloomberg U.S. Government Inflation-Linked Bond Index was known as the Bloomberg Barclays U.S. Government Inflation-Linked Bond Index.

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Content on this site is approved for Investment Professional use only.

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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.

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.

Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.

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Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.

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The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

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.

Not FDIC Insured * No Bank Guarantee * May Lose Value

2732006.7.1.AM.INST

Exp. 01.31.2023

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