Seek High-Quality Credit with MBS as Rate Volatility Peaks

¹ US Bureau of Labor Statistics, as of February 14, 2023. 
² FactSet, as of February 16, 2023.
³ Bloomberg Finance L.P., as of February 16, 2023.
⁴ FactSet, as of February 16, 2023. MBS is represented by the Bloomberg US MBS Index. IG Corporate bonds are represented by the Bloomberg US Investment Grade Corporate Bond Index.
⁵ The Federal Reserve Bank of New York, as of January 31, 2023.
⁶ Bloomberg Finance L.P., as of February 16, 2023. SPMB net expense ratio is 0.04%. Gross expense ratio is 0.05%. SSGA Funds Management, Inc. (the “Adviser”) has contractually agreed to waive a portion of its management fee and/or reimburse expenses in an amount equal to any acquired fund fees and expenses (excluding holdings in acquired funds for cash management purposes, if any) until October 31, 2023. This waiver and/or reimbursement does not provide for the recoupment by the Adviser of any amounts waived or reimbursed. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after October 31, 2023. This waiver and/or reimbursement may not be terminated prior to October 31, 2023 except with the approval of the Fund’s Board of Trustees.
⁷ Bloomberg Finance L.P., as of February 16, 2023.

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