SPDR® Bloomberg Emerging Markets Local Bond ETF EBND

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.

There may be differences between the Fund's Dividend Yield and other yield calculations due to the effect of foreign currency gains and losses and foreign taxes within the Fund.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; issuer credit risk; liquidity risk; and inflation risk. There are additional risks for funds that invest in mortgage-backed and asset-backed securities including the risk of issuer default; credit risk and inflation risk.

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.

NAV

NAV

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

$24.29

as of Dec 03 2021

Base Currency

USD

Assets Under Management

$1,209.88 M

as of Dec 03 2021

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.

0.30%


Key Features

Key Features

  • The SPDR® Bloomberg Emerging Markets Local Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg EM Local Currency Government Diversified Index (the "Index")
  • Seeks to provide exposure to fixed-rate local currency sovereign debt of emerging market countries
  • Index includes government bonds, in local currencies, issued by investment grade and non-investment grade countries outside the U.S. that have a remaining maturity of one year or more
  • Rebalanced on the last business day of the month

  • About this Benchmark

    About this Benchmark

    The Bloomberg EM Local Currency Government Diversified Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by investment grade and non-investment grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's Financial Services, LLC and Fitch Inc., respectively.


    Fund Information as of Dec 06 2021

    Fund Information as of Dec 06 2021
    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 Administrator Sub-advisor
    Bloomberg EM Local Currency Government Diversified Index Feb 23 2011 Yes 0.30% USD State Street Global Advisors Funds Management Inc. State Street Global Advisors Limited
    Benchmark Bloomberg EM Local Currency Government Diversified Index
    Inception Date Feb 23 2011
    Options Available Yes
    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.

    0.30%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Sub-advisor State Street Global Advisors Limited
    Investment Manager Distributor Distribution Frequency
    SSGA Funds Management, Inc. State Street Global Advisors Funds Distributors, LLC Monthly
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Dec 06 2021

    Listing Information as of Dec 06 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Feb 24 2011 USD EBND 78464A391 US78464A3914
    Exchange NYSE ARCA EXCHANGE
    Listing Date Feb 24 2011
    Trading Currency USD
    Ticker EBND
    CUSIP 78464A391
    ISIN US78464A3914

    Fund Characteristics as of Dec 03 2021

    Fund Characteristics as of Dec 03 2021
    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.

    484 4.42% 8.79 $98.39 4.99% 4.50% 6.41 years
    Number of Holdings 484
    Average Coupon

    Average Coupon

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

    4.42%
    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.

    8.79
    Average Price $98.39
    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.

    4.99%
    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.

    4.50%
    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.

    6.41 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.

    43.76 4.99%
    Option Adjusted Spread 43.76
    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.

    4.99%

    Index Characteristics as of Dec 03 2021

    Index Characteristics as of Dec 03 2021
    Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
    610 4.62% 8.85 $100.01 4.99% 4.65% 6.41 years
    Number of Holdings 610
    Average Coupon 4.62%
    Average Maturity in Years 8.85
    Average Price $100.01
    Average Yield To Worst 4.99%
    Current Yield 4.65%
    Option Adjusted Duration 6.41 years
    Option Adjusted Spread Yield to Maturity
    47.30 4.99%
    Option Adjusted Spread 47.30
    Yield to Maturity 4.99%

    Yields as of Dec 03 2021

    Yields as of Dec 03 2021
    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.

    4.48% - 3.88%
    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.

    4.48%
    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.

    3.88%

    Fund Market Price as of Dec 03 2021

    Fund Market Price as of Dec 03 2021
    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.

    $24.28 $24.27 $24.29 $24.22 95,314 -0.04% 0.04%
    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.

    $24.28
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    $24.27
    Day High $24.29
    Day Low $24.22
    Exchange Volume (Shares)

    Exchange Volume (shares)

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

    95,314
    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)

    -0.04%
    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.

    0.04%
    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 2020 First Quarter of 2021 Second Quarter of 2021 Third Quarter of 2021
    Days Traded at Premium

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

    185 42 52 40
    Days Traded at Discount

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

    68 19 11 24
    Days Traded at Premium

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

    Calendar Year 2020 185
    First Quarter of 2021 42
    Second Quarter of 2021 52
    Third Quarter of 2021 40
    Days Traded at Discount

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

    Calendar Year 2020 68
    First Quarter of 2021 19
    Second Quarter of 2021 11
    Third Quarter of 2021 24
    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 Dec 03 2021

    Fund Net Cash Amount as of Dec 03 2021
    Net Cash Amount
    $15,738,938.85
    Net Cash Amount $15,738,938.85

    Fund Net Asset Value as of Dec 03 2021

    Fund Net Asset Value as of Dec 03 2021
    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
    $24.29 49.80 M $1,209.88 M
    NAV

    NAV

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

    $24.29
    Shares Outstanding 49.80 M
    Assets Under Management $1,209.88 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Feb 23 2011

    as of Oct 31 2021

    as of Sep 30 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2011
    Fund Before Tax
    NAV Oct 31 2021 -1.11% -1.11% -8.54% -1.72% 2.83% 1.23% 0.43% 0.84%
    Market Value Oct 31 2021 -1.24% -1.24% -8.87% -1.75% 2.78% 1.26% 0.38% 0.83%
    Bloomberg EM Local Currency Government Diversified Index Oct 31 2021 -1.12% -1.12% -8.14% -1.24% 3.47% 1.88% 1.20% 1.65%
    Fund After Tax
    Return after Taxes on Distributions Oct 31 2021 -1.23% -1.23% -9.52% -2.78% 2.17% 0.63% -0.15% 0.24%
    Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2021 -0.66% -0.66% -5.03% -0.91% 1.99% 0.77% 0.15% 0.45%
    Bloomberg EM Local Currency Government Diversified Index Oct 31 2021 -1.12% -1.12% -8.14% -1.24% 3.47% 1.88% 1.20% 1.65%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2011
    Fund Before Tax
    NAV Sep 30 2021 -3.50% -3.39% -7.51% -0.10% 2.96% 1.20% 1.11% 0.96%
    Market Value Sep 30 2021 -3.46% -3.43% -7.73% -0.35% 2.97% 1.24% 0.95% 0.96%
    Bloomberg EM Local Currency Government Diversified Index Sep 30 2021 -3.42% -3.24% -7.10% 0.42% 3.60% 1.87% 1.89% 1.77%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2021 -3.63% -3.75% -8.39% -1.07% 2.32% 0.63% 0.54% 0.36%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2021 -2.07% -2.00% -4.43% 0.05% 2.10% 0.75% 0.67% 0.54%
    Bloomberg EM Local Currency Government Diversified Index Sep 30 2021 -3.42% -3.24% -7.10% 0.42% 3.60% 1.87% 1.89% 1.77%

    Performance quoted represents past performance, which is no guarantee of future results. 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.  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.

    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: 0.30%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Dec 03 2021
    Index Top Holdingsas of Dec 03 2021

    Fund Top Holdings as of Dec 03 2021

    Name Market Value ISIN Weight
    LETRA TESOURO NACIONAL 0 01/01/2024 15,640,510.81 - 1.29%
    REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 10,135,492.73 ZAG000016320 0.84%
    KOREA TREASURY BOND 1.5 03/10/2050 9,236,059.93 KR103502GA34 0.76%
    POLAND GOVERNMENT BOND 2.5 04/25/2024 8,979,260.93 PL0000111191 0.74%
    POLAND GOVERNMENT BOND 0.25 10/25/2026 8,605,310.99 PL0000113460 0.71%
    REPUBLIC OF SOUTH AFRICA 8 01/31/2030 8,275,147.74 ZAG000106998 0.68%
    KOREA TREASURY BOND 1.375 06/10/2030 8,193,613.41 KR103502GA67 0.68%
    MEX BONOS DESARR FIX RT 8.5 05/31/2029 7,846,078.64 MX0MGO0000H9 0.65%
    LETRA TESOURO NACIONAL 0 01/01/2023 7,589,523.07 - 0.63%
    LETRA TESOURO NACIONAL 0 07/01/2023 7,214,903.65 BRSTNCLTN7Q5 0.60%

    Index Top Holdings as of Dec 03 2021

    Name ISIN Weight
    LETRA TESOURO NACIONAL 0 01/01/2024 BRSTNCLTN7S1 1.09%
    REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 ZAG000016320 0.88%
    LETRA TESOURO NACIONAL 0 07/01/2023 BRSTNCLTN7Q5 0.78%
    LETRA TESOURO NACIONAL 0 01/01/2023 BRSTNCLTN7D3 0.63%
    REPUBLIC OF SOUTH AFRICA 8 01/31/2030 ZAG000106998 0.62%
    NOTA DO TESOURO NACIONAL 10 01/01/2023 BRSTNCNTF147 0.62%
    REPUBLIC OF SOUTH AFRICA 8.75 02/28/2048 ZAG000096173 0.60%
    KOREA TREASURY BOND 1.875 03/10/2051 KR103502GB33 0.59%
    KOREA TREASURY BOND 1.5 03/10/2050 KR103502GA34 0.58%
    MEX BONOS DESARR FIX RT 5.75 03/05/2026 MX0MGO0000Y4 0.58%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Dec 03 2021
    Index Sector Breakdownas of Dec 03 2021

    Fund Sector Breakdown as of Dec 03 2021

    Sector Weight
    Treasury 98.37%
    Agency 1.06%
    Cash 0.50%
    Non Corporates 0.07%

    Index Sector Breakdown as of Dec 03 2021

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Dec 03 2021
    Index Quality Breakdownas of Dec 03 2021

    Fund Quality Breakdown as of Dec 03 2021

    Name Weight
    Aaa 0.57%
    Aa 17.16%
    A 30.48%
    Baa 39.47%
    Below BAA 12.09%
    Not Rated 0.22%

    Index Quality Breakdown as of Dec 03 2021

    Name Weight
    Aa 17.22%
    A 30.51%
    Baa 40.08%
    Below BAA 12.18%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Dec 03 2021
    Index Maturity Ladderas of Dec 03 2021

    Fund Maturity Ladder as of Dec 03 2021

    Name Weight
    0 - 1 Year 0.84%
    1 - 2 Years 11.95%
    2 - 3 Years 11.11%
    3 - 5 Years 18.80%
    5 - 7 Years 13.66%
    7 - 10 Years 16.22%
    10 - 15 Years 9.63%
    15 - 20 Years 6.89%
    20 - 30 Years 9.72%
    > 30 Years 1.19%

    Index Maturity Ladder as of Dec 03 2021

    Name Weight
    1 - 2 Years 13.06%
    2 - 3 Years 11.00%
    3 - 5 Years 18.60%
    5 - 7 Years 13.43%
    7 - 10 Years 16.38%
    10 - 15 Years 10.11%
    15 - 20 Years 5.92%
    20 - 30 Years 9.85%
    > 30 Years 1.66%

    Geographical Breakdown

    Geographical Breakdown

    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 Emerging Markets Local 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.

    Prior to 10/31/2021, the SPDR Bloomberg Emerging Markets Local Bond ETF was known as the SPDR Bloomberg Barclays Emerging Markets Local Bond ETF.

    Prior to 8/24/2021, the Bloomberg EM Local Currency Government Diversified Index was known as the Bloomberg Barclays EM Local Currency Government Diversified Index.

    "Bloomberg®" and Bloomberg EM Local Currency Government Diversified 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 Emerging Markets Local Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg Emerging Markets Local Bond ETF.