Special Notice for Funds With Russian Exposure: If market quotations, official closing prices, and/or information furnished by approved pricing sources are not readily available or are deemed unreliable for a portfolio instrument, then that instrument will be valued at fair value as determined in good faith in accordance with SSGA’s fair value pricing procedures. Certain fund holdings have been fair valued at zero but may not yet be reflected as such in the fund holdings file.

SPDR® Bloomberg Emerging Markets Local Bond ETF EBND

Morningstar Fund Comparison

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.

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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

$20.34

as of Dec 01 2022

Base Currency

USD

Assets Under Management

$2,115.04 M

as of Dec 01 2022

Gross Expense Ratio

0.30%

Quick Links

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

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 04 2022

Benchmark	Bloomberg EM Local Currency Government Diversified Index
Inception Date	Feb 23 2011
Options Available	Yes
Gross Expense Ratio	0.30%
Base Currency	USD
Administrator	State Street Global Advisors Funds Management Inc.
Sub-advisor	State Street Global Advisors Limited
Investment Manager	SSGA Funds Management, Inc.
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Listing Information as of Dec 04 2022

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Feb 24 2011	USD	EBND	78464A391	US78464A3914

Fund Characteristics as of Dec 01 2022

Number of Holdings	494
Average Coupon	4.65%
Average Maturity in Years	8.53
Average Price	$92.86
Average Yield To Worst *	6.36%
Option Adjusted Duration	6.06 years
Option Adjusted Spread	25.82
Yield To Maturity *	6.36%

Index Characteristics as of Dec 01 2022

Number of Holdings	601
Average Coupon	4.69%
Average Maturity in Years	8.58
Average Price	$93.82
Average Yield To Worst	6.37%
Option Adjusted Duration	6.06 years
Option Adjusted Spread	26.57
Yield to Maturity	6.37%

Yields as of Dec 01 2022

30 Day SEC Yield	6.28%
30 Day SEC Yield (Unsubsidized)	-
Fund Distribution Yield	4.74%

Fund Market Price as of Dec 01 2022

Bid/Ask	$20.50
Closing Price	$20.51
Day High	$20.56
Day Low	$20.36
Exchange Volume (Shares)	174,211
Premium/Discount	0.80%
30-Day Median Bid/Ask Spread	0.05%

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	163	37	32	30
Days Traded at Discount	89	25	30	34

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 01 2022

Net Cash Amount

$21,718,662.31

Fund Net Asset Value as of Dec 01 2022

NAV	$20.34
Shares Outstanding	104.00 M
Assets Under Management	$2,115.04 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: Feb 23 2011

as of Oct 31 2022

	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 2022	-0.50%	-0.50%	-19.78%	-20.83%	-8.37%	-4.23%	-2.49%	-1.22%
Market Value	Oct 31 2022	-0.17%	-0.17%	-20.32%	-21.08%	-8.58%	-4.36%	-2.61%	-1.26%
Bloomberg EM Local Currency Government Diversified Index	Oct 31 2022	-0.50%	-0.50%	-20.55%	-21.56%	-8.32%	-3.89%	-1.92%	-0.58%
Fund After Tax
Return after Taxes on Distributions	Oct 31 2022	-0.69%	-0.69%	-20.87%	-22.09%	-9.16%	-5.02%	-3.13%	-1.89%
Return after Taxes on Distributions and Sale of Fund Shares	Oct 31 2022	-0.29%	-0.29%	-11.65%	-12.15%	-6.39%	-3.32%	-1.98%	-1.06%
Bloomberg EM Local Currency Government Diversified Index	Oct 31 2022	-0.50%	-0.50%	-20.55%	-21.56%	-8.32%	-3.89%	-1.92%	-0.58%

as of Sep 30 2022

	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 2022	-5.73%	-5.25%	-19.38%	-21.32%	-7.55%	-4.53%	-2.36%	-1.19%
Market Value	Sep 30 2022	-6.16%	-6.15%	-20.18%	-21.92%	-7.85%	-4.73%	-2.47%	-1.26%
Bloomberg EM Local Currency Government Diversified Index	Sep 30 2022	-5.64%	-5.22%	-20.14%	-22.05%	-7.49%	-4.18%	-1.76%	-0.54%
Fund After Tax
Return after Taxes on Distributions	Sep 30 2022	-5.90%	-5.78%	-20.32%	-22.51%	-8.28%	-5.32%	-2.99%	-1.84%
Return after Taxes on Distributions and Sale of Fund Shares	Sep 30 2022	-3.39%	-3.09%	-11.41%	-12.43%	-5.77%	-3.54%	-1.88%	-1.03%
Bloomberg EM Local Currency Government Diversified Index	Sep 30 2022	-5.64%	-5.22%	-20.14%	-22.05%	-7.49%	-4.18%	-1.76%	-0.54%

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: 0.30%

Top Holdings

as of Dec 01 2022

Fund Top Holdings as of Dec 01 2022

Name	Market Value	ISIN	Weight
LETRA TESOURO NACIONAL 0 01/01/2024	30,668,786.27	-	1.45%
NOTA DO TESOURO NACIONAL 10 01/01/2025	30,525,282.61	BRSTNCNTF170	1.44%
TURKEY GOVERNMENT BOND 16.9 09/02/2026	21,313,744.08	TRT020926T17	1.01%
LETRA TESOURO NACIONAL 0 01/01/2026	17,331,085.05	-	0.82%
BONOS DE TESORERIA 6.35 08/12/2028	17,258,283.32	PEP01000C5D1	0.82%
BONOS TESORERIA PESOS 5.8 06/01/2024	16,568,051.22	CL0002720275	0.78%
LETRA TESOURO NACIONAL 0 07/01/2024	16,140,317.93	-	0.76%
PHILIPPINE GOVERNMENT 3.75 08/12/2028	15,062,035.04	PHY6972HKH84	0.71%
MEX BONOS DESARR FIX RT 8 09/05/2024	14,360,553.92	MX0MGO000151	0.68%
PHILIPPINE GOVERNMENT 4.875 01/20/2032	13,829,493.91	PHY6972HLJ32	0.65%

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

Index Top Holdings as of Dec 01 2022

Name	ISIN	Weight
LETRA TESOURO NACIONAL 0 01/01/2024	BRSTNCLTN7S1	1.65%
LETRA TESOURO NACIONAL 0 01/01/2026	BRSTNCLTN7U7	0.81%
REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026	ZAG000016320	0.73%
NOTA DO TESOURO NACIONAL 10 01/01/2027	BRSTNCNTF1P8	0.71%
NOTA DO TESOURO NACIONAL 10 01/01/2025	BRSTNCNTF170	0.70%
BONOS TESORERIA PESOS 2.5 03/01/2025	CL0002599166	0.67%
LETRA TESOURO NACIONAL 0 07/01/2025	BRSTNCLTN7Z6	0.56%
REPUBLIC OF SOUTH AFRICA 8 01/31/2030	ZAG000106998	0.55%
KOREA TREASURY BOND 1.875 03/10/2051	KR103502GB33	0.54%
BONOS TESORERIA PESOS 5 03/01/2035	CL0002187822	0.53%

Sector Allocation

as of Dec 01 2022

Fund Sector Breakdown as of Dec 01 2022

Sector	Weight
Treasury	98.97%
Cash	0.59%
Agency	0.41%
Non Corporates	0.04%

Index Sector Breakdown as of Dec 01 2022

Sector	Weight
Treasury	100.00%

Quality Breakdown

as of Dec 01 2022

Fund Quality Breakdown as of Dec 01 2022

Name	Weight
A-	0.01%
AAA	0.63%
A1	16.65%
A2	7.97%
AA2	12.54%
A3	7.28%
AA3	4.31%
B2	3.36%
BA2	3.91%
BA3	6.85%
BAA1	7.67%
BAA2	21.06%
BAA3	7.76%
Not Rated	0.01%

Index Quality Breakdown as of Dec 01 2022

Name	Weight
A1	16.80%
A2	7.93%
AA2	12.56%
A3	7.28%
AA3	4.36%
B2	3.41%
BA2	3.95%
BA3	6.88%
BAA1	7.75%
BAA2	21.17%
BAA3	7.92%

Maturity Ladder

as of Dec 01 2022

Fund Maturity Ladder as of Dec 01 2022

Name	Weight
0 - 1 Year	1.00%
1 - 2 Years	12.74%
2 - 3 Years	10.61%
3 - 5 Years	20.16%
5 - 7 Years	12.49%
7 - 10 Years	17.44%
10 - 15 Years	9.33%
15 - 20 Years	6.10%
20 - 30 Years	8.99%
> 30 Years	1.15%

Index Maturity Ladder as of Dec 01 2022

Name	Weight
1 - 2 Years	13.31%
2 - 3 Years	11.64%
3 - 5 Years	20.06%
5 - 7 Years	11.97%
7 - 10 Years	17.38%
10 - 15 Years	9.40%
15 - 20 Years	5.63%
20 - 30 Years	9.06%
> 30 Years	1.55%

Geographical Breakdown

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Tax Documents

Information & Schedules

SPDR® ETF Listing pdf

Insights & Resources

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^® 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.

SSGA Funds Management has retained State Street Global Advisors Limited as the sub-advisor.

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.

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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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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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