SPDR® Loomis Sayles Opportunistic Bond ETF OBND

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.

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 of the investment.

The values of debt securities may increase or decrease as a result of the following: market fluctuations, changes in interest rates, actual or perceived inability or unwillingness of issuers, guarantors or liquidity providers to make scheduled principal or interest payments or illiquidity in debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates.

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.

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: The S&P 500^® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P^®, SPDR^®, S&P 500^®,US 500 and the 500 are 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 has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

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.

Overview Performance Holdings Documents Purchase Information

Morningstar Fund Comparison

NAV

NAV

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

$25.46

as of Nov 30 2023

Base Currency

USD

Assets Under Management

$36.92 M

as of Nov 30 2023

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.

0.55%

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Key Features

The SPDR® Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed multi-asset credit strategy that seeks to capture risk premiums in markets it believes offer strong risk-adjusted return potential over a full market cycle due to Loomis Sayles’ credit selection and risk management process
The fund may invest in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments, as well as allocate 100% of the portfolio into non-investment grade rated securities
The fund can also invest across the entire maturity curve with the duration of the portfolio (target duration between zero to seven years) managed based on the interest rate views of Loomis Sayles

About the Primary Benchmark

The Bloomberg U.S. Aggregate Bond Index (the “Index”) is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody’s Investors Service, Inc., Standard & Poor’s Financial Services, LLC, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Index is market capitalization weighted.

About the Secondary Benchmark

The SPDR Loomis Sayles Opportunistic Bond Composite Index is a composite benchmark comprising 50% investment grade corporate bonds, 25% high yield corporate bonds, and 25% senior loans. The investment grade corporate bond portion of the composite benchmark is represented by the Bloomberg US Corporate Bond Index, the high yield corporate bond portion is represented by the Bloomberg US High Yield 2% Issuer Capped Index, and the senior loan portion is represented by the Morningstar LSTA US Leveraged Loan Index.

Fund Information as of Dec 03 2023

Primary Benchmark	Bloomberg U.S. Aggregate Bond Index
Secondary Benchmark	SPDR Loomis Sayles Opportunistic Bond Composite Index
Inception Date	Sep 27 2021
Options Available	No
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.	0.55%
Base Currency	USD
Administrator	State Street Global Advisors Funds Management Inc.
Sub-advisor	Loomis, Sayles & Company, L.P.
Investment Manager	SSGA Funds Management, Inc.
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Listing Information as of Dec 03 2023

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
Cboe BZX Exchange, Inc	Sep 28 2021	USD	OBND	78470P804	US78470P8041

Fund Characteristics as of Nov 30 2023

Number of Holdings	460
Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio.	6.14%
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.	4.40
Average Price	$94.29
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.	7.11%
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.	5.43 years
Option Adjusted Spread	158.47
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.	7.10%

Index Characteristics as of Nov 30 2023

Number of Holdings	13,378
Average Coupon	3.13%
Average Maturity in Years	8.40
Average Price	$89.61
Average Yield To Worst	5.06%
Option Adjusted Duration	6.13 years
Option Adjusted Spread	45.31
Yield to Maturity	5.06%

Yields as of Nov 30 2023

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.	6.68%
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.	5.90%

Fund Market Price as of Nov 30 2023

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.	$25.54
Closing Price Closing Price Market Price of last reported trade on the exchange.	$25.52
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.	0
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)	0.30%
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.	0.16%

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.

Number of Days Summary

	Calendar Year 2022	First Quarter of 2023	Second Quarter of 2023	Third Quarter of 2023
Days Traded at Premium Number of days the ETF 4PM Bid/Ask was above the NAV.	238	41	39	50
Days Traded at Discount Number of days the ETF 4PM Bid/Ask was below the NAV.	13	21	23	13

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 Nov 30 2023

Net Cash Amount

$1,954,832.77

Fund Net Asset Value as of Nov 30 2023

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$25.46
Shares Outstanding	1.45 M
Assets Under Management	$36.92 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: Sep 27 2021

as of Oct 31 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Sep 27 2021
Fund Before Tax
NAV	Oct 31 2023	-1.14%	-1.14%	1.46%	4.71%	-	-	-	-4.84%
Market Value	Oct 31 2023	-1.07%	-1.07%	1.49%	4.66%	-	-	-	-4.73%
Primary Benchmark Bloomberg U.S. Aggregate Bond Index	Oct 31 2023	-1.58%	-1.58%	-2.77%	0.36%	-5.57%	-0.06%	0.88%	-7.80%
Secondary Benchmark SPDR Loomis Sayles Opportunistic Bond Composite Index	Oct 31 2023	-1.15%	-1.15%	2.56%	5.85%	-1.08%	2.44%	3.02%	-4.12%
Fund After Tax
Return after Taxes on Distributions	Oct 31 2023	-1.35%	-1.35%	-0.38%	2.27%	-	-	-	-6.57%
Return after Taxes on Distributions and Sale of Fund Shares	Oct 31 2023	-0.68%	-0.68%	0.88%	2.80%	-	-	-	-4.35%
Primary Benchmark Bloomberg U.S. Aggregate Bond Index	Oct 31 2023	-1.58%	-1.58%	-2.77%	0.36%	-5.57%	-0.06%	0.88%	-7.80%
Secondary Benchmark SPDR Loomis Sayles Opportunistic Bond Composite Index	Oct 31 2023	-1.15%	-1.15%	2.56%	5.85%	-1.08%	2.44%	3.02%	-4.12%

as of Sep 30 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Sep 27 2021
Fund Before Tax
NAV	Sep 30 2023	-1.40%	-0.80%	2.63%	5.78%	-	-	-	-4.49%
Market Value	Sep 30 2023	-1.27%	-0.66%	2.59%	5.82%	-	-	-	-4.41%
Primary Benchmark Bloomberg U.S. Aggregate Bond Index	Sep 30 2023	-2.54%	-3.23%	-1.21%	0.64%	-5.21%	0.10%	1.13%	-7.39%
Secondary Benchmark SPDR Loomis Sayles Opportunistic Bond Composite Index	Sep 30 2023	-1.41%	-0.66%	3.76%	7.53%	-0.66%	2.46%	3.29%	-3.73%
Fund After Tax
Return after Taxes on Distributions	Sep 30 2023	-1.61%	-1.46%	0.98%	3.33%	-	-	-	-6.20%
Return after Taxes on Distributions and Sale of Fund Shares	Sep 30 2023	-0.83%	-0.47%	1.56%	3.41%	-	-	-	-4.10%
Primary Benchmark Bloomberg U.S. Aggregate Bond Index	Sep 30 2023	-2.54%	-3.23%	-1.21%	0.64%	-5.21%	0.10%	1.13%	-7.39%
Secondary Benchmark SPDR Loomis Sayles Opportunistic Bond Composite Index	Sep 30 2023	-1.41%	-0.66%	3.76%	7.53%	-0.66%	2.46%	3.29%	-3.73%

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: 0.55%

Top Holdings

Subject to change.

Fund Top Holdings as of Nov 30 2023

Name	Identifier	Market Value	Weight
US Dollar	CASH_USD	1,938,238.69	5.26%
SPDR BLACKSTONE/GSO SEN LOAN	US78467V6083	1,694,771.04	4.60%
ODART 2021-1A A 144A	US682687AA60	537,028.06	1.46%
CREDIT SUISSE NEW YORK	US22550L2J94	412,228.81	1.12%
UNICREDIT SPA 144A W/O RTS	US904678AQ20	402,460.35	1.09%
HSBC USA INC	US40428HVL31	382,195.96	1.04%
AIGIM 2018-1A BR 144A	US00141UAG85	319,490.56	0.87%
EW SCRIPPS TLB L+256.25 LF 75	LX184553	317,380.14	0.86%
BANK OF AMERICA CORP	US06051GKN87	299,007.70	0.81%
CHG HEALTHCARE TLB L+325 LF50	LX198337	292,933.05	0.79%

Download All Holdings: Daily

Sector Allocation

Fund Sector Breakdown as of Nov 30 2023

Sector	Weight
Sector	Weight
Banking	13.07%
Consumer Cyclical	11.34%
Technology	10.95%
CLO	10.93%
Communications	8.80%
Energy	7.09%
Cash & Equivalent	5.26%
Consumer Non_Cyclical	5.07%
Capital Goods	4.83%
Financial Other	4.69%
Transportation	3.09%
Finance Companies	2.74%
Insurance	2.63%
Electric	2.19%
Basic Industry	1.91%
Industrial Other	1.61%
ABS Car Loan	1.46%
Brokerage	0.96%
REITs	0.83%
Govt Sponsored	0.28%
Non Agency CMBS	0.21%
Natural Gas	0.06%

Quality Breakdown

Fund Quality Breakdown as of Nov 30 2023

Name	Weight
Name	Weight
Cash	5.26%
AAA	6.09%
AA1	3.70%
AA2	2.92%
AA3	0.81%
A1	4.79%
A2	3.10%
A3	3.22%
BAA1	5.57%
BAA2	6.57%
BAA3	8.12%
BA1	4.83%
BA2	6.90%
BA3	9.08%
B1	6.86%
B2	9.38%
B3	4.27%
CAA1	2.48%
CAA2	0.43%
CAA3	0.27%
NR	5.36%

Maturity Ladder

Fund Maturity Ladder as of Nov 30 2023

Name	Weight
0 - 1 Year	18.41%
1 - 2 Years	8.85%
2 - 3 Years	10.53%
3 - 5 Years	31.37%
5 - 7 Years	15.37%
7 - 10 Years	11.67%
10 - 15 Years	0.34%
15 - 20 Years	1.12%
20 - 30 Years	1.51%
> 30 Years	0.82%

Region Weights

Fund Region Weights as of Nov 30 2023

Region	Weight
North America	84.57%
Europe - Euro Zone	6.59%
Other	5.26%
Great Britain	1.99%
Australia	0.46%
Asia	0.45%
Asia Emerging Market	0.36%
Europe - NonEuro Zone	0.27%
African Emerging Market	0.04%

Geographical Breakdown

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Fund Documents

Tax Documents

American Job Creation Act QII (2023) pdf

Information & Schedules

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® Loomis Sayles Opportunistic 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, Inc. has retained Loomis Sayles as the investment sub-adviser to the fund. State Street Global Advisors Funds Distributors, LLC is not affiliated with Loomis Sayles.

"Bloomberg^®" and Bloomberg U.S. Aggregate 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^® Loomis Sayles Opportunistic Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR^® Loomis Sayles Opportunistic Bond ETF.

Prior to 8/24/2021, the Bloomberg U.S. Aggregate Bond Index was known as the Bloomberg Barclays U.S. Aggregate Bond Index.