SPDR® Russell 1000 Momentum Focus ETF ONEO

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.

Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.

Concentrated investments in a particular industry or sector may be more vulnerable to adverse changes in that industry or sector.

Dividend paying securities can fall out of favor causing securities to underperform companies that do not pay dividends. Changes in dividend policies of companies may adversely affect fund performance.

Momentum style of investing emphasizes investing in securities that have had higher recent price performance compared to other securities, which is subject to the risk that these securities may be more volatile and can turn quickly and cause significant variation from other types of investments.

The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”); however, the Fund may become “non-diversified,” as defined under the 1940 Act, solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.

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.

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.

$93.96

as of Sep 22 2023

Base Currency

USD

Assets Under Management

$147.51 M

as of Sep 22 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.

0.20%

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Key Features

The SPDR^® Russell 1000 Momentum Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index (the “Index”)
Seeks to harness the full power of factor investing to meet specific investor objectives and address some of the main motivations for using smart beta: in the case of ONEO, increased growth potential (momentum)
The specific focus on momentum potentially captures the excess returns of stocks that have enjoyed higher recent price performance compared to other securities due to the tendency for stock prices to form trends over certain time horizons
Multi-factor smart beta strategies can bridge the gap between active and passive management, providing an opportunity for investors to rethink exposures and potentially maximize risk-adjusted returns more efficiently

About this Benchmark

The Russell 1000 Momentum Focused Factor Index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics (the “Factor Characteristics”). To construct the Index, Frank Russell Company (“Index Provider”) utilizes a proprietary rules-based multi-factor scoring process that seeks to increase exposure (or “tilt”) to companies in the Russell 1000 Index demonstrating the Factor Characteristics. The Russell 1000 Index is a market-capitalization index that measures the performance of the large-cap segment of the U.S. equity universe.

Fund Information as of Sep 25 2023

Benchmark	Russell 1000 Momentum Focused Factor Index
Inception Date	Dec 02 2015
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.	0.20%
Base Currency	USD
Administrator	State Street Global Advisors Funds Management Inc.
Investment Manager	SSGA Funds Management, Inc.
Management Team	Global Equity Beta Solutions
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Quarterly

Listing Information as of Sep 25 2023

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Dec 03 2015	USD	ONEO	78468R762	US78468R7623

Fund Characteristics as of Sep 21 2023

Est. 3-5 Year EPS Growth Estimated 3-5 Year EPS Growth Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.	11.48%
Number of Holdings	897
Price/Book Ratio Price/Book Ratio The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.	2.87
Price/Earnings Ratio FY1 Price/Earnings Ratio FY1 The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.	14.19
Weighted Average Market Cap	$45,314.00 M

Index Characteristics as of Sep 21 2023

Est. 3-5 Year EPS Growth	11.49%
Number of Holdings	895
Price/Cash Flow	9.20
Price/Earnings	14.29
Price/Earnings Ratio FY1	14.19

Index Statistics as of Sep 21 2023

Weighted Average Market Cap	Mean	Median	Largest	Smallest
	Average Size		Size Range
$45,255.06 M	$47,948.80 M	$13,873.55 M	$2,721,633.50 M	$461.85 M

Yields as of Sep 21 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.	1.34%
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.	1.78%
Index Dividend Yield Index Dividend Yield The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.	1.64%

Fund Market Price as of Sep 22 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.	$93.92
Closing Price Closing Price Market Price of last reported trade on the exchange.	$93.96
Day High	$94.21
Day Low	$93.96
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	3
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.	0.12%

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
Days Traded at Premium Number of days the ETF 4PM Bid/Ask was above the NAV.	110	39	38
Days Traded at Discount Number of days the ETF 4PM Bid/Ask was below the NAV.	141	23	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.

Fund Net Cash Amount as of Sep 22 2023

Net Cash Amount

$132,330.63

Fund Net Asset Value as of Sep 22 2023

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$93.96
Shares Outstanding	1.57 M
Assets Under Management	$147.51 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: Dec 02 2015

as of Aug 31 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Dec 02 2015
Fund Before Tax
NAV	Aug 31 2023	-2.34%	0.71%	8.41%	10.57%	11.37%	6.83%	-	9.20%
Market Value	Aug 31 2023	-2.37%	0.72%	8.39%	10.56%	11.37%	6.82%	-	9.20%
Benchmark Russell 1000 Momentum Focused Factor Index	Aug 31 2023	-2.34%	0.73%	8.49%	10.68%	11.55%	7.02%	-	9.43%
Fund After Tax
Return after Taxes on Distributions	Aug 31 2023	-2.34%	0.71%	7.98%	9.87%	10.89%	6.37%	-	8.51%
Return after Taxes on Distributions and Sale of Fund Shares	Aug 31 2023	-1.39%	0.42%	4.96%	6.38%	8.77%	5.24%	-	7.21%
Benchmark Russell 1000 Momentum Focused Factor Index	Aug 31 2023	-2.34%	0.73%	8.49%	10.68%	11.55%	7.02%	-	9.43%

as of Jun 30 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Dec 02 2015
Fund Before Tax
NAV	Jun 30 2023	9.17%	4.45%	7.65%	16.40%	14.51%	7.84%	-	9.32%
Market Value	Jun 30 2023	9.13%	4.44%	7.62%	16.33%	14.48%	7.82%	-	9.31%
Benchmark Russell 1000 Momentum Focused Factor Index	Jun 30 2023	9.20%	4.45%	7.70%	16.53%	14.70%	8.03%	-	9.54%
Fund After Tax
Return after Taxes on Distributions	Jun 30 2023	8.95%	4.24%	7.21%	15.66%	14.02%	7.38%	-	8.61%
Return after Taxes on Distributions and Sale of Fund Shares	Jun 30 2023	5.42%	2.63%	4.51%	9.84%	11.28%	6.06%	-	7.30%
Benchmark Russell 1000 Momentum Focused Factor Index	Jun 30 2023	9.20%	4.45%	7.70%	16.53%	14.70%	8.03%	-	9.54%

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: 0.20%

Top Holdings

Subject to change.

as of Sep 21 2023

Fund Top Holdings as of Sep 21 2023

Name	Shares Held	Weight
MARATHON PETROLEUM CORP	10,257	1.08%
CARDINAL HEALTH INC	16,666	1.01%
MCKESSON CORP	2,744	0.81%
STEEL DYNAMICS INC	12,051	0.81%
BUILDERS FIRSTSOURCE INC	9,548	0.78%
ON SEMICONDUCTOR	12,695	0.78%
RELIANCE STEEL + ALUMINUM	4,391	0.78%
NUCOR CORP	6,995	0.72%
JABIL INC	9,727	0.69%
LENNAR CORP A	8,568	0.66%

Download All Holdings: Daily

Index Top Holdings as of Sep 21 2023

Name	Weight
Marathon Petroleum Corporation	1.07%
Cardinal Health Inc.	1.00%
McKesson Corporation	0.81%
Steel Dynamics Inc.	0.81%
Builders FirstSource Inc.	0.78%
ON Semiconductor Corporation	0.78%
Reliance Steel & Aluminum Co.	0.78%
Nucor Corporation	0.72%
Jabil Inc.	0.69%
Lennar Corporation Class A	0.66%

Sector Allocation

as of Sep 21 2023

Fund Sector Breakdown as of Sep 21 2023

Sector	Weight
Industrials	20.63%
Consumer Discretionary	19.54%
Technology	18.37%
Financials	7.96%
Health Care	7.93%
Energy	7.11%
Consumer Staples	6.03%
Basic Materials	5.54%
Utilities	3.13%
Real Estate	2.67%
Telecommunications	0.90%
Unassigned	0.18%

Index Sector Breakdown as of Sep 21 2023

Sector	Weight
Industrials	20.63%
Consumer Discretionary	19.55%
Technology	18.36%
Health Care	8.00%
Financials	7.96%
Energy	7.11%
Consumer Staples	6.02%
Basic Materials	5.53%
Utilities	3.13%
Real Estate	2.65%
Telecommunications	0.89%
Unassigned	0.17%

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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 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.

Unless otherwise noted all information contained herein is that of the SPDR^® Russell 1000 Momentum Focus ETF.

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.

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.