SPDR® SSGA Global Allocation ETF GAL

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.

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.

Actively managed ETFs do not seek to replicate the performance of a specified index.

Because the SPDR SSGA Active Asset Allocation ETFs are actively managed, they are therefore subject to the risk that the investments selected by SSGA may cause the ETFs to underperform relative to their benchmarks or other funds with similar investment objectives.

Commodities investing entail significant risk as commodity prices can be extremely volatile due to wide range of factors.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

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.

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.

Overview
Performance
Holdings
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NAV

USD $39.85

as of Dec 12 2019

Base Currency

USD

Assets Under Management

USD $270.58 M

as of Dec 12 2019

Gross Expense Ratio

0.35%

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Key Features

The SPDR^® SSGA Global Allocation ETF seeks to provide capital appreciation. The Fund invests in exchange traded funds registered under the Investment Company Act of 1940, as amended, that seek to track the performance of a market index; exchange traded commodity trusts; and exchange traded notes. The Portfolio may invest in certain ETFs that pay fees to the Adviser and its affiliates for management, marketing or other services.
The portfolio will invest in asset classes that consist of a diversified mix of asset class exposures
The portfolio will generally invest at least 30% of its assets in securities of issuers economically tied to countries other than the U.S.
The portfolio will typically allocate 60% of its assets to equity securities, though this percentage can vary based on the Adviser's tactical decisions

About the Primary Benchmark

The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 99% of the global equity markets.

About the Secondary Benchmark

The Bloomberg Barclays U.S. Aggregate Bond Index provides a measure of 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 Investor Service, Inc., Standard & Poor's, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and asset backed securities that are publicly for sale in the United States.

Fund Information as of Dec 12 2019

Primary Benchmark	Secondary 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	Investment Manager
MSCI ACWI IMI Index	Bloomberg Barclays U.S. Aggregate Bond Index	Apr 25 2012	No	0.35%	USD	SSGA Funds Management, Inc.

Primary Benchmark	MSCI ACWI IMI Index
Secondary Benchmark	Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date	Apr 25 2012
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.	0.35%
Base Currency	USD
Investment Manager	SSGA Funds Management, Inc.

Management Team	Distributor	Distribution Frequency
Investment Solutions Group (ISG)	State Street Global Advisors Funds Distributors, LLC	Quarterly

Management Team	Investment Solutions Group (ISG)
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Quarterly

Listing Information as of Dec 12 2019

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Apr 26 2012	USD	GAL	78467V400	US78467V4005

Exchange	NYSE ARCA EXCHANGE
Listing Date	Apr 26 2012
Trading Currency	USD
Ticker	GAL
CUSIP	78467V400
ISIN	US78467V4005

Fund Characteristics as of Dec 12 2019

Number of Holdings
22

Number of Holdings

Yields as of Dec 12 2019

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.	Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
2.75%	2.65%

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.	2.75%
Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.	2.65%

Fund Market Price as of Dec 12 2019

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 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)
USD $39.85	USD $39.84	USD $39.90	USD $39.80	534	0.00%

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 a given security.	USD $39.85
Closing Price Closing Price Market Price of last reported trade on the exchange.	USD $39.84
Day High	USD $39.90
Day Low	USD $39.80
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	534
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)	0.00%

Premium Discount to Nav

Quarter

x axis: # of days

y axis: # Premium/Discount percentage

Fund Data

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Fund Net Cash Amount as of Dec 12 2019

Net Cash Amount
USD $5,360,017.65

Net Cash Amount

USD $5,360,017.65

Fund Net Asset Value as of Dec 12 2019

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
USD $39.85	6.79M	USD $270.58 M

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	USD $39.85
Shares Outstanding	6.79M
Assets Under Management	USD $270.58 M

Most Recent NAV / NAV History

Fund Performance
View as

Fund Performance

Fund Inception Date: Apr 25 2012
Inception Date of Primary Index: May 31 2007
Inception Date of Secondary Index: Jan 01 1976

Performance

Month End Quarter End

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 25 2012
Fund Before Tax
NAV	Nov 30 2019	0.81%	2.50%	16.29%	10.76%	8.96%	5.01%	-	6.51%
Market Value	Nov 30 2019	0.87%	2.67%	16.40%	10.59%	8.99%	5.02%	-	6.53%
MSCI ACWI IMI Index Primary Index	Nov 30 2019	2.49%	5.31%	22.03%	13.20%	11.58%	7.23%	8.79%	9.24%
Bloomberg Barclays U.S. Aggregate Bond Index Secondary Index	Nov 30 2019	-0.05%	0.25%	8.79%	10.79%	4.10%	3.08%	3.59%	2.91%
Fund After Tax
Return after Taxes on Distributions	Nov 30 2019	0.81%	2.50%	15.41%	9.59%	8.00%	4.00%	-	5.49%
Return after Taxes on Distributions and Sale of Fund Shares	Nov 30 2019	0.48%	1.48%	9.62%	6.41%	6.58%	3.48%	-	4.72%
MSCI ACWI IMI Index Primary Index	Nov 30 2019	2.49%	5.31%	22.03%	13.20%	11.58%	7.23%	8.79%	9.24%
Bloomberg Barclays U.S. Aggregate Bond Index Secondary Index	Nov 30 2019	-0.05%	0.25%	8.79%	10.79%	4.10%	3.08%	3.59%	2.91%

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 25 2012
Fund Before Tax
NAV	Sep 30 2019	1.05%	1.20%	13.45%	3.01%	7.03%	5.10%	-	6.31%
Market Value	Sep 30 2019	0.97%	1.16%	13.38%	2.93%	6.97%	5.07%	-	6.30%
MSCI ACWI IMI Index Primary Index	Sep 30 2019	2.10%	-0.18%	15.87%	0.48%	9.36%	6.61%	8.45%	8.69%
Bloomberg Barclays U.S. Aggregate Bond Index Secondary Index	Sep 30 2019	-0.53%	2.27%	8.52%	10.30%	2.92%	3.38%	3.75%	2.94%
Fund After Tax
Return after Taxes on Distributions	Sep 30 2019	0.82%	0.96%	12.59%	1.91%	6.09%	4.09%	-	5.27%
Return after Taxes on Distributions and Sale of Fund Shares	Sep 30 2019	0.62%	0.71%	7.96%	1.83%	5.09%	3.56%	-	4.55%
MSCI ACWI IMI Index Primary Index	Sep 30 2019	2.10%	-0.18%	15.87%	0.48%	9.36%	6.61%	8.45%	8.69%
Bloomberg Barclays U.S. Aggregate Bond Index Secondary Index	Sep 30 2019	-0.53%	2.27%	8.52%	10.30%	2.92%	3.38%	3.75%	2.94%

as of Nov 30 2019

as of Sep 30 2019

Gross Expense Ratio: 0.35%

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.

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.

Top Holdings
Subject to change.

Top Holdings

Fund Top Holdingsas of Dec 12 2019

Fund Top Holdings as of Dec 12 2019

Name	Ticker	Shares Held	Market Value	Weight
SPDR S&P 500 ETF Trust	SPY	197,244	62,551,988.00	23.12%
SPDR Portfolio Developed World ex-US ETF	SPDW	1,134,630	35,411,804.00	13.09%
SPDR Bloomberg Barclays High Yield Bond ETF	JNK	298,279	32,533,290.00	12.02%
SPDR Dow Jones REIT ETF	RWR	180,978	18,186,480.00	6.72%
SPDR Portfolio Emerging Markets ETF	SPEM	371,047	13,825,211.00	5.11%
SPDR Portfolio TIPS ETF	SPIP	469,827	13,390,070.00	4.95%
SPDR Portfolio Europe ETF	SPEU	305,814	10,874,746.00	4.02%
Invesco DB Gold Fund	DGL	241,995	10,817,176.00	4.00%
SPDR S&P International Small Cap ETF	GWX	255,790	8,141,795.50	3.01%
SPDR Dow Jones International Real Estate ETF	RWX	197,967	8,003,806.00	2.96%
Financial Select Sector SPDR Fund	XLF	178,763	5,509,475.50	2.04%
Technology Select Sector SPDR Fund	XLK	61,778	5,492,064.00	2.03%
State Street Instl Us Governme Open-End	85749270	5,459,781	5,459,781.50	2.02%
SPDR S&P Midcap 400 ETF Trust	MDY	14,653	5,448,864.50	2.01%
Health Care Select Sector SPDR Fund	XLV	53,853	5,436,460.50	2.01%
SPDR Bloomberg Barclays International Treasury Bond ETF	BWX	188,519	5,393,528.50	1.99%
SPDR Bloomberg Barclays International Corporate Bond ETF	IBND	158,675	5,376,163.00	1.99%
SPDR Portfolio Intermediate Term Corporate Bond ETF	SPIB	151,843	5,343,355.00	1.97%
SPDR Portfolio Intermediate Term Treasury ETF	SPTI	172,276	5,323,328.50	1.97%
SPDR S&P Emerging Markets Small Cap ETF	EWX	60,246	2,755,652.00	1.02%
SPDR Portfolio Small Cap ETF	SPSM	84,726	2,735,802.50	1.01%
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	EBND	96,781	2,667,284.30	0.99%
U.S. Dollar	CASH_USD	-88,806	-88,806.01	-0.03%

Download All Holdings: Daily

Asset Allocation

Fund Asset Allocationas of Dec 12 2019

Fund Asset Allocation as of Dec 12 2019

Sector	Weight
US Equity	32.20%
International Equity	26.23%
High Yield	12.02%
US REIT	6.72%
US Inflation Linked Bond	4.95%
Commodity	4.00%
Global Fixed Income	3.98%
US Fixed Income	3.94%
International Reit	2.96%
Cash	2.05%
Emerging Market Debt	0.99%

Fund Documents

ETF Historical Distributions

Tax Documents

SPDR ICI Tax Summary (Primary)

SPDR ICI Tax Summary (Secondary)

Information & Schedules

SPDR® ETF Listing

Notice to APs- Changes to the US SPDR Website 12.11.19

SPDR Dividend Distribution Schedule

SPDR ETFs 2019 Estimated Capital Gains

Insights & Investment Ideas

Why Tactical Asset Allocation

Education

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

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.

Unless otherwise noted all information contained herein is that of the SPDR SSGA Global Allocation 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 10/31/2017, the Bloomberg Barclays U.S. Aggregate Bond Index was known as the Bloomberg Barclays U.S. Aggregate Index.

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Content on this site is approved for Investment Professional use only.

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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

2732006.2.1.AM.INST