SPDR® SSGA Multi-Asset Real Return ETF RLY

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.

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

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NAV

NAV

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

$27.21

as of Nov 30 2023

Base Currency

USD

Assets Under Management

$556.71 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.

0.50%

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Key Features

The SPDR® SSGA Multi-Asset Real Return ETF seeks to achieve real return consisting of capital appreciation and current income.
Seeks to provide exposure to domestic and international inflation protected securities, real estate securities, commodities, infrastructure companies, and companies in natural resources and/or commodity businesses which may include agriculture, energy, and metals and mining companies as well as industrial, and utility companies.
The investment process relies on a proprietary quantitative model as well as fundamental views regarding factors that may not be captured by the quantitative model

About the Primary Benchmark

The Bloomberg U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. The notional coupon of a bond must be fixed or zero. Bonds must settle on or before the index rebalancing date.

About the Secondary Benchmark

The DBIQ Optimum Yield Diversified Commodity Index Excess Return employs a rule based approach when it rolls from one futures contract to another for each commodity in the index. DBLCI Diversified Index represents 14 commodities drawn from the Energy, Precious Metals, Industrial Metals and Agriculture sectors.

Fund Information as of Dec 01 2023

Primary Benchmark	Bloomberg U.S. Government Inflation-Linked Bond Index
Secondary Benchmark	DBIQ Optimum Yield Diversified Commodity Index Excess Return
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.	0.50%
Base Currency	USD
Administrator	State Street Global Advisors Funds Management Inc.
Investment Manager	SSGA Funds Management, Inc.
Management Team	Investment Solutions Group (ISG)
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Quarterly

Listing Information as of Dec 01 2023

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Apr 26 2012	USD	RLY	78467V103	US78467V1035

Fund Characteristics as of Nov 30 2023

Number of Holdings

Yields as of Nov 29 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.	5.53%
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.	5.41%

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.	$27.20
Closing Price Closing Price Market Price of last reported trade on the exchange.	$27.24
Day High	$27.35
Day Low	$27.13
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	9,195
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)	-0.02%
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.	0.07%

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.	156	29	30	27
Days Traded at Discount Number of days the ETF 4PM Bid/Ask was below the NAV.	95	33	32	36

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

$26,746,247.26

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.	$27.21
Shares Outstanding	20.46 M
Assets Under Management	$556.71 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: Apr 25 2012

as of Oct 31 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 25 2012
Fund Before Tax
NAV	Oct 31 2023	-2.69%	-2.69%	-3.05%	-0.40%	14.27%	6.38%	2.40%	2.20%
Market Value	Oct 31 2023	-2.64%	-2.64%	-3.09%	-0.39%	14.26%	6.36%	2.40%	2.21%
Primary Benchmark Bloomberg U.S. Government Inflation-Linked Bond Index	Oct 31 2023	-0.82%	-0.82%	-1.68%	-0.84%	-2.32%	2.24%	1.64%	1.21%
Secondary Benchmark DBIQ Optimum Yield Diversified Commodity Index Excess Return	Oct 31 2023	-2.20%	-2.20%	-4.07%	-6.04%	23.45%	7.28%	-0.30%	-0.90%
Fund After Tax
Return after Taxes on Distributions	Oct 31 2023	-2.69%	-2.69%	-3.73%	-2.32%	11.52%	4.38%	1.13%	1.01%
Return after Taxes on Distributions and Sale of Fund Shares	Oct 31 2023	-1.59%	-1.59%	-1.80%	0.00%	10.12%	4.18%	1.37%	1.25%
Primary Benchmark Bloomberg U.S. Government Inflation-Linked Bond Index	Oct 31 2023	-0.82%	-0.82%	-1.68%	-0.84%	-2.32%	2.24%	1.64%	1.21%
Secondary Benchmark DBIQ Optimum Yield Diversified Commodity Index Excess Return	Oct 31 2023	-2.20%	-2.20%	-4.07%	-6.04%	23.45%	7.28%	-0.30%	-0.90%

as of Sep 30 2023

	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 2023	-1.29%	1.37%	-0.37%	9.65%	14.62%	5.65%	2.93%	2.46%
Market Value	Sep 30 2023	-1.27%	1.28%	-0.46%	9.61%	14.58%	5.64%	2.92%	2.46%
Primary Benchmark Bloomberg U.S. Government Inflation-Linked Bond Index	Sep 30 2023	-1.93%	-2.80%	-0.87%	1.24%	-2.27%	2.08%	1.79%	1.29%
Secondary Benchmark DBIQ Optimum Yield Diversified Commodity Index Excess Return	Sep 30 2023	1.01%	8.53%	-1.92%	0.92%	23.07%	6.57%	-0.10%	-0.71%
Fund After Tax
Return after Taxes on Distributions	Sep 30 2023	-1.38%	1.28%	-1.07%	7.53%	11.87%	3.66%	1.66%	1.26%
Return after Taxes on Distributions and Sale of Fund Shares	Sep 30 2023	-0.76%	0.81%	-0.23%	5.94%	10.37%	3.58%	1.78%	1.44%
Primary Benchmark Bloomberg U.S. Government Inflation-Linked Bond Index	Sep 30 2023	-1.93%	-2.80%	-0.87%	1.24%	-2.27%	2.08%	1.79%	1.29%
Secondary Benchmark DBIQ Optimum Yield Diversified Commodity Index Excess Return	Sep 30 2023	1.01%	8.53%	-1.92%	0.92%	23.07%	6.57%	-0.10%	-0.71%

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: 0.50%

Top Holdings

Subject to change.

Fund Top Holdings as of Nov 30 2023

Name	Ticker	Market Value	Shares Held	Weight
SPDR S+P GLOBAL NATURAL RESOUR	GNR	158,871,708.51	2,856,891	28.82%
SPDR S+P GLOBAL INFRASTRUCTURE	GII	138,099,150.00	2,630,460	25.05%
INVESCO OPTIMUM YIELD DIVERSIF	PDBC	106,442,464.44	7,422,766	19.31%
SPDR BLOOMBERG 1 10 YEAR TIPS	TIPX	36,134,217.04	1,981,666	6.55%
ENERGY SELECT SECTOR SPDR FUND	XLE	35,397,237.48	418,506	6.42%
SSI US GOV MONEY MARKET CLASS	-	26,681,545.78	26,681,546	4.84%
SPDR S+P METALS + MINING ETF	XME	17,709,927.75	323,469	3.21%
SPDR FTSE INTERNATIONAL GOVERN	WIP	13,632,768.76	340,579	2.47%
SPDR GOLD MINISHARES TRUST	GLDM	11,137,005.90	275,805	2.02%
SPDR DOW JONES INTERNATIONAL R	RWX	2,871,300.05	114,167	0.52%
SPDR DOW JONES REIT ETF	RWR	2,857,479.00	32,575	0.52%
VANECK AGRIBUSINESS ETF	MOO	1,284,035.19	17,477	0.23%
US DOLLAR	-	-2,179,055.32	-2,179,055	-0.40%

Download All Holdings: Daily

Asset Allocation

Fund Asset Allocation as of Nov 30 2023

Sector	Weight
Natural Resources	38.67%
Global Infrastructure	25.04%
Commodities	19.30%
Inflation Linked Bonds	9.06%
Cash	4.86%
Unassigned	2.02%
Real Estate	1.04%

Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss.

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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 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 SSGA Multi-Asset Real Return 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 8/24/2021, the Bloomberg U.S. Government Inflation-Linked Bond Index was known as the Bloomberg Barclays U.S. Government Inflation-Linked Bond Index.

"Bloomberg^®" and Bloomberg U.S. Government Inflation-Linked 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^® SSGA Multi-Asset Real Return ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR^® SSGA Multi-Asset Real Return ETF.