Morningstar Fund Comparison

Funds you choose may fall into different investing categories. Comparing funds from different categories may not provide complete or accurate results.

For US Investment Professional Use Only – Distribution to Retail Investors is Prohibited.

The funds presented herein have different investment objectives, costs and expenses. The performance of each fund will necessarily depend on the ability of their respective managers to select portfolio investments. These differences, among others, may result in significant disparity in the funds' portfolio assets and performance. For further information on the funds, please review their respective prospectuses.

Highly rated funds are defined as those funds that have a 4- or 5-star Morningstar rating. For each fund, Morningstar calculates a Morningstar Rating TM metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund’s load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

BEFORE ACQUIRING THE SHARES OF ANY INVESTMENT FUND BY PURCHASE, IT IS YOUR RESPONSIBILITY TO READ THE FUND'S PROSPECTUS OR OFFERING MATERIALS.

This fund analysis tool is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. The information on this fund analysis tool does not constitute a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Although this material is based upon information that State Street Global Advisors considers reliable and endeavors to keep current, State Street Global Advisors does not assure that this material is accurate, current or complete, and it should not be relied upon as such.

Past performance is no guarantee of future results.

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 State Street Global Advisors (SPDR funds) at 1-866-787-2257, download a prospectus or summary prospectus now. For other fund families: please contact each respective fund distributor for a prospectus or summary prospectus. Please read it carefully.

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.

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