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State Street Global Advisors Expands ETF Offering With Launch of the SPDR® Dorsey Wright® Fixed Income Allocation ETF

STT, SPY | June 2, 2016

State Street Global Advisors Expands ETF Offering With Launch of the SPDR® Dorsey Wright® Fixed Income Allocation ETF

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that the SPDR Dorsey Wright Fixed Income Allocation ETF (Ticker: DWFI) began trading on the Nasdaq Stock Market, SSGA’s first SPDR ETF to be listed on this exchange. DWFI, a fund of funds, allows investors an opportunity to take advantage of Dorsey, Wright & Associates’ (DWA) signal-driven, momentum-focused technical index methodology for fixed income exposure, implemented in a single SPDR ETF.

“We think that bond markets are likely to exist in a low yielding and relatively uncertain environment for the foreseeable future, and we continue to look to provide unique solutions for investors to navigate these markets and seek to meet their return targets,” said Nick Good, co-head, Global SPDR business at State Street Global Advisors. “With the launch of DWFI we are excited to have developed a relationship with Dorsey, Wright & Associates that allows SSGA to offer a convenient, cost effective, exchange traded vehicle tracking an index that is intended, through its relative strength methodology, to respond to changes in price of certain fixed income ETFs, which may reflect volatility, rates and yield spreads.”

The SPDR Dorsey Wright Fixed Income Allocation ETF seeks to track the performance of the Dorsey Wright Fixed Income Allocation Index (“Index”). The Index is designed to provide targeted exposure to the SPDR fixed income ETFs that offer the greatest potential to outperform the other SPDR fixed income ETFs included in the Index selection universe. Dorsey, Wright & Associates’ proprietary Index methodology ranks each SPDR fixed income ETF by relative strength¹ and selects the four top-ranked SPDR ETFs for an initial equal weighted inclusion.

The net and gross expense ratio for the SPDR Dorsey Wright Fixed Income Allocation ETF is 0.60 percent.²

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR® ETFs. With trillions* in assets under management, our scale and global footprint provide unrivaled access to markets and asset classes, and allow us to deliver expert insights and investment solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2 trillion as of March 31, 2016. AUM reflects approx.32.6B with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

1. Pursuant to the Index methodology, a SPDR ETF's “relative strength” is the measurement of its price momentum as compared to the price momentum of all other SPDR ETFs in the selection universe, based on historical daily closing prices inclusive of dividends, since inception, of each SPDR ETF in the universe.

2. The gross expense ratio is the fund’s total annual operating expenses ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund’s most recent prospectus.

IMPORTANT RISK INFORMATION:

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, 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.

Investment risk the fund is subject to the risks of the underlying investments, which may include actively managed funds. Market fluctuations may alter the asset allocation of the underlying index which will result in a different risk profile from time to time.

Momentum risk the fund employs a “momentum” style of investing that emphasizes investing in securities that have had higher recent price performance compared to other securities. This style of investing is subject to the risk that these securities may be more volatile than a broad cross-section of securities or that the returns on securities that have previously exhibited price momentum are less than returns on other styles of investing or the overall stock market. Momentum can turn quickly and cause significant variation from other types of investments.

Passively managed funds hold 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.

Diversification does not ensure a profit or guarantee against loss.

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.

There is no relationship between Dorsey Wright & Associates, LLC (collectively with its parent companies and affiliates, “Dorsey Wright”) and State Street Global Advisors (“SSGA”) other than a license by Dorsey Wright to SSGA of certain Dorsey Wright trademarks and trade names, and the Dorsey Wright Fixed Income Allocation Index (“Index”), for use by SSGA.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 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. Dorsey Wright and State Street are not affiliated.

Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

Not FDIC Insured –No Bank Guarantee – May Lose Value

State Street Global Advisors, One Lincoln Street, Boston, MA 02111-2900

CORP-1991

Exp. Date - 05/31/2017