SPDR® BloombergConvertible
Securities ETF

CWB

Key Features

Total Return (As of 06/30/2024)•• The SPDR® Bloomberg Convertible Securities ETF seeks toprovide investment results that, before fees and expenses,
correspond generally to the price and yield performance of theBloomberg US Convertible Liquid Bond Index (the "Index")•• Seeks to provide exposure to the market of U.S. convertible
securities with an issue amount of at least $350 million and a
par amount outstanding of at least $250 million•• Convertible bonds are bonds that can be exchanged, at theoption of the holder, for a specific number of shares of theissuer's preferred stock or common stock•• Rebalanced on the last business day of the month
About This Benchmark
The Index is designed to represent the market of U.S. convertible
securities, such as convertible bonds and convertible preferredstock. Convertible bonds are bonds that can be exchanged, atthe option of the holder or issuer, for a specific number of sharesof the issuer’s equity securities. Convertible preferred stock ispreferred stock that includes an option for the holder to convert
to common stock. The Index components are a subset of issues
in the Bloomberg Convertible Composite Index. To be includedin the Index, a security must meet the following requirements: (i)have an issue amount of at least $350 million and a par amountoutstanding of at least $250 million; (ii) be a non-called, nondefaulted security; (iii) have at least 31 days until maturity; (iv) beU.S. dollar denominated; and (v) be a registered or a convertible
tranche issued under Rule 144A of the Securities Act of 1933,as amended.
Fund InformationInception Date

04/14/2009

CUSIP

78464A359

Fact Sheet
Fixed Income
As of 06/30/2024

NAV(%)

Market Value(%)

Index(%)

QTD

-0.70

-0.93

-0.61

YTD

0.85

0.64

0.88

Cumulative

Annualized
1 Year

5.32

4.95

5.45

3 Year

-3.96

-4.03

-3.55

5 Year

8.98

8.93

9.56

10 Year

8.04

7.97

8.55

Gross Expense Ratio (%)

0.40

30 Day SEC Yield (%)

3.06

Past performance is not a reliable indicator of future performance.
Investment return and principal value will fluctuate, so you may have again or loss when shares are sold. Current performance may be higher
or lower than that quoted. All results are historical and assume thereinvestment of dividends and capital gains. Visit ssga.com for mostrecent month-end performance. Performance is shown net of fees.
Performance of an index is not illustrative of any particular investment. It
is not possible to invest directly in an index. 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.
Prior to 10/31/2021, the SPDR Bloomberg Convertible Securities ETF was known
as the SPDR Bloomberg Barclays Convertible Securities ETF.
Prior to 8/24/2021, the Bloomberg U.S. Convertible Liquid Bond Index wasknown as the Bloomberg Barclays U.S. Convertible Liquid Bond Index.
Characteristics
Average Yield To Worst-2.63%

Number of Holdings

304

Option Adjusted Duration

1.88

Option Adjusted Spread

262.6

Not FDIC Insured. No Bank Guarantee. May Lose Value.

1Top Sectors

Weight (%)

Technology27.81

Aaa-0.05

Consumer Cyclical

22.02

A4.36

Consumer Non-Cyclical12.98

Baa

14.16

Utility

9.72

Below BAA

5.93

Finance

9.38

Not Rated

75.60

Communications

7.67

Totals may not equal 100 due to rounding.

Capital Goods

3.94

Transportation

2.23

Maturity Ladder

Basic Industry

1.56

0 - 1 Year

13.45

Other Industrial

1.10

1 - 2 Years

22.18

Energy0.74

2 - 3 Years

19.68

Other

0.85

3 - 5 Years

30.96

5 - 7 Years

11.29

7 - 10 Years

0.31

10 - 15 Years

0.11

20 - 30 Years2.02

ssga.comare listed as Aaa; AA1, AA2, and AA3 are listedas Aa, etc.

Information Classification: GeneralState Street Global Advisors
One Iron Street, Boston MA 02210
T: +1 866 787 2257
Glossary
NAV The market value of a mutual fund’s orETFs total assets, minus liabilities, divided by
the number of shares outstanding.
Market Value Determined by the midpoint
between the bid/offer prices as of the closing
time of the New York Stock Exchange (typically4:00PM EST) on business days.
Gross Expense Ratio The fund’s total
annual operating expense ratio. It is gross ofany fee waivers or expense reimbursements.
It can be found in the fund’s most recent
prospectus.
30 Day SEC Yield (Also known asStandardized Yield) An annualized yield thatis calculated by dividing the net investment
income earned by the fund over the mostrecent 30-day period by the current maximum
offering price.
Index Average Yield to Worst The lowest
potential yield that can be received on abond without the issuer actually defaulting.
The YTW is calculated by making worstcase scenario assumptions on the issue bycalculating the return that would be received
if the issuer uses provisions, including
prepayments. When aggregating YTW for aportfolio level statistic, the weighted averageof the YTW and market value for eachsecurity is used.
Quality Breakdown Bloomberg uses the“middle rating” of Moody’s, S&P, and Fitch todetermine a security’s index classification. If
only two of the agencies rate a security, thenthe most conservative (lowest) rating will beused. If only one rating agency rates a security,that one rating will be used. Where there are
no security level ratings, an issuer rating may
be used to determine index classification.
Bloomberg Index breakdowns are grouped intolarger categories. For example, AAA+ and AAA

Important Risk Information
Weights are as of the date indicated, aresubject to change, and should not be relied
upon as current thereafter.
Investing involves risk including the risk of lossof principal.
The information provided does not constituteinvestment advice and it should not be reliedon as such. It should not be considered asolicitation to buy or an offer to sell a security.
It does not take into account any investor's
particular investment objectives, strategies,
tax status or investment horizon. You should
consult your tax and financial advisor.
The whole or any part of this work may not be
reproduced, copied or transmitted or any of
its contents disclosed to third parties without
SSGA’s express written consent.
This communication is not intended to be an
investment recommendation or investment
advice and should not be relied upon as such.
The Fund's investments are subject tochanges 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 orperceived creditworthiness of issuers, andgeneral 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 otherpublic health issues, or other events could
have a significant impact on the Fund and its
investments.
Issuers of convertible securities may not
be as financially strong as those issuing
securities with higher credit ratings and may
be more vulnerable to changes in the economy.
Other risks associated with convertible bondinvestments include: Call risk which is the risk

Quality Breakdown

that bond issuers may repay securities withhigher coupon or interest rates before thesecurity’s maturity date; liquidity risk which is
the risk that certain types of investments may
not be possible to sell the investment at any
particular time or at an acceptable price; andinvestments in derivatives, which can be moresensitive to sudden fluctuations in interest
rates or market prices, potential illiquidityof the markets, as well as potential loss ofprincipal.
Bond funds contain interest rate risk (asinterest rates rise bond prices usually fall); therisk of issuer default; issuer credit risk; liquidityrisk; and inflation risk. There are additionalrisks for funds that invest in mortgage-backed
and asset-backed securities including the riskof issuer default; credit risk and inflation risk.
The Fund is classified as “diversified” underthe Investment Company Act of 1940, asamended (the “1940 Act”); however, the Fund
may become “non-diversified,” as defined
under the 1940 Act, solely as a result oftracking the Index (e.g., changes in weightingsof one or more component securities). When
the Fund is non-diversified, it may invest a
relatively high percentage of its assets in alimited number of issuers.
Passively managed funds invest by
sampling the index, holding a range ofsecurities that, in the aggregate, approximates
the full Index in terms of key risk factors andother characteristics. This may cause thefund to experience tracking errors relative toperformance of the index.
While the shares of ETFs are tradable onsecondary markets, they may not readily
trade in all market conditions and may
trade at significant discounts in periods ofmarket stress.
ETFs trade like stocks, are subject toinvestment risk, fluctuate in market value andmay trade at prices above or below the ETFs
net asset value. Brokerage commissions andETF expenses will reduce returns.
Intellectual Property Information: TheS&P 500® Index is a product of S&P Dow Jones
Indices LLC or its affiliates (“S&P DJI”) andhave been licensed for use by State Street
Global Advisors. S&P®, SPDR®, S&P 500®,US500 and the 500 are trademarks of Standard& Poor’s Financial Services LLC (“S&P”); Dow

2

Weight (%)

Weight (%)

Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”) andhas been licensed for use by S&P Dow Jones
Indices; and these trademarks have been
licensed for use by S&P DJI and sublicensedfor 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 suchparties 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.
"Bloomberg ®" and Bloomberg U.S. Convertible
Liquid Bond Index are service marks ofBloomberg 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 notaffiliated with State Street Global Advisors,
and Bloomberg does not approve, endorse,
review, or recommend SPDR Bloomberg
Convertible Securities ETF. Bloomberg does
not guarantee the timeliness, accurateness,or completeness of any data or information
relating to SPDR Bloomberg Convertible
Securities ETF.
Distributor State Street Global Advisors
Funds Distributors, LLC, member FINRA, SIPC,
an indirect wholly owned subsidiary of StateStreet Corporation. References to State Streetmay include State Street Corporation and its
affiliates. Certain State Street affiliates provide
services and receive fees from the SPDR ETFs.

Before investing, consider thefunds’ investment objectives, risks,charges and expenses. To obtain aprospectus or summary prospectus
which contains this and otherinformation, call 1-866-787-2257 orvisit ssga.com. Read it carefully.
2024 State Street Corporation.
All Rights Reserved.
Tracking Number: 5899737.1.5.AM.RTL
Expiration Date: 10/31/2024
ETF-CWB 20240715/10:39©