SPDR® PortfolioMortgage Backed
Bond ETF

SPMB

Key Features

Total Return (As of 06/30/2024)•• The SPDR® Portfolio Mortgage Backed Bond ETF seeks toprovide investment results that, before fees and expenses,
correspond generally to the price and yield performance of theBloomberg U.S. MBS Index (the "Index")•• One of the low cost core SPDR Portfolio ETFs, a suite ofportfolio building blocks designed to provide broad, diversified
exposure to core asset classes•• A low cost ETF that seeks to provide exposure to agency
mortgage backed securities of the U.S. investment gradebond market•• Rebalanced on the last business day of the month
About This Benchmark
The Bloomberg U.S. MBS Index (the "MBS Index") measures theperformance of the U.S. agency mortgage pass-through segmentof the U.S. investment grade bond market. The term "U.S. agency
mortgage pass-through security" refers to a category of passthrough securities backed by pools of mortgages and issued
by one of the following U.S. government-sponsored enterprises:
Government National Mortgage Association ("GNMA"); Federal
National Mortgage Association ("FNMA") and Federal Home Loan
Mortgage Corporation ("FHLMC").
Fund Information
Inception Date

01/15/2009

CUSIP78464A383

Fact Sheet
Fixed Income
As of 06/30/2024

NAV(%)

Market Value(%)

Index(%)

Cumulative
QTD

0.16

0.19

0.07

YTD

-0.92

-0.87

-0.98

Annualized
1 Year

2.07

1.99

2.12

3 Year

-3.00

-2.98

-2.92

5 Year

-0.85

-0.87

-0.76

10 Year

0.73

0.76

0.89

Gross Expense Ratio (%)

0.05

Net Expense Ratio^ (%)

0.04

30 Day SEC Yield (%)

3.64

30 Day SEC Yield Unsubsidized (%)

3.63

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 09/23/2019, the SPDR® Portfolio Mortgage Backed Bond ETF wasknown as the SPDR® Bloomberg Barclays Mortgage Backed Bond ETF.
Prior to 09/23/2019, the ticker for SPMB was MBG.
Prior to 8/24/2021, the Bloomberg U.S. MBS Index was known as the Bloomberg
Barclay U.S. MBS Index.
^ SSGA Funds Management, Inc. (the “Adviser”) has contractually agreed towaive a portion of its management fee and/or reimburse expenses in an amountequal to any acquired fund fees and expenses (excluding holdings in acquired
funds for cash management purposes, if any) until October 31, 2024. This waiver
and/or reimbursement does not provide for the recoupment by the Adviser of
any amounts waived or reimbursed. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser
will do so and the waiver and/or reimbursement may be cancelled or modified
at any time after October 31, 2024. This waiver and/or reimbursement may not
be terminated prior to October 31, 2024 except with the approval of the Fund’s
Board of Trustees.

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

1Maturity Ladder

Characteristics

Weight (%)

Average Yield To Worst

5.23%

0 - 1 Year

0.31

Number of Holdings

2,434

1 - 2 Years

0.23

Option Adjusted Duration

6.10

2 - 3 Years

0.47

Option Adjusted Spread

46.2

3 - 5 Years

7.24

5 - 7 Years

12.92

7 - 10 Years

60.71

10 - 15 Years

18.12

Top Sectors

Weight (%)

Mortgage Backed Securities

99.72

Cash

0.28

Quality Breakdown

Weight (%)

Aaa0.28

Aa99.71

Totals may not equal 100 due to rounding.

ssga.com
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 (typically
4:00PM 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.
30 Day SEC Yield (Unsubsidized Yield) An
annualized yield that is calculated by dividing
the net investment income earned by the fundover the most recent 30-day period by thecurrent maximum offering price that does notaccount for expense ratio waivers.
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 by
calculating the return that would be received
if the issuer uses provisions, including
prepayments. When aggregating YTW for a
portfolio level statistic, the weighted averageof the YTW and market value for eachsecurity is used.
Option Adjusted Duration An optionadjusted measure of a bond’s (or portfolio’s)
sensitivity to changes in interest rates
calculated as the average percentage change
in a bond’s value (price plus accrued interest)
under shifts of the Treasury curve +/- 100bps. Incorporates the effect of embedded
options for corporate bonds and changes in

prepayments for mortgage-backed securities.
Option Adjusted Spread A measurement ofa fixed-income security rate and the risk-freerate of return, which is then adjusted to take
into account an embedded option.
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
are listed as Aaa; AA1, AA2, and AA3 are listed
as Aa, etc.
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 bereproduced, 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.
Investments in mortgage securities aresubject to prepayment risk, which can limit thepotential for gain during a declining interest
rate environment and increase the potential
for loss in a rising interest rate environment.
The mortgage industry can also be
significantly affected by regulatory changes,
interest rate movements, home mortgage
demand, refinancing activity, and residential
delinquency trends.
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 creditrisk; liquidity risk; and inflation risk. These
effects are usually pronounced for longer-termsecurities. Any fixed income security sold orredeemed prior to maturity may be subject toa substantial gain or loss.
The Fund is classified as “diversified” underthe Investment Company Act of 1940, as
amended (the “1940 Act”); however, the Fund
may become “non-diversified,” as defined
under the 1940 Act, solely as a result of
tracking 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 of
securities 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

2Indices LLC or its affiliates (“S&P DJI”) andhave 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”); DowJones® 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 sublicensed
for certain purposes by State Street GlobalAdvisors. 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. MBS 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 havebeen licensed for use for certain purposesby State Street Global Advisors. Bloomberg
is not affiliated with State Street Global
Advisors, and Bloomberg does not approve,endorse, review, or recommend SPDR Portfolio
Mortgage Backed Bond ETF. Bloomberg does
not guarantee the timeliness, accurateness,or completeness of any data or information
relating to SPDR Portfolio Mortgage
Backed Bond ETF.
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.

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: 5997794.1.5.AM.RTL
Expiration Date: 10/31/2024
ETF-SPMB 20240715/10:51©