# EDGAR Filing Document

**Accession Number:** 0001516212
**File Stem:** 0001193125-25-320729
**Filing Date:** 2025-12
**Character Count:** 7084
**Document Hash:** d779b7380576995aeb8bd6d42711027d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-320729.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0001193125-25-320729

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**EFFECTIVENESS DATE**: 20251216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SSGA Active Trust
- **CENTRAL INDEX KEY:** 0001516212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-173276
- **FILM NUMBER:** 251574835

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 6176643920

**MAIL ADDRESS:**
- **STREET 1:** ONE CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SSgA Active Trust
- **DATE OF NAME CHANGE:** 20141208

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SSgA Active ETF Trust
- **DATE OF NAME CHANGE:** 20110322

## Series and Classes Contracts Data

### State Street(R) Blackstone High Income ETF (Series ID: S000075269)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000234159 | State Street(R) Blackstone High Income ETF | HYBL            |

**SSGA ACTIVE TRUST** 

**State Street Blackstone High Income ETF** 

**(the "Fund")** 

*Supplement dated December 16, 2025 to the Prospectus and Summary Prospectus,* 

*each dated October 31, 2025, as may be supplemented from time to time* 

**Effective January 15, 2026 (the "Effective Date"), the Fund's principal investment strategy will be revised to include investing in repurchase agreements and entering into reverse repurchase agreements. Accordingly, as of the Effective Date:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **The "*Other Investments*" sub-section of the "*THE FUND'S PRINCIPAL INVESTMENT STRATEGY*" section in the Fund's Prospectus and Summary Prospectus is deleted in its entirety and replaced with the following:** 

*Other Investments* 

In seeking to achieve risk-adjusted returns, the Fund may also invest in bonds and CLOs rated investment grade as measured at the time of investment. The Fund may also invest in US Treasuries and Notes, and Federal Agency issued securities for cash management purposes. The Fund may also invest in repurchase agreements and may enter into reverse repurchase agreements to reduce cash drag. The Fund may invest in derivatives including futures and forward contracts, and swaps (including total return swaps, and interest rate and credit default swaps) to manage yield, interest rate exposure (also known as duration), weighted average maturity, and exposure to credit quality. In addition, the Fund may use government bond futures for hedging purposes. The Fund may also invest in exchange traded funds ("ETFs") as a way to gain exposure to certain asset classes and/or securities that are consistent with the principal investment strategy of the Fund. The Fund may invest in certain ETFs that pay fees to the Adviser and its affiliates for management, marketing or other services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **The following discussions are added to the "*PRINCIPAL RISKS OF INVESTING IN THE FUND*" section in the Fund's Prospectus and Summary Prospectus:** 

**Repurchase Agreement Risk:** Repurchase agreements typically involve the acquisition by the Fund of debt securities from a selling financial institution such as a bank, savings and loan association or broker-dealer. The agreement provides that the Fund will sell the securities back to the institution at a fixed time in the future. Repurchase agreements may be viewed as loans made by the Fund which are collateralized by the securities subject to repurchase. If the Fund's counterparty should default on its obligations and the Fund is delayed or prevented from recovering the collateral, or if the value of the collateral is insufficient, the Fund may realize a loss.

**Reverse Repurchase Agreement Risk:** Reverse repurchase agreements involve both counterparty risk and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. Reverse repurchase agreements involve leverage risk; the Fund may lose money as a result of declines in the values both of the security subject to the reverse repurchase agreement and the instruments in which the Fund invested the proceeds of the reverse repurchase agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **The "Collateralized Loan Obligation Risk" in the "*PRINCIPAL RISKS OF INVESTING IN THE FUND*" section in the Fund's Prospectus and Summary Prospectus is deleted and replaced with the following:** 

**Collateralized Loan Obligation Risk:** The risks of an investment in a collateralized loan obligation depend largely on the type of the collateral securities and the class of the collateralized loan obligation in which the Fund invests. Collateralized loan obligations are generally subject to credit, interest rate, valuation, liquidity, leverage, prepayment and extension risks. These securities also are subject to risk of default on or modification of the underlying asset, particularly during periods of economic downturn. Collateralized loan obligations carry additional risks including, but not limited to, (i) the possibility that distributions from collateral securities will not be adequate to make interest of other payments, (ii) the collateral may decline in value or default, (iii) the Fund may invest in obligations that are subordinate to other classes, and (iv) the complex structure of the security may not be fully understood at the time of investment and produce disputes with the issuer or unexpected investment results. Collateralized loan obligations are divided into two or more classes, called "tranches," each with a different credit rating and risk/return profile. Tranches are categorized as senior, mezzanine and subordinated/equity, according to their degree of credit risk. If there are defaults or the collateralized loan obligation's collateral otherwise underperforms, scheduled payments to senior tranches take precedence over those of mezzanine tranches, and scheduled payments to mezzanine tranches take precedence over those of subordinated/equity tranches. Senior and mezzanine tranches are typically rated. The ratings reflect both the credit quality of underlying collateral as well as how much protection a given tranche is afforded by tranches that are subordinate to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **The risk chart within the "ADDITIONAL RISK INFORMATION" section of the Prospectus is updated to reflect that "Repurchase Agreement Risk" and "Reverse Repurchase Agreement Risk" are principal risks of the Fund.** 

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE** 

121625SUPP2