You are visiting Belgium's Institutional Capabilities site as an Investment Professional Select a location United States United Kingdom Japan / 日本 Australia Austria / Österreich Belgium Czech Republic Denmark Finland France Germany / Deutschland Greece Hong Kong / 香港 Iceland Ireland Italy / Italia Japan / 日本 Luxembourg Netherlands / Nederland New Zealand Norway Poland Portugal Singapore Spain Sweden Switzerland / Schweiz United Arab Emirates United Kingdom United States Country Not Listed Belgium I am an Institutional Investor Investment Professional Investment Professional Select a Site ETFs Institutional Capabilities Cash Institutional Capabilities IMPORTANT ACCESS DISCLOSURE By accessing this section of the website, you are confirming that you are authorised to conduct investment business in Belgium, and that you are authorised under the laws of Belgium to handle material relating to investments, investment views and research that are made available only to professional investors. Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that State Street Global Advisors (“SSGA”), a division of State Street Bank and Trust Company, makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed at this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties. This website is operated by SSGA. This section of the website is only directed at Belgian financial advisors that qualify as, or are otherwise acting on behalf of, professional investors (within the meaning of Article 5, Section 3 of the Belgian Law of 20 July 2004 on certain forms of collective investment undertakings and as extended by the Royal Decree of 26 September 2006) and is not suitable for individual investors, as this section of the website contains information on alternative investment funds (AIFs), Undertakings for Collective Investment in Transferable Securities (“UCITS”) that are not registered for public offering in Belgium with the Belgian Financial Services and Markets Authority, and certain advisory products and services. If you are an individual investor, please leave this section of the website immediately. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Certain of the funds and advisory products and services referenced on this website may be managed or offered/provided by affiliates of SSGA, certain of which may be registered or otherwise licensed to conduct business in Belgium. Additionally, certain of the funds described in the following pages may be marketed in certain jurisdictions only. By accessing this website, you are confirming that you agree to the Terms and Conditions of this website and that you are based in Belgium and are (or are acting on behalf of) a professional investor. The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and SSGA is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund or advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. SSGA recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described in this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements). Investment in any of the advisory products or services described in this website should only be made on the basis of the terms and conditions of the related investment management agreement. All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, SSGA may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this Agreement or otherwise on the SSGA website. GENERAL RISK FACTORS You should be aware that past performance is not a reliable indicator of future performance. Please note that the price of investments and the income from them can fall as well as rise and you may not get back the amount originally invested. Income receivable may vary from the amount of income projected at the time of making the investment. Exchange rate fluctuations may affect the value of an investment and any income derived from it. Fund investors exercising any right to redeem units/shares of any fund may not get back the amount initially invested if the unit or share price has fallen since the initial investment. Deductions for charges and expenses, particularly the initial charge (if any), are not made uniformly throughout the life of the investment, so fund investors redeeming out of the fund during the early years may not get back the amount invested. There can be no guarantee that the tax position or proposed tax position prevailing at the time of an investment will not change. Dividends and capital gains on securities may be subject to withholding taxes imposed by the countries in which the investments are held. Fund investors must read the most recent applicable offering documents (including any relevant supplements) for a summary of the risk factors pertaining to the investment. Please note, however, that no summary of risk factors is exhaustive, and there may be other risks that could affect your investment. The information provided on this website is not intended for distribution to, or use by, any person or entity in the United States, or in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject any of the funds described herein, SSGA (including its affiliates) or any of their products or services to any registration, licensing or other authorisation requirement within such jurisdiction or country. Nothing on this website shall be considered a solicitation to buy or sell a security, product or service (including advisory service) to any person. HYPERLINKS SSGA does not recommend or endorse and accepts no responsibility for the content of any website not operated by SSGA which you may visit by following a link from this website. You acknowledge and agree that neither SSGA nor any of its affiliates is responsible for the availability of such third-party websites or resources, does not endorse, approve, investigate or verify, and is not responsible or liable for any content, advertising, products, or other materials on or available from such websites or resources. You further agree that neither SSGA nor any of its affiliates shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, products or services available on such external websites or resources. These links are provided as a convenience and solely for informational purposes. SSGA is not making any recommendation to invest in, purchase, or sell any securities or other products or services offered on the linked websites, nor has SSGA sought to verify or confirm the information contained in the linked websites. Accordingly, SSGA disclaims any responsibility for the linked websites. No other website, without the prior written permission of SSGA, is authorized to link to any part of this website. COOKIES SSGA uses cookies for collecting user information from certain pages of this website. A cookie is a file that is stored on the hard disk of a computer by the web browser on a computer. It contains information sent by the website that a user has visited. A cookie identifies users and can store information about them and their use of a website. SSGA uses cookies to keep track of user activity, which allows SSGA to identify which areas of the website are more interesting to the users so that improvements can be made to this website. SSGA expressly reserves the right to monitor any use of this website. I confirm that I have read and accept the Terms and Conditions of using this website and that I am based in Belgium and am (or am acting on behalf of) a professional investor. 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