State Street® SPDR® S&P Europe Defense Vision UCITS ETF (Acc)Index, costs, backtest, listings and taxation

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Investment objective The investment objective of the Fund is to track the performance of European large, mid and small-sized companies engaged in defense-related activities. Investment policies The investment policy of the Fund is to track the performance of the Index (or any other index determined by the Directors from time to time to track substantially the same market as the Index) as closely as possible, while seeking to minimise as far as possible the tracking difference between the Fund's performance and that of the Index. The Index is comprised of a minimum of 30 European domiciled companies across developed and emerging markets in Europe (excluding Russia) engaged in defense-related activities. This includes i) pure-play defense companies specializing in weapons systems, military equipment, and defense services, ii) other industrial businesses contributing to defense supply chains through activities including naval shipbuilding, production of armoured vehicles, and construction of military facilities and infrastructure, and iii) technology providers delivering secure communications, cybersecurity solutions, and advanced IT systems supporting military operations. Companies which fulfil the domicile, liquidity, size and sector criteria are eligible for selection for inclusion in the Index. Each eligible company is assigned an "Exposure Score" (ranging from 0-1) based on their revenue exposure to defense-related activities. Companies with an Exposure Score of 0 are deemed to have little or no exposure to defence-related activities and are excluded. Index constituents are selected based on their revenue exposure to defense-related activities, and weighted based on the product of their floated-adjusted market capitalisation and the Exposure Score. Index constituents may on occasion be rebalanced more often than the Index Rebalance Frequency, if required by the Index methodology, including for example where corporate actions such as mergers or acquisitions affect components of the Index. Although the Index is generally well diversified, to enable the Fund to track the Index accurately, the Fund will make use of the increased diversification limits available under the UCITS Regulations, which permit it to hold positions in individual constituents of the Index issued by the same body of up to 20% and a position of up to 35% of the Fund's Net Asset Value in constituents of the Index issued by the same body due to exceptional market conditions (i.e. the issuer represents an unusually large portion of this market measured by the Index). The Investment Manager and/or Sub-Investment Manager, on behalf of the Fund, will invest using the replication strategy as further described in the "Investment Objectives and Policies – Index Tracking Funds" section of the Prospectus, primarily in the securities of the Index, at all times in accordance with the Investment Restrictions set forth in the Prospectus. The Investment Manager and/or Sub-Investment Manager also may, in exceptional circumstances, invest in securities not included in the Index but that it believes closely reflect the risk and distribution characteristics of securities of the Index. The equity securities in which the Fund invests will be primarily listed or traded on Recognised Markets in accordance with the limits set out in the UCITS Regulations. Details of the Fund's portfolio and the indicative net asset value per Share for the Fund are available on the Website daily. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/or the day preceding any such day provided that a list of such closed market days will be published for the Fund on www.ssga.com); and any other day at the Directors' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. The Shares of the EUR Class are issued in Euro. Index Source: The Index is a trademark of S&P Global Inc., or its affiliates, and have been licensed for use by S&P Dow Jones Indices LLC ("S&P") and sub-licensed for use to State Street Investment Management ("State Street"). The Fund is not sponsored, endorsed, sold or promoted by S&P, its affiliates, or its third party licensors. Please see the Prospectus for the full index disclaimer.

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Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 5 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

Countries

• BG Saxozero within the savings plan (buys)