State Street® SPDR® S&P® U.S. Dividend Aristocrats Screened UCITS ETF (Dist)Index, costs, backtest, listings and taxation

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Investment objective The objective of the Fund is to track the U.S. equity market performance of certain high dividend-yielding equity securities. The Fund seeks to track the performance of the S&P High Yield Dividend Aristocrats Screened Index (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These securities include high-yielding stock from the U.S. equity market that meet the eligibility criteria defined in the S&P High Yield Dividend Aristocrats Index, "the Standard Index", in addition the Index aims to exclude certain stocks based on their ESG characteristics considering both their ESG rating, and their involvement in certain controversial business activities as outlined in the index methodology. The remaining securities are then weighted according to the size of their dividend. 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% of the Fund's net asset value. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. The Fund will use a replication strategy to create a near mirror-image of the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund promotes environmental or social characteristics in accordance with SFDR Article 8. These environmental and social characteristics are detailed in the SFDR Annex of the Fund's Supplement. 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. Market prices may be greater or less than the daily net asset value of the Fund. The Fund does not currently engage in securities lending. The Shares of the USD Class are issued in U.S. Dollar. Any income earned by the Fund will be paid to shareholders in respect of the shares. 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. 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 investorAt least 90% of the Fund's assets are invested in securities that are constituents of the Index, while the index provider applies ESG Ratings on all of the Index constituents. It is expected that the resulting portfolio ESG rating will be higher than than the ESG rating of a Fund tracking the Standard Index. This 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. The index excludes at least 20% of the least well-rated securities compared to the Standard Index universe , so it is therefore expected that the Fund's resulting ESG rating will be higher than the ESG rating of a Fund tracking the Standard Index. There may be potential inconsistencies, inaccuracy or lack of availability of the ESG data, particularly when issued by external data providers. There may also be potential inconsistencies with the ESG screening methodology of the Index (criteria, approaches, constraints). Details about the limits are described in the Supplement. Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

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