CORRECTING and REPLACING State Street Global Advisors Continues to Strengthen its High Yield Fixed Income ETF Offering

Please replace the release dated March 1, 2019 with the following corrected version due to multiple revisions.

The corrected release reads: 

STATE STREET GLOBAL ADVISORS CONTINUES TO STRENGTHEN ITS HIGH YIELD FIXED INCOME ETF OFFERING

Enhancements to two SPDR Fixed Income ETFs designed to meet evolving needs of today’s investors

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced several enhancements to two high yield bond ETFs with a combined $8.8 billion in assets. A 1:3 reverse share split will be implemented to reduce trading costs for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK). In addition, the SPDR ICE BofAML Crossover Corporate Bond ETF (CJNK) will change its index strategy and name, and decrease its expense ratio by 25 basis points to provide investors with low cost, broad high yield exposure.

“With over $400 billion in indexed fixed income assets and more than 100 fixed income professionals, we are a leader in fixed income investing. As such, we are continuously looking for opportunities to develop and refine solutions that better meet the needs of investors,” said Noel Archard, global head of SPDR product. “JNK’s increased share price will appeal to investors who favor its large trading volumes and optionality, and with CJNK’s lower expense ratio and new index strategy, we are able to offer diversified, low cost exposure to investors who view high yield as a strategic asset class in buy-and-hold portfolios.”

Reverse Share Split to Reduce Trading Costs

The 1:3 reverse share split for the SPDR Bloomberg Barclays High Yield Bond ETF raises its share price to approximately $105, helping to reduce trading costs for clients seeking liquid exposure to high yield bonds. The shares will trade at their post-reverse split price effective May 6, 2019.

As a result of the planned action, shareholders of JNK have the potential to hold fractional shares; the treatment of those shares will be dependent upon custodial relationships, with some shareholders receiving cash in lieu of fractional shares.

Lower Expense Ratio and New Index Strategy

Effective on April 1, 2019, the SPDR ICE BofAML Crossover Corporate Bond ETF will change its underlying index, fund name and net expense ratio as detailed below.

State Street Global Advisors’ SPDR ETF offering now includes 140 US-listed SPDR ETFs representing over $601 billion in assets.2

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.

About State Street Global Advisors

For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with nearly US $2.51 trillion* under our care.

* This figure is presented as of December 31, 2018 and includes approximately $32.44 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Important Information

Investing involves risk including the risk of loss of principal.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 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. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

Not FDIC Insured • No Bank Guarantee • May Lose Value

2460069.1.1.AM.RTL
Expiration date: 03/01/2020

1 As of 2/27/2019
2 Source: Bloomberg Finance L.P., as of 01/31/2019

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