CORRECTING and REPLACING State Street Global Advisors Launches IJNK, New SPDR International Bond ETF Broadens Global High Yield Exposure for Investors

CORRECTION...by State Street Corporation

BOSTON--()--Third graph, first sentence of release should read: The SPDR Barclays International High Yield Bond ETF seeks to track the performance of the Barclays Global HY ex-US Domiciled 350mn+ Cash Pay Index (sted The SPDR Barclays International High Yield Bond ETF seeks to track the performance of the Barclays Global ex-US Issuers High Yield Corporate Bond Index).

The corrected release reads:

STATE STREET GLOBAL ADVISORS LAUNCHES IJNK, NEW SPDR INTERNATIONAL BOND ETF BROADENS GLOBAL HIGH YIELD EXPOSURE FOR INVESTORS

State Street Global Advisors (SSgA), the asset management arm of State Street Corporation (NYSE:STT), today announced the launch of the SPDR Barclays International High Yield Bond ETF (Symbol: IJNK). It is designed to provide investors with access to high yield corporate bonds outside the US, which may have lower correlations and default rates to comparable domestic options. The newest SPDR ETF began trading on NYSE Arca on March 13, 2014.

“Investors are unsure of how to replace the high-grade fixed income assets that were once the foundation of their portfolios,” said James Ross, executive vice president and global head of SPDR Exchange Traded Funds at SSgA. “The SPDR Barclays International High Yield Bond ETF provides investors with another opportunity to diversify their high yield exposure, and is an important addition to our existing suite, which includes the SPDR Barclays High Yield Bond ETF (JNK), the SPDR Barclays Short Term High Yield Bond ETF (SJNK) and the SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB).”

The SPDR Barclays International High Yield Bond ETF seeks to track the performance of the Barclays Global HY ex-US Domiciled 350mn+ Cash Pay Index. The index is designed to be a measure of the international high yield, fixed rate, fixed income corporate markets outside the US. The securities in the index must have a minimum $350 million market capitalization outstanding in local currency terms and at least one year remaining to maturity. Additionally, securities must be rated high yield (Ba1/BB+/BB+ or below) using the middle rating of Moody’s Investors Service, Standard & Poor’s and Fitch. Excluded from the index are convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, linked bonds and structured products. As of February 28, 2014, the index was comprised of 716 securities from 46 countries outside the US. The SPDR Barclays International High Yield Bond ETF’s expense ratio is 0.40 percent.

SSgA manages more than $413 Billion in SPDR ETF assets worldwide (as of December 31, 2013)* and is one of the largest ETF providers globally.

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 Bank and Trust Company. The funds provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through 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

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.

*This AUM includes the assets of the SPDR Gold Trust (approx. $30.8 billion as of December 31, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.

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.

"SPDR" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. STANDARD & POOR'S, S&P, S&P 500 and S&P MIDCAP 400 are registered trademarks of Standard & Poor's Financial Services LLC No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors' rights are described in the prospectus for the applicable product.

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.

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

The Fund invests by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the Fund to experience tracking errors relative to performance of the index.

Investing in high yield fixed income securities, otherwise known as “junk bonds”, is considered speculative and involves greater risk of loss of principal and interest than investing in investment grade fixed income securities. These Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; issuer credit risk; liquidity risk; and inflation risk.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Diversification does not ensure a profit or guarantee against loss.

CORP-0973

Contacts

State Street Corporation
Elizabeth Bartlett, +1 617-662-2903
www.statestreet.com
@StateStreet
or
River Communications
Troy Mayclim, +1 914-686-5599

Sharing

Contacts

State Street Corporation
Elizabeth Bartlett, +1 617-662-2903
www.statestreet.com
@StateStreet
or
River Communications
Troy Mayclim, +1 914-686-5599