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State Street Global Advisors Launches Pair of SPDR® Tilt ETFs



  State Street Global Advisors Launches Pair of SPDR® Tilt ETFs

New SPDR ETFs Designed to Provide Precise Access to Value and Momentum Stocks

Business Wire

BOSTON -- October 25, 2012

State Street Global Advisors (SSgA)*, the asset management business of State
Street Corporation (NYSE: STT), today announced that the SPDR S&P 1500 Value
Tilt ETF (Symbol: VLU) and the SPDR S&P 1500 Momentum Tilt ETF (Symbol: MMTM)
began trading on the NYSE Arca on October 25, 2012. The new SPDR ETFs offer
investors an opportunity to access potential sources of outperformance with
advanced indexing methodologies that reconfigure how index components are
weighted.

The SPDR S&P 1500 Value Tilt ETF seeks to track the performance of the S&P
1500 Low Valuation Tilt Index. The Index applies an alternative weighting
methodology to the S&P 1500 Index so that stocks with relatively low
valuations are overweight relative to the S&P 1500 Index and stocks with
relatively high valuations are underweight. In constructing the Index,
Standard & Poor’s, Inc. estimates the valuation of each stock in the S&P 1500
Index based on the ratio of its price to its level of earnings, cash flow,
sales, book value, and dividends.

The weight of each stock in the Index is proportionate to its market
capitalization and sub-portfolio allocation. The Index is rebalanced annually,
and as of 9/30/12 it included approximately 1,472 securities. The SPDR S&P
1500 Value Tilt ETF’s expense ratio is 0.35 percent.

“Providing advisors and investors with unique opportunities to take advantage
of sources of outperformance relative to standard cap-weighted indexes and
combining the advantages of value and momentum tilt investing with the
benefits of exchange traded funds, our new SPDR Tilt ETFs further illustrate
the growing popularity of advanced beta investment strategies,” said James
Ross, senior managing director and global head of SPDR Exchange Traded Funds
and head of Intermediary Distribution at State Street Global Advisors. “We
have strong expertise in the advanced beta space which we define as an
objective, consistent, transparent process for capturing some investment
exposure, while retaining the benefits of traditional indexing.”

The SPDR S&P 1500 Momentum Tilt ETF seeks to track the performance of the S&P
1500 Positive Momentum Tilt Index. The Index applies an alternative weighting
methodology to the S&P 1500 Index so that stocks with relatively high momentum
are overweight relative to the S&P 1500 Index and stocks with relatively low
momentum are underweight. In constructing the Index, Standard & Poor’s, Inc.
estimates the momentum of each stock in the S&P 1500 Index based on its price
performance over the 11 months ending one month before the index rebalancing
date, and ranks all 1,500 Index constituents in order of momentum.

The weight of each stock in the Index is proportionate to its market
capitalization and sub-portfolio allocation. The Index is rebalanced
quarterly, and as of 9/30/12, included approximately 1,491 securities. The
SPDR S&P 1500 Momentum Tilt ETF’s expense ratio is 0.35 percent.

“The launch of the SPDR S&P 1500 Value Tilt ETF and the SPDR S&P 1500 Momentum
Tilt ETF build on SSgA’s long-standing expertise in managing both traditional
and non-traditional index strategies and underscore our commitment to
developing innovative ETFs that further expand the investment solutions
toolkit for clients of every size,” Ross continued.

State Street manages more than $337** billion in SPDR ETF assets worldwide (as
of September 30, 2012) 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 the industry pioneer, State Street created
the first 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.

*SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment
adviser and wholly owned subsidiary of State Street Bank& Trust Company.

**This AUM includes the assets of the SPDR Gold Trust (approx. $75.3 billion
as of September 30, 2012), 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.

Risk associated with equity investing include stock values which may fluctuate
in response to the activities of individual companies and general market and
economic conditions.

The Fund employs a value style of investing that emphasizes undervalued
companies with characteristics for improved valuations, which may never
improve and may actually have lower returns than other styles of investing or
the overall stock market.

The Fund employs a momentum style of investing that emphasizes investing in
securities that have had higher recent price performance compared to other
securities, which is subject to the risk that these securities may be more
volatile and can turn quickly and cause significant variation from other types
of investments.

"SPDR" is a registered trademark of Standard & Poor Financial Services LLC
("S&P") and has been licensed for use by State Street Corporation. 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
shares, MidCap SPDRs and Dow Jones Industrial Average, all unit investment
trusts and Select Sector SPDRs.

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.

Corp-0597

Contact:

State Street Corporation
Marie McGehee, +1 617-664-1898
www.statestreet.com
or
For State Street Corporation
Troy Mayclim, +1 914-686-5599
www.riverinc.com
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