SSgA Upromise 529 Plan Tops $1 Billion In Assets

  SSgA Upromise 529 Plan Tops $1 Billion In Assets

Business Wire

BOSTON -- February 6, 2013

State Street Global Advisors (SSgA)*, the asset management business of State
Street Corporation (NYSE: STT), today announced that assets in the SSgA
Upromise® 529 Plan have surpassed $1 billion. The SSgA Upromise 529 Plan is
the nation’s largest 529 plan featuring an investment lineup predominately
composed of exchange traded funds (ETFs).

“This milestone represents a successful start for the SSgA Upromise 529 Plan,”
said Steve Coyle, managing director and head of the U.S. Sub-Advisory group at
State Street Global Advisors. “While ETFs are relatively new to the 529
market, we’re confident their use will grow rapidly as families saving for
college better understand their core benefits.”

Launched in April 2012 in partnership with the State of Nevada and Upromise
Investments, Inc., the SSgA Upromise 529 (the plan) is designed to lower costs
and simplify investment choices for families saving for college. The Plan
offers static portfolio options that invest in individual SPDR® exchange
traded funds (ETFs) and college-date and risk-based portfolio options managed
by SSgA’s Investment Solutions Group, a dedicated team of investment
professionals who develop customized solutions tailored to specific needs. The
group specializes in managing and advising investors on asset allocation, risk
management, portfolio construction and plan implementation. The Plan also
offers a Savings Portfolio that invests in the Sallie Mae High Yield Savings
Account. Upromise Investments, Inc., a leading administrator of 529 college
savings plans, is the program manager.

State Street manages more than $340** billion in SPDR ETF assets worldwide (as
of December 31, 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. $72.2 billion
as of December 31, 2012), for which State Street Global Markets, LLC, an
affiliate of State Street Global Advisors serves as the marketing agent.

For more information about the SSgA Upromise 529 Plan call 1-800-587-7305 or
visit www.ssga.upromise529.com to obtain a Plan Description and Participation
Agreement. Investment objectives, risks, charges, expenses, and other
important information are included in the Plan Description; read and consider
it carefully before investing. Upromise Investments, Inc., Distributor.

If you are not a Nevada taxpayer, consider before investing whether your or
the beneficiary’s home state offers any state tax or other benefits that are
only available for investments in such state’s qualified tuition program.

The SSgA Upromise 529 Plan (Plan) is administered by the Board of Trustees of
the College Savings Plans of Nevada (Board), chaired by Nevada State Treasurer
Kate Marshall. Upromise Investments, Inc. (UII) serves as the Program Manager.
UII has overall responsibility for the day-to-day operations including
distribution of the Plan and provision of certain marketing services for the
Plan. State Street Global Advisors (SSgA) serves as Investment Manager for the
Plan except for the Savings Portfolio, which is managed by Sallie Mae Bank,
and also provides or arranges for certain marketing services for the Plan. The
Plan’s Portfolios invest in either (i) Exchange Traded Funds and mutual funds
offered or managed by SSgA or its affiliates; or (ii) a Federal Deposit
Insurance Corporation (FDIC)-insured omnibus savings account held in trust by
the Board at Sallie Mae Bank. UII and Sallie Mae Bank are affiliates. Except
for the Savings Portfolio, investments in the Plan are not insured by the
FDIC. Units of the Portfolios are municipal securities and the value of units
will vary with market conditions. Investment returns will vary depending upon
the performance of the Portfolios you choose. Except to the extent of FDIC
insurance available for the Savings Portfolio, you could lose all or a portion
of your money by investing in the Plan, depending on market conditions.
Account Owners assume all investment risks as well as responsibility for any
federal and state tax consequences. State Street Global Advisors and SSgA are
registered trademarks of State Street Corporation. All other marks are the
exclusive property of their respective owners.

CORP-0675

Contact:

State Street Global Advisors
Anne McNally, +1-617-664-8576
or
SallieMae
Debby Hohler,  +1-617-454-6741
or
River Communications
Troy Mayclim,  +1-914-686-5599
 
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