State Street Global Advisors Launches Actively Managed SPDR® ETFs

State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced that the SPDR® SSgA Multi-Asset Real Return ETF (Symbol: RLY), the SPDR SSgA Income Allocation ETF (Symbol: INKM), and the SPDR SSgA Global Allocation ETF (Symbol: GAL) began trading on the NYSE Arca on April 26, 2012. The new funds, which are actively managed by SSgA’s Investment Solutions Group (ISG), provide investors and advisors with access to the firm’s institutional asset management expertise.

“The launch of these three new actively managed SPDR ETFs opens a new chapter in our longstanding commitment to democratizing access to institutional asset classes, strategies, and expertise,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In providing a convenient, cost effective vehicle for investors and financial advisors to benefit from SSgA’s experience in global tactical asset allocation, our actively managed ETFs are an innovative addition to the SPDR ETF family.”

Designed to capture inefficiencies that occur due to temporary mis-pricings in the market, SSgA’s first actively managed SPDR ETFs feature tactical asset allocation strategies that are built on a disciplined risk-managed quantitative process that is supplemented with fundamental analysis. The new funds, which are powered by multiple exchange traded products, include:

SPDR SSgA Multi-Asset Real Return ETF: seeks to achieve a real return consisting of capital appreciation and current income by utilizing a fund-of-funds structure to invest in multiple exchange traded products representing asset classes, such as inflation protected securities, real estate, commodities, and natural resources. Its annual expense ratio is 0.70%.

SPDR SSgA Income Allocation ETF: seeks to provide exposure to income and yield-generating investments using a fund-of-funds structure that invests in multiple exchanged traded products representing asset classes, such as domestic and international equities, investment grade and high yield debt securities, hybrid equity/debt securities (preferred stock and convertible securities), and real estate. Its annual expense ratio is 0.70%.

SPDR SSgA Global Allocation ETF: seeks to provide income, capital preservation, and low volatility using a fund-of-funds structure that invests in multiple exchange traded products and a SSgA money market fund representing asset classes, such as domestic and international equities, real estate, debt securities, and cash. Its annual expense ratio is 0.35%.

SSgA’s Investment Solutions Group, a dedicated team of investment professionals that manages more than $160 billion in assets across a wide range of tactical and strategic asset allocation portfolios, will manage the new SPDR active asset allocation ETFs. When implementing tactical asset allocation portfolios, the ISG relies on a dynamic approach to identifying risk environments and multi-factor quantitative models, with a layer of qualitative analysis by applying market insight and experience to the models.

“Our actively managed ETFs take advantage of a wide range of underlying asset classes to provide broadly diversified, global portfolios with a time tested, tactical allocation process that adds value by capturing new market opportunities,” said Dan Farley, senior managing director and chief investment officer for SSgA’s ISG. “In today’s low yield, volatile market, we look forward to helping financial advisors and investors benefit from emerging investment opportunities with this new suite of actively managed SPDR ETFs.”

State Street manages more than $307** billion in SPDR ETF assets worldwide (as of March 31, 2011) 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. $69 billion as of March 31, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.

Important Risk Information

ETFs trade like stocks, 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.

Actively managed ETFs do not seek to replicate the performance of a specified index.

“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.

Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 866.787.2257 or visit www.spdrs.com. Read it carefully.

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