SPDR Portfolio Intermediate Term Treasury ETF (SPTI)

The investment objective is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the intermediate-term sector of the United States Treasury market.

The fund seeks to track the Bloomberg 3-10 Year U.S. Treasury Index (the "Index") by employing a sampling strategy. This means that the fund is not required to purchase all of the securities represented in the Index. Instead, the fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics as the Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. In addition, in seeking to track the Index, the fund may invest in debt securities that are not included in the Index. The fund may also invest in cash and cash equivalents or money market instruments.