Annual Total Returns (for periods ended
The after-tax returns presented
in the table below are calculated using highest historical individual federal
marginal income tax rates and do not reflect the impact of state and local
taxes. Your actual after-tax returns
will depend on your specific tax situation and may differ from those shown
below. After-tax returns are not relevant to investors who hold Fund Shares
through tax-advantaged arrangements, such as 401(k) plans or individual
retirement accounts. The returns after taxes can
exceed the returns before taxes or the Index returns due to the application
of foreign tax credits and/or an assumed tax benefit for a shareholder from
realizing a capital loss on a sale of Fund
After Taxes on Distributions
After Taxes on Distributions and Sale of Fund Shares
Developed Ex-U.S. BMI Index (reflects no deduction for fees, expenses or
taxes other than withholding taxes on reinvested dividends)
ACWI ex USA Index (reflects no deduction for fees, expenses or taxes other
than withholding taxes on reinvested dividends)
FM serves as the investment adviser to the Fund.
professionals primarily responsible for the day-to-day management of the Fund
are Michael Feehily, Karl Schneider and Kala O'Donnell.
Feehily, CFA, is a Senior Managing Director of the Adviser and the Head of
Global Equity Beta Solutions in the Americas. He worked at the Adviser from 1997
to 2006 and rejoined in 2010.
Schneider, CAIA, is a Managing Director of the Adviser and Deputy Head of Global
Equity Beta Solutions in the Americas. He joined the Adviser in 1997.
O'Donnell is a Vice President of the Adviser and a Senior Portfolio Manager in
the Global Equity Beta Solutions Group. She joined the Adviser in 1995.
and Sale Information
Fund will issue (or redeem) Fund Shares to certain institutional investors
(typically market makers or other broker-dealers) only in large blocks of Fund
Shares known as “Creation Units.” Creation Unit transactions are conducted in
exchange for the deposit or delivery of a designated portfolio of in-kind
securities and/or cash.
Fund Shares may only be purchased and sold on the NYSE Arca, Inc., other
national securities exchanges, electronic crossing networks and other
alternative trading systems through your broker-dealer at market prices. Because
Fund Shares trade at market prices rather than at net asset value (“NAV”), Fund
Shares may trade at a price greater than NAV (premium) or less than NAV
(discount). When buying or selling Fund Shares in the secondary market, you may
incur costs attributable to the difference between the highest price a buyer is
willing to pay to purchase Fund Shares (bid) and the lowest price a seller is
willing to accept for Fund Shares (ask) (the “bid-ask spread”). Recent
information regarding the Fund's NAV, market price, premiums and discounts, and
bid-ask spreads is available at https://www.ssga.com/spdrs.
Fund's distributions are expected to be taxed as ordinary income, qualified
dividend income and/or capital gains, unless you are investing through a
tax-advantaged arrangement, such as a 401(k) plan or individual retirement
account. Any withdrawals made from such tax-advantaged arrangement may be
taxable to you.
to Broker-Dealers and Other Financial Intermediaries
you purchase Fund Shares through a broker-dealer or other financial intermediary
(such as a bank), the Adviser or its affiliates may pay the financial
intermediary for certain activities related to the Fund, including educational
training programs, conferences, the development of technology platforms and
reporting systems, or other services related to