Adviser and Sub-Adviser
Funds Management, Inc. (“SSGA FM” or the “Adviser”) serves as the investment
adviser to the Fund. Loomis, Sayles & Company, L.P. serves as investment
sub-adviser to the Fund, subject to supervision by the Adviser and oversight by
the SSGA Active Trust's Board of Trustees. To the extent that a reference in
this Prospectus refers to the Adviser, with respect to the Fund, such reference
should also be read to refer to Loomis, Sayles & Company, L.P., where the
professionals primarily responsible for the day-to-day management of the Fund
are Kevin Kearns, Andrea DiCenso and Tom Stolberg.
Kearns is a Vice President of the Sub-Adviser and the Leader of the Alpha
Strategies Group. He joined Loomis, Sayles & Company, L.P. in 2007.
DiCenso is a Vice President of the Sub-Adviser and a Co-Portfolio Manager for
the credit asset, world credit asset and emerging market debt blended total
return strategies. She is also a Senior Strategist for the Alpha Strategies
Group. She joined Loomis, Sayles & Company, L.P. in 2006.
Stolberg, CFA, is a Vice President of the Sub-Adviser and a Co-Portfolio Manager
for the multi-asset credit strategies. He joined Loomis, Sayles & Company,
L.P. in 2008.
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. Creation Unit transactions may be conducted in exchange
for cash only, which may cause the Fund to recognize capital gains and to pay
out higher annual capital gain distributions to shareholders than if such
transactions had been conducted in-kind.
Fund Shares may only be purchased and sold on the Cboe BZX Exchange, Inc. (the
“Exchange”), 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 a tax-advantaged arrangement may be taxable
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 the sale or promotion of the
Fund. These payments may create a conflict of interest by influencing the
broker-dealer or other intermediary and your salesperson to recommend the Fund
over another investment. Ask your salesperson or visit your financial
intermediary's website for more information.