performance
analysis for high net worth clients. Prior to Atlantic Trust Company, Ms.
Scofield was a compliance officer at SSGA, where she was responsible for
ensuring equity portfolios met specified guidelines. She also worked as an
operations associate in SSGA's International Structured Products Group. Ms.
Scofield holds a Bachelor of Arts in Economics from Boston College.
Additional
information about the portfolio managers' compensation, other accounts managed
by the portfolio managers, and the portfolio managers' ownership of the Fund is
available in the SAI.
Administrator,
Sub-Administrator, Custodian and Transfer Agent. The Adviser serves as Administrator for the Fund.
State Street, part of State Street Corporation, is the Sub-Administrator for the
Fund and the Custodian for the Fund's assets, and serves as Transfer Agent to
the Fund.
Lending
Agent. State Street is the securities lending
agent for the Trust. For its services, the lending agent would typically receive
a portion of the net investment income, if any, earned on the collateral for the
securities loaned.
Distributor. State Street Global Advisors Funds Distributors, LLC
serves as the Fund's distributor (“SSGA FD” or the “Distributor”) pursuant to
the Distribution Agreement between SSGA FD and the Trust. The Distributor will
not distribute Fund Shares in less than Creation Units, and it does not maintain
a secondary market in Fund Shares. The Distributor may enter into selected
dealer agreements with other broker-dealers or other qualified financial
institutions for the sale of Creation Units of Fund Shares.
Additional
Information. The Board oversees generally the
operations of the Fund and the Trust. The Trust enters into contractual
arrangements with various parties, including among others the Fund's investment
adviser, custodian, transfer agent, and accountants, who provide services to the
Fund. Shareholders are not parties to any such contractual arrangements or
intended beneficiaries of those contractual arrangements, and those contractual
arrangements are not intended to create in any shareholder any right to enforce
them directly against the service providers or to seek any remedy under them
directly against the service providers.
This
Prospectus provides information concerning the Trust and the Fund that you
should consider in determining whether to purchase Fund Shares. Neither this
Prospectus nor the related SAI is intended, or should be read, to be or give
rise to an agreement or contract between the Trust or the Fund and any investor,
or to give rise to any rights in any shareholder or other person other than any
rights under federal or state law that may not be waived.
The
Index Provider is not affiliated with the Trust, the Adviser, the Fund's
Administrator, Sub-Administrator, Custodian, Transfer Agent, SSGA FD or any of
their respective affiliates. The Adviser (“Licensee”) has entered into a license
agreement with the Index Provider pursuant to which the Adviser pays a fee to
use the Index. The Adviser is sub-licensing rights to the Index to the Fund at
no charge.
[ICE
EXCHANGE-LISTED FIXED & ADJUSTABLE RATE PREFERRED SECURITIES INDEX
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