State Street SPDR S&P 500 UCITS ETF - USD DIS ETF

The objective of the Fund is to track the U.S. equity market performance of large cap equity securities. The Fund seeks to track the performance of the S&P 500 Index (the 'Index') as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). The Fund invests primarily in securities included in the Index. These securities include the top 500 companies in the U.S. equity market. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. Although the Index is generally well diversified, to enable the Fund to track the Index accurately, the Fund will make use of the increased diversification limits available under the UCITS Regulations, which permit it to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund's net asset value. The Fund will use a replication strategy to create a near mirrorimage of the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently.