| Investment Objective: |
The State Street IG Public & Private ABS ETF (the "Fund") seeks to maximize risk-adjusted returns and provide current income. The fund invests in a portfolio of investment grade asset-backed securities ("ABS"), including a combination of (i) public ABS and (ii) private ABS including, but not limited to, those sourced by Apollo Global Securities, LLC ("Apollo"). Investment-grade ABS are instruments that are rated at the time of purchase BBB- or higher. The Fund intends to invest in ABS of any kind. The Fund intends to invest in private ABS, which refers to a wide range of credit instruments, such as instruments that are directly originated, issued in private offerings, issued to private companies, and/or issued to borrowers by non-bank lenders (i.e., non-bank lending instruments), including, but not limited to, private ABS sourced by Apollo (each such instrument, an "AOS Investment"). The Adviser actively-manages the Fund using a risk-aware, top-down approach combined with bottom-up security selection to construct a portfolio that seeks to overweight the most attractive sectors and issuers. |
