| Investment Objective: |
State Street SPDR S&P Dividend ETF seeks to track the performance of the S&P High Yield Dividend Aristocrats Index. The Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. The Index is designed to measure the performance of the highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. The Parent Index is designed to measure the performance of the broad exchange-traded US equity securities universe. To be eligible for inclusion in the Index, a company must also (i) have a float-adjusted market capitalization of at least $2 billion and (ii) have a minimum three-month average daily value traded of at least $5 million. Stocks within the Index are weighted by indicated yield (annualized gross dividend payment per share divided by price per share), subject to the following constraints: (i) no stock can have a weight greater than 4% in the Index; (ii) no stock can have a weight greater than 30 times its weight in the Parent Index; and (iii) no stock can have a weight greater than the ratio of its three-month average daily value traded divided by $2 billion. |
