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It can be found in the fund's most recent","page_number":2,"box":{"x":515,"y":702,"width":395,"height":10}},{"id":"47494b85-65c5-4ec9-baf7-808bbd3ce2f3","block_type":"box","text":"prospectus.","page_number":2,"box":{"x":516,"y":716,"width":56,"height":9}},{"id":"9b0cc6c7-04bb-4f7a-bc41-b45662b09a68","block_type":"box","text":"30 Day SEC Yield","page_number":2,"box":{"x":516,"y":733,"width":85,"height":9}},{"id":"7e6c6f16-3bbe-4290-9609-22b7287fe47a","block_type":"box","text":"(Also known as Standardized Yield) An annualized yield that is","page_number":2,"box":{"x":608,"y":732,"width":298,"height":10}},{"id":"0326ffed-f97e-480f-8520-9c5d9b72325d","block_type":"box","text":"calculated by dividing the net investment income earned by the fund over the most","page_number":2,"box":{"x":516,"y":745,"width":400,"height":10}},{"id":"5c40d09f-5d9e-4cec-ae52-9f3a0bd73885","block_type":"box","text":"recent 30-day period by the current maximum offering price.","page_number":2,"box":{"x":516,"y":758,"width":292,"height":10}},{"id":"068e7a06-1ef9-4a31-823d-88390310d4a6","block_type":"box","text":"Index Average Yield to Worst","page_number":2,"box":{"x":516,"y":776,"width":144,"height":10}},{"id":"027196b1-4f65-46a0-8d5f-42adcd934dfe","block_type":"box","text":"The lowest potential yield that can be received on a","page_number":2,"box":{"x":665,"y":776,"width":249,"height":9}},{"id":"f390df12-0120-4438-a3c8-85316ee5d5d5","block_type":"box","text":"bond without the issuer actually defaulting. The YTW is calculated by making","page_number":2,"box":{"x":516,"y":788,"width":371,"height":10}},{"id":"0c075d4c-3350-4d08-a121-de52f799c666","block_type":"box","text":"worst-case scenario assumptions on the issue by calculating the return that would be","page_number":2,"box":{"x":515,"y":801,"width":414,"height":10}},{"id":"5732caee-23c1-42bf-b0d6-4b899348ff6b","block_type":"box","text":"received if the issuer uses provisions, including prepayments. When aggregating YTW","page_number":2,"box":{"x":516,"y":813,"width":414,"height":10}},{"id":"1c859322-4da0-4483-8d7d-6d3994077e4a","block_type":"box","text":"for a portfolio level statistic, the weighted average of the YTW and market value for","page_number":2,"box":{"x":515,"y":826,"width":402,"height":10}},{"id":"53a2c624-3d3c-45a8-af60-60e0a2a1fbff","block_type":"box","text":"each security is used.","page_number":2,"box":{"x":516,"y":839,"width":103,"height":10}},{"id":"65ae6b4c-61b9-4245-b07c-1217df3ac2f8","block_type":"box","text":"Quality Breakdown","page_number":2,"box":{"x":516,"y":856,"width":93,"height":10}},{"id":"0c2cec43-f101-4f73-924c-2f333c0b30cc","block_type":"box","text":"Bloomberg uses the \"middle rating\" of Moody's, S&P, and Fitch to","page_number":2,"box":{"x":616,"y":856,"width":314,"height":10}},{"id":"37da2d97-3bb5-4dc4-aeba-adbca4e6fc21","block_type":"box","text":"determine a security's index classification. If only two of the agencies rate a security,","page_number":2,"box":{"x":516,"y":869,"width":408,"height":10}},{"id":"f2eec8be-24b7-47a3-b575-ef53273a227d","block_type":"box","text":"State Street","page_number":2,"box":{"x":362,"y":945,"width":74,"height":8}},{"id":"f14b9660-44d6-4843-8289-807db147ae33","block_type":"box","text":"®","page_number":2,"box":{"x":437,"y":945,"width":4,"height":3}},{"id":"0a77c8bf-7126-4e80-86f3-9a257c333bdd","block_type":"box","text":"SPDR","page_number":2,"box":{"x":445,"y":945,"width":34,"height":8}},{"id":"20b11ae1-baac-4d8d-aadb-8733c3e20792","block_type":"box","text":"®","page_number":2,"box":{"x":479,"y":945,"width":4,"height":3}},{"id":"4060bca9-c8d2-4260-8353-02a65428b8d7","block_type":"box","text":"Bloomberg Convertible Securities ETF","page_number":2,"box":{"x":488,"y":945,"width":236,"height":10}},{"id":"f00f2f54-30b8-4b9f-a449-cd0e367f9db2","block_type":"box","text":"State Street","page_number":3,"box":{"x":362,"y":947,"width":74,"height":7}},{"id":"091c1d01-d3b8-4323-b52a-143ec246353a","block_type":"box","text":"®","page_number":3,"box":{"x":437,"y":946,"width":4,"height":4}},{"id":"d9894327-3815-4a69-bc95-518122abd120","block_type":"box","text":"SPDR","page_number":3,"box":{"x":445,"y":947,"width":34,"height":7}},{"id":"4578bbb0-d9d7-4861-9ed3-25f33ae83860","block_type":"box","text":"®","page_number":3,"box":{"x":479,"y":946,"width":4,"height":4}},{"id":"aa421f12-0dde-40a0-b2dc-6922677b9c70","block_type":"box","text":"Bloomberg Convertible Securities ETF","page_number":3,"box":{"x":488,"y":946,"width":236,"height":10}},{"id":"fb428e81-1376-4661-bf76-051abb90fd4c","block_type":"box","text":"3","page_number":3,"box":{"x":933,"y":947,"width":7,"height":7}},{"id":"c07ad75f-ae29-4b09-ba3a-22e4e0d0e190","block_type":"box","text":"then the most conservative (lowest) rating will be used. If only one rating agency rates a","page_number":3,"box":{"x":59,"y":47,"width":425,"height":10}},{"id":"4244d976-f4f8-4011-9ad2-e03896965d62","block_type":"box","text":"security, that one rating will be used. Where there are no security level ratings, an issuer","page_number":3,"box":{"x":59,"y":60,"width":425,"height":10}},{"id":"dcd03e8f-8b27-4953-ad91-c9bbfdb86afa","block_type":"box","text":"rating may be used to determine index classification. Bloomberg Index breakdowns are","page_number":3,"box":{"x":59,"y":72,"width":419,"height":10}},{"id":"4ad8ffe6-6d1c-45ea-88d7-9cdf1a426788","block_type":"box","text":"grouped into larger categories. For example, AAA+ and AAA are listed as Aaa; AA1, AA2,","page_number":3,"box":{"x":59,"y":85,"width":422,"height":10}},{"id":"8c819a09-21f1-482f-9a6a-7826a265c92e","block_type":"box","text":"and AA3 are listed as Aa, etc.","page_number":3,"box":{"x":59,"y":98,"width":141,"height":9}},{"id":"7407bad0-2502-4c0e-9bc9-5b34d93eac3f","block_type":"box","text":"Important Risk Information","page_number":3,"box":{"x":59,"y":125,"width":133,"height":10}},{"id":"a674226b-f01a-49ce-b096-1ddc906f314b","block_type":"box","text":"Weights are as of the date indicated, are subject to change, and should not be relied","page_number":3,"box":{"x":59,"y":143,"width":406,"height":10}},{"id":"ad7d8391-f2e1-4e7d-a504-3624b4f975f7","block_type":"box","text":"upon as current thereafter.","page_number":3,"box":{"x":59,"y":156,"width":128,"height":9}},{"id":"787ce944-15ec-4f41-a039-d8b35be86303","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":3,"box":{"x":59,"y":173,"width":283,"height":10}},{"id":"2b75abfa-93c3-4f3a-a5bd-c95c213fe0d3","block_type":"box","text":"The information provided does not constitute investment advice and it should not be","page_number":3,"box":{"x":59,"y":191,"width":408,"height":10}},{"id":"565f1800-f969-4fec-a1da-929ce459cd8d","block_type":"box","text":"relied on as such. It should not be considered a solicitation to buy or an offer to sell a","page_number":3,"box":{"x":59,"y":204,"width":409,"height":9}},{"id":"0faf1034-2b41-4f80-ba64-be8d6876dbe7","block_type":"box","text":"security. It does not take into account any investor's particular investment objectives,","page_number":3,"box":{"x":59,"y":216,"width":410,"height":10}},{"id":"4e40b0cd-73b0-440c-9937-0699753755ec","block_type":"box","text":"strategies, tax status or investment horizon. You should consult your tax and financial","page_number":3,"box":{"x":59,"y":229,"width":411,"height":10}},{"id":"945ca7bb-1b9c-4ddc-8d4e-bfcad6205056","block_type":"box","text":"advisor.","page_number":3,"box":{"x":59,"y":242,"width":36,"height":7}},{"id":"3fc590f2-2551-40f7-b483-54ce4eadab4f","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or transmitted or any","page_number":3,"box":{"x":59,"y":259,"width":424,"height":10}},{"id":"d3ed1956-358c-40cc-92a0-6fe16b236a0a","block_type":"box","text":"of its contents disclosed to third parties without SSGA's express written consent.","page_number":3,"box":{"x":59,"y":272,"width":390,"height":10}},{"id":"e7e84bd9-2433-4811-bc6c-dea8908775ed","block_type":"box","text":"This communication is not intended to be an investment recommendation or investment","page_number":3,"box":{"x":59,"y":290,"width":423,"height":7}},{"id":"3c65db5c-2d57-4783-a7c8-39d471d3cdec","block_type":"box","text":"advice and should not be relied upon as such.","page_number":3,"box":{"x":59,"y":302,"width":220,"height":10}},{"id":"f28eba99-709c-49a7-bd7d-50ce5c901e80","block_type":"box","text":"Market Risk:","page_number":3,"box":{"x":59,"y":320,"width":61,"height":8}},{"id":"415c53ab-d02f-4500-800f-04d841657b91","block_type":"box","text":"The Fund's investments are subject to changes in general economic","page_number":3,"box":{"x":124,"y":320,"width":327,"height":10}},{"id":"32760357-48c6-42ea-9bd8-e2aeb36aa5ef","block_type":"box","text":"conditions, general market fluctuations, and the risks inherent in investment in securities","page_number":3,"box":{"x":59,"y":332,"width":425,"height":10}},{"id":"c8e6ad5f-6d8f-400f-b586-b7415fb1e379","block_type":"box","text":"markets. Investment markets can be volatile, and prices of investments can change","page_number":3,"box":{"x":59,"y":345,"width":401,"height":10}},{"id":"271da350-c67e-4e97-a033-c98c7f40bf7c","block_type":"box","text":"substantially due to various factors, including, but not limited to, economic growth or","page_number":3,"box":{"x":59,"y":358,"width":408,"height":10}},{"id":"c6b758a6-3be1-4b75-8c96-b763ba06336d","block_type":"box","text":"recession, changes in interest rates, inflation, changes in the actual or perceived","page_number":3,"box":{"x":59,"y":370,"width":387,"height":10}},{"id":"b3964b98-e582-4d8c-ad60-1bb8a69e9f18","block_type":"box","text":"creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk","page_number":3,"box":{"x":59,"y":383,"width":421,"height":10}},{"id":"8ee71766-cb08-41ce-8a01-bb533bd54964","block_type":"box","text":"that geopolitical events will disrupt securities markets and adversely affect global","page_number":3,"box":{"x":59,"y":396,"width":392,"height":9}},{"id":"7ffe5841-a681-4ae9-be89-acb154a79b1a","block_type":"box","text":"economies and markets. Local, regional, or global events such as war, military conflicts,","page_number":3,"box":{"x":59,"y":408,"width":420,"height":10}},{"id":"9e8c8d9d-766a-45e3-8570-7f4903b2759c","block_type":"box","text":"acts of terrorism, trade policy changes or disputes, the threat or actual imposition of","page_number":3,"box":{"x":59,"y":421,"width":406,"height":10}},{"id":"b445e9a9-7753-4e50-b80b-832580889d09","block_type":"box","text":"tariffs, natural disasters, the spread of infectious illness or other public health issues, or","page_number":3,"box":{"x":59,"y":433,"width":421,"height":10}},{"id":"9f5744c8-211f-4e52-b56b-09e3de6795a2","block_type":"box","text":"other events could have a significant impact on the Fund and its investments.","page_number":3,"box":{"x":59,"y":446,"width":372,"height":10}},{"id":"1974447e-5a30-4e61-ae17-4e65feae3efc","block_type":"box","text":"Issuers of","page_number":3,"box":{"x":59,"y":464,"width":46,"height":8}},{"id":"b8010134-9729-4b3f-9c31-0368524dc82c","block_type":"box","text":"convertible securities","page_number":3,"box":{"x":109,"y":464,"width":108,"height":8}},{"id":"7b9aec07-e2bf-4026-9f90-f79090724932","block_type":"box","text":"may not be as financially strong as those issuing","page_number":3,"box":{"x":221,"y":464,"width":233,"height":10}},{"id":"eaf8933f-bbd3-45f5-8fb2-b5707f53cb2a","block_type":"box","text":"securities with higher credit ratings and may be more vulnerable to changes in the","page_number":3,"box":{"x":59,"y":476,"width":396,"height":10}},{"id":"a31e8756-2294-43f6-9d0b-4542e497f3af","block_type":"box","text":"economy. Other risks associated with convertible bond investments include: Call risk","page_number":3,"box":{"x":59,"y":489,"width":408,"height":10}},{"id":"dcb9f00e-cf8a-4e3c-b6b0-9ed8ee2c0762","block_type":"box","text":"which is the risk that bond issuers may repay securities with higher coupon or interest","page_number":3,"box":{"x":59,"y":502,"width":415,"height":9}},{"id":"474b4ff3-a6bb-4331-9cf2-418225e3cc5e","block_type":"box","text":"rates before the security's maturity date; liquidity risk which is the risk that certain","page_number":3,"box":{"x":59,"y":514,"width":395,"height":10}},{"id":"446f43ef-efc3-4dc2-ba4a-c550ef03b0d6","block_type":"box","text":"types of investments may not be possible to sell the investment at any particular time or","page_number":3,"box":{"x":59,"y":527,"width":425,"height":10}},{"id":"f6318d0b-f7c4-4dbe-a485-77a7688cb80a","block_type":"box","text":"at an acceptable price; and investments in derivatives, which can be more sensitive to","page_number":3,"box":{"x":59,"y":540,"width":414,"height":9}},{"id":"2b2f1040-6486-4691-b21a-6a3c09ecf8a8","block_type":"box","text":"sudden fluctuations in interest rates or market prices, potential illiquidity of the markets,","page_number":3,"box":{"x":59,"y":552,"width":423,"height":10}},{"id":"bc3bf280-d8b7-46ee-9efa-678d042ca519","block_type":"box","text":"as well as potential loss of principal.","page_number":3,"box":{"x":59,"y":565,"width":172,"height":9}},{"id":"472b4ed4-7677-4126-9024-5fe2021f57c8","block_type":"box","text":"Bond funds","page_number":3,"box":{"x":59,"y":582,"width":56,"height":8}},{"id":"d2a23988-3404-40a3-adda-4f3efc6db80a","block_type":"box","text":"contain interest rate risk (as interest rates rise bond prices usually fall); the","page_number":3,"box":{"x":119,"y":582,"width":360,"height":10}},{"id":"d5a0052c-5148-4b5b-a121-9ab65339861b","block_type":"box","text":"risk of issuer default; issuer credit risk; liquidity risk; and inflation risk. There are","page_number":3,"box":{"x":59,"y":595,"width":382,"height":10}},{"id":"26c27f97-2bca-44cd-a242-8ce8b07ec00c","block_type":"box","text":"additional risks for funds that invest in mortgage-backed and asset-backed securities","page_number":3,"box":{"x":59,"y":608,"width":413,"height":10}},{"id":"eea366cc-8cd5-4f44-862b-be6c9fb62c6c","block_type":"box","text":"including the risk of issuer default; credit risk and inflation risk.","page_number":3,"box":{"x":59,"y":620,"width":300,"height":10}},{"id":"32ff89f0-4c8e-47df-b868-d67567468c98","block_type":"box","text":"The Fund is classified as \"diversified\" under the Investment Company Act of 1940, as","page_number":3,"box":{"x":59,"y":638,"width":409,"height":10}},{"id":"4450d95e-57e7-4634-b2f5-5b903896a721","block_type":"box","text":"amended (the \"1940 Act\"); however, the Fund may become \"non-diversified,\" as defined","page_number":3,"box":{"x":59,"y":650,"width":424,"height":10}},{"id":"fdcf95f1-0465-42ee-9ef9-f7b94d387870","block_type":"box","text":"under the 1940 Act, solely as a result of tracking the Index (e.g., changes in weightings","page_number":3,"box":{"x":59,"y":663,"width":419,"height":10}},{"id":"7152d21c-72fd-4c91-88e1-4ef95b4f3cfd","block_type":"box","text":"of one or more component securities). 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