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Press release from Business Wire

State Street Global Advisors Launches Pair of SPDR® Tilt ETFs

<p> New SPDR ETFs Designed to Provide Precise Access to Value and Momentum Stocks </p>

Thursday, October 25, 2012

State Street Global Advisors Launches Pair of SPDR® Tilt ETFs09:00 EDT Thursday, October 25, 2012 BOSTON (Business Wire) -- State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced that the SPDR S&P 1500 Value Tilt ETF (Symbol: VLU) and the SPDR S&P 1500 Momentum Tilt ETF (Symbol: MMTM) began trading on the NYSE Arca on October 25, 2012. The new SPDR ETFs offer investors an opportunity to access potential sources of outperformance with advanced indexing methodologies that reconfigure how index components are weighted. The SPDR S&P 1500 Value Tilt ETF seeks to track the performance of the S&P 1500 Low Valuation Tilt Index. The Index applies an alternative weighting methodology to the S&P 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P 1500 Index and stocks with relatively high valuations are underweight. In constructing the Index, Standard & Poor's, Inc. estimates the valuation of each stock in the S&P 1500 Index based on the ratio of its price to its level of earnings, cash flow, sales, book value, and dividends. The weight of each stock in the Index is proportionate to its market capitalization and sub-portfolio allocation. The Index is rebalanced annually, and as of 9/30/12 it included approximately 1,472 securities. The SPDR S&P 1500 Value Tilt ETF's expense ratio is 0.35 percent. “Providing advisors and investors with unique opportunities to take advantage of sources of outperformance relative to standard cap-weighted indexes and combining the advantages of value and momentum tilt investing with the benefits of exchange traded funds, our new SPDR Tilt ETFs further illustrate the growing popularity of advanced beta investment strategies,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds and head of Intermediary Distribution at State Street Global Advisors. “We have strong expertise in the advanced beta space which we define as an objective, consistent, transparent process for capturing some investment exposure, while retaining the benefits of traditional indexing.” The SPDR S&P 1500 Momentum Tilt ETF seeks to track the performance of the S&P 1500 Positive Momentum Tilt Index. The Index applies an alternative weighting methodology to the S&P 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P 1500 Index and stocks with relatively low momentum are underweight. In constructing the Index, Standard & Poor's, Inc. estimates the momentum of each stock in the S&P 1500 Index based on its price performance over the 11 months ending one month before the index rebalancing date, and ranks all 1,500 Index constituents in order of momentum. The weight of each stock in the Index is proportionate to its market capitalization and sub-portfolio allocation. The Index is rebalanced quarterly, and as of 9/30/12, included approximately 1,491 securities. The SPDR S&P 1500 Momentum Tilt ETF's expense ratio is 0.35 percent. “The launch of the SPDR S&P 1500 Value Tilt ETF and the SPDR S&P 1500 Momentum Tilt ETF build on SSgA's long-standing expertise in managing both traditional and non-traditional index strategies and underscore our commitment to developing innovative ETFs that further expand the investment solutions toolkit for clients of every size,” Ross continued. State Street manages more than $337** billion in SPDR ETF assets worldwide (as of September 30, 2012) and is one of the largest ETF providers globally. About SPDR Exchange Traded Funds SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company. The funds provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street created the first ETF in 1993 (SPDR S&P 500® – Ticker SPY). Since then, we've sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income and sector ETFs. For more information, visit www.spdrs.com. About State Street Global Advisors State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world's leading providers of financial services to institutional investors. *SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank& Trust Company. **This AUM includes the assets of the SPDR Gold Trust (approx. $75.3 billion as of September 30, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. Risk associated with equity investing include stock values which may fluctuate in response to the activities of individual companies and general market and economic conditions. The Fund employs a value style of investing that emphasizes undervalued companies with characteristics for improved valuations, which may never improve and may actually have lower returns than other styles of investing or the overall stock market. The Fund employs a momentum style of investing that emphasizes investing in securities that have had higher recent price performance compared to other securities, which is subject to the risk that these securities may be more volatile and can turn quickly and cause significant variation from other types of investments. "SPDR" is a registered trademark of Standard & Poor Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors' rights are described in the prospectus for the applicable product. Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR shares, MidCap SPDRs and Dow Jones Industrial Average, all unit investment trusts and Select Sector SPDRs. Before investing, consider the funds investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully. Corp-0597 State Street CorporationMarie McGehee, +1 617-664-1898www.statestreet.comorFor State Street CorporationTroy Mayclim, +1 914-686-5599www.riverinc.com