State Street Global Advisors reducesTERs on SPDR S&P 500 ETFs

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announces that it has lowered the TERs on its S&P 500 ETFs in Europe.
With these changes, effective from Wednesday 1 November 2023, SPDR will offer the lowest cost physically replicated S&P 500 ETFs domiciled in Europe.

“These changes are significant for our professional investor base. For 30 years we have
been leading the way in S&P 500 exposures, and this is the latest example of our work to
make these products even more accessible and affordable without compromising on
quality.”

Matteo Andreetto, head of SPDR EMEA business at State Street Global Advisors.

US Equities account for over 60 per cent of global equity indices and have grown in importance among European investors year on year following the Global Financial Crisis. In 2018, the total assets in US Equity ETFs domiciled in Europe surpassed those of European Equity ETFs. On average, investors using European domiciled ETFs have invested close to $15bn a year in US equity ETFs over the last decade.

Today’s announcement is part of a wider trend across State Street Global Advisors, which
in the last two years has reduced expense ratios on over 20 ETFs across its global line up.

“We are proud of our global ETF offering, but that does not mean we ever rest. While these announcements enhance our market competitiveness, they also demonstrate our commitment to improving accessibility; delivering institutional quality
investment solutions at competitive price points.”

Matteo Andreetto

30 years ago, together with the American Stock Exchange and S&P DJI, SPDR launched the first US listed ETF. The fund, designed to track the S&P 500 Index, remains the largest ETF in the world. “It’s fitting that State Street is continuing this tradition of innovation” concluded Andreetto.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic
asset classes. The funds provide investors with the flexibility to select investments that are
aligned to their investment strategy.

About State Street Global Advisors

For four decades, State Street Global Advisors has served the world’s governments,
institutions and financial advisors. With a rigorous, risk-aware approach built on research,
analysis and market-tested experience, we build from a breadth of index and active
strategies to create cost-effective solutions. And, as pioneers in index, ETF, and ESG
investing, we are always inventing new ways to in