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SPDR DoubleLine Total Return Tactical ETF

Important Risk Information

Ticker: TOTL

Gross Expense Ratio: 0.65%*
Net Expense Ratio: 0.55%^

Key Attributes:

  • Actively managed core fixed income offering benchmarked to the Barclays US Aggregate Bond Index
  • Managed by Jeffrey Gundlach, CEO and Chief Investment Officer of DoubleLine®, along with Philip Barach and Jeffrey J. Sherman, who draw on decades of investing in fixed income securities to create a framework for evaluating and incorporating subsectors of the bond market into a core fixed income ETF
  • Combines traditional and non-traditional fixed income asset classes with the goal of maximizing total return over a full market cycle through active sector allocation and security selection
  • Seeks to outperform the benchmark, in part by exploiting mispriced areas of the bond market while also including asset classes not included in the index such as high yield bonds and emerging markets debt
  • Managed according to DoubleLine’s mandate that “managers not cross the double line into the oncoming lane of risk,” TOTL seeks to avoid risk–taking that historically has led to steep principal losses

Research, commentary and information available for this fund:

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*The gross expense ratio is the fund's total annual operating expense ratio. It is gross of any fee waivers and/or expense reimbursements. It can be found in the fund's most recent prospectus.
^SSgA Funds Management, Inc. (“SSgA FM” or “Adviser”) has contractually agreed to waive its advisory fee and/or reimburse certain expenses, until October 31, 2016, so that the net annual fund operating expenses of the Fund will be limited to 0.55% of the Fund’s average daily net assets before application of any extraordinary expenses or acquired fund fees and expenses. The contractual fee waiver and/or reimbursement does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and after October 31, 2016, the waiver and/or reimbursement may be cancelled or modified at any time. This waiver and/or reimbursement may not be terminated during the relevant period except with the approval of the Fund’s Board of Trustees.

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Frequent trading of Exchange Traded Funds (ETFs) could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. In general, ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

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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® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.


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Not FDIC Insured - No Bank Guarantee - May Lose Value