Category: Open Ended Investment Company
Investment Objective The objective of the Fund is to track the perf ormance of the Euro-denominated corporate bond mark et f or high yield, fix ed rate securities. Investment Policy The Fund seeks to tr ack the perf ormance of the Bloomberg Barcla y s Liquidity Screened Euro High Yield Bond Index (the "Index") as closely as possible. The Fund inves ts primarily in securities included in the Index. These securities include high yield debt securities issued in the Eurobond mark et and other European mark ets included in the Index. The maturity of these securities must be between one and up to (but not including) 15 y ears, have an amount outst anding of more than €250 million and be denominated in Euro. As it may be difficult to purchase all securities in the Index efficiently , in seeking to tr ack the perf ormance of the Index the Fund will use a str atified sampling str ategy to build a repr esentative portf olio. Consequently , the Fund will typically hold only a subset of the securities included in the Index. The Fund ma y use financial derivative ins truments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portf olio eff iciently . Save in ex ceptional circums tan ces, the Fund will generally only issue and redeem shares to certa in institutional inves tors. However , shares of the Fund may be pur chased or sold through brok er s on one or more stock ex changes. The Fund trades on these stock ex changes at mark et prices which ma y fluctuate throughout the day . Mark et prices ma y be greater or less than the daily net asset value of the Fund. The Fund does not currently engage in securities lending. Shareholder s ma y redee m shares on any UK business day (other than day s on which relev ant financial mark ets ar e closed f or business and/ or the day preceding any such day provided that a list of such closed mark et day s will be published f or the Fund on www .spdrs.co m ); and any other day at the Director s' discretion (acting re asonably) provided Sharehol ders ar e notified in advance of any such day s. Any income earned by the Fund will be paid to shareholder s in re spect of the shares. The Fund's shares ar e issued in Euros. Please re f er to the prospectus f or more inf ormation. Index Source : BL OOMBERG® and BARCLA YS® are tr ademarks and service marks of Bloomber g Finance L.P . and its affil iates (collectively "Bloomberg") and Barcla ys Bank Plc (collectively with its affiliates, "Barcla ys"), respectively . Used under license. Bloomberg or Bloomberg's licensor s, including Barcla ys, own all propriet ary rights in the Barcla y s Liquidity Scre ened Euro High Yield Bond Index.