Category: Open Ended Investment Company

Investment Objective The objective of the Fund is to track the perf ormance of companies in the industrials sector , acr oss developed mark ets globally . Investment Policy The Fund seeks to tr ack the perf ormance of the MSCI W orld Industrials Index (the "Index" ) as closely as possible. The Fund inves ts primarily in securities included in the Index. These securities include equity securities issued by companies globally , which have been classified as f alling within the indust rials sector , in line with the Global Industry Classification Standar d (GICS). Although the Index is generally well diversified, to enable the Fund to tr ack the Index accurately , the Fund will mak e use of the increased diversification limits av ailable under the UCITS Regulations, which permit it to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund's net asset value. The Fund seeks to hold all the securities of the Index with the appro ximate weightings as in that Index. The Fund will use a replication str ategy to creat e a near mirror -image of the Index. In limited circums t ances the Fund may purchase securities that ar e not 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 ma y 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 ret ained and reflected in an increase in the v alue of the shares. The Fund's shares ar e issued in U.S. Dollars. Please re f er to the prospectus f or more inf ormation. Index Source: The funds or securities ref erred to herein ar e not sponsored, endorsed, or prom oted by MSCI, and MSCI bear s no liability with resp ect to any such funds or securities or any index on which such funds or securities are based. The prospectus and supplement contains a more detail ed description of the limited re lationship MSCI has with State Street Bank and T rust Company , through SSGA, and relate d funds, as well as additional disclaimers that apply to the MSCI index es.