Fund Description: SPDR DoubleLine Emerging Markets Fixed Income ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the SSgA Active ETF Trust, an open-end management investment company. INVESTMENT OBJECTIVE: The SPDR DoubleLine Emerging Markets Fixed Income ETF seeks to provide high total return from current income and capital appreciation. The Fund is an actively managed ETF and thus, does not seek to replicate the performance of a specific index, but rather uses an active investment strategy to meet its investment objective. Accordingly, DoubleLine Capital LP, the Sub-Adviser, has discretion on a daily basis to actively manage the Fund’s portfolio subject to supervision by the Adviser and the Board of Trustees. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in emerging market fixed income securities. Fixed income securities are defined as fixed income securities issued or guaranteed by foreign corporations or foreign governments, including securities issued or guaranteed by companies (including hybrid securities), financial institutions, or government entities in emerging market countries; corporate or government bonds; sovereign debt; structured securities; foreign currency transactions; certain derivatives; preferred securities; zero coupon bonds; credit-linked notes; pass through notes; bank loans; and perpetual maturity bonds. The Fund will generally invest in securities and/or instruments from at least five emerging market countries, with no more than 20% allocated to a single country. An emerging market country is a country that, at the time the Fund invests in the related security or instrument, is classified as an emerging or developing economy by any supranational organization such as the World Bank or the United Nations, or related entities. A security or instrument is considered to be from an emerging market country if the issuer or guarantor of the security or instrument is either domiciled in an emerging market country or derives a majority of its cash flow or revenue from an emerging market country. The Fund may invest in fixed income securities of any credit quality, but seeks to invest no more than 20%, at the time of investment, in fixed income securities that are unrated, rated BB+ or lower S&Ps Rating Service or Ba1 or lower by Moody’s or any other nationally recognized rating organization. The Fund may conduct foreign currency transactions on a spot (i.e., cash) or forward basis (i.e., by entering into forward contracts to purchase or sell foreign currencies). The Fund may also invest in the following derivatives: foreign currency futures; credit default swaps; and options, swaps, futures, and forward contracts on securities. These practices may be used to hedge the Fund’s portfolio (e.g., to hedge against currency fluctuations), as well as for investment purposes. All such derivatives will be exchange traded or centrally cleared. In managing the Fund’s investments, under normal market conditions, the Sub-Adviser intends to seek to construct an investment portfolio with a weighted average effective duration of no less than two years and no more than eight years. FUND MANAGEMENT: SSGA FM serves as the investment adviser to the Fund. DoubleLine Capital LP serves as the investment sub-adviser to the Fund.