Fund Description: SPDR SSGA Fixed Income Sector Rotation ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the SSGA Active Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The SPDR SSGA Fixed Income Sector Rotation ETF seeks to provide 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, however, an actively managed ETF may have an index-based benchmark. Accordingly, the ETF’s investment advisor has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective and investment policies. FUND STRATEGY: The Fund is a fund of funds, meaning that it primarily invests its assets in securities of other exchange-traded funds (ETFs). In particular, the Fund allocates its assets among ETFs that each focus on one or more of the following sectors of the fixed income market: (i) securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or sponsored corporations; (ii) inflation protected public obligations of the U.S. Treasury; (iii) U.S. corporate securities; (iv) U.S. mortgage-backed securities; (v) high yield securities (commonly known as junk bonds); (vi) international government and corporate securities, including emerging markets; (vii) first lien senior secured floating rate bank loans; (viii) floating and variable rate securities; and (ix) cash equivalents (i.e., securities maturing in less than one year) (each, a Fixed Income Sector. The Fund's investment adviser, allocates the Fund's assets among the ETFs based on a proprietary sector selection model. The portfolio's final sector allocation is subject to the Adviser's risk and diversification constraints, which limit the amount a Fixed Income Sector may represent in the portfolio and the portfolio's duration relative to the Bloomberg Barclays U.S. Aggregate Bond Index. The Adviser typically rebalances the Fund's portfolio on a monthly basis, although rebalancing may occur more frequently depending on market conditions. Under normal circumstances, The Fund invests at least 80% of its net assets (plus the amount of borrowings for investments purposes) directly, or indirectly through the underlying ETFs, in fixed income securities. FUND MANAGEMENT: SSGA FM serves as the investment adviser to the Fund.