Fund Description: The SPDR Morgan Stanley Technology ETF, formerly the streetTRACKS Morgan Stanley High-Tech 35 Index Fund, is an exchange-traded index fund that is a separate portfolio of streetTRACKS(R) Series Trust, a Trust that is an index fund consisting of separate investment portfolios. INVESTMENT OBJECTIVE: The SPDR Morgan Stanley Technology Index ETF is a exchange traded index fund whose investment objective is to replicate as closely as possible, before expenses, the performance of the Morgan Stanley Technology Index. INDEX DESCRIPTION: The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Index was the first listed broad-market technology barometer dedicated exclusively to the electronics based technology industry. The Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software; PC software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems; and semiconductors. The Exchange calculates the Index. Morgan Stanley & Co. Incorporated acts as consultant to the Exchange in connection with the Exchange’s maintenance of the Index. The Index is equal-dollar-weighted to ensure that each of its component securities is represented in approximate equal dollar value. To ensure that each component stock continues to represent approximate equal market value in the Index, adjustments, if necessary, are made annually after the close of trading on the third Friday of December. The Technology Index is currently comprised of 35 stocks. FUND STRATEGY: The Fund, using an "indexing" investment approach, attempts to replicate, before expenses, the performance of the High-Tech 35 Index. The Adviser seeks a correlation of 0.95 or better between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Fund generally will invest in all of the stocks comprising the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of those stocks in those weightings. In those circumstances, the Fund may purchase a sample of the stocks in the Index in proportions expected by the Adviser to replicate generally the performance of the Index as a whole. There may also be instances in which the Adviser may choose to overweight another stock in the Index, purchase securities not in the Index which the Adviser believes are appropriate to substitute for the Index Securities, or utilize various combinations of other available investment techniques, in seeking to track accurately the Index. In addition, from time to time stocks are added to or removed from the Index. The Fund may sell stocks that are represented in the Index, or purchase stocks that are not yet represented in the Index, in anticipation of their removal from or addition to the Index. The Fund will normally invest at least 95% of its total assets in common stocks that comprise the Index. FUND MANAGEMENT: The investment advisor of the Fund is SSgA Funds Management, Inc. The administrator and custodian of the streetTRACKS funds is State Street Bank and Trust Co. State Street Global Markets, LLC serves as the distributor for the Fund.