Fund Description: The SPDR S&P Dividend ETF, formerly streetTRACKSSPDR Dividend ETF. 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. The streetTRACKS SPDR Dividend ETF's investment objective is to replicate as closely as possible, before expenses, the price and yield of the S&P High Yield Dividend Aristocrats Index. INDEX DESCRIPTION: The S&P High Yield Dividend Aristocrats Index is comprised of the 50 highest dividend yielding constituents of the stocks of the S&P Composite 1500 Index that have increased dividends every year for at least 25 consecutive years. These stocks have both capital growth and dividend income characteristics, as opposed to stocks that are pure yield, or pure capital oriented. Stocks within the Index are weighted by indicated yield and weight-adjusted each quarter. The Index components are reviewed annually in December for continued inclusion in the Index. A component stock may be removed from the Index if, 1) during the year-end review, dividends did not increase from the previous year, 2) at any time during the year, a company is removed from the S&P Composite 1500 Index, 3) a company's market cap or trading volume is below minimum thresholds, or 4) a company falls out of the top 50 of index eligible companies in terms of indicated dividend yield. During each quarterly re-weighting, component companies are ranked in order of indicated yield. Companies that have a market cap or trading volume below minimum thresholds, which are reviewed from time to time, are excluded. An Index constituent that ranks in the top 60 in terms of indicated yield retains its index membership as one of the Index's 50 constituents. If one or more member stocks fall out of the top 60 in rank, then those stocks are removed and other stocks are added, in order of decreasing dividend yield, until the number of constituents again reaches 50. FUND STRATEGY: The Fund uses a passive management strategy designed to track the total return performance of the Insurance Index. The Fund, using an "indexing" investment approach, attempts to replicate, before expenses, the total return performance of the 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 the weightings in the index. However, under various circumstances, it may not be possible or practicable to purchase all of the stocks in the index 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 (or sell) securities not in the index which the Adviser believes are appropriate to substitute for one or more index components, 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 an 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 its benchmark index. The Fund has adopted a policy that requires the Fund to provide shareholders with at least 60 days notice prior to any material change in this policy or its underlying Index. The Board of Trustees of the Trust may change a Fund's investment strategy and other policies without shareholder approval, except as otherwise indicated. The Trustees will not change the Fund's investment objective without shareholder approval. 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.