Fund Description: SPDR DoubleLine Short Duration Total Return Tactical 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 Short Duration Total Return Tactical ETF seeks to maximize current income with a dollar-weighted average effective duration between one and three years. 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 Sub-Adviser will invest at least 80% of the Fund’s net assets (plus the amount of borrowings for investment purposes) in a diversified portfolio of fixed income securities of any credit quality (subject to certain limits). Fixed income securities in which the Fund principally invests are defined as securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or sponsored corporations; inflation protected public obligations of the U.S. Treasury (TIPS); securities issued or guaranteed by state or local governments or their agencies or instrumentalities (commonly known as municipal bonds). The Fund may also invest in cash and other short-term instruments, as well as restricted securities. The Fund intends to invest at least 25% of its net assets in mortgage-backed securities of any maturity or type guaranteed by, or secured by collateral that is guaranteed by, the U.S. government, its agencies, instrumentalities or sponsored corporations. The Fund also may invest in privately issued mortgage-backed securities of any rating assigned by Moody’s or by S&P’s Rating Services or in unrated securities that are determined to be of comparable quality. The Fund may invest a substantial portion of its assets in U.S. agency mortgage pass-through securities. The Fund may invest up to 20% of its net assets in corporate high yield securities (commonly known as junk bonds). The Fund may invest up to 15% of its net assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 20% of its net assets in securities and instruments that are economically tied to emerging market countries. The Sub-Adviser monitors the duration of the securities held by the Fund to seek to mitigate exposure to interest rate risk. Under normal circumstances, the Sub-Adviser seeks to maintain an investment portfolio with a weighted average effective duration between 1 and 3 years. Under normal circumstances, the Sub-Adviser uses a controlled risk approach in managing the Fund’s investments and also uses a top down/bottom up approach. FUND MANAGEMENT: SSGA FM serves as the investment adviser to the Fund. DoubleLine Capital LP serves as the investment sub-adviser to the Fund.