Fund Description: The Real Estate Select Sector SPDR Fund is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the SPDR Index Shares Fund, an open-end investment management company. INVESTMENT OBJECTIVE: The Real Estate Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Real Estate Select Sector Index. INDEX DESCRIPTION: The Real Estate Select Sector Index includes securities of companies from the following industries: real estate management and development and real estate investment trusts (REITs), excluding mortgage REITs. The Index is one of eleven Select Sector Indexes developed and maintained in accordance with the following criteria: (1) each of the component securities in the Index is a constituent company of the S&P 500 Index; and (2) the Index is calculated by S&P Dow Jones Indices LLC (S&P DJI) based on methodology proprietary to S&P DJI and BofA Merrill Lynch Research (S&P DJI and BofA Merrill Lynch, collectively, the Index Provider) using a modified market capitalization methodology, which means that modifications may be made to the market capitalization weights of single stock concentrations in order to conform to the requirements of the Internal Revenue Code. FUND STRATEGY: In seeking to track the performance of the Index, the Fund employs a replication strategy, which means that the Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the Index. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. FUND MANAGEMENT: SSGA FM serves as the investment adviser to the Fund.