FUND DESCRIPTION: SPDR Euro STOXX 50 ETF, formerly the DJ Euro STOXX 50 ETF, formerly streetTRACKS Dow Jones Euro STOXX 50 Fund, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the SPDR Index Shares Fund, an investment management company. INVESTMENT OBJECTIVE: The SPDR Euro STOXX 50 ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Euro STOXX 50 Index. INDEX DESCRIPTION: The Euro STOXX 50 Index is designed to represent the performance of some of the largest companies across components of the 20 Euro STOXX Supersector Index which are subsets of the Euro STOXX Index. The Euro STOXX Index is a broad yet liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the Euro STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries. Index composition is reviewed annually and weights are reviewed quarterly. Countries covered in the Index have historically included, among others, Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The 50 companies in the Index are selected by first identifying the companies that equal approximately 60% of the free-float market capitalization of each corresponding Euro STOXX Total Market Index Supersector Index. In addition, any stocks that are currently components of the Index are added to the list. From that list, the 40 largest stocks are selected to be components of the Index. In addition, any stocks that are current components of the Index (and ranked 41-60 on the list) are included as components. If there are still less than 50 component stocks, the applicable number of the largest remaining stocks on the list ranked 41 or higher are included as components of the Index. As of December 31, 2010, the Index was comprised of 50 securities. FUND STRATEGY: The Fund uses a passive management strategy designed to track the total return performance of the Index. The Fund, using an indexing investment approach, attempts to replicate, before expenses, the total return performance of the Index. 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 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 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 Index. FUND MANAGEMENT: The investment advisor of the Fund is SSgA Funds Management, Inc.
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