SPDR Bloomberg Emerging Markets Local Bond ETF (EBND)

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays EM Local Currency Government Diversified Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The fund is non-diversified.