SPDR SERIES TRUST S&P TELECOM ETF

The SPDR® S&P® Telecom ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Telecom Select Industry Index (the "Index"). It seeks to provide exposure to the telecommunications segment of the S&P TMI, comprises the following sub-industries: Alternative Carriers, Communications Equipment, Integrated Telecommunication Services, and Wireless Telecommunication Services. It also seeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocks