SPDR MSCI USA Small Cap Value Weighted UCITS ETF/  IE00BSPLC413  /

The investment objective of the Fund is to track the performance of US small capitalisation equities with a higher weighting applied to equities exhibiting low valuation characteristics. The Fund seeks to track the performance of the MSCI USA Small Cap Value Weighted Index (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). The Fund invests primarily in securities included in the Index. These securities include US smaller sized companies based on the traditional market capitalisation weighted parent index, the MSCI USA Small Cap Index. The value methodology re-weights each security in the parent index to emphasise stocks with lower valuations using fundamental accounting data (sales, book value, earnings and cash earnings). As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index, the Fund will use an optimisation strategy to build a representative portfolio which should reflect the performance of the Index. Consequently, the Fund will typically hold only a subset of the securities included in the Index. In limited circumstances the Fund may purchase securities that are not included in the Index.

The investment objective of the Fund is to track the performance of US small capitalisation equities with a higher weighting applied to equities exhibiting low valuation characteristics. The Fund seeks to track the performance of the MSCI USA Small Cap Value Weighted Index (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund).