State Street Unveils New Global and International SPDRs (SM)

  
    
  
  
    
      State Street Global Advisors (SSgA), the investment management arm of 
      State Street Corporation (NYSE: STT), today announced two new SPDR 
      exchange traded funds (ETFs) will begin trading on the American Stock 
      Exchange on May 13.
    
    
      Developed to provide investors with precise exposure to targeted 
      segments of the global and international markets, the new SPDRs include:
    
    
      
        
          
            ETF Name
          
        
        
           
        
        
          Ticker
        
        
           
        
        
          Index Description
        
        
           
        
        
          Expense Ratio
        
      
      
        
          SPDR® DJ Wilshire Global Real Estate ETF
        
        
           
        
        
          RWO
        
        
           
        
        
          Index includes more than 240 commercial and residential real estate 
          companies domiciled in 23 countries across the globe, including the 
          U.S.
        
        
           
        
        
          0.50%
        
      
      
        
          SPDR® S&P International Mid Cap ETF
        
        
           
        
        
          MDD
        
        
           
        
        
          Index includes more than 850 companies with market capitalizations 
          between $2 and $5 billion domiciled in 25 developed countries 
          outside the U.S.
        
        
           
        
        
          0.45%
        
      
    
    
      “Offering a level of international 
      diversification that has not been readily accessible in the past, the 
      new SPDR S&P International Mid Cap ETF was developed to meet increasing 
      investor demand for more high quality international portfolio management 
      tools,” said James Ross, senior managing 
      director at State Street. “With the addition 
      of the SPDR DJ Wilshire Global Real Estate ETF, our family of SPDRs ETFs 
      now provides investors with distinct exposure to the domestic, 
      international, and global real estate markets.”
    
    
      State Street Global Advisors is one of the largest ETF providers in the 
      United States and globally. As of March 31, 2008, US assets under 
      management in State Street’s ETFs totaled more 
      than $148.2 billion¹ – 
      up from $103.3 billion year over year.
    
    
      About State Street Global Advisors
    
    
      State Street Global Advisors, the investment management arm of State 
      Street Corporation (NYSE: STT), delivers investment strategies and 
      integrated solutions to clients worldwide across every asset class, 
      investment approach and style. With $2 trillion in assets under 
      management at March 31, 2008, State Street Global Advisors has 
      investment centers in Boston, Hong Kong, London, Montreal, Munich, 
      Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 27 cities 
      worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
    
    
      ¹SSgA Funds Management, Inc. manages $148.2 
      billion in ETF assets in the US as of March 31, 2008.
    
    
      ETFs trade like stocks, are subject to investment risk and will 
      fluctuate in market value.
    
    
      Foreign investments involve greater risks than U.S. investments, 
      including political and economic risks and the risk of currency 
      fluctuations.
    
    
      Investments in mid-sized companies may involve greater risks than those 
      in larger, better known companies, but may be less volatile than 
      investments in smaller companies.
    
    
      REIT funds may be subject to a high degree of market risk due to lack of 
      industry diversification. REIT funds may be subject to other risks 
      including, but not limited to, changes in real estate values or economic 
      conditions, credit risk and interest rate fluctuations and changes in 
      the value of the underlying property owned by the trust and defaults by 
      borrowers. Diversification does not ensure a profit or guarantee against 
      loss.
    
    
      S&P® is a trademark of The McGraw-Hill 
      Companies, Inc. and has been licensed for use by State Street Bank and 
      Trust Company. The products are not sponsored, endorsed, sold or 
      promoted by Standard & Poor’s, and 
      Standard & Poor’s makes no 
      representations regarding the advisability of investing in the Fund.
    
    
      The “SPDR” 
      trademark is used under license from The McGraw-Hill Companies, Inc. (“McGraw-Hill”). 
      No financial product offered by State Street Corporation or its 
      affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill. S&P® 
      and S&P 500® Index are trademarks of The 
      McGraw-Hill Companies, Inc. and have been licensed for use by State 
      Street Bank and Trust Company.
    
    
      Dow Jones Wilshire Global Real Estate Securities Index (RESI) is an 
      index designed to provide measures of real estate securities that serve 
      as proxies for direct real estate investing.
    
    
      Dow Jones & Company, Inc. is the owner of the trademarks and copyrights 
      relating to the Dow Jones Indexes. The Dow Jones Wilshire IndexesSM 
      are calculated and distributed by Dow Jones Indexes pursuant to an 
      agreement between Dow Jones & Company, Inc. and Wilshire Associates 
      Incorporated. Dow Jones and Wilshire are the respective service marks of 
      Dow Jones and Wilshire Associates and have been licensed for use by 
      State Street Bank and Trust Company. streetTRACKS® 
      products, based on the Dow Jones Wilshire Indexes, are not sponsored, 
      endorsed, sold, or promoted by Dow Jones or Wilshire and neither make 
      any representation regarding the advisability of investing in them. 
      Inclusion of a company in the Dow Jones Wilshire Indexes does not in any 
      way reflect an opinion of Dow Jones or Wilshire on the investment merits 
      of the company.
    
    
      Investors should consider the investment objectives, risks, 
      charges and expenses of the fund carefully before investing. A 
      prospectus which contains this and other information about the fund can 
      be obtained by calling 866.787.2257 or speaking to your financial 
      advisor. Read the prospectus carefully before investing.
    
    
      Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 
      wholly owned subsidiary of State Street Corporation. References to State 
      Street may include State Street Corporation and its affiliates. Certain 
      State Street affiliates provide services and receive fees from the SPDR 
      ETFs.
    
    
      10867-0509