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   Plus, Amazon's prime cuts |
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                                TOGETHER WITH
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                   Hi Sarah, here's what you need to know for
                   <strong>
                    July 9th
                   </strong>
                   in
                   <strong>
                    3:10 minutes
                   </strong>
                   .
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                    <span class="font-normal" style="font-weight: 400;">
                     Samsung forecast its worst quarterly performance in a year and a half
                    </span>
                   </li>
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                     Big, sure, but for the market, this bill may not be altogether beautiful –
                     <a class="text-primary underline font-medium" style="font-weight: 500; color: #204CE9; text-decoration: underline;">
                      Read Now
                     </a>
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                     Amazon’s Prime Day might be full of prime cuts – and we’re not talking about steaks
                    </span>
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                     🇺🇸 July 4th might be over, but America should still be on your mind. The world's biggest economy looks less reliable than usual, so join us for
                     <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                      How To Navigate Today’s US Market
                     </a>
                     on July 15th. Bring your leftover hot dogs and fireworks, if you fancy.
                     <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                      Grab your free ticket
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               Sam-Sunk
              </span>
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               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="96t0h" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Samsung is bracing for its biggest dip since 2023, warning on Tuesday that last quarter’s profit will probably come in 56% lower than the same time last year.
              </p>
              <p data-block-key="dgn1s" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="ubfm" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               🇺🇸 The South Korean firm can pin some of the blame on politics. US export restrictions have kept it from sending chips to China, contributing to the contract chip-making division’s massive $2.9 billion loss this year.
              </p>
              <p data-block-key="fl6kk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ⏰ But Samsung will need to take accountability for the rest. The firm had a slow start with its most advanced AI memory chips, and they’re still in Nvidia’s approval process (the US company certifies its suppliers’ chips before using them). Meanwhile, rivals SK Hynix and Micron have cleared certification, locked in major contracts, and started shipping at scale.
              </p>
              <p data-block-key="837kc" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ➡️ That pace has paid off. SK Hynix and Micron now control 57% and 16% of the advanced memory chip market, respectively, and their shares are up 65% and 43% this year – while Samsung’s have only managed a 22% uptick.
              </p>
              <p data-block-key="fd18h" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               📅 Samsung says it could win back some of its losses later in the year. But if those chips stay in testing for longer than expected, or if companies refuse to switch suppliers, the firm might struggle to make up for lost time.
              </p>
              <p data-block-key="4itdk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="1n229" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 The bigger picture:
                </i>
               </b>
               <i>
                Nvidia drafted its team.
               </i>
              </p>
              <p data-block-key="9jdlf" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Export restrictions and tariffs are complicating shipping all around the world, but America’s levies and rules are especially tough. And that’s forced a sharp cut in Nvidia’s sales to China. So the US chipmaker is working smarter: for the next generation of its Blackwell chips, Nvidia’s using TSMC and SK Hynix as suppliers. Those firms aren’t based in China, and they don’t use a single Chinese facility or packaging supplier either. That “clean” supply chain keeps Nvidia’s licences simple and shipments on time – and
               <i>
                that
               </i>
               keeps contracts and sales coming in.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
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                You might also like:
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                  <strong>
                   Copy to share story:
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                   https://app.finimize.com/content/sam-sunk
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                         <span style="font-family: Helvetica, Arial, sans-serif; font-size: 12px; font-weight: bold; color: #E6F14A; display: inline-block;">
                          FROM OUR RESEARCH DESK
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                          The Big, Not-Entirely-Beautiful Impact Of The New US Tax And Spending Law
                         </h2>
                         <p style="line-height: 1.5; margin-top: 0; margin-bottom: 16px; font-family: Helvetica, Arial, sans-serif; font-size: 14px; color: #FFFFFF; margin: 0;">
                          Russell Burns
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                     <p data-block-key="xjbe2" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      The
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       One Big Beautiful Bill Act
                      </a>
                      (OBBBA) is nearly 900 pages long, a sprawling collection of tax breaks, spending cuts, and other measures. And, frankly, no one expects you to read it all.
                     </p>
                     <p data-block-key="51gd9" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      But the bill – which was
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       signed into law
                      </a>
                      on Friday – is worth paying attention to.
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                      It’s the cornerstone of the US president’s second-term agenda – and it could have
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       major ripple effects
                      </a>
                      on the markets and your money.
                     </p>
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                      That’s today’s Insight:
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       what’s in the chunky new tax and spending law – and what it means for markets
                      </a>
                      .
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                        Read or listen to the Insight here
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                    <b>
                     Someone had to set the standard…
                    </b>
                   </h4>
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                    When you’re built to lead, others tend to fall in line. Just think of the iPhone, McDonald’s, Google, and Mercedes-Benz — they’re all inventions that set industry standards.
                   </p>
                   <p data-block-key="5vgcs" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     SPY
                    </a>
                    , too: State Street launched the first-ever US ETF in 1993, igniting an entire industry. Now, SPY — the world’s most traded ETF — trades $41 billion a day, on average. That’s over 3 times that of Apple, or more than the trading volumes for Microsoft, Amazon, and Meta combined.1
                   </p>
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                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     Get to know the original S&amp;P 500 ETF
                    </a>
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                    1 Bloomberg Finance, L.P., as of March 31, 2025.
                    <b>
                     Average daily trading volume calculated based on a 1-month average.
                    </b>
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              <span class="text-heading1 text-black font-black" style="font-weight: 900; color: #283444; font-size: 24px;">
               Me, Myself, And Prime
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                  <img alt="Me, Myself, And Prime" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-080725-Amazon.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dc6d41e70562bbc399d618da5c0f5fa8a/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTIwMTIyNzYuMTcwODc0fQ:1uZGQW:1RTGVyj_IrWkI6X5c4_DAT_QiEyJPfCohN02e5DYjho" style="border:0;border-radius:4px;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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              </h4>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
              </p>
              <p data-block-key="ip1it" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="66tn9" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Amazon launched its famous four-day “Prime Day” sale on Tuesday – but with both sellers and shoppers spooked by tariffs, this might become a party for one.
              </p>
              <p data-block-key="6sd7n" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="7ai8m" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Prime Day is like Amazon’s second Black Friday, with customers scouring the site for kitchenware, beauty products, and
               <a style="text-decoration: underline; font-weight: 500; color: #3C4857;">
                lobster slides
               </a>
               so deeply discounted that they’re practically free.
              </p>
              <p data-block-key="dihr7" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               📈 Thing is, tariffs have pushed up costs for many manufacturers. So, desperate to protect their profit margins, plenty of independent sellers are skipping the sale or dialing down the discounts this year.
              </p>
              <p data-block-key="511gv" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               🛒 It’s not like shoppers were preparing to stuff their carts anyway. One in four said they’ll spend less this year, and over half are tracking prices more closely.
              </p>
              <p data-block-key="c6b4c" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="e177" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 Zooming in:
                </i>
               </b>
               <i>
                Hopefully you like Amazon’s own-brand products…
               </i>
              </p>
              <p data-block-key="c9mn" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Independent sellers already have to hand Amazon up to a fifth of each sale in fees. Add the steep new taxes on top, and you can see why they’re protecting their bottom lines.
              </p>
              <p data-block-key="4ego2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ➡️ Amazon isn’t feeling the pinch, though. The firm cleverly stocked up before tariffs hit, so it can afford to run 40 to 50% discounts on its
               <i>
                own
               </i>
               products. Plus, Amazon has enough cash in its just-in-case fund to make Jeff Bezos’
               <a style="text-decoration: underline; font-weight: 500; color: #3C4857;">
                wedding
               </a>
               look cheap.
              </p>
              <p data-block-key="ce24j" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ➡️ The bottom line: every new levy widens the gap between established giants and the small brands that once made online marketplaces feel diverse.
              </p>
              <p data-block-key="aqqhi" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 The bigger picture:
                </i>
               </b>
               <i>
                A deal today, done tomorrow.
               </i>
              </p>
              <p data-block-key="4o684" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               July now hosts three major sale events competing for attention in the same week: Prime Day, Walmart Deals, and Target Circle Week. Adobe forecasts that trio will bring in nearly $24 billion in online spending this week – all of which would benefit this month’s economic top line (and keep package carriers busy). But if budgets run dry by September, retailers could be staring at an early end to the shopping season.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
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               <b>
                You might also like:
               </b>
               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                Why gold is (kind of) the world’s new reserve currency
               </a>
               .
              </p>
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/me-myself-and-prime
                  </a>
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                  QUOTE OF THE DAY
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                  "Life is like an onion. You peel it off one layer at a time, and sometimes you weep."
                 </p>
                 <span class="text-caption font-normal text-blackLight leading-normal" style="font-weight: 400; line-height: 1.5; color: #3C4857; font-size: 12px;">
                  – Carl Sandburg (an American poet and biographer)
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                       <p class="content-box-header mb-4" style="line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; font-weight: 900; font-size: 16px; margin-bottom: 16px;">
                        🎯 On Our Radar
                       </p>
                       <p data-block-key="wnzwo" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        1.
                        <b>
                         For lunch, I’ve served poison.
                        </b>
                        This host was found guilty of
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         murder with mushrooms
                        </a>
                        .
                       </p>
                       <p data-block-key="blh50" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        2.
                        <b>
                         Popularity can be a curse.
                        </b>
                        An audience can
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         make or break an influencer brand
                        </a>
                        .
                       </p>
                       <p data-block-key="3i8d" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        3.
                        <b>
                         And just like that…
                        </b>
                        You can
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         dine like Carrie and the girls with this restaurant roundup
                        </a>
                        .
                       </p>
                       <p data-block-key="bvtb8" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        4.
                        <b>
                         Not everyone can spring for a flight to the Nordics.
                        </b>
                        Turns out you can
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         see the Milky Way from the US
                        </a>
                        – if you pick the right backyard.
                       </p>
                       <p data-block-key="e6rl0" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
                        5.
                        <b>
                         From starting slow to defining success.
                        </b>
                        Five tips for
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         a startup founder.
                        </a>
                       </p>
                      </div>
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                        🎙 Finimize Live
                       </p>
                       <h4 data-block-key="9kfl2" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; margin-top: 24px; color: #171E27; font-size: 20px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif;">
                        Grab your free tickets...
                       </h4>
                       <p data-block-key="4t2qk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        🇺🇸
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         How To Navigate Today’s US Market
                        </a>
                        : July 15th
                       </p>
                       <p data-block-key="8u6e3" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
                        🚀
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         Modern Investor Summit 2025
                        </a>
                        : December 2nd and 3rd
                       </p>
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                 <td align="left" class="content disclaimer" style="font-size:0px;padding:32px 0 0;word-break:break-word;">
                  <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
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                    *State Street's Disclaimers
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                    <b>
                     Important Risk Information
                    </b>
                   </p>
                   <p data-block-key="docd" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    State Street Global Advisors (SSGA) is now State Street Investment Management. Please click
                    <a style="font-weight: 500; font-size: 12px; color: #9FA1A5; text-decoration: underline;">
                     here
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                    for more information.
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                   <p data-block-key="3or87" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    Investing involves risk including the risk of loss of principal.
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                    The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent.
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                    All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
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                    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.
                   </p>
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                    The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
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                    Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.
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                    Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.
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                    The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.
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                    This communication is not intended to be an investment recommendation or investment advice and should not be relied upon as such.
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                   <p data-block-key="a7ks2" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.
                   </p>
                   <p data-block-key="4nmb4" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
                   </p>
                   <p data-block-key="7qnkf" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.
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                    The S&amp;P 500® Index is a product of S&amp;P Dow Jones Indices LLC or its affiliates (“S&amp;P DJI”) and have been licensed for use by State Street Global Advisors. S&amp;P®, SPDR®, S&amp;P 500®, US 500 and the 500 are trademarks of Standard &amp; Poor’s Financial Services LLC (“S&amp;P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&amp;P Dow Jones Indices; and these trademarks have been licensed for use by S&amp;P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&amp;P DJI, Dow Jones, S&amp;P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.
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                    ALPS Distributors, Inc., member FINRA, is distributor for SPDR® S&amp;P 500®, SPDR® S&amp;P MidCap 400® and SPDR® Dow Jones Industrial Average, all unit investment trusts. ALPS Distributors, Inc. is not affiliated with State Street Global Advisors Funds Distributors, LLC.
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                    <b>
                     Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.ssga.com. Read it carefully.
                    </b>
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                    State Street Global Advisors Funds Distributors, LLC, member
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                     FINRA
                    </a>
                    ,
                    <a style="font-weight: 500; font-size: 12px; color: #9FA1A5; text-decoration: underline;">
                     SIPC
                    </a>
                    , One Iron Street, Boston, MA 02210.
                   </p>
                   <p data-block-key="egp4v" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    © 2025 State Street Corporation. All Rights Reserved.
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                    <b>
                     Not FDIC Insured – No Bank Guarantee – May Lose Value
                    </b>
                   </p>
                   <p data-block-key="cuvvu" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    Adtrax Code: 8054380.1.1.AM.RTL SPD003985
                   </p>
                   <p data-block-key="olo3" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; font-size: 12px; color: #9FA1A5;">
                    Expiration date: 07/31/26
                   </p>
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