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State Street Global Advisors Launches Global Real Estate Mutual Fund with CBRE Clarion Securities

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State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE:STT) , today announced the launch of the State Street Clarion Global Real Estate Income Fund, an open-end global real estate mutual fund. Developed by SSGA and CBRE Clarion Securities, a leading investment manager specializing in real estate and infrastructure securities, the Fund seeks to deliver attractive income and growth potential through an actively managed portfolio of publicly-traded companies that primarily own and operate commercial real estate and derive a majority of their revenue from rental income.

“Demand for global real estate exposure is increasing across our client base amid growing awareness of the potential benefits of the asset class, which include low correlations with other asset classes, competitive returns and stable income,” said Scott Ebner, senior managing director and global head of product development and research at State Street Global Advisors. “CBRE Clarion Securities’ global footprint, extensive research capabilities and impressive investment track record made them an obvious choice to partner with to meet this increasing demand.”

The State Street Clarion Global Real Estate Income Fund seeks to deliver attractive total return with an emphasis on income. CBRE Clarion Securities’ investment process combines top-down asset allocation with bottom-up stock selection, emphasizing higher yield real estate markets and property sectors worldwide experiencing the strongest fundamentals. Focus is placed on high-quality companies with well-managed balance sheets as well as above-average cash flow and dividend growth potential.

The CBRE Clarion Securities’ team managing the Fund includes co-chief investment officers Ritson Ferguson, Steven Burton and Joseph Smith.

“We are pleased to have expanded our relationship with SSGA to offer an alternative to investors seeking global real estate exposure with a focus on income,” said Ritson Ferguson, CBRE Clarion’s chief executive officer and co-chief investment officer.

About CBRE Clarion Securities

CBRE Clarion Securities is a leading global investment management firm specializing in real assets including listed real estate and infrastructure securities. Headquartered near Philadelphia, the firm has over 80 employees located in offices in the United States, United Kingdom, Hong Kong, Japan and Australia. CBRE Clarion Securities is the listed equity a management arm of CBRE Global Investors. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG) , the world’s premier, full-service commercial real estate services and investment company.

About State Street Global Advisors

State Street Global Advisors (SSGA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSGA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.

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Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

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Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

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Investing in REITs involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline).

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The Fund’s shares will change in value, and you could lose money by investing in the Fund. The Fund may not achieve its investment objective. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

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 SSgA Funds.

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 1-800-997-7327 or visit www.ssgafunds.com. Read it carefully.

CORP-1113

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