Title: SPDR S&P Europe Defense Vision UCITS ETF (Acc)

URL Source: https://doc.morningstar.com/document/dc19c658cb514a02bc86499c1bf3878c.msdoc/?clientid=ajbell&key=805803a4ca9fc338

Markdown Content:
This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Terms not defined herein are as defined in the Prospectus. 

# SPDR S&P Europe Defense Vision UCITS ETF (the "Fund") , a sub-fund of SSGA SPDR ETFs Europe II plc (a UCITS compliant Exchange Traded Fund). This Fund is managed by State Street Global Advisors Europe Limited. 

Share Class: SPDR S&P Europe Defense Vision UCITS ETF (Acc) (ISIN IE0008GRJRO8) Objectives and Investment Policy 

Investment Objective The investment objective of the Fund is to track the performance of European large, mid and small-sized companies engaged in defense-related activities. 

Investment Policy The investment policy of the Fund is to track the performance of the Index (or any other index determined by the Directors from time to time to track substantially the same market as the Index) as closely as possible, while seeking to minimise as far as possible the tracking difference between the Fund's performance and that of the Index. The Index is comprised of a minimum of 30 European domiciled companies across developed and emerging markets in Europe (excluding Russia) engaged in defense-related activities. This includes i) pure-play defense companies specializing in weapons systems, military equipment, and defense services, ii) other industrial businesses contributing to defense supply chains through activities including naval shipbuilding, production of armoured vehicles, and construction of military facilities and infrastructure, and iii) technology providers delivering secure communications, cybersecurity solutions, and advanced IT systems supporting military operations. Companies which fulfil the domicile, liquidity, size and sector criteria are eligible for selection for inclusion in the Index. Each eligible company is assigned an "Exposure Score" (ranging from 0-1) based on their revenue exposure to defense-related activities. Companies with an Exposure Score of 0 are deemed to have little or no exposure to defence-related activities and are excluded. Index constituents are selected based on their revenue exposure to defense-related activities, and weighted based on the product of their floated-adjusted market capitalisation and the Exposure Score. Index constituents may on occasion be rebalanced more often than the Index Rebalance Frequency, if required by the Index methodology, including for example where corporate actions such as mergers or acquisitions affect components of the Index. Although the Index is generally well diversified, because of the market it reflects it may, depending on market conditions, contain constituents issued by the same body that may represent more than 10% of the Index. In order for the Fund to track the Index accurately, the Fund will make use of the increased diversification limits available under Regulation 71 of the UCITS Regulations. These limits permit the Fund to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund's Net Asset Value. The Investment Manager and/or Sub-Investment Manager, on behalf of the Fund, will invest using the replication strategy as further described in the "Investment Objectives and Policies – Index Tracking Funds" section of the Prospectus, primarily in the securities of the Index, at all times in accordance with the Investment Restrictions set forth in the Prospectus. The Investment Manager and/or Sub-Investment Manager also may, in exceptional circumstances, invest in securities not included in the Index but that it believes closely reflect the risk and distribution characteristics of securities of the Index. The equity securities in which the Fund invests will be primarily listed or traded on Recognised Markets in accordance with the limits set out in the UCITS Regulations. Details of the Fund's portfolio and the indicative net asset value per Share for the Fund are available on the Website daily. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/or the day preceding any such day provided that a list of such closed market days will be published for the Fund on www.ssga.com ); and any other day at the Directors' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. The Shares of the EUR Class are issued in Euro. Please refer to the Prospectus for more information. 

Index Source: S&P MAKES NO EXPRESS OR IMPLIED REPRESENTATIONS, WARRANTIES OR CONDITIONS, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OR CONDITIONS OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE AND ANY OTHER EXPRESS OR IMPLIED WARRANTY OR CONDITION WITH RESPECT TO THE S&P EUROPE DEFENSE VISION INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL S&P HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS) RESULTING FROM THE USE OF THE S&P EUROPE DEFENSE VISION INDEX OR ANY DATA INCLUDED THEREIN, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. 

Risk and Reward Profile Lower risk Higher risk 

Potentially lower reward Potentially higher reward 

1 2 3 4 5 6 7

Risk Disclaimer The risk category above is not a measure of capital loss or gains but of how significant the rises and falls in the Fund's return have been historically. For example a fund whose return has experienced significant rises and falls will be in a higher risk category, whereas a fund whose return has experienced less significant rises and falls will be in a lower risk category. The lowest category (i.e., category 1) does not mean that a fund is a risk free investment. As the Fund's risk category has been calculated using historical simulated proxy data, it may not be a reliable indication of the Fund's future risk profile. The Fund's risk category shown is not guaranteed and may change in the future. 

Why is this Fund in this category? The Fund is in risk category 7 as its return has experienced very high rises and falls historically. The following are material risks relevant to the Fund which are not adequately captured by the risk category. 

Index Tracking Risk: The Fund's performance may not exactly track the Index. This can result from market fluctuations, changes in the composition of the Index, transaction costs, the costs of making changes to the Fund's portfolio and other Fund expenses. 

Liquidity Risk & ETF Liquidity Risk: Lack of a ready market or resale restrictions may limit the Fund's ability to sell a security at an advantageous time or price or at all. Illiquid securities may trade at a discount and may affect the ability to meet redemptions on a timely basis. Where the Fund invests in illiquid securities or does not trade in large volumes, the bid offer spreads may widen, the Fund may be exposed to increased valuation risk and reduced ability to trade. Shares in the Fund may also trade at prices materially different to the last available NAV. 

Emerging Market Risk: The Fund invests in securities issued by companies and/or governments and government agencies in emerging markets. Political, market, social, regulatory and/or economic instabilities in emerging market countries may reduce the value of the Fund's investments. 

# Key Investor Information Smaller Companies Risk: Small companies' securities may be more volatile and trade less frequently and in smaller volumes than those of larger companies. These companies may have limited product lines, markets or financial resources, may lack competitive Key Investor Information strength and may depend on a few key employees. Smaller companies may have limited or no track record of success. 

Concentration Risk: When the Fund focuses its investments in a particular sector and market, the financial, economic, business, and other developments affecting issuers in that sector and market will have a greater effect on the Fund than if it was more diversified. This concentration may also limit the liquidity of the Fund. Investors may buy or sell substantial amounts of the Fund's shares in response to factors affecting or expected to affect a sector and market in which the Fund focuses its investments. Please refer to the Prospectus for full details about the risks associated with this Fund. 

Charges 

The charges you pay are used to pay the cost of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. 

One-off charges taken before or after you invest 

Entry charge none Exit charge none This is the maximum that might be taken out of your money before it is invested (entry charge) or before the proceeds of your investment are paid out (exit charge). 

Charges taken from the Fund over a year 

Ongoing charge 0.30% 

Charges taken from the Fund under certain specific conditions 

Performance fee none 

The entry and exit charges shown are maximum figures. In some cases, you might pay less – you can find this out from your financial advisor or distributor. Entry and exit charges are not applicable to investors buying/selling shares of the Fund on stock exchanges, but these investors will do so at market prices and may be subject to broker fees and/or other charges. The ongoing charges figure shown here is an estimate of the charges. It excludes:  

> b

Portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another fund For more information about charges please refer to the "Fees and Expenses" section of the prospectus and the Fund supplement. 

Past Performance 

%

The Share Class does not yet have sufficient data to provide a useful indication of past performance to investors. 

2020 2021 2022 2023 2024 

Past performance is not a guide to future results. The Fund has not yet launched. 

Practical Information 

Depositary State Street Custodial Services (Ireland) Limited. 

Further Information Copies of the prospectus, its supplements, details of the Fund's portfolio and the latest annual and semi-annual reports prepared for SSGA SPDR ETFs Europe II plc may be obtained, free of charge, from the Administrator or online at www.ssga.com . These documents are available in English. 

Remuneration Policy Details of the up to date remuneration policy of SSGA SPDR ETFs Europe II plc are available from www.ssga.com . Paper copies are available free of charge on request. 

Net Asset Valuation Publication The net asset value and indicative net asset value per share is available at www.ssga.com and at the registered office of the company. Additionally the indicative net asset value is available via Bloomberg, Telekurs and Reuters terminals. 

Tax Legislation The Fund is subject to the tax laws and regulations of Ireland. Depending on your own country of residence this might have an impact on your investments. For further details, you should consult a tax advisor. 

Liability Statement State Street Global Advisors Europe Limited may be held liable for any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. 

Switching between Sub-Funds Shareholders have no specific right to convert shares of the Fund into shares of another sub-fund of SSGA SPDR ETFs Europe II plc. Conversion can only be effected by the investor selling/ redeeming the shares of the Fund and buying/subscribing shares of another sub-fund of SSGA SPDR ETFs Europe II plc. Detailed information on how to switch between sub-funds is provided in the "Purchase and Sale Information -Conversions" section of the prospectus. 

Segregation of Assets and Liabilities SSGA SPDR ETFs Europe II plc has segregated liability between its sub-funds. As a consequence, the assets of the Fund should not be available to pay the debts of any other sub-fund of SSGA SPDR ETFs Europe II plc. 

This Fund is authorised in Ireland and regulated by the Central Bank of Ireland. State Street Global Advisors Europe Limited is a Company approved by the Central Bank of Ireland, under no. 49934. This key investor information is accurate as at 13 May 2025. 

# Key Investor Information