Investing involves risk including the risk of loss of principal.

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.

Important Information: Apollo is not a sponsor, distributor, promoter, or investment adviser to the Fund. Apollo has entered into a contractual agreement with the Fund whereby it is obligated to provide firm bids on asset-backed and corporate finance instruments sourced by Apollo (each an “AOS Investment”) to the Fund on a daily basis at certain intervals and is required to repurchase AOS Investments that the Fund has purchased at the firm bid price offered by Apollo, subject to, but not limited to, contractual levels designed to cover the estimated seven-day stress redemption rate as of the date hereof. The sale of AOS Investments to Apollo is not exclusive and the Fund may seek to sell AOS Investments to other counterparties.

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State Street Global Advisors Funds Distributors, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained Loomis Sayles, Blackstone liquid Credit Strategies LLC, DoubleLine Capital LP and Nuveen Asset Management as the sub-advisors to certain funds. State Street Global Advisors Funds Distributors, LLC is not affiliated with Loomis Sayles, DoubleLine Capital LP, Nuveen Asset Management and Blackstone liquid Credit Strategies LLC.

SSGA Funds Management, Inc. (“SSGA FM”) serves as the investment adviser to EMHC. State Street Global Advisors Limited, an affiliate of SSGA FM, serves as investment sub-adviser to EMHC.

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Bonds generally presents less short-term risk and volatility than stocks, but contains interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Prior to 02/26/2021, the SPDR Blackstone Senior Loan ETF (SRLN) was known as the SPDR Blackstone / GSO Senior Loan ETF (SRLN). Prior to 05/01/2021, the SPDR ICE Preferred Securities ETF (PSK) was called SPDR Wells Fargo Preferred Stock ETF (PSK).

Prior to 10/31/2021, the SPDR® Bloomberg High Yield Bond ETF (JNK) was known as the SPDR® Bloomberg Barclays High Yield Bond ETF (JNK). Prior to 10/31/2021, the SPDR® Bloomberg Short Term High Yield Bond ETF (SJNK) was known as the SPDR® Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). Prior to 10/31/2021, the SPDR® Bloomberg Investment Grade Floating Rate ETF (FRLN) was known as the SPDR® Bloomberg Barclays Investment Grade Floating Rate ETF (FRLN). Prior to 10/31/2021, the SPDR® Bloomberg 1-10 Year TIPS ETF (TIPX) was known as the SPDR® Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). Prior to 10/31/2021, the SPDR® Bloomberg 1-3 Month T-Bill ETF (BIL) was known as the SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL). Prior to 10/31/2021, the SPDR® Bloomberg 3-12 Month T-Bill ETF (BILS) was known as the SPDR® Bloomberg Barclays 3-12 Month T-Bill ETF (BILS). Prior to 10/31, 2021, the SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) was known as the SPDR® Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). Prior to 10/31, 2021, the SPDR® Nuveen Bloomberg Municipal Bond ETF (TFI) was known as the SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF (TFI). Prior to 10/31, 2021, the SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF (SHM) was known as the SPDR® Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM). Prior to 10/31, 2021, the SPDR® Bloomberg Emerging Markets USD Bond ETF (EMHC) was known as the SPDR® Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC). Prior to 10/31, 2021, the SPDR® Bloomberg Emerging Markets Local Bond ETF (EBND) was known as the SPDR® Bloomberg Barclays Emerging Markets Local Bond ETF (EBND). Prior to 10/31, 2021, the SPDR® Bloomberg International Corporate Bond ETF (IBND) was known as the SPDR® Bloomberg Barclays International Corporate Bond ETF (IBND). Prior to 10/31, 2021, the SPDR® Bloomberg International Treasury Bond ETF (BWX) was known as the SPDR® Bloomberg Barclays International Treasury Bond ETF (BWX). Prior to 10/31, 2021, the SPDR® Bloomberg Short Term International Treasury Bond ETF (BWZ) was known as the SPDR® Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ). Prior to 10/31, 2021, the SPDR® Bloomberg Convertible Securities ETF (CWB) was known as the SPDR® Bloomberg Barclays Convertible Securities ETF (CWB).