SSGA Mutual Funds 2024 Estimated Capital Gain Distributions

The above targets are estimates based on certain assumptions and analysis made by SSGA. There is no guarantee that the estimates will be achieved.

State Street Global Advisors One Iron Street, Boston, MA 02210. T: +1 866 787 2257.

Important Risk Information

This communication is not intended to be an investment recommendation or investment advice and should not be relied upon as such.

Investing involves risk including the risk of loss of principal.

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.

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.

Past performance is not a reliable indicator of future performance.

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.

Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated.

Performance returns for periods of less than one year are not annualized.

Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, 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.

The numbers in the table are not the distributable amounts. The distributable amounts will be affected by adjustments to the gain or loss amounts and may also be affected by certain tax laws applicable only to excise and year-end distributions. Additionally, distributions may be affected by redemptions in the Funds and changes in the outstanding shares.

Distributions paid in January, but declared by a Fund in October, November or December of the previous year, payable to shareholders of record in such a month, may be taxable to you in the previous year.

The Funds listed above have historically paid dividends to investors and/or invest in the securities of dividend paying issuers; however, there is no guarantee that these Funds will consistently pay dividends to investors in the future or will appreciate in value. Investors could lose money by investing in mutual funds.

This information is an estimate of capital gains only. Actual capital gains will vary from those presented above. This data is for informational purposes only and does not constitute tax advice and should not be relied upon for tax planning.

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Exp: 10/31/2025