State Street AUT - Global Treasury 1-5 Year Bond Index Fund GBP Acc

Investment Objective The objective of the Fund is to track the performance of the Bloomberg 1-5Y G7 Treasury GBP Hedged Index (the "Index"), net of withholding taxes, as closely as possible on a "gross of fees" basis. This Index represents the performance of the global government bond markets of the G7 countries, whose maturities range between 1-5 years with currency exchange rate exposures hedged to Pound Sterling. Investment Policy The Fund is an index tracking fund (also known as a passively managed fund). The Fund invests primarily in securities included in the Index, which excludes such securities as determined by the Screen Provider. The Fund invests primarily in securities included in the Index, which excludes securities based on certain criteria in relation to controversial weapons and controversial behaviours as defined by the Screen Provider. The Fund will seek to achieve the objective by using a replication strategy. This replication strategy seeks to hold all of the securities of the investable universe, with the approximate pro-rated weightings as per the Index after the removal of the Excluded Securities. The Fund may use financial derivatives in order to manage the portfolio efficiently. The Fund may lend up to 70% of the securities it owns. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. Unitholders may redeem units on any business day in England and Wales when the London Stock Exchange is open for trading (other than days on which relevant financial markets are closed for business, the last business day before Christmas, and in exceptional circumstances, any other day at the Manager's discretion). The Fund's units are issued in Pound Sterling. Index Source: The Index is the intellectual property of the Index provider. The Fund is not sponsored or endorsed by the Index provider. The Index provider does not provide any warranty or accept any liability in relation to any error relating to the Index, including any error in respect of the quality, accuracy or completeness of Index data, and does not guarantee that the Index will be in line with the described Index methodology. Please see the Prospectus for the full index disclaimer. Please refer to the Prospectus for more information.