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Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. Changes in real estate values or economic conditions can have a significant negative effect on issuers in the real estate industry, which may affect the fund, all of which may be magnified in international markets.

ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.

The "SPDR" trademark is used under license from The McGraw-Hill Companies, Inc. (“McGraw-Hill”). No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill.

Dow Jones & Company, Inc. is the owner of the trademarks and copyrights relating to the Dow Jones Indexes. The Dow Jones Wilshire IndexesSM are calculated and distributed by Dow Jones Indexes pursuant to an agreement between Dow Jones & Company, Inc. and Wilshire Associates Incorporated. Dow Jones and Wilshire are the respective service marks of Dow Jones and Wilshire Associates and have been licensed for use by State Street Bank and Trust Company. streetTRACKS products, based on the Dow Jones Wilshire Indexes are not sponsored, endorsed, sold, or promoted by Dow Jones or Wilshire and neither makes any representation regarding the advisability of investing in them. Inclusion of a company in the Dow Jones Wilshire Indexes does not in any way reflect an opinion of Dow Jones or Wilshire on the investment merits of the company.

Before investing, consider the funds’ investment objectives, risks, charges and expenses. A prospectus which contains this and other information about the fund can be obtained by calling 1.877.787.2297, or by visiting ssgafunds.com. Read it carefully before investing.

State Street Global Markets, LLC, member NASD, SIPC, is distributor for all SPDR products except for SPDR shares, Dow Diamonds® and Select Sector SPDRs which are distributed by ALPS Distributors, Inc., a registered broker-dealer.

© 2006 State Street Corporation. All Rights Reserved.

State Street Global Advisors