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SSgA Upromise 529 Plan Tops $1 Billion In Assets

State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced that assets in the SSgA Upromise® 529 Plan have surpassed $1 billion. The SSgA Upromise 529 Plan is the nation’s largest 529 plan featuring an investment lineup predominately composed of exchange traded funds (ETFs).

“This milestone represents a successful start for the SSgA Upromise 529 Plan,” said Steve Coyle, managing director and head of the U.S. Sub-Advisory group at State Street Global Advisors. “While ETFs are relatively new to the 529 market, we’re confident their use will grow rapidly as families saving for college better understand their core benefits.”

Launched in April 2012 in partnership with the State of Nevada and Upromise Investments, Inc., the SSgA Upromise 529 (the plan) is designed to lower costs and simplify investment choices for families saving for college. The Plan offers static portfolio options that invest in individual SPDR® exchange traded funds (ETFs) and college-date and risk-based portfolio options managed by SSgA’s Investment Solutions Group, a dedicated team of investment professionals who develop customized solutions tailored to specific needs. The group specializes in managing and advising investors on asset allocation, risk management, portfolio construction and plan implementation. The Plan also offers a Savings Portfolio that invests in the Sallie Mae High Yield Savings Account. Upromise Investments, Inc., a leading administrator of 529 college savings plans, is the program manager.

State Street manages more than $340** billion in SPDR ETF assets worldwide (as of December 31, 2012) and is one of the largest ETF providers globally.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company. The funds provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street created the first ETF in 1993 (SPDR S&P 500® – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income and sector ETFs. For more information, visit

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.

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