State Street Global Advisors (SSgA)*, the asset management arm of State Street Corporation (NYSE:STT), today announced the launch of the SPDR SSgA Ultra Short Term Bond ETF (Symbol: ULST). The newest actively managed SPDR ETF began trading on the NYSE Arca on October 10, 2013, and provides investors with access to a diversified portfolio of ultra short term bonds. “The SPDR SSgA Ultra Short Term Bond ETF is an attractive option for the cash investor who is seeking incremental yield but does not want to sacrifice liquidity,” said James Ross, senior managing director and global head of SPDR ETFs at SSgA. “We are seeing tremendous flows year to date in short and ultra short term bonds, as investors are increasingly anticipating rising interest rates.” “As one of the world’s leading cash and high quality fixed income managers, our team has significant experience and a proven, disciplined approach to credit research,” said Steve Meier, SSgA’s chief investment officer of fixed income, cash and currency. “This gives us the latitude to exploit inefficiencies in the fixed income market allowing for opportunistic portfolio positioning.” SSgA is one of the largest cash managers, with more than 30 years of experience, $385 billion in global cash assets and an established track record as active manager of cash and fixed income strategies through many market cycles. The SPDR SSgA Ultra Short Term Bond ETF seeks to provide income, preservation of capital and daily liquidity by primarily investing in US dollar-denominated investment grade bonds that are rated a minimum of A- or A3 and have an effective duration between three and nine months. Portfolio holdings will include a range of fixed and floating securities, including corporate obligations, government bonds, agency securities and ETFs. The SPDR SSgA Ultra Short Term Bond ETF’s expense ratio is 0.20 percent. SSgA manages more than $337 billion** in SPDR ETF assets worldwide (as of June 30, 2013) and is one of the largest ETF providers globally.