State Street Investment Management Launches Saudi Focused ETF in Singapore

SINGAPORE September 3, 2025 - State Street Investment Management, the asset management business of State Street Corporation (NYSE: STT), today announced the cross-listing of the SPDR^® J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (Acc) in Singapore, a newly available Saudi-focused fixed income exchange traded fund (ETF) for investors in the city-state.

The ETF was listed on the Singapore Exchange on September 3, 2025 (Stock Code: KSB). PIF is an anchor investor in the ETF, a vehicle reinforcing PIF's role in enabling greater international access to Saudi Arabia's diversified and dynamic capital market. The ETF was initially launched on the Deutsche Börse in December 2024, and then cross-listed on the London Stock Exchange and subsequently on the Borse Italiana.

This cross-listing plays a key role in PIF's wider ETF strategy, working with world-class partners to develop and seed new products to ease access for international investors and attract foreign capital into Saudi's capital market.

The ETF tracks the newly created J.P. Morgan Saudi Arabia Aggregate Index, providing investors with access to Saudi financial instruments, including liquid, dollar-denominated, SAR-denominated government and quasi-government Saudi bonds, including sukuk bonds.

At the listing ceremony in Singapore, Anna Paglia, Chief Business Officer at State Street Investment Management, said: "We are excited to bring this Saudi Arabia-focused ETF to Singapore. In light of the growth and increasing accessibility of both the local and hard currency bond markets in the Gulf Cooperation Council (GCC) countries, Saudi Arabian bonds have become a compelling area for portfolio diversification. The ETF offers Singapore investors a unique opportunity to tap on the strengthening investment ties between Singapore and Saudi Arabia. The ETF has attracted significant investor interest in Europe, demonstrating strong institutional backing and confidence in the product."

Abdulmajeed Alhagbani, Head of Securities Investments at PIF, said: "Today marks a significant milestone as we continue to deepen capital inflow into Saudi Arabia. The cross-listing of this ETF reflects strong global confidence in Saudi Arabia's economy while broadening access to the region's capital markets for Singaporean investors. This accelerates the growth of Saudi Arabia's capital markets ecosystem and supports the country's economic transformation in line with Saudi Vision 2030, reinforcing PIF's commitment to opening gateways to Saudi's dynamic market and creating exciting opportunities for international investment."

The cross-listing of the SPDR^® J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (Acc) marks the latest development in the cementing of PIF's role in enabling greater international access to Saudi Arabia's capital market, driving cross-border opportunities and increasing foreign investment into the country. PIF has already invested in ETFs listed in Hong Kong, Shanghai, Shenzhen and Tokyo, significantly increasing liquidity and capitalization, broadening the investor base, and providing additional free float.

For more information on the ETF, visit the link here.

About State Street Investment Management

State Street Global Advisors is now State Street Investment Management. Please click here for more information.

At State Street Investment Management, we have been helping to deliver better outcomes to institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over US$5 trillion in assets managed^*, clients in over 60 countries, and a global network of strategic partners, we use our scale to create a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go.

^*This figure is presented as of June 30, 2025 and includes ETF AUM of $1,689.83 billion USD of which approximately $116.05 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.

Important Risk Information

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The information provided in this document 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. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, 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 prospectus in respect of the offer of the units (the "Units") in the SPDR^® J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (Acc) (the "Fund") is available and may be obtained upon request from State Street Global Advisors Singapore Limited ("SSGA", Company Registration number: 200002719D). Investors should read the prospectus before deciding whether to acquire Units in the Fund. The value of Units and the income accruing to such Units may fall or rise. Units in the Fund are not obligations of, deposits in, or guaranteed by, SSGA or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Past performance figures are not necessarily indicative of future performance of the Fund. Investors may wish to seek advice from a financial adviser before making a commitment to purchase the Units. In the event that Investors chooses not to seek advice from a financial adviser, he should consider whether the product in question is suitable for him. Investors have no right to request SSGA to redeem their Units while the Units are listed. It is intended that holders of Units may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This publication has not been reviewed by the Monetary Authority of Singapore.

Past performance is not necessarily indicative of the future performance.

Diversification does not ensure a profit or guarantee against loss.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. Frequent trading of ETF's could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

State Street Global Advisors Singapore Limited Singapore address: 168 Robinson Road, #33-01 Capital Tower, Singapore 068912 (Company Reg. No: 200002719D, regulated by the Monetary Authority of Singapore). Telephone: +65 6826-7555. Facsimile: +65 6826-7501.

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Exp. Date: 31/08/2026

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