Bats Welcomes State Street Global Advisors to the Bats ETF Marketplace

Bats Global Markets (Bats), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), as a new issuer with the listing of the SPDR DoubleLine Emerging Markets Fixed Income ETF (Bats: EMTL) and the SPDR DoubleLine Short Duration Total Return Tactical ETF (Bats: STOT).

Both issues began trading today on the Bats ETF Marketplace.

The SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT) seeks to maximize current income with a weighted average effective duration between one and three years.1 STOT is managed by Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine Capital, Philip Barach, DoubleLine president and Jeffrey Sherman. The fund seeks to maximize total return over a full market cycle through active sector and security selection across a broad range of fixed income securities that could include issues or guarantees by the U.S. government, foreign and domestic corporate bonds, emerging market bonds and agency and non-agency mortgage backed securities. STOT has a gross expense ratio of 0.50 percent and a net expense ratio of 0.45 percent.

The SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) seeks to provide high total return from current income and capital appreciation. EMTL is managed by Luz Padilla, director of DoubleLine’s International Markets Fixed Income Team, Mark Christensen and Su Fei Koo. The fund seeks to maintain a weighted average effective duration between two and eight years through active security selection that combines bottom-up research with sovereign macro overlays.

EMTL offers actively managed exposure to fixed income instruments from emerging market sovereign and corporate issuers, with no more than 20 percent of assets allocated to a single country or in fixed income securities that are unrated or rated BB+ or Ba1 or lower. The SPDR DoubleLine Emerging Markets Fixed Income ETF has a gross expense ratio of 0.75 percent and a net ratio of 0.65 percent.

“We are excited State Street has entrusted Bats as the listing venue for these two new ETFs and we look forward to a strong partnership,” said Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats. “As a pioneer and thought leader in the ETF industry, State Street Global Advisors has been a pivotal force in the growth and development of the industry and helping investors reach their investment goals with their innovative products and services.”

Bats ranks as the top exchange operator for ETF trading with the Bats Exchanges – BYX, BZX, EGDA, EDGX – executing 26.2% of all ETF trading in February. Bats was the #1 U.S. market for ETF trading for every month of 2015 and the #2 U.S. market for overall equities trading.

Additional information regarding listing and trading on the Bats ETF Marketplace is available on the Bats website. ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.

About Bats Global Markets, Inc.

Bats Global Markets, Inc., is a leading global operator of exchanges and services for financial markets, dedicated to Making Markets Better. We are the second-largest stock exchange operator in the U.S., operate the largest stock exchange and trade reporting facility in Europe, and are the #1 market globally for ETF trading, We also operate two fast-growing U.S. options exchanges. In the global foreign exchange market, we operate Hotspot. ETF.com, a leading provider of ETF news, data and analysis, is a wholly-owned subsidiary. The company is headquartered in Kansas City with offices in New York, London, Chicago, San Francisco and Singapore. Visit bats.com and @BatsGlobal for more information.

About DoubleLine Capital

DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940, manages $95 billion in assets invested in fixed income, equities, commodities and asset-allocation strategies. DoubleLine-managed investment vehicles include open-end mutual fund, closed-end fund, exchange-traded fund, hedge fund, variable annuity, UCITS and separate account. DoubleLine’s offices in Los Angeles, CA can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. Media can reach DoubleLine by e-mail at media@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.

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 Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by 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 www.spdrs.com.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR® ETFs. With trillions* in assets under management, our scale and global footprint provide access to markets and asset classes, and allow us to deliver expert insights and investment solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2.24 trillion as of December 31, 2015. AUM reflects approx. $22.0 billion (as of December 31, 2015) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

Disclaimer

Bats and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. You cannot invest directly in an index. This press release speaks only as of this date. Bats disclaims any duty to update the information herein.

The Bats Issuer Incentive program allows issuers to benefit from listing on Bats by receiving an annual payment for each Bats listing exceeding consolidated average daily volume of 1 million shares per day. The Bats Lead Market Maker (LMM) program incentivizes market makers for their participation in Bats-listed ETPs, earning larger incentives for providing liquidity and reduced costs for removing liquidity in their assigned ETPs. LMMs also earn further economic incentives for making markets in additional ETP products listed on Bats.

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1 Duration is a measure of the sensitivity of the price of a fixed income investment to a change in interest rates expressed as a number of years.

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