RE: Fee Waiver and/or Expense Reimbursement Arrangement Agreements
October 31, 2024
Xx. Xxxxx Xxxxxxxxx Treasurer
c/o SSGA Funds Management, Inc.
One Iron Street
Boston, Massachusetts 02210
| RE: | Fee Waiver and/or Expense Reimbursement Arrangement Agreements |
Dear Xx. Xxxxxxxxx:
SSGA Funds Management, Inc. (“SSGA FM”), as the investment adviser to each series of SPDR Series Trust (the “Trust”), (each a “Fund” and collectively, the “Funds”) whose fiscal year-end is June 30, agrees to waive its management fee and/or reimburse certain expenses, for each Fund in the Trust, in an amount equal to any acquired fund fees and expenses (“AFFEs”), excluding AFFEs derived from a Fund’s holdings in acquired funds for cash management purpose, if any, until October 31, 2025 (the “Expiration Date”).
This fee waivers and/or expense reimbursements (“Fee Waiver”) set forth above: (i) supersedes any prior Fee Waiver for the applicable Fund, (ii) is subject to the terms and conditions of the Investment Advisory Agreement, (iii) does not provide for the recoupment by SSGA FM of any amounts waived or reimbursed, and (iv) may only be terminated during the relevant period with the approval of the Funds’ Board of Trustees.
SSGA FM and the Funds’ Officers are authorized to take such actions as they deem necessary and appropriate to continue each of the above stated Fee Waivers for additional periods, including of one or more years, after the Expiration Date of each Fee Waiver.
If these arrangements are acceptable to you, please sign below to indicate your acceptance and agreement and return a copy of this letter to me.
Sincerely,
| SSGA FUNDS MANAGEMENT, INC. | ||
| By: | /s/ Xxx X. Xxxxxxxxx | |
| Xxx X. Xxxxxxxxx | ||
| Chief Operating Officer | ||
| Accepted and Agreed: | ||
| SPDR SERIES TRUST, | ||
| ON BEHALF OF EACH SERIES OF THE TRUST REFERENCED ABOVE | ||
| By: | /s/ Xxxxx Xxxxxxxxx | |
| Xxxxx Xxxxxxxxx | ||
| Treasurer | ||
