Notice to shareholders 15 December 2017 Dear Shareholder, We are writing to you in your capacity as a shareholder ( Shareholder ) of State Street Global Advisors Luxembourg SICAV (the SICAV ) to inform you of the upcoming changes to the SICAV s prospectus (the Prospectus ) dated October 2017, which will take effect as of 1 January 2018. The main changes proposed in this Prospectus reflect the appointment of (i) Irish domiciled State Street Global Advisors s Management Limited as the management company of the SICAV following its passporting to Luxembourg from Ireland and (ii) State Street Global Advisors Ireland Limited as the global distributor of the SICAV. We also propose some further clarifications, modifications and updates as specifically detailed below. For full details of the proposed changes please refer to the updated Prospectus once available. A. Prospectus The following amendments have been made to the main body of the Prospectus: I. Directory a) Appointment of a new management company of the SICAV The Directory was updated in order to reflect the appointment of State Street Global Advisors s Management Limited with registered office at 78 Sir John Rogerson s Quay, Dublin 2, Ireland as the new management company of the SICAV. The proposal to appoint State Street Global Advisors s Management Limited as the new management company reflects State Street Global Advisor s decision to streamline its operations and create one pan-european Super ManCo for cross-border funds in Europe (ex-uk). State Street Global Advisors s Management Limited already acts as a UCITS management company and as an AIFM. The UCITS funds and the AIFs overseen by State Street Global Advisors s Management Limited have similar investment strategies as the SICAV. Information in the Prospectus relating to the board of directors of the management company has been updated to reflect the composition of the current board of directors of State Street Global Advisors s Management Limited. 1
The relevant sections of the Prospectus referring to the management company have been updated accordingly. Please note that your rights and obligations as a shareholder in the SICAV will not be impacted by this appointment. Also, the fees charged to the SICAV will not increase as a result of this appointment. b) Appointment of a new global distributor of the SICAV The Directory was updated in order to reflect the appointment of State Street Global Advisors Ireland Limited as a new global distributor of the SICAV. Please note that State Street Global Advisors Limited, State Street Global Advisors France and State Street Global Advisors Luxembourg Management S.à r.l. will temporarily remain in the Prospectus as distributors of the SICAV. However, in the long term, we aim to ensure that all the distribution activities and appointments of subdistributors are streamlined and centralised at the level of State Street Global Advisors Ireland Limited. State Street Global Advisors Ireland Limited has recently been appointed as an additional distributor of the SICAV to prepare the transition to the new global distributor in advance of the appointment of the new management company. The fees charged to the SICAV are not increasing as a result of these appointments. c) Changes to the board of directors of the SICAV (the Board ) We also reflected the following changes to the Board: appointment of Alex Castle as the Chair of the Board; appointment of Bryan Greener as a director of the Board. II. Performance fee language None of the sub-funds in the SICAV (the s ) apply or may apply performance fees. Therefore, we removed the performance fee language from the Prospectus. III. Risk disclosures We updated the Conflicts of Interest Risk and EMIR and OTC derivatives contract risk in order to reflect latest regulatory developments, in particular, EMIR and MiFID II. We removed the Latin America risk from the Prospectus since there are no s offering this investment strategy. 2
We also made some minor changes and corrected certain typos in other risk disclosures. Please note that the proposed changes do not modify the risk profile of the s. IV. Liquidation We decided to increase the threshold below which it has discretion to compulsorily redeem all, but not some, of the shares of any. Consequently it can apply such discretion if the NAV of a has decreased to, or has not reached, 100,000,000 or equivalent in the relevant base currency instead of current threshold of 50,000,000. The purpose of this change is to give the Board more possibilities to rationalise the s if required by efficiency objectives in the interest of Shareholders. V. Benchmark regulation We added a new section 10.4 entitled Benchmark Contingency Plan in the Prospectus reflecting SICAV s procedures in case an index used by any materially changes or ceases to be provided. The SICAV will ensure that any proposal or decision to change an index is progressed in accordance with the terms of the Prospectus including any relevant requirements relating to shareholder notification or consent. B. Supplements a. Changes to the amental Equity s We clarified the investment objectives of the amental Equity s by indicating that they seek to generate capital growth over the long term and not over the medium term. b. Correction of the maximum investment management fee and TER of State Street Enhanced Emerging Markets Equity We noticed that the maximum investment management fees and TER of State Street Enhanced Emerging Markets Equity were erroneously overstated in the previous version of the Prospectus dated October 2017. Note that the actual fees which have been charged are in line with the lower fees indicated below and not at the erroneous higher rate. 3
The relevant fees were corrected as follows: Name Share Class Maximum Investment Management Fee State Street Enhanced Emerging Markets Equity A 0.55% (was 0.60%) State Street Enhanced Emerging Markets Equity A Hedged 0.58% (was 0.63%) State Street Enhanced Emerging Markets Equity P 0.95% (was State Street Enhanced Emerging Markets Equity P Hedged 0.98%) 0.98% (was 1.01%) Maximum TER 0.84% (was 0.89%) 0.87% (was 0.92%) 1.24% (was 1.27%) 1.27% (was 1.30%) c. Creation of the S Share Class in State Street Australia Index Equity The unhedged S Share Class for State Street Australia Index Equity will be launched on or around the effective date of the new Prospectus (set out at the beginning of this notice). Please refer to the relevant supplement for further information on the characteristics associated with this Share Class. d. Changes to State Street US Corporate Bond Index We removed references to State Street Global Advisors, a division of State Street Bank and Trust Company acting as the Sub-Investment Manager since the portfolio management activities for this are performed exclusively by the Investment Manager since the second week of October. e. Bloomberg Barclays Index Following the acquisition of Barclays Risk Analytics and Index Solutions Ltd. by Bloomberg L.P., the names of the following reference indices have been amended in the relevant supplements: Name State Street Euro Inflation Linked Bond Index State Street Global Green Bond Index Index Name Change Bloomberg Barclays Eurozone All Consumer Price Index Bloomberg Barclays MSCI Global Green Bond Index 4
C. Documents available for inspection The changes described above will take effect on 1 January 2018. Copies of the SICAV s updated Prospectus and KIIDs will be made available free of charge during normal office hours at the registered office of the SICAV or SICAV s local agents, as required by law. For the avoidance of doubt, capitalised terms used in this notice shall bear the same meaning set out in the updated Prospectus. Luxembourg, December 2017 The board of directors of State Street Global Advisors Luxembourg SICAV. 5