Sector returns can vary widely over the last 10+ years the average difference between the

e best performing and worst performing sectors has been more than 40% per year. Investors can moderate this volatility by owning each sector in equal proportion.

2003
Technology 39.05 Materials 37.50 Consumer Discretionary 36.98 Industrials 32.50 Financials 30.53 Equal Sector 28.17 Energy 26.36 Utilities 25.82 Healthcare 14.76 Consumer Staples 10.96

2004
Energy 33.40 Utilities 23.79 Industrials 17.42 Equal Sector 14.12 Materials 13.24 Consumer Discretionary 12.89 Financials 10.59 Consumer Staples 7.80 Technology 5.21 Healthcare 1.45

2005
Energy 40.23 Utilities 16.52 Equal Sector 8.07 Healthcare 6.44 Financials 6.21 Materials 4.14 Consumer Staples 2.84 Industrials 2.78 Technology -0.12 Consumer Discretionary -6.52

2006
Utilities 20.58 Financials 18.83 Consumer Discretionary 18.43 Energy 18.29 Materials 18.26 Equal Sector 15.99 Consumer Staples 14.58 Industrials 13.59 Technology 12.10 Healthcare 7.53

2007
Energy 36.34 Materials 21.98 Utilities 19.10 Technology 15.19 Consumer Staples 14.46 Industrials 13.19 Equal Sector 9.65 Healthcare 7.09 Consumer Discretionary -13.38 Financials -18.79

2008
Consumer Staples -14.97 Healthcare -23.15 Utilities -29.08 Consumer Discretionary -33.41 Equal Sector -35.16 Energy -38.79 Industrials -38.87 Technology -41.38 Materials -43.99 Financials -55.19

2009
Technology 50.94 Materials 48.48 Consumer Discretionary 41.16 Equal Sector 27.79 Industrials 22.63 Energy 21.58 Healthcare 19.82 Financials 17.50 Consumer Staples 14.22 Utilities 11.41

2010
Industrials 27.82 Consumer Discretionary 27.46 Energy 21.78 Materials 20.55 Equal Sector 16.11 Consumer Staples 13.79 Financials 11.91 Technology 11.39 Utilities 5.30 Healthcare 3.30

2011
Utilities 19.51 Consumer Staples 14.00 Healthcare 12.42 Consumer Discretionary 5.95 Equal Sector 3.30 Energy 2.98 Technology 2.67 Industrials -1.02 Materials -10.97 Financials -17.16

20121
Technology 22.40 Financials 21.43 Consumer Discretionary 21.11 Healthcare 17.47 Equal Sector 14.44 Consumer Staples 12.48 Materials 11.48 Industrials 9.94 Energy 7.69 Utilities 4.15

S&P 500 28.68 10.88 4.91 15.79 5.49 -37.00 26.46 15.06 2.11 16.44

Source: Bloomberg

Data shown in percentages.

PERFormance
Equal Sector Strategy S&P 500
2

Average Annual Returns as of September 30, 2012

One Year Three Year Five Year 10 Year Cumulative Returns

28.45% 30.20%

13.40% 13.19%

2.31% 1.05%

9.45% 8.01%

146.77% 116.15%

Performance data quoted represents past performance. Current performance for the underlying ETFs may be higher or lower than data quoted. For the most current month-end performance data for the individual Select Sector SPDR Funds, please visit www.sectorspdrs.com.

As of September 30, 2012 The Equal Weight Sector Strategy is represented by the nine Select Sector SPDRs ETFs that are purchased individually, allocated equally, and rebalanced quarterly. As a result, each sector has an initial weighting of 11.1%. The expense ratio for each Select Sector SPDR is 0.18%. There are no sales loads on Select Sector SPDR shares but ordinary brokerage commissions do apply and this expense is not reflected in performance calculations. If such expenses were reflected, the performance shown would be lower. Investors are responsible for rebalancing the portfolio quarterly. Past performance does not guarantee future results. * Returns are based on the Net Asset Value of the Select Sector SPDRS for standardized performance (see back).
1 2

1.866.SECTOR.ETF (732.8673) |

Sector leadership and weightings can change dramatically over time. Paying attention to sector weights can help manage risk while taking advantage of attractive investment themes. 1970
n Consumer Discretionary n Consumer Staples n Energy n Financial n Healthcare n Industrials2 n Information Technology n Materials n Telecommunications n Utilities

Annualized
Select Sector SPDR Fund One Month Latest Quarter Calendar YTD One Year Three Year Five Year Ten Year Since Inception*

1975
12.9 11.2 16.6 0.6 6.9 15.2 10.7 13.0 5.7 7.2

1980
7.3 8.7 28.2 5.0 8.0 15.0 8.7 9.7 3.8 5.6

1985 1990
12.5 12.5 11.6 7.0 6.9 14.4 14.8 7.1 1.8 11.4 10.1 16.4 13.1 7.2 10.3 11.9 8.8 7.1 2.0 13.1

1995
13.0 12.8 9.1 13.1 10.8 12.6 9.4 6.1 8.5 4.5

2000 2005 2012

10.3 8.1 6.6 17.3 14.4 10.6 21.2 2.3 5.5 3.8 10.7 9.6 9.3 21.3 13.3 11.4 15.3 3.0 2.8 3.3 11.1 10.9 11.2 14.9 12.2 9.8 19.7 3.5 3.3 3.5

16.5 10.3 15.7 0.8 4.8 16.6 11.5 10.0 5.9 7.9

Total Returns (Net Asset Value) as of 09/30/12 n Materials (XLB) 3.70% 4.90% 11.48% 28.06% 8.65% -0.17% 10.12% 6.77% n Industrials (XLI) 1.19% 3.21% 9.94% 27.84% 13.80% 0.00% 8.54% 5.33% n Technology (XLK) 1.65% 7.65% 22.40% 32.76% 15.62% 4.21% 11.39% 1.06% n Health Care (XLV) 3.91% 6.05% 17.47% 29.04% 14.03% 4.57% 6.43% 5.16% n Cons Stap (XLP) 1.59% 3.80% 12.48% 24.28% 15.21% 7.96% 8.55% 4.42% n Cons Disc (XLY) 3.17% 7.37% 21.11% 36.25% 21.24% 6.69% 8.80% 5.93% n Energy (XLE) 3.23% 11.10% 7.69% 27.68% 12.74% 1.24% 15.04% 10.34% n Financials (XLF) 3.41% 6.89% 21.43% 34.44% 2.87% -12.67% -0.59% -0.50% n Utilities (XLU) 1.15% -0.53% 4.15% 12.64% 11.97% 2.15% 10.94% 5.38%

Market Value Total Returns as of 09/30/12 n Materials (XLB) 3.64% 4.81% 11.47% 28.07% 8.67% -0.16% 10.14% 6.76% n Industrials (XLI) 1.18% 3.16% 9.91% 27.85% 13.85% 0.04% 8.53% 5.33% n Technology (XLK) 1.61% 7.61% 22.37% 32.75% 15.65% 4.22% 11.42% 1.06% n Health Care (XLV) 3.85% 5.98% 17.45% 29.00% 14.06% 4.60% 6.44% 5.16% n Cons Stap (XLP) 1.55% 3.77% 12.45% 24.27% 15.23% 7.96% 8.57% 4.41% n Cons Disc (XLY) 3.15% 7.30% 21.10% 36.24% 21.25% 6.73% 8.81% 5.93% n Energy (XLE) 3.16% 11.01% 7.65% 27.56% 12.76% 1.26% 15.06% 10.33% n Financials (XLF) 3.40% 6.93% 21.37% 34.44% 2.94% -12.64% -0.60% -0.50% n Utilities (XLU) 1.18% -0.52% 4.13% 12.61% 12.02% 2.20% 10.95% 5.38% Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call 1.866.SECTOR.ETF or visit www. sectorspdrs.com for current month end performance. Investment returns and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. *Fund inception date 12/16/98. Market price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. The above returns are for the underlying nine Select Sector SPDR ETFs.

Shaded areas represent highest weighted sector.

1 2

As of September 30, 2012 Includes Conglomerates, Miscellaneous and Transportation Industries.

Source: Standard and Poors

1.866.SECTOR.ETF (732.8673) |
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1.866.SECTOR.ETF(732.8673). Read the prospectus carefully before investing. Asset allocation cannot assure a profit nor protect against a loss. There are risks involved with investing, including loss of principal. Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market. The S&P 500 Index is the Standard & Poors composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices. You cannot invest directly in an index. ALPS Distributors, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
SEL001059 01/31/13