“State Street Corporation is one of the world’s largest providers of financial services to institutional investors. The Company was organized in 1969 under the laws of the Commonwealth of Massachusetts, and is a financial holding company operating in more than 100 geographic markets worldwide. Operations are organized into two lines of business: Investment Servicing and Investment Management, which are defined based on products and services provided. 

Investment Servicing – State Street’s services and products allow large institutional investor clients to execute financial transactions on a daily basis in markets across the globe. The primary role of a global trust and custody bank is to aid clients to efficiently perform services associated with the clearing, settlement and execution of securities transactions and related payments. As of December 31, 2023, State Street Corporation had assets under custody which totalled approximately $41.8 trillion. Assets held by the custody bank belong to clients and are fully segregated from State Street Corporation’s own assets. 

State Street’s Investment Management line of business provides a broad range of investment management strategies and products for clients through State Street Global Advisors (SSGA). As of December 31, 2023, State Street Global Advisors had assets under management of approximately $4.13 trillion. Assets held by SSGA belong to clients and are fully segregated from the asset manager’s own assets. SSGA is primarily an index manager with, as of December 31, 2023, approximately 85% of the assets managed on clients’ behalf invested in index strategies. As an index manager, SSGA’s job is to deliver the index exposure to those clients.”