SPDR Russell/Nomura Small Cap Japan ETF (the Fund) seeks to closely match the returns and characteristics of the total return performance of the Russell/Nomura Japan Small Cap Index (the Index), an equity index based upon the Japanese small-cap equity market. The Index represents approximately the smallest 15% of stocks in terms of float-adjusted market capitalization of the Russell/Nomura Total Market Index. The Index is calculated with or without dividends reinvested, and is denominated in Japanese yen and United States dollars. The Index maintains the inclusion of stocks that are tentatively delisted due to mergers or equity transfers, and free-float ratios are adjusted when private placements are made. The Index has growth and value sub indexes. The Fund’s investment advisor is SSgA Funds Management, Inc.