SPDR Barclays Capital California Municipal Bond ETF, formerly SPDR Lehman California Municipal Bond ETF seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal California Index. The Barclays Capital Managed Money Municipal California Index is a rules-based, market-value weighted index comprised of publicly traded California municipal bonds that cover the United States dollar denominated tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. Each index security must be issued by authorities in California, have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate and have a nominal maturity of one or more years. The investment manager of the Fund is SSgA Funds Management, Inc.