“What’s My Exposure?”

When a news story breaks, the first thing investors want to know is the potential impact on their holdings. The process often requires investors to go through multiple steps:

1. Determine how to prioritize a huge volume of news stories

2. Identify a trusted source for a given story

3. Read the story to determine its content, relevance and priority

4. Cross-reference this story with holdings to find connections to portfolios, keeping in mind that many impactful connections are indirect in nature; meaning, more often than not, it’s not only the holding mentioned in an article that is impacted by the news

The sheer volume and velocity of news makes it impossible for investment managers to follow this process across all news as it occurs globally.

Powered by the truView® risk platform, Verus does that for you using a combination of machine learning algorithms, natural language processing, and human expertise. The results are curated newsfeeds and portfolio connections ranked by our proprietary metric the “V Score”, providing users with confidence they are seeing the news that is most connected to their portfolios at any given time. Unlike other well-known news providers, we browse the news for you to limit information and most importantly, counteract information overload.

Every portfolio manager wants to gain more insights into market events to further inform their holdings. Identifying, processing and addressing market events and news that matter most to you can be time-consuming and complicated. We developed State Street Verus, part of our AnalyticsGX offering, to simplify the influx of news articles by highlighting and prioritizing the connections between market events and your portfolio.

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Verus provides a continuously updated newsfeed on a mobile device, customized to your portfolio holdings. Our focused approach ensures you see the connections that are the most relevant and impactful to your portfolios, and you also see them ranked in an order that makes sense.

The Verus Score: Ranking the Connections that Inform Smart Decisions

News stories are ranked by a proprietary metric known as the Verus Score, or V Score, which leverages multiple machine learning and deep learning algorithms and is driven by three core components:

1. Article Content: How impactful is the content of the article? How relevant is this content to your holdings?

2. Risk: What is your allocation to these holdings, and has there been a meaningful change in certain portfolio and security specific analytics such as VaR, volatility, and liquidity? How correlated are the relevant holdings to each other?

3. Network Inter-Connectedness: How connected are the relevant securities across their value chains? Do they share industries or collaborate in joint ventures? How many suppliers do they share?

Based on a scale of 1-10, the V Score helps users understand not only which stories they should prioritize, but also the order in which they should be prioritized.

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News When You Need It — Wherever You Are

Planned customization updates will let you personalize features such as article limits, portfolio and asset metrics, the V Score, notification settings and more. Additionally, we plan to expand our asset class coverage to include fixed income, commodities, FX and derivatives.

Our algorithm models are continuously being trained through a combination of machine learning and human input to ensure we give you the best experience possible. Users will also be able to personalize their newsfeed content by providing feedback via a thumbs up/thumbs down methodology, helping our algorithms become smarter over time. The more you use the app and provide your feedback, the smarter it gets.

Our plan is to continuously improve and expand this platform in order to help support improved decision making by our clients.

Disclaimers and Important Risk Information State Street Global Exchange® is a trademark of State Street Corporation (incorporated in Massachusetts) and is registered or has registrations pending in multiple jurisdictions.

This document and information herein (together, the “Content”) is subject to change without notice based on market and other conditions and may not reflect the views of State Street Corporation and its subsidiaries and affiliates (“State Street”). The Content is provided only for general informational, illustrative, and/or marketing purposes, or in connection with exploratory conversations; it does not take into account any client or prospects particular investment or other financial objectives or strategies, nor any client’s legal, regulatory, tax or accounting status, nor does it purport to be comprehensive or intended to replace the exercise of a client or prospects own careful independent review regarding any corresponding investment or other financial decision. The Content does not constitute investment research or legal, regulatory, investment, tax or accounting advice and is not an offer or solicitation to buy or sell securities or any other product, nor is it intended to constitute any binding contractual arrangement or commitment by State Street of any kind. The Content provided was prepared and obtained from sources believed to be reliable at the time of preparation, however it is provided “as-is” and State Street makes no guarantee, representation, or warranty of any kind including, without limitation, as to its accuracy, suitability, timeliness, merchantability, fitness for a particular purpose, non-infringement of third-party rights, or otherwise. State Street disclaims all liability, whether arising in contract, tort or otherwise, for any claims, losses, liabilities, damages (including direct, indirect, special or consequential), expenses or costs arising from or connected with the Content. The Content is not intended for retail clients or for distribution to, and may not be relied upon by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. The Content provided may contain certain statements that could be deemed forward-looking statements; any such statements or forecasted information are not guarantees or reliable indicators for future performance and actual results or developments may differ materially from those depicted or projected. Past performance is no guarantee of future results. No permission is granted to reprint, sell, copy, distribute, or modify the Content in any form or by any means without the prior written consent of State Street.

The offer or sale of any of these products and services in your jurisdiction is subject to the receipt by State Street of such internal and external approvals as it deems necessary in its sole discretion. Please contact your sales representative for further information.

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