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SSgA IAM SHARES Fund (SIAMX)
Fund Objective  
The Fund seeks to maximize total return by investing 80% of its assets in equity securities of IAM companies. IAM companies are companies that either (1) have entered into collective bargaining agreements with the International Association of Machinists and Aerospace Workers ("IAM") or affiliated labor unions; or (2) are listed in the S&P 500® Index and have not been identified by IAM as having non-union sentiment.
  Net Asset Value
  As of 07/03/2008
  Price $9.61  
  Price Change $0.02  
  Percent Change 0.21%  
  Shares Outstanding 20,477,345  
  Total Net Assets $196,862,767.19  
  Performance  
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
Month End Performance
Total Return * Fund Index
  As of 05/31/2008 As of 05/31/2008
3 Months 5.83%   5.77%  
YTD -4.17%   -3.80%  
Annualized    
1 Year -7.44%   -6.70%  
3 Year 7.24%   7.57%  
5 Year 9.35%   9.77%  
Since Inception 2.06%   2.55%  
Quarter End Performance
Total Return Fund Index
  As of 03/31/2008 As of 03/31/2008
3 Months -9.63%   -9.44%  
YTD -9.63%   -9.44%  
Annualized    
1 Year -5.48%   -5.08%  
3 Year 5.47%   5.85%  
5 Year 10.99%   11.32%  
Since Inception 1.43%   1.90%  
Fund Inception Date: 06/02/1999
Top Holdings  
As of 05/31/2008
Security Name Fund
Weight
Exxon Mobil Corp 4.36%
General Electric Co 2.68%
At&T Inc 2.11%
Microsoft Corp 2.11%
Chevron Corp New 2.09%
Procter & Gamble Co 1.74%
Schlumberger Ltd 1.43%
Apple Inc 1.25%
International Business Mach 1.18%
Conocophillips 1.18%
View/Download All Holdings
  Fund Composition
  As of 05/31/2008
  Top Sectors
  As of 05/31/2008
        View/Download All Holdings  
  Fund Characteristics
  As of 05/31/2008
  Dividend Yield 2.06%  
  FY1 P/E Ratio 14.37  
  Number of Holdings 373  
  Price/Book Ratio 2.57  
  Weighted Average Market Cap $M $99,922.18  
  Fund Information
  As of 07/03/2008
  Ticker Symbol SIAMX  
  CUSIP 784924649  
  Marginable Not Applicable  
  Short Selling Allowed Not Applicable  
  Gross Expense Ratio 0.45%  
  Net Expense Ratio♦ 0.45%  
  Inception Date 06/02/1999  
  Primary Benchmark S&P 500  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team S&P 500 Index Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Quarterly  
  Fund Documents
  Quarterly Fund Fact Sheet (.pdf)
  Fund Prospectus (.pdf)
  Statement of Additional Information (.pdf)
  Fund Semi-Annual Report (.pdf)
  Fund Annual Report (.pdf)
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 Average annual total return and total return are historical and include change in share value and reinvestment of dividends and capital gains , if any.

♦The Advisor has contractually agreed to waive up to the full amount of the Management Fee and to reimburse the IAM SHARES Fund for all expenses to the extent that total expenses (exclusive of non-recurring account fees and extraordinary expenses)exceed .65% of average daily net assets on an annual basis until December 31, 2008.

Shares of the SSgA® funds are not insured by the FDIC or by another governmental agency: they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. The SSgA funds pay State Street Bank and Trust Company for its services as custodian, transfer agent and shareholder servicing agent and pays SSgA Funds Management, Inc., an affiliate of State Street Bank and Trust Company, for investment advisory services.

Standard & Poor's S&P 500® Index is a registered trademark of Standard & Poor's, a division of the McGraw-Hill Companies Inc.  The S&P 500® Index is unmanaged and can not be invested in directly. Standard & Poor’s Corporation is the owner of the trade marks, service marks and copyrights related to its indexes. The S&P 500 Index is an index of the common stock prices of 500 widely held U.S. stocks and includes the reinvestment of dividends.