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SSgA Core Edge Equity Fund (SSCSX)
Fund Objective  
The Fund's investment objective is to seek to achieve long term capital appreciation over the course of an economic cycle by investing its assets (including the proceeds from securities sold short) primarily in large and medium capitalization equity securities whose underlying valuation or business fundamentals indicate prospects for growth, while selling short the equity securities of companies that have deteriorating business fundamentals and/or valuations
  Net Asset Value
  As of 07/03/2008
  Price $9.54  
  Price Change $-0.02  
  Percent Change -0.21%  
  Shares Outstanding 1,506,974  
  Total Net Assets $14,373,323.01  
  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 8.24%   5.77%  
YTD -0.49%   -3.80%  
Annualized    
1 Year N/A   N/A  
3 Year N/A   N/A  
5 Year N/A   N/A  
Since Inception 1.20%   -3.49%  
Quarter End Performance
Total Return § Fund Index
  As of 03/31/2008 As of 03/31/2008
3 Months -9.44%   -9.44%  
YTD -9.44%   -9.44%  
Annualized    
1 Year N/A   N/A  
3 Year N/A   N/A  
5 Year N/A   N/A  
Since Inception -7.90%   -7.97%  
Fund Inception Date: 12/17/2007
Top Holdings  
As of 05/31/2008
Security Name Fund
Weight
Exxon Mobil Corp 5.15%
Microsoft Corp 3.07%
Chevron Corp New 2.92%
Conocophillips 2.43%
Jp Morgan Chase & Co 2.40%
Wal Mart Stores Inc 2.30%
Pfizer Inc 2.18%
Oracle Corp 2.04%
Mcdonalds Corp 1.95%
At&T Inc 1.95%
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 1.43%  
  FY1 P/E Ratio 12.40  
  Number of Holdings 218  
  Price/Book Ratio 3.54  
  Weighted Average Market Cap $M $90,007.38  
  Fund Information
  As of 07/03/2008
  Ticker Symbol SSCSX  
  CUSIP 784924417  
  Marginable Not Applicable  
  Short Selling Allowed Not Applicable  
  Gross Expense Ratio 2.66%  
  Net Expense Ratio♦ 1.81%  
  Inception Date 12/17/2007  
  Primary Benchmark S&P 500 Index  
  Investment Manager State Street Global Advisors  
  Management Team U.S. Active Quantitative Equity Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Annually  
  Fund Documents
  Quarterly Fund Fact Sheet (.pdf)
  Fund Prospectus (.pdf)
  Statement of Additional Information (.pdf)
  Fund Semi-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 reimburse the Fund for all expenses (exclusive of nonrecurring account fees, extraordinary expenses and dividends and interest on securities sold short) in excess of 1.60% of average daily net assets on an annual basis until December 31, 2008.

Performance data reflects an expense limitation currently in effect, without which returns would have been lower.

The short- term results of a relatively new fund are not necessarily indicative of its long-term prospects

The SSgA Core Edge Equity Fund presents different risks than those typically associated with long-only equity investing.Specifically, this Fund may utilize leverage as a result of short selling. The use of leverage as a result of short selling could increase the volatility of the Fund's share price and cause the Fund to incur a loss.  The Fund may actively trade portfolio securities and will typically have a turnover rate in excess of 100%.  Tax-sensitive investors may wish to consult a tax professional prior to investing.

The use of short selling entails a high degree of risk, may increase potential losses and is not suitable for all investors.

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.

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.