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SSgA Intermediate Fund (SSINX)
Fund Objective  
The Fund seeks a high level of current income while preserving principal by investing primarily in a diversified portfolio of debt securities with a dollar-weighted average maturity between three and ten years.     
  Net Asset Value
  As of 07/03/2008
  Price $8.33  
  Price Change $0.01  
  Percent Change 0.12%  
  30 Day Average Yield (subsidized) 4.26%  
  30 Day Average Yield 1 4.26%  
  Shares Outstanding 4,689,140  
  Total Net Assets $39,067,992.84  
  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 -3.30%   -1.55%  
YTD -1.42%   1.42%  
Annualized    
1 Year -6.97%   7.38%  
3 Year -1.05%   4.41%  
5 Year 0.07%   3.47%  
10 Year 3.55%   5.62%  
Quarter End Performance
Total Return Fund Index
  As of 03/31/2008 As of 03/31/2008
3 Months 0.78%   3.00%  
YTD 0.78%   3.00%  
Annualized    
1 Year -4.41%   8.88%  
3 Year 0.28%   5.66%  
5 Year 1.04%   4.37%  
10 Year 3.91%   5.91%  
Fund Inception Date: 09/01/1993
Top Holdings  
As of 05/31/2008
Security Name Fund
Weight
United States Treasury Notes 2.875 01-31-2013 3.85%
Federal Home Ln Mtg Corp 3.77%
Faderal National Mortgage Assc 3.74%
United States Treasury Notes 4.25 11-15-2017 3.22%
United States Treasury Notes 3.125 04-30-2013 2.50%
Fnma Pool 888388 5.396 05-01-2037 2.30%
Fed Hm Ln Pc Pool 1Q0222 5.631 02-01-2037 2.28%
Federal Home Ln Mtg Corp 2.04%
United States Treasury Notes 3.875 10-31-2012 1.95%
Federal National Mortgage Assc 1.91%
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
  Average Credit Quality AA3  
  Effective Average Maturity 4.01 years  
  Number of Holdings 270  
  Portfolio Duration 3.59 years  
  Fund Information
  As of 07/03/2008
  Ticker Symbol SSINX  
  CUSIP 784924813  
  Marginable Not Applicable  
  Short Selling Allowed Not Applicable  
  Gross Expense Ratio 0.87%  
  Net Expense Ratio♦ 0.60%  
  Inception Date 09/01/1993  
  Primary Benchmark Lehman U.S. Gov/Credit-Intermed  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team Intermediate Fund Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly  
  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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♦ The Advisor has contractually agreed to waive up to the full amount of the Management Fee and to reimburse the Intermediate Fund for all expenses to the extent that total expenses (exclusive of non-recurring account fees and extraordinary expenses) exceed .60% of average daily net assets on an annual basis until December 31, 2008.

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall). There are additional risks for funds that invest in mortgage-backed and asset-backed securities including the risk of issuer default; credit risk and inflation risk.

 Average annual total return and total return are historical and include change in share value and reinvestment of dividends and capital gains , if any.

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

1Figure reflects what the yield would have been without the expense limitation that is currently in effect. Returns would have been lower.

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.

Duration estimates how much a bond’s price fluctuates with changes in comparable interest rates. If rates rise 1.00%, for example, a fund with a 5-year duration is likely to lose about 5.00% of its value. Other factors also can influence a bond fund’s performance and share price. A bond fund’s performance may differ.

Lehman Brothers Government/Corporate-Intermediate Bond Index: An index composed of all bonds covered by the Lehman Brothers Government/Corporate Bond Index with maturities between one and 9.99 years. The index is unmanaged and can not be invested in directly.

The Lehman Index names are trademarks of Lehman Brothers Inc.