SSgA US Treasury Money Market Fund (SVTXX)
Fund Objective  
The Fund seeks to maximize current income to the extent consistent with the preservation of capital and liquidity, and the maintenance of a stable $1.00 per share net asset value, by investing in dollar denominated securities guaranteed as to principal and interest by the US Government and repurchase agreements backed by such securities.
  Net Asset Value
  As of 11/19/2008
  Price $1.00  
  Daily Factor 0.000002363  
  1 Day Average Yield 0.09%  
  7 Day Average Yield (subsidized) 1 0.06%  
  7 Day Average Yield 1, 2 0.02%  
  Total Net Assets $7,884,729,026.65  
  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 10/31/2008 As of 10/31/2008
3 Months 0.27%   0.41%  
YTD 1.50%   1.67%  
Annualized    
1 Year 2.14%   2.31%  
3 Year 3.93%   3.92%  
5 Year 3.08%   3.10%  
10 Year 3.32%   3.36%  
Quarter End Performance
Total Return Fund Index
  As of 09/30/2008 As of 09/30/2008
3 Months 0.41%   0.43%  
YTD 1.48%   1.54%  
Annualized    
1 Year 2.52%   2.55%  
3 Year 4.03%   3.98%  
5 Year 3.09%   3.09%  
10 Year 3.36%   3.39%  
Fund Inception Date: 12/01/1993
Top Holdings  
As of 09/30/2008
Security Name Fund
Weight
BNP Paribas Repo 16.43%
Greenwich Repo 15.61%
Ing Repo 10.84%
US Treasury Bills 10-2-2008 10.68%
Morgan Stanley Repo 9.81%
Barclays Capital Repo 7.72%
US Treasury Bills 10-23-2008 6.41%
US Treasury Bills 10-16-2008 6.00%
UBS Repo 5.75%
US Treasury Bills 10-16-2008 5.50%
  Fund Composition - Maturity Ladder
  As of 09/30/2008
  Top Sectors
  As of 09/30/2008
  Fund Characteristics
  As of 09/30/2008
  Average Credit Quality A1+P1  
  Average Maturity 5.00 Days  
  Number of Holdings 12  
  Fund Information
  As of 11/19/2008
  Ticker Symbol SVTXX  
  CUSIP 784924847  
  Marginable Not Applicable  
  Short Selling Allowed Not Applicable  
  Gross Expense Ratio 0.31%  
  Net Expense Ratio♦ 0.20%  
  Inception Date 12/01/1993  
  Primary Benchmark Citigroup Treasury Bill-3 Month  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team Money Market Fund Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly  

17 Day Yield is as of the 7-day period ending the last business day of the month indicated. The yield quotation stated above more closely reflects the current earnings of the Fund than the total return quotation.

2Figure reflects what the yield would have been without the expense limitation that is currently in effect. Returns would have been lower.

♦The Advisor has contractually agreed to waive .05% of its .15% Management Fee until December 31, 2010. Also, the Advisor has contractually agreed to waive up to the full amount of the Fund’s Management Fee and to reimburse the Fund for all expenses to the extent that total expenses (exclusive of non-recurring account fees and extraordinary expenses) exceed .20% of average daily net assets on an annual basis until December 31, 2008.  The annual Management Fee after waiver and reimbursement is .10%. 

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

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.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or another governmental agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

The Citigroup 3-Month Treasury Bill Index is comprised of equal dollar amounts of 3-month Treasury bills purchased at the beginning of each of three consecutive months. As each bill matures, all proceeds are rolled over or reinvested in a new 3-month bill. The income used to calculate the monthly return is derived by subtracting the original amount invested from the maturity value. The yield curve average is the basis for calculating the return on the Index. The Index is rebalanced monthly by market capitalization. The Index is unmanaged and can not be invested in directly.
© 2008 State Street Corporation. All Rights Reserved.
Investors should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A prospectus which contains this and other information about the fund can be obtained by calling 877-521-4083, downloading a prospectus, or talking to your financial advisor. Read the prospectus carefully before investing.

State Street Global Markets, LLC, member FINRA, SIPC, is distributor for all SSgA© Funds and SPDR products except for SPDR S&P 500©, Dow Diamonds© and Select Sector SPDRS which are distributed by ALPS Distributors, Inc., a registered broker-dealer.