SSgA Bond Market Fund - R Share (SBMRX)

FUND OBJECTIVE

The fund seeks to maximize total return by investing in fixed income securities, including but not limited to those represented by the Barclays Capital U.S. Aggregate Bond Index.

Fund Information
As of  09/07/2010
Ticker SymbolSBMRX
Primary BenchmarkBarclays Capital Aggregate Bond Index
CUSIP784924565
Gross Expense Ratio1.26%
Net Expense Ratio0.68%
Inception Date02/07/1996
Investment ManagerSSgA Funds Management, Inc.
Management TeamBond Market Fund Team
DistributorState Street Global Markets, LLC
Distribution FrequencyAnnually
Fund Characteristics
As of  07/31/2010
Effective Average Maturity7.16 years
Number of Holdings203
Portfolio Duration4.27 years
Fund Performance
Month End
as of07/31/2010 		Quarter End
as of06/30/2010
1 Month 1.32% 1.57%
QTD 1.32% 2.68%
YTD 6.04% 4.66%
1 Year 9.30% 10.26%
3 Year 1.80% 0.83%
5 Year 1.76% 1.30%
10 Year 4.03% 3.97%
Inception02/07/1996 4.11% 4.04%

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. Visit ssgafunds.com  for most recent month-end performance.

Fund Net Asset Value  
As of  09/03/2010
1 Day Average Yield (subsidized)0.00%
30 Day Average Yield2.71%
30 Day Average Yield (subsidized)2.71%
Percent Change-0.11%
Price$8.73
Price Change-$0.01
Shares Outstanding29,931
Total Net Assets$261,266.32

PURCHASE INFORMATION

SSgA Funds Class R Shares may not be purchased by individuals directly, but must be purchased through a third party financial institution which is permitted by contract with the SSgA Funds to offer shares. The third party may be a retirement plan administrator, bank, broker or advisor, and will be referred to in this prospectus as a "Financial Intermediary." Only certain Financial Intermediaries are authorized to receive purchase orders on the Funds' behalf. The Funds reserve the right to reject any purchase order.

If you have questions about SSgA Funds or the Class R Shares, including questions about the investment objectives, strategies or risks, please call the SSgA Funds toll free at 1-800-647-7327.



The short- term results of a relatively new fund are not necessarily indicative of its long-term prospects.  The use of short selling entails a high degree of risk, may increase potential losses and is not suitable for all investors.


Not FDIC Insured - No Bank Guarantee - May Lose Value

Unless otherwise noted all information contained herein is that of the Bond Market Fund.

Total returns stated prior to the class inception date of R shares (5/14/04) for the fund was derived from the original share class performance adjusted for higher operating expenses, including Distribution and Service (12b-1) fees. All share classes invest in the same underlying fund portfolio. Please see the fund's prospectus for more details.

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

Barclays Capital Aggregate Bond Index: An index, with income reinvested, representative of securities from Barclays Capital Government/Corporate Bond, Mortgage-Backed Securities, and the Asset-Backed Securities Indexes. The index is unmanaged and can not be invested in directly.

The Barclays Capital Index names are trademarks of Barclays Capital Inc.