SSgA International Stock Selection Fund - R Share (SSARX)

FUND OBJECTIVE

The Fund seeks to provide long-term capital growth by investing primarily in securities of foreign issuers.

Fund Information
As of  09/07/2010
Ticker SymbolSSARX
Primary BenchmarkMSCI EAFE Net Dividend Index
CUSIP784924474
Gross Expense Ratio1.60%
Net Expense Ratio1.44%
Inception Date03/07/1995
Investment ManagerSSgA Funds Management, Inc.
Management TeamGlobal Active Quantitative Equity Team
DistributorState Street Global Markets, LLC
Distribution FrequencyAnnually
Fund Characteristics
As of  07/31/2010
Earnings Growth 5 Year0.93%
FY 1 P/E Ratio11.13
Number of Holdings119
Price/Book Ratio1.30
Weighted Average Market Cap$41,645.77 M
Fund Performance
Month End
as of07/31/2010 		Quarter End
as of06/30/2010
1 Month 11.12% -2.50%
QTD 11.12% -15.67%
YTD -4.82% -14.35%
1 Year 5.17% 4.03%
3 Year -12.26% -15.94%
5 Year 1.18% -0.25%
10 Year 1.78% 0.22%
Inception03/07/1995 3.25% 2.56%

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%
Percent Change1.10%
Price$9.18
Price Change$0.10
Shares Outstanding244,027
Total Net Assets$2.24 M

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 SSgA International Stock Selection 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.

*Diversification does not ensure against loss.

The financial products described herein are indexed to an MSCI  index.  The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based.

The MSCI EAFE® Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the US & Canada. As of December 2003 the MSCI EAFE Index consisted of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index is unmanaged and can not be invested in directly.