SSgA Disciplined Equity Fund (SSMTX)

FUND OBJECTIVE

The Fund seeks to exceed the total return of the S&P 500® Index through investing in equity securities.

Fund Information
As of  09/07/2010
Ticker SymbolSSMTX
Primary BenchmarkS&P 500
CUSIP784924607
Gross Expense Ratio0.80%
Net Expense Ratio0.65%
Inception Date05/04/1992
Investment ManagerSSgA Funds Management, Inc.
Management TeamGlobal Enhanced Equity Team
DistributorState Street Global Markets, LLC
Distribution FrequencyQuarterly
Fund Characteristics
As of  07/31/2010
Earnings Growth 5 Year9.12%
FY 1 P/E Ratio11.96
Number of Holdings249
Price/Book Ratio1.70
Weighted Average Market Cap$79,553.55 M
Fund Performance
Month End
as of07/31/2010 		Quarter End
as of06/30/2010
1 Month 6.80% -6.06%
QTD 6.80% -12.39%
YTD -1.97% -8.21%
1 Year 10.98% 11.54%
3 Year -9.49% -12.44%
5 Year -1.77% -2.47%
10 Year -1.85% -2.69%
Inception05/04/1992 6.14% 5.79%

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 Change1.24%
Price$8.16
Price Change$0.10
Shares Outstanding886,380
Total Net Assets$7.24 M

PURCHASE INFORMATION

Minimum Investments
Initial $1,000.00
Additional $100.00
Initial IRA $250.00
Additional IRA $100.00
Additional AIP $100.00

Brokerage Availability
SSgA Funds are available through most major broker/dealer and supermarket platforms. If you are an investment advisor and have questions regarding platform availability, please call 800-997-7327. Otherwise, please call 877-521-4083.

To Purchase by wire
You may make initial or subsequent investments by wiring federal funds to State Street, as Transfer Agent by:

1. Telephoning the Customer Service Department at 1-800-647-7327 between 8:00 a.m. and 4:00 p.m., Eastern Time, and stating: (a) your account registration number, address and social security or tax identification number, (b) the name of the fund in which the investment is to be made and the account number, and (c) the exact amount being wired.

2. Instructing the wiring bank to wire federal funds to:
State Street Bank and Trust Co.
225 Franklin Street, Boston, MA 02110
ABA# 0110-0002-8
DDA#9904-631-0
Attn: SSGA (SSgA Disciplined Equity Fund)
Account Number and Registration
Dollar Amount Per Account (if one wire is to cover more than one purchase)

Correspondence Information
SSgA Funds
One Lincoln Street
Boston, MA 02111-2900
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 Directional Core Equity Fund.

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.