SSgA Tax Free Money Market Fund (STAXX)

FUND OBJECTIVE

The Fund seeks to maximize current income, exempt from federal income taxes, to the extent consistent with the preservation of capital and liquidity, and the maintenance of a stable $1.00 per share net asset value.

Important risk information

Fund Information
As of 09/07/2010
Ticker Symbol		STAXX
Primary Benchmark		iMoneyNet Tax Free Average
CUSIP		784924730
Gross Expense Ratio		0.52%
Inception Date		12/01/1994
Investment Manager		SSgA Funds Management, Inc.
Management Team		Tax Free Money Market Team
Distributor		State Street Global Markets, LLC
Distribution Frequency		Monthly

Fund Characteristics
As of 07/31/2010
Average Maturity in Days		5.00
Number of Holdings		55

Fund Performance
	Month End as of07/31/2010	Quarter End as of06/30/2010
1 Month	0.00%	0.00%
QTD	0.00%	0.00%
YTD	0.00%	0.00%
1 Year	0.00%	0.00%
3 Year	1.21%	1.30%
5 Year	1.86%	1.89%
10 Year	1.64%	1.67%
Inception12/01/1994	2.16%	2.17%

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.

Yield
As of 09/03/2010
1 Day Average Yield		-0.33%
1 Day Average Yield (subsidized)*		0.00%
30 Day Average Yield		-0.28%
30 Day Average Yield (subsidized)*		0.00%
7 Day Average Yield		-0.32%
7 Day Average Yield (subsidized)*		0.00%
Daily Factor		0.000000000
Price		$1.00
Shares Outstanding		109.90 M
Total Net Assets		$109.91 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 Tax-Free Money Market 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

PERFORMANCE CHART
				Annualized
		AS OF	1 Month	QTD	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception 12/01/1994
Month End	Fund	07/31/10	0.00%	0.00%	0.00%	0.00%	1.21%	1.86%	1.64%	2.16%
Month End	Index	07/31/10	0.00%	0.00%	0.00%	0.02%	1.09%	1.78%	1.58%	2.13%
Quarter End	Fund	06/30/10	0.00%	0.00%	0.00%	0.00%	1.30%	1.89%	1.67%	2.17%
Quarter End	Index	06/30/10	0.00%	0.00%	0.00%	0.03%	1.18%	1.81%	1.61%	2.14%

Gross Expense Ratio:0.52%

Performance Graphs

Month End as of07/31/2010
Fund Inception Date:12/01/1994
Index Inception Date:12/01/1994

Quarter End as of06/30/2010
Fund Inception Date:12/01/1994
Index Inception Date:12/01/1994

Fund Top Holdings
As of07/31/2010
Name	Weight
Missouri St Health & Edl Facs Auth Edl Facs R Var-Rev Bds Washington Univ of St Louis	4.66%
Lubbock Tex Health Facs Dev Corp Rev Var Rate Rev Ref Bds St Joseph Health System	3.95%
Colorado Hsg & Fin Auth Single Fam Mtg Bds	3.30%
Maryland St Health & Higher Edl Facs Auth Rev Pooled Ln Prog-Ser A Mdy Lt Rt*	3.16%
Clarke Cnty VA Indl Dev Auth Hosp Facs Rev Rev Bds Winchester Med Ctr Inc	2.94%
Massachusetts St Health & Edl Facs Auth Var Rev Bds Partners Healthcare Sys	2.92%
Rhode Island Health & Edl Bldg Corp Higher Ed Var Rev Bds Bryant University Fka Bryant College	2.92%
Loudoun Cnty VA Indl Dev Auth Rev Rev Bonds Howard Hughes Med Institute	2.77%
Arizona Brd Regents Ariz St Univ Sys Rev Var Rev Ref Bds Arizona St Univ	2.63%
Connecticut St Health & Edl Facs Auth Rev Adj Rev Bds Yale University	2.57%

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 Tax Free Money Market Fund.

Income received from the Tax Free Money Market Fund may be subject to alternative minimum tax or state and local taxes.

iMoneyNet All Tax Free Average: The average includes all tax free and municipal retail and institutional money market funds. This consists of funds in the National Tax Free Retail, National Tax Free Institutional, State-Specific Retail and State-Specific Institutional categories.

FAMILY OF PRODUCTS :ETF| Global SPDRs

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-800-997-7327, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SSgA Funds.

#10995

	NAME	TITLE	RESPONSIBLITY	HIRE DATE	INDUSTRY START	SCHOOL	DEGREE*
	Todd N. Bean	Vice President	Senior Portfolio Manager	2002	1999	Northeastern University	MSF
Todd is a Vice President and Senior Portfolio Manager of State Street Global Advisors in the firm's US Cash Management Group. He began his career at State Street in 1999, joining the firm as an analyst in the firm's custody and settlements area. Following a stint on the money markets operations staff, Todd joined the Cash Management Group in 2004. Todd received Bachelor degrees in Economics and Government from St. Lawrence University and a Master of Science in Finance degree from Northeastern University. Todd has earned the Chartered Financial Analyst Designation and is a member of the Boston Security Analysts Society and the CFA Institute.
	Sean Lussier	Principal	Portfolio Manager	2005	2000	Massachusetts College of Liberal Arts	Bachelor of Arts
Sean is a Principal and a Portfolio Manager of State Street Global Advisors in the firm's US Cash Management Group. Prior to joining SSgA, Sean worked as an Account Manager at State Street Bank & Trust. Since joining SSgA, Sean served as co-manager of the Money Market operations team until joining the Cash Management Team in 2007. Since that time, Sean has been responsible for managing several registered taxable and tax-exempt money market funds, as well as several separately managed cash and securities lending mandates. Sean holds a Bachelor of Science degree from Massachusetts College of Liberal Arts.

SSgA Tax Free Money Market Fund (STAXX)

FUND OBJECTIVE

PURCHASE INFORMATION

Performance Graphs

Fund Sector Allocation

Fund Composition - Maturity Ladder

iMoneyNet Tax Free Average

Important Risk Information

After Tax Returns

Tax Free Money Market Team