SSgA US Government Money Market Fund (SSGXX)

FUND OVERVIEW

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 obligations of the US Government, or its instrumentalities with remaining maturities of one year or less.     

Fund Information
As of  07/30/2010
Ticker SymbolSSGXX
Primary BenchmarkCitigroup Treasury Bill-3 Month
CUSIP784924300
Gross Expense Ratio0.38%
Inception Date03/01/1991
Investment ManagerSSgA Funds Management, Inc.
Management TeamMoney Market Fund Team
DistributorState Street Global Markets, LLC
Distribution FrequencyMonthly
Fund Characteristics
As of  06/30/2010
Average Maturity in Days19.00
Number of Holdings24
Fund Performance
Month End
as of06/30/2010 		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 1.44% 1.44%
5 Year 2.63% 2.63%
10 Year 2.46% 2.46%
Inception03/01/1991 3.56% 3.56%

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.

Yield  
As of  07/29/2010
1 Day Average Yield (subsidized)*0.01%
30 Day Average Yield-0.18%
30 Day Average Yield (subsidized)*0.01%
7 Day Average Yield**-0.18%
7 Day Average Yield (subsidized)*0.00%
Daily Factor0.000000214
Price$1.00
Total Net Assets$3,477.01 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 Government 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

PERFORMANCE CHART
Annualized
AS OF 1 Month QTD YTD 1 YR 3 YR 5 YR 10 YR Since
Inception
03/01/1991
Month End Fund 06/30/10 0.00% 0.00% 0.00% 0.00% 1.44% 2.63% 2.46% 3.56%
Index 06/30/10 0.01% 0.04% 0.05% 0.12% 1.40% 2.63% 2.56% 3.62%
Quarter End Fund 06/30/10 0.00% 0.00% 0.00% 0.00% 1.44% 2.63% 2.46% 3.56%
Index 06/30/10 0.01% 0.04% 0.05% 0.12% 1.40% 2.63% 2.56% 3.62%

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.

Gross Expense Ratio:0.38%

Performance Graphs

Month End as of06/30/2010
Fund Inception Date:03/01/1991
Index Inception Date:01/01/1900

Quarter End as of06/30/2010
Fund Inception Date:03/01/1991
Index Inception Date:01/01/1900

HOLDINGS

Fund Top Holdings
As of06/30/2010
Name Weight
Credit Agricole Corporate & Investment Bank Repo 10.91%
Fannie Mae Discount Note 9/20/10 7.58%
Fannie Mae Discount Note 7/7/10 7.58%
Freddie Mac Discount Note 7/23/10 7.58%
Citigroup Global Markets Inc Repo 6.79%
UBS Securities LLC Repo 5.91%
Barclays Capital Inc Repo 5.35%
Freddie Mac Discount Note 10/13/10 5.05%
RBC Capital Markets Repo 5.05%
Federal Home Loan Bank System 10/29/10 5.05%

Fund Sector Allocation

As of06/30/2010

Fund Composition - Maturity Ladder

As of06/30/2010



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 US Government Money Market Fund.

**7 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.

*The subsidized yield reflects the yield calculation with expense limitation currently in effect. Without the limitation returns would have been lower.

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.


iMoneyNet Government Retail category includes all government retail funds, or all funds in the Treasury Retail, Treasury & Repo Retail, and Government & Agencies Retail categories.