SSgA Clarion Real Estate Fund (SSREX)

FUND OVERVIEW

VIEW SECTION

FUND OBJECTIVE

The Fund seeks to provide income and capital growth by investing primarily in publicly traded securities issued by real estate investment trusts ("REITS").

Important risk information

About this Benchmark

Fund Information
As of 05/24/2013
Ticker Symbol		SSREX
Primary Benchmark		Dow Jones U.S. Select REIT Index
CUSIP		784924755
Gross Expense Ratio		1.32%
Net Expense Ratio		1.00%
Inception Date		04/29/1998
Investment Manager		SSgA Funds Management, Inc.
Distributor		State Street Global Markets, LLC
Distribution Frequency		Monthly

Fund Characteristics
As of 03/31/2013
1 yr. FFO Growth		7.37
Number of Holdings		51
P/FFO		16.61
P/NAV		1.15
Weighted Average Market Cap		$15,206.28 M

Fund Performance
	Month End as of04/30/2013	Quarter End as of03/31/2013
1 Month	6.72%	2.68%
QTD	6.72%	6.22%
YTD	13.36%	6.22%
1 Year	14.60%	10.63%
3 Year	15.98%	15.86%
5 Year	3.38%	3.43%
10 Year	11.47%	11.15%
Inception04/29/1998	9.72%	9.30%

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 05/23/2013
1 Day Average Yield (subsidized)		0.00%
30 Day Average Yield		1.46%
30 Day Average Yield (subsidized)		1.94%
Percent Change		-1.70%
Price		$14.49
Price Change		-$0.25
Shares Outstanding		3.30 M
Total Net Assets		$47.87 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 Tuckerman Active REIT 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 04/29/1998
Month End	Fund	04/30/13	6.72%	6.72%	13.36%	14.60%	15.98%	3.38%	11.47%	9.72%
	Index	04/30/13	6.88%	6.88%	14.44%	17.58%	16.94%	6.26%	12.44%	10.43%
Quarter End	Fund	03/31/13	2.68%	6.22%	6.22%	10.63%	15.86%	3.43%	11.15%	9.30%
	Index	03/31/13	2.68%	7.06%	7.06%	13.32%	17.01%	6.11%	12.12%	10.00%

Gross Expense Ratio:1.32%
Net Expense Ratio:1.00%

Performance Graphs

Month End as of04/30/2013
Fund Inception Date:04/29/1998
Index Inception Date:04/30/1998

Quarter End as of03/31/2013
Fund Inception Date:04/29/1998
Index Inception Date:04/30/1998

HOLDINGS

Fund Top Holdings
As of04/30/2013
Name	Weight
Simon Ppty Group Inc New	11.11%
Prologis Inc	4.55%
Host Hotels & Resorts Inc	4.28%
Boston Properties Inc	4.19%
Hcp Inc	4.16%
Health Care Reit Inc	4.09%
Equity Residential	3.77%
Ventas Inc	3.73%
General Growth Pptys Inc Ne	3.55%
Public Storage	3.37%

Download All Holdings CSV

Fund Sector Allocation

As of04/30/2013

Prior to January 1, 2013 the SSgA Clarion Real Estate Fund was known as the SSgA Tuckerman Active REIT Fund.

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 Clarion Real Estate Fund.

The Dow Jones U.S. Select REIT Index is a market capitalization-weighted index composed of publicly traded Real Estate Investment Trusts (REITs). No special purpose or healthcare REITs are included. The Index is rebalanced monthly and reconstituted quarterly. The Index is unmanaged and can not be invested in directly.

Dow Jones and Dow Jones Total Stock Market Indexes are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by State Street Bank and Trust. SPDR ETFs based on the Dow Jones Indexes, are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in such product(s).

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*
	Chip Lauckhardt	Principal	Chairman and CEO	1998	1974	University of Texas	Master of Arts
Chip is Chairman and Chief Executive Officer of The Tuckerman Group. He chairs the firm's Investment Committee and is responsible for the design and launch of new investment programs. Prior to his joining The Tuckerman Group in 1998, he had been Vice-Chairman and Chief Investment Officer of Greystone Realty Corporation. In this capacity, he supervised the firm's acquisition programs and oversaw asset management of the company's $2.3 billion portfolio. Prior to this, Chip was a Vice President at Eastdil Realty, Inc., where he was in charge of the asset management for the company's $400 million portfolio along the East Coast. Chip had previously been Operations Manager of Friendswood Development, the real estate development subsidiary of Exxon. At Friendswood, Chip supervised local property managers and leasing agents responsible for the company's office buildings and shopping centers. He is an associate member of the Urban Land Institute. A graduate of the United States Military Academy at West Point with a BS in Engineering, Chip holds an MA in International Management Systems from the University of Texas at Dallas.
	Amos Rogers III	Managing Director	Senior Portfolio Manager	2003	1989	MIT	Master of Science
Amos is a Managing Director of the Tuckerman Group with over 20 years of commercial real estate lending, investment and asset management experience. In his Tuckerman role, Amos leads the real estate securities business and is the portfolio manager for the REIT investment strategies. Previously, Amos spent 8 years at Citicorp, holding various positions in their real estate division, before leaving to join Pioneer Real Estate Advisors where he served as Senior Vice President and Chief Operating Officer. Prior to joining The Tuckerman Group Amos was the Principal of ARC Realty advisors, a boutique advisory and consulting firm focused on providing strategic and transactional solutions for individual and institutional real estate clients. Amos is a member of the Investment Advisory Council of the National Association of Real Estate Investment Trusts (NAREIT). He received his undergraduate degree in engineering management from Clarkson University, and holds a Master of Science degree in management with a concentration in real estate finance from the M.I.T. Sloan School of Management.
	Sophia V. Banar	Senior Analyst	Assistant Portfolio Manager	2006	2004	Columbia University	Master of Business Administration
Sophia is a Securities Analyst and an Assistant Portfolio Manager for the Tuckerman Group. She performs fundamental analysis of the REIT universe for the active strategy and provides oversight on implementation of US and Global/International real estate index strategies. Prior to joining the Tuckerman Group, she was an Analyst for the State Street Corporation Wealth Manager Services division. Prior to joining State Street Corporation in 2004, Sophia spent five years as a consultant with CSC Consulting Inc., a professional services organization of Computer Science Corporation. Sophia received her BS in Management degree from Bentley College, and holds an MBA with a concentration in Finance from Columbia University Graduate Business School.
	Tristan A. Cunha	Associate	Portfolio Analyst	2008	2002	Tufts University	Bachelor of Arts
Tristan is a Portfolio Analyst for the Tuckerman Group. He provides oversight on implementation of US and Global/International real estate index strategies as well as fundamental analysis of the REIT universe for the active strategy. Prior to joining the Tuckerman Group, he was an Analyst for SSgA in the Performance Measurement Group. Tristan received his BA in Economics from Tufts University, and is also a member of the Boston Securities Analyst Society and the CFA Institute.

SSgA Clarion Real Estate Fund (SSREX)

FUND OVERVIEW

FUND OBJECTIVE

PURCHASE INFORMATION

PERFORMANCE

Performance Graphs

HOLDINGS

Fund Sector Allocation

Dow Jones U.S. Select REIT Index

Important Risk Information

After Tax Returns

Real Estate Securities - Tuckerman