State Street Equity 500 Index Fund - Class R Shares SSFRX

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

The Fund invests by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

$296.25

as of Mar 23 2023

Total Net Assets

$26.09 M

as of Mar 23 2023

Gross Expense Ratio

0.72%

Net Expense Ratio

0.62%

1 Day Nav Change

+$0.88 (+0.30%)

Quick Links

Key Features

The investment objective of the State Street Equity 500 Index Fund is to replicate as closely as possible, before expenses, the performance of the Standard & Poor's 500 Index.

About this Benchmark

The S&P 500® Index is a gauge of large-cap U.S. equities and is composed of roughly five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over 25 separate industry groups.

Fund Information as of Mar 24 2023

Benchmark	S&P 500 Index
Inception Date	Jun 07 2005
Options Available	No
Gross Expense Ratio	0.72%
Net Expense Ratio	0.62%
Base Currency	USD
Investment Manager	SSGA Funds Management, Inc.
Management Team	Global Equity Beta Solutions
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Annually

Listing Information as of Mar 24 2023

Exchange	Listing Date	Trading Currency	Ticker	CUSIP
NASDAQ REGULAR MARKET	Aug 01 2014	USD	SSFRX	85749T806

Fund Characteristics as of Feb 28 2023

Dividend Yield	1.72%
Est. 3-5 Year EPS Growth	18.23%
Number of Holdings	506
Price/Book Ratio	3.73
Price/Earnings Ratio FY1	18.08
Weighted Average Market Cap	$462,162.63 M

Yields as of Mar 23 2023

30 Day SEC Yield	0.44%
30 Day SEC Yield (Unsubsidized)	0.36%

Fund Net Asset Value as of Mar 23 2023

NAV	$296.25
Shares Outstanding	88,078
Total Net Assets	$26.09 M

Fund Performance

Fund Inception Date: Jun 07 2005
Performance Inception Date: Apr 18 2001

as of Feb 28 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 18 2001
Fund at NAV	Feb 28 2023	-2.49%	3.59%	3.59%	-8.28%	11.36%	9.05%	11.47%	7.00%
Benchmark	Feb 28 2023	-2.44%	3.69%	3.69%	-7.69%	12.15%	9.82%	12.25%	7.54%

as of Dec 31 2022

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 18 2001
Fund at NAV	Dec 31 2022	-5.84%	7.34%	-18.64%	-18.64%	6.93%	8.68%	11.78%	6.88%
Benchmark	Dec 31 2022	-5.76%	7.56%	-18.11%	-18.11%	7.66%	9.42%	12.56%	7.42%

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. All results are historical and assume the reinvestment of dividends and capital gains. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

NAV Performance shown for the periods prior to the inception of Class R shares on June 7, 2005 reflects the historical performance of the fund’s Administrative Shares adjusted to reflect the higher expenses of Class R shares, estimated for their first year of operations, including applicable 12b-1 fees.

Gross Expense Ratio: 0.72%

Net Expense Ratio: 0.62%

Top Holdings

Fund Top Holdings as of Feb 28 2023

Name	Weight
Apple Inc.	6.43%
Microsoft Corporation	5.42%
Amazon.com Inc.	2.44%
NVIDIA Corporation	1.69%
Tesla Inc.	1.61%
Berkshire Hathaway Inc. Class B	1.60%
Alphabet Inc. Class A	1.57%
Alphabet Inc. Class C	1.39%
Exxon Mobil Corporation	1.32%
UnitedHealth Group Incorporated	1.30%

Download All Holdings: Monthly

Sector Allocation

Fund Sector Allocation as of Feb 28 2023

Sector	Weight
Information Technology	27.34%
Health Care	14.36%
Financials	11.74%
Consumer Discretionary	10.62%
Industrials	8.52%
Communication Services	7.66%
Consumer Staples	6.72%
Energy	4.79%
Utilities	2.81%
Materials	2.77%
Real Estate	2.67%

Document

Fund Documents

Information & Schedules

Purchase Information

Minimum Investments

Initial $25,000,000.00

Initial AIP $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, 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.

Boston, MA 02110

ABA# 0110-0002-8

DDA# 9904-631-0

Attn: SSGA (State Street Equity 500 Index Fund - Class R Shares)

Account Number and Registration

Dollar Amount per Account (if one wire is to cover more than one purchase)

Correspondence Information

SSGA Funds

1 Iron Street

Boston, MA 02210

1-800-647-7327

Unless otherwise noted all information contained herein is that of the State Street Equity 500 Index Fund - Class R Shares

Intellectual Property Information: 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 is the owner of the trademarks, 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 reinvestment of dividends.