The Class N Share Class is closed to new accounts as of August 7, 2014.

State Street International Stock Selection Fund - Class N SSAIX

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.

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

These investments may have difficulty in liquidating an investment position without taking a significant discount from current market value, which can be a significant problem with certain lightly traded securities.

Investments in mid/small-sized companies may involve greater risks than in those of larger, better known companies.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

In addition to normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, and from adverse political, social and economic instability in other nations.

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

$9.86

as of Mar 22 2023

Total Net Assets

$88.84 M

as of Mar 22 2023

Gross Expense Ratio

1.24%

Net Expense Ratio

1.00%

1 Day Nav Change

-$0.02 (-0.20%)

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Key Features

The State Street International Stock Selection Fund (the "Fund") seeks to provide long-term capital growth by investing primarily in securities of foreign issuers.

The Adviser employs a proprietary quantitative multi-factor stock-selection model to select securities while controlling risk exposure of the Fund relative to the Fund’s benchmark.

About this Benchmark

The MSCI EAFE Index is an equity index which captures large and mid cap representation across 21 Developed Markets countries around the world, excluding the US and Canada. Developed Markets countries in the index include: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the UK. The index covers approximately 85% of the free float adjusted market capitalization in each country.

Fund Information as of Mar 23 2023

Benchmark	MSCI EAFE Net Dividend Index
Inception Date	Mar 07 1995
Options Available	No
Gross Expense Ratio	1.24%
Net Expense Ratio	1.00%
Base Currency	USD
Investment Manager	SSGA Funds Management, Inc.
Management Team	Active Quantitative Equities
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Annually

Listing Information as of Mar 23 2023

Exchange	Listing Date	Trading Currency	Ticker	CUSIP
NASDAQ REGULAR MARKET	Mar 07 1995	USD	SSAIX	784924870

Fund Characteristics as of Feb 28 2023

Active Share	76.33%
Dividend Yield	4.36%
Est. 3-5 Year EPS Growth	14.01%
Number of Holdings	190
Price/Book Ratio	1.20
Price/Earnings Ratio FY1	8.40
Weighted Average Market Cap	$51,733.65 M

Yields as of Mar 22 2023

30 Day SEC Yield	2.69%
30 Day SEC Yield (Unsubsidized)	0.00%

Fund Net Asset Value as of Mar 22 2023

Percent Change	-0.20%
Price Change	-$0.02
NAV	$9.86
Shares Outstanding	9.01 M
Total Net Assets	$88.84 M

Fund Performance

Fund Inception Date: Mar 07 1995

as of Feb 28 2023

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Mar 07 1995
Fund at NAV	Feb 28 2023	-0.99%	6.59%	6.59%	-2.64%	6.27%	0.84%	3.89%	3.96%
Benchmark	Feb 28 2023	-2.09%	5.84%	5.84%	-3.14%	6.84%	2.64%	4.83%	5.06%

as of Dec 31 2022

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Mar 07 1995
Fund at NAV	Dec 31 2022	-1.45%	18.45%	-13.60%	-13.60%	0.07%	-0.75%	3.54%	3.75%
Benchmark	Dec 31 2022	0.08%	17.34%	-14.45%	-14.45%	0.87%	1.54%	4.67%	4.87%

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.

Gross Expense Ratio: 1.24%

Net Expense Ratio: 1.00%

Top Holdings

Fund Top Holdings as of Feb 28 2023

Name	Weight
Shell Plc	2.48%
Novartis AG	2.17%
BHP Group Ltd	1.92%
BP p.l.c.	1.83%
Sanofi	1.55%
Deutsche Telekom AG	1.53%
UBS Group AG	1.48%
British American Tobacco p.l.c.	1.44%
Banco Bilbao Vizcaya Argentaria S.A.	1.39%
Nordea Bank Abp	1.35%

Download All Holdings: Monthly

Sector Allocation

Fund Sector Allocation as of Feb 28 2023

Sector	Weight
Financials	19.53%
Industrials	16.44%
Health Care	13.02%
Consumer Discretionary	10.20%
Materials	9.20%
Consumer Staples	8.83%
Information Technology	7.12%
Communication Services	5.93%
Energy	4.44%
Real Estate	3.28%
Utilities	2.02%

Geographical Breakdown

Document

Fund Documents

Information & Schedules

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, 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 International Stock Selection Fund - Class N)

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 International Stock Selection Fund - Class N.

The financial products described herein are indexed to an MSCI index. The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based.

The MSCI EAFE^® Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the US & Canada. As of December 2003 the MSCI EAFE Index consisted of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index is unmanaged and can not be invested in directly.

Prior to 10/12/2018, the State Street International Stock Selection Fund - Class N was known as the SSGA International Stock Selection Fund - Class N.