31 March 2012
SSgA Government Money Market Fund
SSgA Government Money Market Fund represents units of ownership in the Government Short Term Investment Fund.
The Fund seeks to offer safety of principal and a competitive yield
by investing in securities issued by the U.S. government.
Investment Objective
The Fund seeks to provide safety of principal, daily liquidity and a
competitive yield over the long term.
The Fund is not a "money market fund" registered with the Securities and
Exchange Commission, and is not subject to the various rules and
limitations that apply to such funds.There can be no assurance that the
Fund will maintain a stable net asset value.
Investment Strategy
The Fund invests in securities issued by the U.S. Government or its
agencies or instrumentalities, and in repurchase agreements with respect
to such securities. Obligations of certain agencies or instrumentalities of
the U.S. Government, such as Ginnie Mae, are back by the full faith and
credit of the U.S. Government; obligations of other agencies or
instrumentalities of the U.S. Government may not be.
Key Facts
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Is actively managed; will not short sell securities
Does not use futures or other derivatives
May invest in other investment funds, including those managed
by SSgA and its affiliates
Performance
Cumulative Total Return
3 Months
Year to Date
Fund
0.00%
0.00%
Annualized Total Return
1 Year
3 Year
5 Year
10 Year
0.00%
0.00%
0.97%
1.48%
Fund inception is January 1986
Returns have been reduced by 0.75% as plan level expenses. In addition, other fund expenses may apply.
All returns greater than 1 year are annualized. Past performance is not a guarantee of future results.
Current performance may be lower or higher than the performance shown above. Fund returns reflect all
items of income, gain and loss and the reinvestment of dividends and other income and are calculated in
US dollars.
Characteristics*
Average Maturity
Average Quality
Current Yield
48.00
A1+P1
0.00%
Sector Allocation
Agency
Repurchase Agreements
Floating Rate Agencies
53.68%
40.83
5.49
Risk Management
Credit Quality Breakdown
SSgA monitors credit and interest rate risk on a continuous basis.The
Fund will be highly diversified and will not invest more than 5% of its
total assets in obligations of any one issuer, other than obligations of the
U.S. Government or its agencies or obligations or other investment pools
in which it may invest.
Aa
A1+/P1
A1/P1
About SSgA
Important Message About Risk
The Fund is managed by State Street Global Advisors (SSgA), the
investment management division of State Street Bank and Trust
Company, and a global leader in providing investment management
solutions to clients worldwide.To learn more about SSgA, visit our web
site at www.ssga.com.
There are risks involved with investing, including possible loss of
principal. Risks include, but are not limited to, interest rate risks; the risk of
issuer default, and inflation risk. U.S.Treasury Bills maintain a stable value
if held to maturity, but returns are generally only slightly above the
inflation rate. Additionally, an investment in the Fund is subject to a
number of risks, which include but are not limited to: Call Risk, Conflict of
Interest Risk, Counterparty Risk, Credit Risk, Currency Risk, Custodial Risk,
Debt Securities Risk, Derivatives Risk, Extension Risk, Geographic
Concentration Risk, Income Risk, Index Risk, Interest Rate Risk, Investment
Risk, Issuer Risk, Leveraging Risk, Limited Investment Program Risk,
Liquidity Risk, Lower-Rated Securities Risk, Market Risk, Mortgage and
Asset-Backed Securities Risk, Municipal Obligations Risk, Portfolio
Turnover Risk, Prepayment Risk, Risk of Investment in Other Pools,Tax
Risk, U.S. Government Securities Risk,Variable and Floating Rate
Securities, and Valuation Risk.You should refer to the Fund's Disclosure
Document for a complete description of the risks of investing in the Fund.
Risk management does not promise any level of performance or
guarantee against loss of principal. SSgA encourages investors to seek
the advice of well-qualified financial and tax advisors, accountants,
attorneys and other professionals before making any investment or
retirement decision.
*1 Day Average Yield reflects waivers and/or reimbursements made to the fund.
The index measures the average yield on the 91 Day T-Bill, which is a short term, debt instrument issued
by the U.S.Treasury with a maturity of 91 days.
The Fund is a collective investment trust and is not FDIC insured, nor is it an obligation or deposit of, or
guaranteed by State Street Corporation, SSgA or its affiliates.
Certain supplemental information may be rounded and may result in the total not adding up to 100.
Characteristics and allocations, if shown, are as of the date indicated, are subject to change, and should
not be relied upon as current thereafter. This information should not be considered a recommendation to
invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or
securities shown will be profitable in the future.
State Street regards the Fact Sheets in their distributed form to be complete documents that
include material information regarding the Funds for investor consideration.You are not
authorized to make any material modifications to this information without our express consent,
and we assume no liability in connection with these Plan Materials or with regard to any
modifications to or misuse of the information contained therein.
INST-2092
2.58%
59.12
38.30