State Street U.s. Total Market Index Securities Lending Series Fund Class I (0P0000GFS8)

Investment Strategy

The State Street U.S. Total Market Index Fund (the "Fund") seeks an investment return that approximates as closely as practicable, before expenses, the performance of the Dow Jones U.S. Total Stock Market Index (the "Index") over the long term. The Fund is managed using a "passive" or "indexing" investment approach, by which SSGA attempts to match, before expenses, the performance of the Index. SSGA will typically attempt to invest in the securities comprising the Index, in approximately the same proportions as they are represented in the Index, but will not hold each security in the Index because of the small size and low liquidity of many securities at the tail of the Index. As such, it will not be possible or practicable to purchase all of the securities comprising the Index, or to hold them in the same weightings as they represent in the Index. As a result, SSGA may employ a sampling or optimization technique to construct the portfolio in question.From time to time securities are added to or removed from the Index. SSGA may sell securities that are represented in the Index, or purchase securities that are not yet represented in the Index, prior to or after their removal or addition to the Index.The Fund may at times purchase or sell index futures contracts, or options on those futures, or engage in other transactions involving the use of derivatives, in lieu of investment directly in the securities making up the Index or to enhance the Fund's replication of the Index return. The Fund's return may not match the return of the Index.