AMENDMENT NO. 1 TO SUB-ADMINISTRATION AGREEMENT BETWEEN SSGA FUNDS MANAGEMENT, INC. AND STATE STREET BANK and TRUST COMPANY

Form of Exhibit (h)(2)(b)(1)

AMENDMENT NO. 1 TO SUB-ADMINISTRATION AGREEMENT BETWEEN

SSGA FUNDS MANAGEMENT, INC.

AND

STATE STREET BANK and TRUST COMPANY
 

This Amendment No. 1 to the Sub-Administration Agreement is dated as of March 8, 2016, by and between SSGA Funds Management, Inc., a Massachusetts corporation (the “Administrator”) and State Street Bank and Trust Company, a Massachusetts trust company (the “Sub-Administrator”) (the “Amendment”).

WHEREAS, the Administrator and the Sub-Administrator have entered into a Sub-Administration Agreement dated as of June 1, 2015, as amended (the “Agreement”); and

WHEREAS, the Administrator and the Sub-Administrator now desire to amend the Agreement to create four new series of shares under the Amendment as provided herein.

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained in the Agreement and other consideration, the receipt and sufficiency of which is hereby acknowledged, the Administrator and the Sub-Administrator hereby agree to amend the Agreement as follows:

1. Pursuant to Sections 1 and 15 of the Agreement, the Administrator hereby notifies the Sub-Administrator that the State Street Navigator Securities Lending Trust, a Massachusetts business trust (the “Investment Company”), has created four new portfolio series known as the State Street Navigator Securities Lending Prime Portfolio II, the State Street Navigator Securities Lending Prime Portfolio III, the State Street Navigator Securities Lending Prime Portfolio IV and the State Street Navigator Securities Lending Prime Portfolio V.

2. Pursuant to Sections 1 and 15 of the Agreement, the Administrator hereby notifies the Sub-Administrator that it has terminated two portfolio series known as the State Street Navigator Securities Lending Government Portfolio and the State Street Navigator Securities Lending Short-Term Bond Portfolio.

3. Schedule A of the Agreement is hereby deleted in its entirety and replaced with the Schedule A attached hereto.

4. All other terms and conditions of the Agreement remain in full force and effect except as they may be modified hereby.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first above written.

Attest:			SSGA FUNDS MANAGEMENT, INC.
By:			By:
			Name:
			Title:

Attest:			STATE STREET BANK and TRUST COMPANY
By:			By:
			Name:
			Title:

SUB-ADMINISTRATION AGREEMENT

SCHEDULE A

Listing of Fund(s)

SPDR Index Shares Funds

OPERATIONAL ETFS

SPDR STOXX® Europe 50 ETF

SPDR EURO STOXX 50® ETF

SPDR EURO STOXX Small Cap ETF

SPDR S&P® Emerging Asia Pacific ETF

SPDR S&P Russia ETF

SPDR S&P China ETF

SPDR S&P Emerging Markets ETF

SPDR S&P Emerging Markets Dividend ETF

SPDR S&P BRIC 40 ETF

SPDR S&P Emerging Europe ETF

SPDR S&P Emerging Latin America ETF

SPDR S&P Emerging Middle East & Africa ETF

SPDR S&P World ex-US ETF

SPDR S&P International Small Cap ETF

SPDR Dow Xxxxx International Real Estate ETF

SPDR S&P Global Infrastructure ETF

SPDR S&P Global Natural Resources ETF

SPDR MSCI ACWI ex-US ETF

SPDR MSCI ACWI IMI ETF

SPDR MSCI ACWI Low Carbon Target ETF

SPDR MSCI EM 50 ETF

SPDR MSCI EM Beyond BRIC ETF

SPDR MSCI EAFE Quality Mix ETF

SPDR MSCI Emerging Markets Quality Mix ETF

SPDR MSCI World Quality Mix ETF

SPDR MSCI Australia Quality Mix ETF

SPDR MSCI Canada Quality Mix ETF

SPDR MSCI Germany Quality Mix ETF

SPDR MSCI Japan Quality Mix ETF

SPDR MSCI Mexico Quality Mix ETF

SPDR MSCI South Korea Quality Mix ETF

SPDR MSCI Spain Quality Mix ETF

SPDR MSCI Taiwan Quality Mix ETF

SPDR MSCI United Kingdom Quality Mix ETF

SPDR Xxxxxxx/Nomura PRIMETM Japan ETF

SPDR Xxxxxxx/Nomura Small CapTM Japan ETF

SPDR S&P Global Dividend ETF

SPDR S&P International Dividend ETF

SPDR S&P International Mid Cap ETF

SPDR S&P Emerging Markets Small Cap ETF

SPDR Dow Xxxxx Global Real Estate ETF

SPDR S&P International Consumer Discretionary Sector ETF

SPDR S&P International Consumer Staples Sector ETF

SPDR S&P International Energy Sector ETF

SPDR S&P International Financial Sector ETF

SPDR S&P International Health Care Sector ETF

SPDR S&P International Industrial Sector ETF

SPDR S&P International Materials Sector ETF

SPDR S&P International Technology Sector ETF

SPDR S&P International Telecommunications Sector ETF

SPDR S&P International Utilities Sector ETF

SHELF ETFS

SPDR S&P Asia Pacific ETF

SPDR S&P Europe ETF

SPDR S&P Small Cap Emerging Europe ETF

SPDR S&P Small Cap Emerging Africa ETF

SPDR S&P Small Cap Emerging South East Asia ETF

SPDR S&P Small Cap Emerging GCC-Middle East & Africa ETF

SPDR S&P Ireland ETF

SPDR S&P Brazil ETF

SPDR S&P India ETF

SPDR S&P Small Cap Emerging Latin America ETF

SPDR MSCI France Quality Mix ETF

SPDR MSCI Switzerland Quality Mix ETF

SPDR Series Trust

OPERATIONAL ETFS

SPDR Xxxxxxx 3000 ETF

SPDR Xxxxxxx 1000 ETF

SPDR Xxxxxxx 2000 ETF

SPDR S&P 500 Growth ETF

SPDR S&P 500 Value ETF

SPDR Xxxxxxx Xxxxx Cap Completeness ETF

SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Value ETF

SPDR S&P 600 Small Cap ETF

SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Value ETF

SPDR Global Dow ETF

SPDR Dow Xxxxx REIT ETF

SPDR S&P Bank ETF

SPDR S&P Capital Markets ETF

SPDR S&P Insurance ETF

SPDR S&P Regional BankingSM ETF

SPDR Xxxxxx Xxxxxxx Technology ETF

SPDR S&P Dividend ETF

SPDR S&P Aerospace & Defense ETF

SPDR S&P Biotech ETF

SPDR S&P Health Care Equipment ETF

SPDR S&P Health Care Services ETF

SPDR S&P Homebuilders ETF

SPDR S&P Metals & Mining ETF

SPDR S&P Oil & Gas Equipment & Services ETF

SPDR S&P Oil & Gas Exploration & Production ETF

SPDR S&P Pharmaceuticals ETF

SPDR S&P Retail ETF

SPDR S&P Semiconductor ETF

SPDR S&P Software & Services ETF

SPDR S&P Telecom ETF

SPDR S&P Transportation ETF

SPDR S&P 1500 Value Tilt ETF

SPDR S&P 1500 Momentum Tilt ETF

SPDR Xxxxxxx 1000 Low Volatility ETF

SPDR Xxxxxxx 2000 Low Volatility ETF

SPDR Xxxxx Fargo Preferred Stock ETF

SPDR Barclays 1-3 Month T-Xxxx ETF

SPDR Barclays TIPS ETF

SPDR Barclays 0-5 Year TIPS ETF

SPDR Barclays 1-10 Year TIPS ETF

SPDR Barclays Short Term Treasury ETF

SPDR Barclays Intermediate Term Treasury ETF

SPDR Barclays Long Term Treasury ETF

SPDR Barclays Short Term Corporate Bond ETF

SPDR Barclays Intermediate Term Corporate Bond ETF

SPDR Barclays Long Term Corporate Bond ETF

SPDR Barclays Issuer Scored Corporate Bond ETF

SPDR Barclays Convertible Securities ETF

SPDR Barclays Mortgage Backed Bond ETF

SPDR Barclays Aggregate Bond ETF

SPDR Nuveen Barclays Municipal Bond ETF

SPDR Nuveen Barclays California Municipal Bond ETF

SPDR Nuveen Barclays New York Municipal Bond ETF

SPDR Nuveen Barclays Short Term Municipal Bond ETF

SPDR Nuveen S&P High Yield Municipal Bond ETF

SPDR Nuveen Barclays Build America Bond ETF

SPDR DB International Government Inflation-Protected Bond ETF

SPDR Barclays Short Term International Treasury Bond ETF

SPDR Barclays International Treasury Bond ETF

SPDR Barclays International Corporate Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF

SPDR Barclays High Yield Bond ETF

SPDR Barclays International High Yield Bond ETF

SPDR Barclays Short Term High Yield Bond ETF

SPDR Barclays Investment Grade Floating Rate ETF

SPDR BofA Xxxxxxx Xxxxx Emerging Markets Corporate Bond ETF

SPDR BofA Xxxxxxx Xxxxx Crossover Corporate Bond ETF

SPDR S&P 500 Buyback ETF

SPDR MSCI USA Quality Mix ETF

SHELF ETFS

SPDR S&P Building & Construction ETF

SPDR S&P Computer Hardware ETF

SPDR S&P Food & Beverage ETF

SPDR S&P LeisureTime ETF

SPDR S&P Outsourcing & IT Consulting ETF

SPDR S&P 1500 Volatility Tilt ETF

SPDR S&P Commercial Paper ETF

SPDR S&P Agency Bond ETF

SPDR Barclays Corporate Bond ETF

SPDR Barclays Corporate Industrial Bond ETF

SPDR Barclays Corporate Financial Bond ETF

SPDR Barclays Zero Coupon Bond ETF

SPDR Barclays CMBS ETF

SPDR Barclays Global Convertible Securities ETF

SPDR Barclays Breakeven Inflation ETF

SPDR S&P Commercial Paper ex-Financials ETF

SPDR Barclays Floating Rate Treasury ETF

SPDR Nuveen S&P Short Duration High Yield Municipal Bond ETF

SSGA Active Trust

OPERATIONAL ETFS AND PORTFOLIOS

SPDR SSgA Multi-Asset Real Return ETF

SPDR SSgA Income Allocation ETF

SPDR SSgA Global Allocation ETF

SPDR Blackstone/GSO Senior Loan ETF

SPDR SSgA Ultra Short Term Bond ETF

SPDR MFS Systematic Core Equity ETF

SPDR MFS Systematic Growth Equity ETF

SPDR MFS Systematic Value Equity ETF

SPDR SSgA Risk Aware ETF

State Street Clarion Global Infrastructure & MLP Portfolio

SPDR DoubleLine Total Return Tactical ETF

SHELF ETFS

SPDR SSgA Conservative Global Allocation ETF

SPDR SSgA Aggressive Global Allocation ETF

SPDR SSgA Conservative Ultra Short Term Bond ETF

SPDR SSgA Aggressive Ultra Short Term Bond ETF

SPDR SSgA Large Cap Risk Aware ETF

SPDR SSgA Small Cap Risk Aware ETF

SPDR SSgA US Minimum Volatility ETF

SPDR SSgA Global Managed Volatility ETF (formerly, SPDR SSgA Global Minimum

Volatility ETF)

SPDR SSgA Emerging Markets Minimum Volatility ETF

SSGA Funds

SSGA U.S. Government Money Fund*

SSGA Money Market Fund*

SSGA High Yield Bond Fund*

SSGA Dynamic Small Cap Fund*

SSGA Enhanced Small Cap Fund*

SSGA Emerging Markets Fund*

SSGA International Stock Selection Fund*

SSGA Clarion Real Estate Fund*

SSGA U.S. Treasury Money Market Fund*

SSGA Prime Money Market Fund*

SSGA S&P 500 Index Fund*

SSGA Master Trust

OPERATIONAL PORTFOLIOS

SSgA Multi-Asset Real Return Portfolio

SSgA Income Allocation Portfolio

SSgA Global Allocation Portfolio

Blackstone / GSO Senior Loan Portfolio

SSgA Ultra Short Term Bond Portfolio

SSgA MFS Systematic Core Equity Portfolio

SSgA MFS Systematic Growth Equity Portfolio

SSgA MFS Systematic Value Equity Portfolio

State Street Risk Aware Portfolio

State Street DoubleLine Total Return Tactical Portfolio

SHELF PORTFOLIOS

SSgA Conservative Global Allocation Portfolio

SSgA Aggressive Global Allocation Portfolio

State Street Institutional Investment Trust

State Street Equity 500 Index Fund*

State Street Aggregate Bond Index Fund*

State Street Institutional Liquid Reserves Fund*

State Street Institutional U.S. Government Money Market Fund*

State Street Institutional Tax Free Money Market Fund*

State Street Institutional Treasury Money Market Fund*

State Street Institutional Treasury Plus Money Market Fund*

State Street Global Equity ex-U.S. Index Fund*

State Street Strategic Real Return Fund

State Street Target Retirement 2015 Fund*

State Street Target Retirement 2020 Fund*

State Street Target Retirement 2025 Fund*

State Street Target Retirement 2030 Fund*

State Street Target Retirement 2035 Fund*

State Street Target Retirement 2040 Fund*

State Street Target Retirement 2045 Fund*

State Street Target Retirement 2050 Fund*

State Street Target Retirement 2055 Fund*

State Street Target Retirement 0000 Xxxx*

Xxxxx Xxxxxx Xxxxxx Retirement Fund*

State Street Global Managed Volatility Fund*

State Street Opportunistic Emerging Markets Equity Fund

State Street Equity 500 Index II Portfolio

State Street Aggregate Bond Index Portfolio

State Street Strategic Real Return Portfolio

State Street Global Equity ex-U.S. Index Portfolio

State Street Clarion Global Infrastructure & MLP Fund*

State Street Global Macro Absolute Return Fund

State Street Clarion Global Real Estate Income Fund*

Xxxxx Xxxxxx Xxxxx Xxxx Xxxx

Xxxxx Xxxxxx XXX Emerging Markets Fund*

State Street International Developed Equity Index Fund*

State Street Hedged International Developed Equity Index*

State Street Macro Absolute Return Bond Fund

State Street Income Allocation Fund

State Street Multi-Asset Real Return Fund

State Street Global Allocation Fund

State Street Small/Mid Cap Equity Index Portfolio

State Street Small/Mid Cap Equity Index Fund

Xxxxx Xxxxxx 00 Day Money Market Portfolio

State Street 60 Day Money Market Fund

State Street Cash Reserves Portfolio

State Street Cash Reserves Fund

State Street Institutional Liquid Assets Portfolio

State Street Institutional Liquid Assets Fund

State Street Current Yield Portfolio

State Street Current Yield Fund

State Street Conservative Income Portfolio

State Street Conservative Income Fund

State Street Ultra Short Term Bond Portfolio

State Street Ultra Short Term Bond Fund

State Street Emerging Markets Equity Index Fund

State Street Master Funds

State Street Equity 500 Index Portfolio

State Street Money Market Portfolio

State Street Tax Free Money Market Portfolio

State Street U.S. Government Money Market Portfolio

State Street Treasury Money Market Portfolio

State Street Treasury Plus Money Market Portfolio

State Street Navigator Securities Lending Trust

State Street Navigator Securities Lending Prime Portfolio

State Street Navigator Securities Lending Prime Portfolio II

State Street Navigator Securities Lending Prime Portfolio III

State Street Navigator Securities Lending Prime Portfolio IV

State Street Navigator Securities Lending Prime Portfolio V

State Street Navigator Securities Lending TIAA-CREF Short Term Lending Portfolio State

Street Navigator Securities Lending MET Portfolio

The Select Sector SPDR® Trust

The Consumer Discretionary Select Sector SPDR Fund

The Consumer Staples Select Sector SPDR Fund

The Energy Select Sector SPDR Fund

The Financial Select Sector SPDR Fund

The Health Care Select Sector SPDR Fund

The Industrial Select Sector SPDR Fund

The Materials Select Sector SPDR Fund

The Technology Select Sector SPDR Fund

The Utilities Select Sector SPDR Fund

* Receiving blue sky services pursuant to Section 5(cc).