State Street Institutional Investment Trust
State Street Institutional Investment Trust
000 Xxxxxxxxxx Xxxxxx
XXX0000
Xxxxxx, XX 00000
SSGA Funds Management, Inc.
Xxx Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
June 19, 2014
Ladies and Gentlemen:
Reference is made to the Investment Advisory Agreement between us dated May 1, 2001 (the “Agreement”).
Pursuant to the Agreement, this letter is to provide notice of the creation of twenty-three additional series of State Street Institutional Investment Trust (the “Trust” and each, a “New Fund”, and collectively, the “New Funds”):
| • State Street Strategic Real Return Fund |
• State Street Target Retirement 2060 Fund | |
| • State Street Target Retirement Fund |
• State Street Global Managed Volatility Fund | |
| • State Street Target Retirement 2015 Fund |
• State Street Global Equity ex-U.S. Index Fund | |
| • State Street Target Retirement 2020 Fund |
• State Street Opportunistic Emerging Markets Fund | |
| • State Street Target Retirement 2025 Fund |
• State Street Clarion Global Real Estate Income Fund | |
| • State Street Target Retirement 2030 Fund |
• State Street Small Cap Emerging Markets Equity Fund | |
| • State Street Target Retirement 2035 Fund |
• State Street Clarion Global Infrastructure & MLP Fund | |
| • State Street Target Retirement 2040 Fund |
• State Street Global Equity ex-U.S. Index Portfolio | |
| • State Street Target Retirement 2045 Fund |
• State Street Aggregate Bond Index Portfolio | |
| • State Street Target Retirement 2050 Fund |
• State Street Strategic Real Return Portfolio | |
| • State Street Target Retirement 2055 Fund |
• State Street Equity 500 Index II Portfolio | |
We request that you act as Investment Advisor under the Agreement with respect to each New Fund.
Further, the State Street Aggregate Bond Index Fund has reduced its management fee from 0.10% to 0.03%, as reflected in the chart below.
Under the Agreement, the Adviser is entitled to receive, on a monthly basis, an investment advisory fee from the New Funds. The advisory fee is a percentage of average daily net assets of each New Fund, as follows:
| State Street Equity 500 Index II Portfolio |
0.00% | |
| State Street Global Equity ex-U.S. Index Portfolio |
0.00% | |
| State Street Aggregate Bond Index Portfolio |
0.00% | |
| State Street Strategic Real Return Portfolio |
0.00% | |
| State Street Strategic Real Return Fund |
0.20% | |
| State Street Target Retirement Fund |
0.05% | |
| State Street Target Retirement 2015 Fund |
0.05% | |
| State Street Target Retirement 2020 Fund |
0.05% | |
| State Street Target Retirement 2025 Fund |
0.05% | |
| State Street Target Retirement 2030 Fund |
0.05% | |
| State Street Target Retirement 2035 Fund |
0.05% | |
| State Street Target Retirement 2040 Fund |
0.05% | |
| State Street Target Retirement 2045 Fund |
0.05% | |
| State Street Target Retirement 2050 Fund |
0.05% | |
| State Street Target Retirement 2055 Fund |
0.05% | |
| State Street Target Retirement 2060 Fund |
0.05% | |
| State Street Global Equity ex-U.S. Index Fund |
0.06% | |
| State Street Opportunistic Emerging Markets Fund |
0.95% | |
| State Street Small Cap Emerging Markets Equity Fund |
1.15% | |
| State Street Clarion Global Real Estate Income Fund |
0.85% | |
| State Street Aggregate Bond Index Fund |
0.03% |
As consideration for the Adviser’s services to each of the State Street Global Managed Volatility Fund and State Street Clarion Global Infrastructure & MLP Fund (each, a “Fund”), the Adviser shall receive from the Fund a fee, accrued daily at the rate of 1/365th of the applicable fee rate and payable monthly on the first business day of each month, of the following annual percentage of the Fund’s average daily net assets during the month, less the proportional amount of the advisory fee of an investment company the shares of which are the only investment security held by the Fund.
| State Street Global Managed Volatility Fund |
0.75 | % | ||
| State Street Clarion Global Infrastructure & MLP Fund |
0.90 | % |
Please indicate your acceptance of the foregoing by executing two copies of this letter, returning one to the Trust and retaining one copy for your records.
| Very truly yours, | ||
| State Street Institutional Investment Trust | ||
| By: | /s/ Xxx X. Xxxxxxxxx | |
| Xxx Xxxxxxxxx, Vice President | ||
| Accepted: | ||
| SSGA Funds Management, Inc. | ||
| By: | /s/ Xxxxx X. Xxxxxxx | |
| Xxxxx Xxxxxxx, President | ||
