EXHIBIT 99.B22D(4)
AMENDMENT NO. 3 TO THE
INVESTMENT ADVISORY AGREEMENT
May 23, 2005
SSgA Funds Management, Inc.
State Street Financial Center
Xxx Xxxxxxx Xxxxxx
Xxxxxx, XX 00000
Ladies and Gentlemen:
The Investment Advisory Agreement between the SSgA Funds and SSgA Funds
Management, Inc., dated May 1, 2001, as amended, is hereby amended to reduce the
fee charged by the Advisor for investment advisory services to the SSgA
Intermediate Fund, as reflected in the attached Amended Exhibit "A."
SSgA Funds SSgA Funds Management, Inc.
By: By:
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Xxxx X. Xxxxxxxx Xxxxx Xxxx
Director, Product Development
AMENDED
EXHIBIT "A"
MAY 23, 2005
As consideration for the Adviser's services to the following Funds, the Adviser
shall receive from each of these Funds an annual advisory fee, accrued daily at
the rate of 1/365th of the applicable advisory fee rate and payable monthly on
the first business day of each month, of the following annual percentages of
each Fund's average daily net assets during the month:
SSgA Money Market Fund 0.25%
SSgA US Government Money Market Fund 0.25%
SSgA S&P 500 Index Fund 0.03%*
SSgA Disciplined Equity Fund 0.25%
SSgA MSCI EAFE Index Fund 0.10%*
SSgA Bond Market Fund 0.30%
SSgA Yield Plus Fund 0.25%
SSgA US Treasury Money Market Fund 0.10%**
SSgA US Treasury Obligations Fund 0.25%
SSgA Core Opportunities Fund 0.75%
SSgA Intermediate Fund 0.30%
SSgA Prime Money Market Portfolio 0.10%**
SSgA Emerging Markets Fund 0.75%
SSgA Tax Free Money Market Fund 0.25%
SSgA Tuckerman Active REIT Fund 0.65%
SSgA Small Cap Fund 0.75%
SSgA International Stock Selection Fund 0.75%
SSgA Life Solutions Income and Growth Fund 0.00%
SSgA Life Solutions Balanced Fund 0.00%
SSgA Life Solutions Growth Fund 0.00%
SSgA Special Equity Fund 0.75%
SSgA International Growth Opportunities Fund 0.75%
SSgA High Yield Bond Fund 0.30%
SSgA Aggressive Equity Fund 0.75%
SSgA IAM SHARES Fund 0.25%
SSgA Intermediate Municipal Bond Fund 0.30%
SSgA Large Cap Value Fund 0.75%
SSgA Large Cap Growth Opportunities Fund 0.75%
SSgA Directional Core Equity Fund 1.25%
SSgA Enhanced Small Cap Fund 0.45%
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* Only in the event the assets of the Fund are no longer invested in the
Master Fund.
** Pursuant to a contractual waiver until 12/31/2010.
