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Mr. Bruce Rosenberg
Treasurer
State Street Institutional Investment Trust
c/o SSGA Funds Management, Inc.
1 Iron Street
Boston, Massachusetts 02210
RE: | State Street Institutional Investment Trust Fee Waiver and/or Expense Reimbursement Arrangements |
December 30, 2024
Dear Mr. Rosenberg:
Section I. Total Annual Fund Operating Expense Arrangements
SSGA Funds Management, Inc. (SSGA FM), as adviser to each series (each a Fund and collectively, the Funds) of the State Street Institutional Investment Trust (the Trust), agrees until the date listed in the Expiration Date column below (the Expiration Date):
(a)(i) to waive up to the full amount of the advisory fee payable by a Fund, and/or (ii) to reimburse a Fund to the extent that Total Annual Fund Operating Expenses (exclusive of nonrecurring account fees, interest, taxes, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed the following percentage of average daily net assets on an annual basis with respect to the below-listed Funds:
Fund Name |
Expense Limitation | Expiration Date | ||||
State Street Target Retirement 2070 Fund |
0.09 | % | April 30, 2026 |
Each of the above stated fee waiver and/or expense reimbursement arrangement set forth in Section I(a) supersedes any prior fee waiver and/or expense reimbursement arrangement for the applicable Fund and (ii) may only be terminated during the relevant period with the approval of the Funds Board of Trustees. SSGA FM and a Fund Officer are authorized to take such actions as they deem necessary and appropriate to continue the above stated waiver and/or expense reimbursement arrangement for additional periods, including of one or more years, after the Expiration Date.
If the arrangements in Section I of this memorandum are acceptable to you, please sign below to indicate your acceptance and agreement and return a copy of this letter to me.
Sincerely, |
SSGA FUNDS MANAGEMENT, INC. |
/s/ Jeanne LaPorta |
By: |
Jeanne LaPorta President |
Accepted and Agreed: |
STATE STREET INSTITUTIONAL INVESTMENT TRUST, ON BEHALF OF THE FUNDS NAMED ABOVE |
/s/ Bruce Rosenberg |
By: |
Bruce Rosenberg |
Treasurer |