State Street Global Advisors ERISA 408(b)(2) Fee Disclosure Pursuant to U.S. Department of Labor Regulations Section b-2

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1 ERISA 408(b)(2) Fee Disclosure Pursuant to U.S. Department of Labor Regulations Section b-2 This information is not, and shall not be deemed to constitute, any type of advice, including but not limited to, investment, legal, tax, or accounting advice regarding the plan fiduciary s obligations under ERISA 404(a)(1) or 408(b)(2). Please consult with your own legal counsel regarding ERISA 404(a)(1) or 408(b)(2) obligations to you.

2 Trustee and Investment Manager - Commingled Funds SSgA is trustee and investment manager of bank commingled funds, as further described in the Strategy Disclosure Document and your investment management agreement or contract. Fiduciary Status SSgA will provide services to the plan as a fiduciary as such term is defined in ERISA section 3(21) Direct/ Comp. Deducted directly from covered plan's investment (i.e., from the fund). Please refer to Class the Amended and Restated Fund Declaration.

3 (1) Other than as described below, there are no commissions, sales loads, sales charges, deferred sales charges, redemption fees, surrender charges, exchange fees, account fees, purchase fees, or other compensation that will be charged directly against the fund that are not included in the annual operating expenses of the fund. Transaction Charges incurred regarding any purchase or withdrawal of units in a Fund may be allocated and charged to the relevant Plan and applied to reduce the (a) number of units purchased by the Plan, and (b) the net cash proceeds, if any, payable upon any withdrawal of units by the Plan and/or, as, the net asset value of any securities or other assets distributed to the Plan in connection with the withdrawal of any such units. Transaction Charges means generally (i) brokerage and related transaction fees and expenses incurred or estimated by the Trustee to be incurred by a Fund, and (ii) the market effect (e.g., fees, costs, market value fluctuation) arising out of, or in connection with the purchase, sale, transfer, or re-registration of securities or other property of a Fund in connection with the purchase or withdrawal of units in the Fund. To the extent the Fund invests in other pooled investment vehicles sponsored or managed by, or otherwise affiliated with the Trustee, the Fund itself may incur such Transaction Charges as a result of such investment, which will be reflected in the Fund's net asset value. Please refer to Article 1 and Article 3 of the Fifth Amended and Restated Declaration of Trust for the State Street Bank and Trust Company Investment Funds for Tax Exempt Retirement Plans, the State Street Bank and Trust Company Global Managed Common Trust Funds Second Amended and Restated Declaration of Trust, and/or the State Street Bank and Trust Company World Index Common Trust Funds Seventh Amended and Restated Declaration of Trust, as, for more information on Transaction Charges and the Trustee's abilities to allocate and charge Transaction Charges. Please also refer your trade confirmation(s) from SSgA for the Transaction Charges incurred, if any. These Transaction Charges are payable to the Fund and not to SSgA or an affiliate. (2) For participant directed defined contribution plans, please refer to your specific DC 404(a) Disclosure distributed to you on February 27, 2014 (the "404a-5 Matrix"), as maybe amended, supplemented or superseded from time to time, for the Fund's Total Annual Operating Expense Ratio calculated in accordance with 29 CFR a-5(h)(5). For all other plans, please refer to the Fund's Audited Financial Statements previously provided to you for a description of the annual operating expenses of the Fund as of the end of the previous year. Any Underlying Funds in which the Fund may invest will also incur expenses, and expense ratio information associated with such Underlying Funds is available upon request. We reasonably expect that the Fund's annual operating expenses going forward will be substantially similar to the annual operating expenses of the previous year. (3) Please see the 404a-5 Matrix for other information that may assist the plan administrator in complying with its disclosure obligations described in 29 CFR a-5(d)(1).

4 Trustee and Investment Manager - Commingled Funds SSgA is trustee and investment manager of bank commingled funds, as further described in the Strategy Disclosure Document and your investment management agreement or contract. Fiduciary Status SSgA will provide services to the plan as a fiduciary as such term is defined in ERISA section 3(21) Direct/ Comp. See enclosed list of brokers from whom SSgA may receive soft dollar commissions on this fund. Soft Dollar Commissions: SSgA employs a standard negotiated commission schedule for specific types of trades (i.e., equities) entered into on behalf of its client accounts. SSgA also participates in Commission Sharing arrangements ("CSAs") with certain broker-dealers. SSgA receives not only proprietary research from broker-dealers and other counterparties, but also third party services pursuant to the CSAs. All such CSA soft dollar arrangements are implemented consistent with Section 28(e) of the Securities Exchange Act of For a client invested in a separate account that participates in CSA soft dollar arrangements, the account will bear the account's entire commission paid from the CSA credit pools.

5 Trustee and Investment Manager - Commingled Funds SSgA is trustee and investment manager of bank commingled funds, as further described in the Strategy Disclosure Document and your investment management agreement or contract. Fiduciary Status SSgA will provide services to the plan as a fiduciary as such term is defined in ERISA section 3(21) Direct/ Comp. Please see description of compensation. SSgA employees may receive non-cash indirect compensation from time to time in the form of gifts of nominal value (i.e., having value less than $250), occasional meals or entertainment (e.g., tickets to a concert or sporting event), or reimbursement for certain expenses related to attendance at educational conferences or seminars that may be attended by plan sponsors and representatives.

6 Fiduciary Status Direct/ Comp. Custody s include: (i) custody services provided to SSgA commingled funds; includes country custody charges and transaction charges; (ii) overdraft funding, and (iii) holding of un-invested cash in DDA pending investment or distribution. Custody: to the extent our activities qualify as "fiduciary" acts as described in ERISA Section 3(21), we perform such activities in the capacity of a fiduciary. Overdraft funding and Un-invested Cash: No. Custody: deducted from covered plan's investment (i.e., from the fund). Overdraft funding: paid to the global custodian by the party responsible for overdraft. Un-invested cash: interest on un-invested cash balances may be earned by the global custodian and/or sub-custodian; for negative interest rate markets, a negative float rate may be charged by the global custodian and/or sub-custodian against currency balances. Custody: please refer to Schedule of Administration Fees and Transaction Costs in the Amended and Restated Fund Declaration or Class Description (if ). Overdraft funding: the global custodian may charge interest on overdrawn U.S. Dollar and foreign currency balances at prevailing U.S.and local market rates. Un-invested cash: For U.S. balances, generally Fed Funds rate; for non-us currency balances, short-term interest is earned at prevailing local market rates. The interest on uninvested cash balances is generally earned through overnight market investments. Float on off-book non-us currency balances may be retained by the global custodian and/or subcustodian.