0001193125-18-291829.txt : 20181003 0001193125-18-291829.hdr.sgml : 20181003 20181003151516 ACCESSION NUMBER: 0001193125-18-291829 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 20181003 DATE AS OF CHANGE: 20181003 EFFECTIVENESS DATE: 20181003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET INSTITUTIONAL INVESTMENT TRUST CENTRAL INDEX KEY: 0001107414 IRS NUMBER: 046910804 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-30810 FILM NUMBER: 181104810 BUSINESS ADDRESS: STREET 1: STATE STREET FINANCIAL CENTER STREET 2: ONE LINCOLN STREET CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6176623239 MAIL ADDRESS: STREET 1: ONE LINCOLN STREET CITY: BOSTON STATE: MA ZIP: 02111 0001107414 S000010695 State Street Equity 500 Index Fund C000136665 Class A SSSVX C000136666 Class K SSSYX C000136667 Class I SSSWX 0001107414 S000010699 State Street Aggregate Bond Index Fund C000136668 Class A SSFCX C000136669 Class K SSFEX C000136670 Class I SSFDX 0001107414 S000050331 STATE STREET SMALL/MID CAP EQUITY INDEX FUND C000158901 Class A SSMJX C000158902 Class I SSMLX C000158903 Class K SSMKX 497 1 d625200d497.htm STATE STREET INSTITUTIONAL INVESTMENT TRUST State Street Institutional Investment Trust

Exhibit Index

 

Exhibit No.

    
EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxonomy Extension Presentation Linkbase
EX-101.INS 2 ssiit-20180924.xml XBRL INSTANCE DOCUMENT 0001107414 2018-04-30 2018-04-30 0001107414 ssiit:S000010695Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010699Member 2018-04-30 2018-04-30 0001107414 ssiit:S000050331Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010695Member ssiit:C000136665Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010695Member ssiit:C000136667Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010695Member ssiit:C000136666Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010699Member ssiit:C000136668Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010699Member ssiit:C000136670Member 2018-04-30 2018-04-30 0001107414 ssiit:S000010699Member ssiit:C000136669Member 2018-04-30 2018-04-30 0001107414 ssiit:S000050331Member ssiit:C000158901Member 2018-04-30 2018-04-30 0001107414 ssiit:S000050331Member ssiit:C000158902Member 2018-04-30 2018-04-30 0001107414 ssiit:S000050331Member ssiit:C000158903Member 2018-04-30 2018-04-30 pure iso4217:USD 2018-04-30 497 2017-12-31 STATE STREET INSTITUTIONAL INVESTMENT TRUST 0001107414 false 2018-09-24 2018-09-24 <div style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>State Street Institutional Investment Trust </b></div> <div style="margin-top:0pt; margin-bottom:0pt; " align="center">(the &#8220;Trust&#8221;) </div> <div style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>State Street Equity 500 Index Fund </b></div> <div style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A (SSSVX) Class&nbsp;I (SSSWX) Class&nbsp;K (SSSYX) </div> <div style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>State Street Aggregate Bond Index Fund </b></div> <div style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A (SSFCX) Class&nbsp;I (SSFDX) Class&nbsp;K (SSFEX) </div> <div style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>State Street Small/Mid Cap Equity Index Fund </b></div> <div style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A (SSMJX) Class&nbsp;I (SSMLX) Class&nbsp;K (SSMKX) </div> <div style="margin-top:12pt; margin-bottom:0pt; " align="center">(each a &#8220;Fund&#8221;, collectively the &#8220;Funds&#8221;) </div> <div style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>SUPPLEMENT DATED SEPTEMBER&nbsp;21, 2018 TO THE PROSPECTUS AND </b></div> <div style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>STATEMENT OF ADDITIONAL INFORMATION (&#8220;SAI&#8221;) EACH DATED APRIL&nbsp;30, 2018 </b></div> <div style="margin-top:12pt; margin-bottom:0pt; "><b>Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows: </b></div> <div style="margin-top:18pt; margin-bottom:0pt; "><b>STATE STREET EQUITY 500 INDEX FUND </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">The sub-sections within the Fund Summary entitled &#8220;<b>Annual Fund Operating Expenses</b>&#8221; on page 1 of the Prospectus and &#8220;<b>Example</b>&#8221; on page 2 of the Prospectus are each deleted in their entirety and replaced in each instance with the following: </div> <div style="margin-top:18pt; margin-bottom:0pt; "><b>Annual Fund Operating Expenses </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">(expenses that you pay each year as a percentage of the value of your investment) </div> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;I</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;K</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Management Fee</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Distribution and/or Shareholder Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.00</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.00</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.29</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.29</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.09</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.56</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.31</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.11</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Less Fee Waivers and/or Expense Reimbursements<sup>3</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.09</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.09</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.09</td> <td valign="bottom">)%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.47</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.22</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> </table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>1</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class&nbsp;A shares made within 18&nbsp;months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or&nbsp;more. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Other Expenses have been restated to reflect current fees for Class&nbsp;A and Class&nbsp;I shares. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">The Fund&#8217;s investment adviser, SSGA Funds Management, Inc. (the &#8220;Adviser&#8221; or &#8220;SSGA FM&#8221;), is contractually obligated until April&nbsp;30, 2020, separately with respect to both the Fund and the Portfolio, (i)&nbsp;to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii)&nbsp;to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April&nbsp;30, 2020 except with approval of the Fund/Portfolio&#8217;s Board of Trustees. </div></td></tr></table> <div style="margin-top:18pt; margin-bottom:0pt; "><b>Example </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April&nbsp;30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </div> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>1<br/>year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>3<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>5<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>10<br/>years</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;A</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">571</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">686</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">813</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,181</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;I</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">23</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">91</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">165</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">384</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;K</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">26</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">53</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">132</td> <td valign="bottom">&nbsp;</td></tr> </table> <div style="margin-top:18pt; margin-bottom:0pt; "><b>STATE STREET AGGREGATE BOND INDEX FUND </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">The sub-sections within the Fund Summary entitled &#8220;<b>Annual Fund Operating Expenses</b>&#8221; on page 7 of the Prospectus and &#8220;<b>Example</b>&#8221; on pages 7-8 of the Prospectus are each deleted in their entirety and replaced in each instance with the following: </div> <div style="margin-top:18pt; margin-bottom:0pt; "><b>Annual Fund Operating Expenses </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">(expenses that you pay each year as a percentage of the value of your investment) </div> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;I</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;K</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Management Fee<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Distribution and/or Shareholder Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.250</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>3</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.430</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.430</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.230</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Acquired Fund Fees and Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.010</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.010</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.010</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.715</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.465</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.265</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Less Fee Waivers and/or Expense Reimbursements<sup>4,5</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.240</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.240</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.240</td> <td valign="bottom">)%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.475</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.225</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> </table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>1</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class&nbsp;A shares made within 18&nbsp;months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or&nbsp;more. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Management Fees have been restated to reflect current fees. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Other Expenses have been restated to reflect current fees for Class&nbsp;A and Class&nbsp;I shares. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>4</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">The Fund&#8217;s investment adviser, SSGA Funds Management, Inc. (the &#8220;Adviser&#8221; or &#8220;SSGA FM&#8221;), is contractually obligated until April&nbsp;30, 2020, separately with respect to both the Fund and the Portfolio (i)&nbsp;to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii)&nbsp;to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April&nbsp;30, 2020 except with approval of the Fund/Portfolio&#8217;s Board of Trustees. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>5</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio&#8217;s investments in To Be Announced (&#8220;TBA&#8221;) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund&#8217;s Board of Trustees. </div></td></tr></table> <div style="margin-top:18pt; margin-bottom:0pt; "><b>Example </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April&nbsp;30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </div> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>1<br/>year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>3<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>5<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>10<br/>years</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;A</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">422</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">572</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">735</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,208</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;I</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">23</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">125</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">236</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">562</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;K</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">61</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">125</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">313</td> <td valign="bottom">&nbsp;</td></tr> </table> <div style="margin-top:18pt; margin-bottom:0pt; "> </div> <div style="margin-top:0pt; margin-bottom:0pt; "><b>STATE STREET SMALL/MID CAP EQUITY INDEX FUND </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">The sub-sections within the Fund Summary entitled &#8220;<b>Annual Fund Operating Expenses</b>&#8221; on page 22 of the Prospectus and &#8220;<b>Example</b>&#8221; on page 23 of the Prospectus are each deleted in their entirety and replaced in each instance with the following: </div> <div style="margin-top:18pt; margin-bottom:0pt; "><b>Annual Fund Operating Expenses </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">(expenses that you pay each year as a percentage of the value of your investment) </div> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;I</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;K</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Management Fee</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.030</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.030</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.030</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Distribution and/or Shareholder Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.250</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.150</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.150</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.950</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.430</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.180</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.980</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Less Fee Waivers and/or Expense Reimbursements<sup>3</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.935</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.935</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.935</td> <td valign="bottom">)%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.495</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.245</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.045</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px; "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> </table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>1</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class&nbsp;A shares made within 18&nbsp;months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or&nbsp;more. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Other Expenses have been restated to reflect current fees for Class&nbsp;A and Class&nbsp;I shares. </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">The Fund&#8217;s investment adviser, SSGA Funds Management, Inc. (the &#8220;Adviser&#8221; or &#8220;SSGA FM&#8221;), is contractually obligated until April&nbsp;30, 2020, separately with respect to both the Fund and the Portfolio (i)&nbsp;to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii)&nbsp;to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April&nbsp;30, 2020 except with approval of the Fund/Portfolio&#8217;s Board of Trustees. </div></td></tr></table> <div style="margin-top:18pt; margin-bottom:0pt; "><b>Example </b></div> <div style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April&nbsp;30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </div> <div style="margin-top:0pt;margin-bottom:0pt">&nbsp;</div> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>1<br/>year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>3<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>5<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>10<br/>years</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;A</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">573</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">866</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,181</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,072</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;I</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">25</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">282</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">559</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,348</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;K</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">5</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">219</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">450</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,116</td> <td valign="bottom">&nbsp;</td></tr> </table> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>State Street Institutional Investment Trust </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">(the &#8220;Trust&#8221;) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>State Street Equity 500 Index Fund </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A (SSSVX) Class&nbsp;I (SSSWX) Class&nbsp;K (SSSYX) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center">(each a &#8220;Fund&#8221;, collectively the &#8220;Funds&#8221;) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>SUPPLEMENT DATED SEPTEMBER&nbsp;21, 2018 TO THE PROSPECTUS AND </b></p><p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>STATEMENT OF ADDITIONAL INFORMATION (&#8220;SAI&#8221;) EACH DATED APRIL&nbsp;30, 2018 </b></p> <p style="margin-top:12pt; margin-bottom:0pt; "><b>Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows: </b></p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>STATE STREET EQUITY 500 INDEX FUND </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">The sub-sections within the Fund Summary entitled &#8220;<b>Annual Fund Operating Expenses</b>&#8221; on page 1 of the Prospectus and &#8220;<b>Example</b>&#8221; on page 2 of the Prospectus are each deleted in their entirety and replaced in each instance with the following: </p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>Annual Fund Operating Expenses </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">(expenses that you pay each year as a percentage of the value of your investment) </p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;I</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;K</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Management Fee</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Distribution and/or Shareholder Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.00</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.00</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.29</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.29</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.09</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.56</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.31</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.11</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Less Fee Waivers and/or Expense Reimbursements<sup>3</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.09</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.09</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.09</td> <td valign="bottom">)%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.47</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.22</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.02</td> <td valign="bottom">%&nbsp;</td></tr> <tr style=" "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>1</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class&nbsp;A shares made within 18&nbsp;months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or&nbsp;more. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Other Expenses have been restated to reflect current fees for Class&nbsp;A and Class&nbsp;I shares. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">The Fund&#8217;s investment adviser, SSGA Funds Management, Inc. (the &#8220;Adviser&#8221; or &#8220;SSGA FM&#8221;), is contractually obligated until April&nbsp;30, 2020, separately with respect to both the Fund and the Portfolio, (i)&nbsp;to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii)&nbsp;to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April&nbsp;30, 2020 except with approval of the Fund/Portfolio&#8217;s Board of Trustees. </div></td></tr></table> <p style="margin-top:18pt; margin-bottom:0pt; "><b>Example </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April&nbsp;30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>1<br/>year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>3<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>5<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>10<br/>years</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;A</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">571</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">686</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">813</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,181</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;I</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">23</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">91</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">165</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">384</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;K</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">26</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">53</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">132</td> <td valign="bottom">&nbsp;</td></tr> </table> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>State Street Institutional Investment Trust </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">(the &#8220;Trust&#8221;) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>State Street Aggregate Bond Index Fund </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A (SSFCX) Class&nbsp;I (SSFDX) Class&nbsp;K (SSFEX) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center">(each a &#8220;Fund&#8221;, collectively the &#8220;Funds&#8221;) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>SUPPLEMENT DATED SEPTEMBER&nbsp;21, 2018 TO THE PROSPECTUS AND </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>STATEMENT OF ADDITIONAL INFORMATION (&#8220;SAI&#8221;) EACH DATED APRIL&nbsp;30, 2018 </b></p> <p style="margin-top:12pt; margin-bottom:0pt; "><b>Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows: </b></p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>STATE STREET AGGREGATE BOND INDEX FUND </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">The sub-sections within the Fund Summary entitled &#8220;<b>Annual Fund Operating Expenses</b>&#8221; on page 7 of the Prospectus and &#8220;<b>Example</b>&#8221; on pages 7-8 of the Prospectus are each deleted in their entirety and replaced in each instance with the following: </p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>Annual Fund Operating Expenses </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">(expenses that you pay each year as a percentage of the value of your investment) </p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;I</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;K</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Management Fee<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Distribution and/or Shareholder Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.250</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>3</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.430</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.430</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.230</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Acquired Fund Fees and Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.010</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.010</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.010</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.715</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.465</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.265</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Less Fee Waivers and/or Expense Reimbursements<sup>4,5</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.240</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.240</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.240</td> <td valign="bottom">)%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.475</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.225</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.025</td> <td valign="bottom">%&nbsp;</td></tr> <tr style=" "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>1</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class&nbsp;A shares made within 18&nbsp;months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or&nbsp;more. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Management Fees have been restated to reflect current fees. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Other Expenses have been restated to reflect current fees for Class&nbsp;A and Class&nbsp;I shares. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>4</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">The Fund&#8217;s investment adviser, SSGA Funds Management, Inc. (the &#8220;Adviser&#8221; or &#8220;SSGA FM&#8221;), is contractually obligated until April&nbsp;30, 2020, separately with respect to both the Fund and the Portfolio (i)&nbsp;to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii)&nbsp;to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April&nbsp;30, 2020 except with approval of the Fund/Portfolio&#8217;s Board of Trustees. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>5</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio&#8217;s investments in To Be Announced (&#8220;TBA&#8221;) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund&#8217;s Board of Trustees. </div></td></tr></table> <p style="margin-top:18pt; margin-bottom:0pt; "><b>Example </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April&nbsp;30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>1<br/>year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>3<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>5<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>10<br/>years</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;A</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">422</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">572</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">735</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,208</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;I</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">23</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">125</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">236</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">562</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;K</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">61</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">125</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">313</td> <td valign="bottom">&nbsp;</td></tr> </table> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>State Street Institutional Investment Trust </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">(the &#8220;Trust&#8221;) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>State Street Small/Mid Cap Equity Index Fund </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A (SSMJX) Class&nbsp;I (SSMLX) Class&nbsp;K (SSMKX) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center">(each a &#8220;Fund&#8221;, collectively the &#8220;Funds&#8221;) </p> <p style="margin-top:12pt; margin-bottom:0pt; " align="center"><b>SUPPLEMENT DATED SEPTEMBER&nbsp;21, 2018 TO THE PROSPECTUS AND </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>STATEMENT OF ADDITIONAL INFORMATION (&#8220;SAI&#8221;) EACH DATED APRIL&nbsp;30, 2018 </b></p><p style="page-break-before:always"> </p> <p style="margin-top:12pt; margin-bottom:0pt; "><b>Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows: </b></p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>STATE STREET SMALL/MID CAP EQUITY INDEX FUND </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">The sub-sections within the Fund Summary entitled &#8220;<b>Annual Fund Operating Expenses</b>&#8221; on page 22 of the Prospectus and &#8220;<b>Example</b>&#8221; on page 23 of the Prospectus are each deleted in their entirety and replaced in each instance with the following: </p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>Annual Fund Operating Expenses </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">(expenses that you pay each year as a percentage of the value of your investment) </p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;I</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>Class&nbsp;K</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Management Fee</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.030</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.030</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.030</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Distribution and/or Shareholder Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.250</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.000</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.150</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.150</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.950</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.430</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.180</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.980</td> <td valign="bottom">%&nbsp;</td></tr> <tr style="font-size:1px "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Less Fee Waivers and/or Expense Reimbursements<sup>3</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.935</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.935</td> <td valign="bottom">)%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.935</td> <td valign="bottom">)%&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.495</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.245</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.045</td> <td valign="bottom">%&nbsp;</td></tr> <tr style=" "> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td valign="bottom"> <div style=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</div></td> <td>&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>1</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class&nbsp;A shares made within 18&nbsp;months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or&nbsp;more. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">Other Expenses have been restated to reflect current fees for Class&nbsp;A and Class&nbsp;I shares. </div></td></tr></table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%">&nbsp;</td> <td width="4%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; " align="left">The Fund&#8217;s investment adviser, SSGA Funds Management, Inc. (the &#8220;Adviser&#8221; or &#8220;SSGA FM&#8221;), is contractually obligated until April&nbsp;30, 2020, separately with respect to both the Fund and the Portfolio (i)&nbsp;to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii)&nbsp;to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April&nbsp;30, 2020 except with approval of the Fund/Portfolio&#8217;s Board of Trustees. </div></td></tr></table> <p style="margin-top:18pt; margin-bottom:0pt; "><b>Example </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April&nbsp;30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; "> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>1<br/>year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>3<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>5<br/>years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1.00pt solid #000000"><b>10<br/>years</b></td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;A</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">573</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">866</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,181</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,072</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;I</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">25</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">282</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">559</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,348</td> <td valign="bottom">&nbsp;</td></tr> <tr style="page-break-inside:avoid ; "> <td valign="top"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; ">Class&nbsp;K</div></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">5</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">219</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">450</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,116</td> <td valign="bottom">&nbsp;</td></tr> </table> <b>Annual Fund Operating Expenses</b><br/><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Annual Fund Operating Expenses</b><br/><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Annual Fund Operating Expenses</b><br/><br/>(expenses that you pay each year as a percentage of the value of your investment) A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more. A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more. A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more. April 30, 2020 April 30, 2020 April 30, 2020 Other Expenses have been restated to reflect current fees for Class A and Class I shares. Management Fees have been restated to reflect current fees.<br/><br/>Other Expenses have been restated to reflect current fees for Class A and Class I shares. Other Expenses have been restated to reflect current fees for Class A and Class I shares. <b>Example</b> <b>Example</b> <b>Example</b> This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. The Example takes into account the effect of the Fund&#8217;s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.0002 0.0002 0.0002 0.00025 0.00025 0.00025 0.0003 0.0003 0.0003 0.0025 0 0 0.0025 0 0 0.0025 0 0 0.0029 0.0029 0.0009 0.0043 0.0043 0.0023 0.0115 0.0115 0.0095 0.0056 0.0031 0.0011 0.0001 0.0001 0.0001 0.0143 0.0118 0.0098 0.00715 0.00465 0.00265 -0.0009 -0.0009 -0.0009 -0.0024 -0.0024 -0.0024 -0.00935 -0.00935 -0.00935 0.0047 0.0022 0.0002 0.00475 0.00225 0.00025 0.00495 0.00245 0.00045 571 23 2 422 23 3 573 25 5 686 91 26 572 125 61 866 282 219 813 165 53 735 236 125 1181 559 450 1116 1348 2072 313 562 1208 132 384 1181 Other Expenses have been restated to reflect current fees for Class A and Class I shares. The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees. Management Fees have been restated to reflect current fees. The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees. SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio’s investments in To Be Announced (“TBA”) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund’s Board of Trustees. The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees. 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Apr. 30, 2018
State Street Institutional Investment Trust
(the “Trust”)
State Street Equity 500 Index Fund
Class A (SSSVX) Class I (SSSWX) Class K (SSSYX)
State Street Aggregate Bond Index Fund
Class A (SSFCX) Class I (SSFDX) Class K (SSFEX)
State Street Small/Mid Cap Equity Index Fund
Class A (SSMJX) Class I (SSMLX) Class K (SSMKX)
(each a “Fund”, collectively the “Funds”)
SUPPLEMENT DATED SEPTEMBER 21, 2018 TO THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION (“SAI”) EACH DATED APRIL 30, 2018
Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows:
STATE STREET EQUITY 500 INDEX FUND
The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 1 of the Prospectus and “Example” on page 2 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A     Class I     Class K  
Management Fee
    0.02     0.02     0.02
Distribution and/or Shareholder Service (12b-1) Fees
    0.25     0.00     0.00
Other Expenses2
    0.29     0.29     0.09
Total Annual Fund Operating Expenses
    0.56     0.31     0.11
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements3
    (0.09 )%      (0.09 )%      (0.09 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.47     0.22     0.02
 
 
 
   
 
 
   
 
 
 
 
  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
 
  2 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.
 
  3 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 571      $ 686      $ 813      $ 1,181  
Class I
   $ 23      $ 91      $ 165      $ 384  
Class K
   $ 2      $ 26      $ 53      $ 132  
STATE STREET AGGREGATE BOND INDEX FUND
The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 7 of the Prospectus and “Example” on pages 7-8 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A     Class I     Class K  
Management Fee2
    0.025     0.025     0.025
Distribution and/or Shareholder Service (12b-1) Fees
    0.250     0.000     0.000
Other Expenses3
    0.430     0.430     0.230
Acquired Fund Fees and Expenses
    0.010     0.010     0.010
 
 
 
   
 
 
   
 
 
 
Total Annual Fund Operating Expenses
    0.715     0.465     0.265
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements4,5
    (0.240 )%      (0.240 )%      (0.240 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.475     0.225     0.025
 
 
 
   
 
 
   
 
 
 
 
  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
 
  2 
Management Fees have been restated to reflect current fees.
 
  3 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.
 
  4 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
 
  5 
SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio’s investments in To Be Announced (“TBA”) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 422      $ 572      $ 735      $ 1,208  
Class I
   $ 23      $ 125      $ 236      $ 562  
Class K
   $ 3      $ 61      $ 125      $ 313  
STATE STREET SMALL/MID CAP EQUITY INDEX FUND
The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 22 of the Prospectus and “Example” on page 23 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A     Class I     Class K  
Management Fee
    0.030     0.030     0.030
Distribution and/or Shareholder Service (12b-1) Fees
    0.250     0.000     0.000
Other Expenses2
    1.150     1.150     0.950
Total Annual Fund Operating Expenses
    1.430     1.180     0.980
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements3
    (0.935 )%      (0.935 )%      (0.935 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.495     0.245     0.045
 
 
 
   
 
 
   
 
 
 
 
  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
 
  2 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.
 
  3 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 573      $ 866      $ 1,181      $ 2,072  
Class I
   $ 25      $ 282      $ 559      $ 1,348  
Class K
   $ 5      $ 219      $ 450      $ 1,116  
XML 11 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName STATE STREET INSTITUTIONAL INVESTMENT TRUST
Prospectus Date rr_ProspectusDate Apr. 30, 2018
Supplement [Text Block] ssiit_SupplementTextBlock
State Street Institutional Investment Trust
(the “Trust”)
State Street Equity 500 Index Fund
Class A (SSSVX) Class I (SSSWX) Class K (SSSYX)
State Street Aggregate Bond Index Fund
Class A (SSFCX) Class I (SSFDX) Class K (SSFEX)
State Street Small/Mid Cap Equity Index Fund
Class A (SSMJX) Class I (SSMLX) Class K (SSMKX)
(each a “Fund”, collectively the “Funds”)
SUPPLEMENT DATED SEPTEMBER 21, 2018 TO THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION (“SAI”) EACH DATED APRIL 30, 2018
Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows:
STATE STREET EQUITY 500 INDEX FUND
The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 1 of the Prospectus and “Example” on page 2 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A     Class I     Class K  
Management Fee
    0.02     0.02     0.02
Distribution and/or Shareholder Service (12b-1) Fees
    0.25     0.00     0.00
Other Expenses2
    0.29     0.29     0.09
Total Annual Fund Operating Expenses
    0.56     0.31     0.11
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements3
    (0.09 )%      (0.09 )%      (0.09 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.47     0.22     0.02
 
 
 
   
 
 
   
 
 
 
 
  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
 
  2 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.
 
  3 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 571      $ 686      $ 813      $ 1,181  
Class I
   $ 23      $ 91      $ 165      $ 384  
Class K
   $ 2      $ 26      $ 53      $ 132  
STATE STREET AGGREGATE BOND INDEX FUND
The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 7 of the Prospectus and “Example” on pages 7-8 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A     Class I     Class K  
Management Fee2
    0.025     0.025     0.025
Distribution and/or Shareholder Service (12b-1) Fees
    0.250     0.000     0.000
Other Expenses3
    0.430     0.430     0.230
Acquired Fund Fees and Expenses
    0.010     0.010     0.010
 
 
 
   
 
 
   
 
 
 
Total Annual Fund Operating Expenses
    0.715     0.465     0.265
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements4,5
    (0.240 )%      (0.240 )%      (0.240 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.475     0.225     0.025
 
 
 
   
 
 
   
 
 
 
 
  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
 
  2 
Management Fees have been restated to reflect current fees.
 
  3 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.
 
  4 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
 
  5 
SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio’s investments in To Be Announced (“TBA”) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 422      $ 572      $ 735      $ 1,208  
Class I
   $ 23      $ 125      $ 236      $ 562  
Class K
   $ 3      $ 61      $ 125      $ 313  
STATE STREET SMALL/MID CAP EQUITY INDEX FUND
The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 22 of the Prospectus and “Example” on page 23 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A     Class I     Class K  
Management Fee
    0.030     0.030     0.030
Distribution and/or Shareholder Service (12b-1) Fees
    0.250     0.000     0.000
Other Expenses2
    1.150     1.150     0.950
Total Annual Fund Operating Expenses
    1.430     1.180     0.980
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements3
    (0.935 )%      (0.935 )%      (0.935 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.495     0.245     0.045
 
 
 
   
 
 
   
 
 
 
 
  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
 
  2 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.
 
  3 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 573      $ 866      $ 1,181      $ 2,072  
Class I
   $ 25      $ 282      $ 559      $ 1,348  
Class K
   $ 5      $ 219      $ 450      $ 1,116  
State Street Equity 500 Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ssiit_SupplementTextBlock

State Street Institutional Investment Trust

(the “Trust”)

State Street Equity 500 Index Fund

Class A (SSSVX) Class I (SSSWX) Class K (SSSYX)

(each a “Fund”, collectively the “Funds”)

SUPPLEMENT DATED SEPTEMBER 21, 2018 TO THE PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION (“SAI”) EACH DATED APRIL 30, 2018

Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows:

STATE STREET EQUITY 500 INDEX FUND

The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 1 of the Prospectus and “Example” on page 2 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

    Class A     Class I     Class K  
Management Fee
    0.02     0.02     0.02
Distribution and/or Shareholder Service (12b-1) Fees
    0.25     0.00     0.00
Other Expenses2
    0.29     0.29     0.09
Total Annual Fund Operating Expenses
    0.56     0.31     0.11
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements3
    (0.09 )%      (0.09 )%      (0.09 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.47     0.22     0.02
 
 
 
   
 
 
   
 
 
 

 

  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.

 

  2 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.

 

  3 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 571      $ 686      $ 813      $ 1,181  
Class I
   $ 23      $ 91      $ 165      $ 384  
Class K
   $ 2      $ 26      $ 53      $ 132  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses</b><br/><br/>(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination April 30, 2020
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Other Expenses have been restated to reflect current fees for Class A and Class I shares.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Example</b>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
State Street Equity 500 Index Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.02%
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.56%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.47%
1 year rr_ExpenseExampleYear01 $ 571
3 years rr_ExpenseExampleYear03 686
5 years rr_ExpenseExampleYear05 813
10 years rr_ExpenseExampleYear10 $ 1,181
State Street Equity 500 Index Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.02%
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.29% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.31%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.22%
1 year rr_ExpenseExampleYear01 $ 23
3 years rr_ExpenseExampleYear03 91
5 years rr_ExpenseExampleYear05 165
10 years rr_ExpenseExampleYear10 $ 384
State Street Equity 500 Index Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.02%
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.11%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.02%
1 year rr_ExpenseExampleYear01 $ 2
3 years rr_ExpenseExampleYear03 26
5 years rr_ExpenseExampleYear05 53
10 years rr_ExpenseExampleYear10 $ 132
State Street Aggregate Bond Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ssiit_SupplementTextBlock

State Street Institutional Investment Trust

(the “Trust”)

State Street Aggregate Bond Index Fund

Class A (SSFCX) Class I (SSFDX) Class K (SSFEX)

(each a “Fund”, collectively the “Funds”)

SUPPLEMENT DATED SEPTEMBER 21, 2018 TO THE PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION (“SAI”) EACH DATED APRIL 30, 2018

Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows:

STATE STREET AGGREGATE BOND INDEX FUND

The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 7 of the Prospectus and “Example” on pages 7-8 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

    Class A     Class I     Class K  
Management Fee2
    0.025     0.025     0.025
Distribution and/or Shareholder Service (12b-1) Fees
    0.250     0.000     0.000
Other Expenses3
    0.430     0.430     0.230
Acquired Fund Fees and Expenses
    0.010     0.010     0.010
 
 
 
   
 
 
   
 
 
 
Total Annual Fund Operating Expenses
    0.715     0.465     0.265
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements4,5
    (0.240 )%      (0.240 )%      (0.240 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.475     0.225     0.025
 
 
 
   
 
 
   
 
 
 

 

  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.

 

  2 
Management Fees have been restated to reflect current fees.

 

  3 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.

 

  4 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.

 

  5 
SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio’s investments in To Be Announced (“TBA”) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund’s Board of Trustees.

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 422      $ 572      $ 735      $ 1,208  
Class I
   $ 23      $ 125      $ 236      $ 562  
Class K
   $ 3      $ 61      $ 125      $ 313  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses</b><br/><br/>(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination April 30, 2020
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Management Fees have been restated to reflect current fees.<br/><br/>Other Expenses have been restated to reflect current fees for Class A and Class I shares.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Example</b>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
State Street Aggregate Bond Index Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.025% [3]
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.43% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.715%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.24%) [4],[5]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.475%
1 year rr_ExpenseExampleYear01 $ 422
3 years rr_ExpenseExampleYear03 572
5 years rr_ExpenseExampleYear05 735
10 years rr_ExpenseExampleYear10 $ 1,208
State Street Aggregate Bond Index Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.025% [3]
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.43% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.465%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.24%) [4],[5]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.225%
1 year rr_ExpenseExampleYear01 $ 23
3 years rr_ExpenseExampleYear03 125
5 years rr_ExpenseExampleYear05 236
10 years rr_ExpenseExampleYear10 $ 562
State Street Aggregate Bond Index Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.025% [3]
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.23% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.265%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.24%) [4],[5]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.025%
1 year rr_ExpenseExampleYear01 $ 3
3 years rr_ExpenseExampleYear03 61
5 years rr_ExpenseExampleYear05 125
10 years rr_ExpenseExampleYear10 $ 313
STATE STREET SMALL/MID CAP EQUITY INDEX FUND  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ssiit_SupplementTextBlock

State Street Institutional Investment Trust

(the “Trust”)

State Street Small/Mid Cap Equity Index Fund

Class A (SSMJX) Class I (SSMLX) Class K (SSMKX)

(each a “Fund”, collectively the “Funds”)

SUPPLEMENT DATED SEPTEMBER 21, 2018 TO THE PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION (“SAI”) EACH DATED APRIL 30, 2018

Effective immediately, the Management Fee for the State Street Aggregate Bond Index Fund will be reduced and the contractual operating expense waivers for each Fund will change to lower the Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements borne by each Fund. Accordingly, effective immediately, the Prospectus is revised as follows:

STATE STREET SMALL/MID CAP EQUITY INDEX FUND

The sub-sections within the Fund Summary entitled “Annual Fund Operating Expenses” on page 22 of the Prospectus and “Example” on page 23 of the Prospectus are each deleted in their entirety and replaced in each instance with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

    Class A     Class I     Class K  
Management Fee
    0.030     0.030     0.030
Distribution and/or Shareholder Service (12b-1) Fees
    0.250     0.000     0.000
Other Expenses2
    1.150     1.150     0.950
Total Annual Fund Operating Expenses
    1.430     1.180     0.980
 
 
 
   
 
 
   
 
 
 
Less Fee Waivers and/or Expense Reimbursements3
    (0.935 )%      (0.935 )%      (0.935 )% 
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
    0.495     0.245     0.045
 
 
 
   
 
 
   
 
 
 

 

  1 
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.

 

  2 
Other Expenses have been restated to reflect current fees for Class A and Class I shares.

 

  3 
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     1
year
     3
years
     5
years
     10
years
 
Class A
   $ 573      $ 866      $ 1,181      $ 2,072  
Class I
   $ 25      $ 282      $ 559      $ 1,348  
Class K
   $ 5      $ 219      $ 450      $ 1,116  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses</b><br/><br/>(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination April 30, 2020
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1,000,000 or more.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Other Expenses have been restated to reflect current fees for Class A and Class I shares.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Example</b>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example takes into account the effect of the Fund’s contractual fee waiver and/or reimbursement through April 30, 2020. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
STATE STREET SMALL/MID CAP EQUITY INDEX FUND | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.03%
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.15% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.43%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.935%) [6]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.495%
1 year rr_ExpenseExampleYear01 $ 573
3 years rr_ExpenseExampleYear03 866
5 years rr_ExpenseExampleYear05 1,181
10 years rr_ExpenseExampleYear10 $ 2,072
STATE STREET SMALL/MID CAP EQUITY INDEX FUND | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.03%
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.15% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.18%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.935%) [6]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.245%
1 year rr_ExpenseExampleYear01 $ 25
3 years rr_ExpenseExampleYear03 282
5 years rr_ExpenseExampleYear05 559
10 years rr_ExpenseExampleYear10 $ 1,348
STATE STREET SMALL/MID CAP EQUITY INDEX FUND | Class K  
Risk/Return: rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.03%
Distribution and/or Shareholder Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.95% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.98%
Less Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.935%) [6]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.045%
1 year rr_ExpenseExampleYear01 $ 5
3 years rr_ExpenseExampleYear03 219
5 years rr_ExpenseExampleYear05 450
10 years rr_ExpenseExampleYear10 $ 1,116
[1] Other Expenses have been restated to reflect current fees for Class A and Class I shares.
[2] The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.02% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
[3] Management Fees have been restated to reflect current fees.
[4] SSGA FM is contractually obligated to waive up to the portion of the management fee and/or expenses attributable to acquired fund fees and expenses in connection with the Portfolio’s investments in To Be Announced (“TBA”) securities. This fee waiver and/or expense reimbursement may only be terminated with approval of the Fund’s Board of Trustees.
[5] The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.025% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
[6] The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2020, separately with respect to both the Fund and the Portfolio (i) to waive up to the full amount of the advisory fee payable by the Fund/Portfolio, and/or (ii) to reimburse the Fund/Portfolio for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.045% with respect to the fund, and .03% with respect to the Portfolio, of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund/Portfolio’s Board of Trustees.
XML 12 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName STATE STREET INSTITUTIONAL INVESTMENT TRUST
Prospectus Date rr_ProspectusDate Apr. 30, 2018
Document Creation Date dei_DocumentCreationDate Sep. 24, 2018
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