EX-99.(D)(7) 4 d770170dex99d7.htm FEE WAIVER AND/OR EXPENSE REIMBURSEMENT ARRANGEMENTS LETTER MONEY MARKET FUNDS Fee Waiver and/or Expense Reimbursement Arrangements Letter Money Market Funds

Mr. Bruce Rosenberg Treasurer

State Street Institutional Investment Trust

c/o SSGA Funds Management, Inc.

1 Iron Street

Boston, Massachusetts 02210

April 30, 2024

 

RE:

State Street Institutional Investment Trust Fee Waiver and/or Expense Reimbursement Arrangements

Dear Mr. Rosenberg:

Section I. Total Annual Fund Operating Expense Arrangements

SSGA Funds Management, Inc. (“SSGA FM”), as adviser to each series (each a “Fund” and collectively, the “Funds”) of the State Street Institutional Investment Trust (the “Trust”), agrees until the date listed in the “Expiration Date” column below (the “Expiration Date”):

(a)(i) to waive up to the full amount of the advisory fee payable by a Fund, and/or (ii) to reimburse a Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, acquired fund fees, any class-specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed the following percentage of average daily net assets on an annual basis with respect to the below-listed Funds:

 

Fund Name

   Expense Limitation     Expiration Date  

State Street Institutional Liquid Reserves Fund

     0.07     April 30, 2025  

State Street Institutional U.S. Government Money Market Fund

     0.07     April 30, 2025  

State Street Institutional Treasury Plus Money Market Fund

     0.07     April 30, 2025  

State Street Institutional Treasury Money Market Fund

     0.07     April 30, 2025  

Each of the above stated fee waiver and/or expense reimbursement arrangements set forth in Section I(a) supersedes any prior fee waiver and/or expense reimbursement arrangement for the applicable Fund and (ii) may only be terminated during the relevant period with the approval of the Funds’ Board of Trustees. SSGA FM and a Fund Officer are authorized to take such actions as they deem necessary and appropriate to continue each of the above stated waivers and/or expense reimbursements for additional periods, including of one or more years, after the applicable Expiration Date.

 

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If the arrangements in Section I of this memorandum are acceptable to you, please sign below to indicate your acceptance and agreement and return a copy of this letter to me.

Sincerely,

SSGA FUNDS MANAGEMENT, INC.

 

/s/ Barry F.X. Smith

By:

Barry F.X. Smith

President

Accepted and Agreed:

STATE STREET INSTITUTIONAL INVESTMENT

TRUST, ON BEHALF OF THE FUNDS NAMED ABOVE

 

/s/ Bruce Rosenberg

By:

Bruce Rosenberg

Treasurer

 

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