State Street S&P 500 V.I.S. Fund - Class 1

Equity 30 June 2021

Fund Objective Performance The State Street S&P 500 Index V.I.S. Fund (the "Fund") seeks to provide Cumulative Fund at NAV S&P 500 growth of capital and accumulation of income that corresponds to the investment return of the S&P 500® Index. QTD 8.45% 8.55% YTD 15.09 15.25 Process Annualized ® The Fund seeks to replicate the return of the S&P 500 Index while 1 Year 40.42 40.79 holding transaction costs low and minimizing portfolio turnover. 3 Year 18.25 18.67 The Fund is not managed according to traditional methods of "active" 5 Year 17.26 17.65 , which involve the buying and selling of securities based upon economic, financial and market analysis and investment 10 Year 14.46 14.84 judgment. Instead, the Fund utilizes a "passive" or "indexing" investment approach, seeking to replicate the investment performance that, before expenses, corresponds generally to the total return of the S&P 500® Index. Gross Expense Ratio 0.31% To the extent that the Fund is unable to purchase all comprising Net Expense Ratio 0.31% ® the S&P 500 Index, the Fund will purchase a representative sample of Maximum Sales Charge - the stocks listed in the S&P 500® Index in proportion to their weightings.

However, in some cases, the Fund's weightings in particular industry segments represented in the S&P 500® Index may differ from those of the Performance data quoted represents past performance. Past performance S&P 500® Index. does not guarantee future results. Investment return and value of shares will fluctuate. Upon redemption, shares may be worth more or less than The Fund also may invest to a lesser extent in securities that are not in the original cost. The current performance may be higher or lower than the ® the S&P 500 Index. All securities held by the Fund are acquired to seek quoted performance. Call 1-800-242-0134 or visit us online at www.ssga. to fulfill its investment objectives. The portfolio managers may also use com for the most recent month-end performance results. Performance of an various types of derivative instruments (primarily futures contracts) to gain index is not illustrative of any particular investment. It is not possible to exposure to certain types of securities as an alternative to investing directly invest directly in an index. in or selling securities comprising the S&P 500® Index. The Fund will not adopt a temporary defensive strategy in times of declining prices and Performance vs Benchmark therefore you will bear the risk of such declines.

Key Features 50% • Team based decision making by experienced investment professionals 40.79 40% 40.42

30% 18.67 20% 18.25 17.65 17.26 15.25 15.09 14.84 14.46 8.55 10% 8.45

0% QTD YTD 1 3 5 10 Year Year Year Year

State Street S&P 500 Index V.I.S. Fund - Class 1 S&P 500

Definitions:Weighted average market cap ($M) is a index weighted by the of each stock in the index. In such a weighting scheme, larger companies account for a greater portion of the index. NAV is market value of a 's or ETFs total assets, minus liabilities, divided by the number of . S&P 500® Index is an unmanaged, market capitalization-weighted index of stocks of 500 large U.S. companies, which is widely used as a measure of large-cap U.S. stock market performance. Standard & Poor's and S&P 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"). cannot invest directly in an index. The returns of the index do not reflect the actual cost of investing in the instruments that comprise it. State Street S&P 500 Index V.I.S. Fund - Class 1 30 June 2021 State Street Global Advisors

Characteristics Key Facts Active Share 2.00% Inception Date: April 15, 1985 Index 1.38% $57.50 Price/Earnings Ratio FY1 20.61 Total Net Assets (000) $200,597 Number of Holdings 502 SSSPX Price/Book Ratio 4.55 CUSIP 85751Q104 Weighted Average Market Cap $M $542,980.00 Primary Benchmark S&P 500 Investment Manager SSGA Funds Management, Inc. Top 10 Holdings Distributor State Street Global Advisors Funds Distributors, LLC APPLE INC 5.86% MICROSOFT 5.57 AMAZON.COM INC 4.02 ALPHABET INC 3.95 FACEBOOK INC 2.27 BERKSHIRE HATHAWAY INC 1.43 TESLA INC 1.42 NVIDIA CORPORATION 1.35 JPMORGAN CHASE & CO 1.28 JOHNSON & JOHNSON 1.18

Sector Weights Information Technology 27.13% Health Care 12.86 Consumer Discretionary 12.12 Financials 11.98 Communication Services 11.01 Industrials 8.51 Consumer Staples 5.79 Energy 2.84 Materials 2.59 Real Estate 2.53 Utilities 2.46 Cash Equivalents & Other 0.14 Accrued Income 0.06

Totals may not equal 100 due to rounding.

The top ten holdings do not include money market instruments and/or futures contracts. Depositary receipts are normally combined with the underlying security. The securities cited may not represent the Fund's current or future holdings and should not be construed as a recommendation to purchase or sell a particular security. The figures presented do not include the Fund's entire investment portfolio and may change at any time. The securities information regarding holdings, allocations and other characteristics are presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund's current or future investments and should not be construed as a recommendation to purchase or sell a particular security. Please visit us online at www.ssga.com for the most recent portfolio holdings information. "Cash Equivalents" includes an investment in the State Street Institutional Government Money Market Fund. "Other" includes accruals. As of 07/01/2016 SSGA Funds Management, Inc. is the investment advisor of the Fund. SSGA Funds Management, Inc. is also the investment advisor of the State Street Institutional Government Money Market Fund. Considering the risks: A principal risk of investing in the Fund is the risk that the value of equity securities may decline. While stocks have historically outperformed other asset classes over the term, they tend to fluctuate over the term as a result of factors affecting the individual companies, industries or the securities market as a whole. The securities of issuers that own, construct, manage or sell residential, commercial or industrial real estate are subject to risks in addition to those of other issuers. Such risks include: changes in real estate values and property taxes, overbuilding, variations in rental income, interest rates and changes in regulatory requirements, such as those relating to the environment. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. These and other risk considerations are discussed in the Fund's prospectus. There is a risk of loss from an investment in securities. The fund is only available through variable annuity and variable life contracts offered by other financial institutions. Shares of the fund are not offered directly to the public. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and expenses associated with the underlying investment options. Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SSGA Funds. Before investing in the Fund, you should carefully consider the Fund's investment objectives, risks, fees and expenses. For a free copy of a prospectus and summary prospectus which contains this and other information, please visit our website at www.ssga.com or call 1-800-242-0134. Please read the Fund prospectus and summary prospectus carefully before investing. Information Classification: General Not FDIC Insured • No Bank Guarantee • May Lose Value Tracking Number: 2035165.2.12.AM.RTL Expiration Date: 10/31/2021 20210716/23:47 SSSPX