State Street Income V.I.S. Fund - Class 1

Fixed Income 30 June 2021

Fund Objective Total Return The State Street Income V.I.S. Fund (the "Fund") seeks to provide the Bloomberg Barclays maximum income consistent with prudent investment management and U.S. Aggregate the preservation of capital. Cumulative Fund at NAV Bond Index Process QTD 1.90% 1.83% The Fund seeks to achieve its investment objective by investing at least YTD -1.36 -1.60 80% of its net assets (plus any borrowings for investment purposes) under Annualized normal circumstances in debt securities. 1 Year 0.86 -0.33 The Fund invests primarily in a variety of investment-grade debt securities, 3 Year 5.06 5.34 such as mortgage-backed securities, corporate bonds, U.S. Government 5 Year 2.74 3.03 securities and money market instruments. The Fund normally has a 10 Year 3.16 3.39 weighted average effective maturity of approximately five to ten years, but is subject to no limitation with respect to the maturities of the instruments in which it may invest. U.S. Government securities are securities that are issued or guaranteed as Gross Expense Ratio 1.07% to principal and interest by the U.S. Government or one of its agencies or Net Expense Ratio 1.06% instrumentalities. Some U.S. Government securities are backed by the full 30 Day SEC Yield 1.31% faith and credit of the U.S. Government, such as U.S. Treasury bills and 30 Day SEC Yield (Unsubsidized) 1.31% notes and obligations of the Government National Mortgage Association Maximum Sales Charge - ("Ginnie Mae"). Other U.S. Government securities are neither issued by nor guaranteed by the full faith and credit of the U.S. Government, including Performance data quoted represents past performance. Past performance those issued by the Federal National Mortgage Association ("Fannie Mae") does not guarantee future results. Investment return and value of shares and the Federal Home Loan Mortgage Corporation ("Freddie Mac"). Fannie will fluctuate. Upon redemption, shares may be worth more or less than Mae and Freddie Mac have been operating under a conservatorship the original cost. The current performance may be higher or lower than the since 2008, with the Federal Housing Finance Agency acting as their quoted performance. Call 1-800-242-0134 or visit us online at www.ssga. conservator, and receive certain financing support from and have access com for the most recent month-end performance results. Performance of an to certain borrowing arrangements with the U.S. Treasury. index is not illustrative of any particular investment. It is not possible to The portfolio managers seek to identify debt securities with characteristics invest directly in an index. such as: • attractive yields and prices Performance vs Benchmark • the potential for capital appreciation • reasonable credit quality 7% The portfolio managers may consider selling a security when one of these 6% characteristics no longer applies, or when valuation becomes excessive 5.34 5.06 and more attractive alternatives are identified. 5% The Fund also may invest up to 20% of its net assets in high yield 4% 3.39 3.16 securities (also known as "junk bonds") and, to a lesser extent, in asset- 3.03 backed securities, foreign (non-U.S.) and emerging market debt securities 3% 2.74 1.90 and equity securities. 2% 1.83

The portfolio managers may also use various types of derivative 1% 0.86 instruments (primarily futures contracts and interest rate and credit default swaps) to manage yield, interest rate exposure (also known as duration) 0% and exposure to credit quality, and to gain or hedge exposure to certain -1% securities, indices or market segments. -0.33 -2% -1.36 The Fund may engage in active and frequent trading of its portfolio -1.60 securities. -3% QTD YTD 1 3 5 10 Year Year Year Year Key Features • Team based decision making by experienced investment professionals State Street Income V.I.S. Fund - Class 1 Bloomberg Barclays U.S. Aggregate Bond Index

Definitions:NAV is market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged, market value weighted index of investment - grade debt issues, including government, corporate, asset-backed and mortgage-backed securities, with maturities of more than 1 year. It is not possible to invest directly in an index. The returns of each index do not reflect the actual cost of investing in the instruments that comprise it. State Street Income V.I.S. Fund - Class 1 30 June 2021 State Street Global Advisors

Characteristics Key Facts Effective Average Maturity 9.11 Inception Date: January 03, 1995 Number of Holdings 1,075 Net Asset Value $12.31 Portfolio Duration 6.67 Total Net Assets (000) $16,125 Ticker Symbol SSIMX CUSIP 85751Q880 Top 10 Holdings Primary Benchmark Bloomberg Barclays U.S. Aggregate Bond Index UNITED STATES TREASURY 25.01% Investment Manager SSGA Funds Management, Inc. FEDERAL NATIONAL MORTGAGE ASSOCIATION 10.05 Distributor State Street Global Advisors Funds Distributors, GOVERNMENT NATIONAL MORTGAGE ASSOCIA- 5.19 LLC TION II

UNIFORM MBS 3.78 FEDERAL HOME LOAN MORTGAGE CORPORA- 2.12 TION - GOLD FEDERAL HOME LOAN MORTGAGE CORPORA- 1.88 TION BANK BANK_17-BNK7 1.06 BANK OF AMERICA CORP 0.81 GOVERNMENT NATIONAL MORTGAGE ASSOCIA- 0.81 TION I CITIGROUP INC 0.81

Sector Weights MBS Passthrough 33.86% Treasuries 25.12 Industrial 21.34 Financial Institutions 9.48 Utility 3.25 ABS 1.45 OTHER 5.49

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 that the value of equity securities may decline. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. While stocks have historically outperformed other asset classes over the long term, they tend to fluctuate over the short term as a result of factors affecting the individual companies, industries or the securities market as a whole. These and other risk considerations are discussed in the 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: 2035226.2.12.AM.RTL Expiration Date: 10/31/2021 20210716/23:46 SSIMX