April 30, 2026
Mr. Bruce Rosenberg
Treasurer
State Street Navigator Securities Lending Trust
c/o SSGA Funds Management, Inc.
One Congress Street
Boston, Massachusetts 02114
| RE: | State Street Navigator Securities Lending Trust |
Fee Waiver and/or Expense Reimbursement Arrangements
Dear Mr. Rosenberg:
SSGA Funds Management, Inc. (“SSGA FM”), as adviser to each series (each a “Fund” and collectively, the “Funds”) of the State Street Navigator Securities Lending Trust (the “Trust”), agrees until the date listed in the “Expiration Date” column below (the “Expiration Date”):
(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 and/or extraordinary expenses) 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 Navigator Securities Lending |
0.042% | April 30, 2027 | ||
| State Street Navigator Securities Lending |
0.042% | April 30, 2027 | ||
| State Street Navigator Securities Lending |
0.042% | April 30, 2027 |
The above stated fee waiver and/or expense reimbursement arrangement (i) supersedes any prior fee waiver and/or expense reimbursement arrangement the Fund and (ii) may only be terminated during the relevant period with the approval of the Fund’s Board of Trustees. SSGA FM and each Fund Officer are authorized to take such actions as any one of them deems necessary and appropriate to continue the above stated waiver and/or expense reimbursement for additional periods, including of one or more years, after the Expiration Date.
If these arrangements are acceptable to you, please sign below to indicate your acceptance and agreement and return a copy of this letter to me.
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| Sincerely, | ||
| SSGA FUNDS MANAGEMENT, INC. | ||
| By: | /s/ Ann M. Carpenter | |
| Name: | Ann M. Carpenter | |
| Title: | Chief Operating Officer | |
Accepted and Agreed:
STATE STREET NAVIGATOR SECURITIES LENDING TRUST,
ON BEHALF OF ITS SERIES,
STATE STREET NAVIGATOR SECURITIES LENDING GOVERNMENT MONEY
MARKET PORTFOLIO
STATE STREET NAVIGATOR SECURITIES LENDING PORTFOLIO I
STATE STREET NAVIGATOR SECURITIES LENDING PORTFOLIO II
| By: | /s/ Bruce Rosenberg | |
| Name: | Bruce Rosenberg | |
| Title: | Treasurer | |
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