State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, today announced that the median return of its universe of total plans rose 3.4% in the first quarter of 2010, in line with the 3.1% gain in the fourth quarter of 2009. For the year ended March 31, 2010, the universe earned 30.0%. The State Street Universe (SSU) consists of a diverse range of funds custodied at State Street and funds provided by the Independent Consultants Cooperative (ICC). It includes the total plans of a wide range of plan sponsors and the individual funds that comprise each plan. The approximately 20,000 portfolios in the State Street Universe constitute a combined asset value exceeding $2 trillion.

Master trust funds of less than $1 billion returned 30.8%, slightly higher than larger master trust funds, which returned 29%. Corporate Plans were up 32.6%, with the highest returns for the year ending March 31, 2010 while Taft Hartley and Public Funds gained only 30.3% and 30.4%, respectively. For the quarter, plan results all fell within a narrow range.

US Equity Funds rose 6.1% in the first quarter, leading other types of funds. For the year ending March 31, 2010, International Emerging Market Equity funds rebounded sharply, rising 82.0% after plummeting 48.4% in the prior year. Other types of equity funds also showed strong performance: International Developed Market Equity Funds rose 54.7%, Global Equity Funds rose 54.0% and US Equity Funds rose 53.6%. Fixed Income Funds also did well over the last 12 months, with Global Fixed Income Funds up 20.8% and US Fixed Income Funds gaining 14.1%.

Final results for Private Equity and Real Estate Funds were reported with Real Estate Funds losing 28.6% and Private Equity Funds losing 5.7% as of December 31, 2009. For the fourth quarter 2009, Private Equity funds earned 2.6% while Real Estate Funds lost 2.4%.

State Street’s Investment Analytics team offers services through global locations including Alameda, Amsterdam, Boston, Dublin, Edinburgh, Frankfurt, London, Luxembourg, New York, Paris, Sydney, Toronto and Zurich. It calculates performance for over 1100 clients globally on asset volumes exceeding $6.5 trillion.

The Independent Consultants Cooperative is a consortium of independent investment consulting firms that deliver superior value-added products to their clients. The ICC is currently comprised of thirteen well-established firms located across the country that collectively consult to 10% of the industry’s institutional assets. In order to avoid conflicts of interest, none of the ICC member firms offers investment management services. Rather, the ICC focuses solely on the continuous refinement of investment consulting products, systems and diagnostic databases for the collective benefit of their clientele. For more information about the Independent Consultants Cooperative and its member firms, visit the web site at www.icc-group.com

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management, and investment research and trading. With $19 trillion in assets under custody and administration and $1.9 trillion in assets under management at March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street at www.statestreet.com.

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