SSgA Emerging Markets Fund - Select Class (SEMSX)

FUND OBJECTIVE

The Fund seeks to provide maximum total return, primarily through capital appreciation, by investing primarily in securities of foreign issuers.

 

Fund Information
As of  05/23/2013
Ticker SymbolSEMSX
Primary BenchmarkMSCI Emerging Market Index - Select Shares
CUSIP784924425
Gross Expense Ratio1.05%
Net Expense Ratio1.05%
Inception Date03/02/2006
Investment ManagerSSgA Funds Management, Inc.
Management TeamActive Emerging Market Equity PM Team
DistributorState Street Global Markets, LLC
Distribution FrequencyAnnually
Fund Characteristics
As of  03/31/2013
Dividend Yield3.64%
Earnings Growth 3 Year9.28%
FY 1 P/E Ratio8.56
Number of Holdings170
Price/Book Ratio1.42
Weighted Average Market Cap$24,450.00 M
30 DAY SEC YIELD
As of  05/22/2013
30 Day SEC Yield1.87%
Fund Performance
Month End
as of04/30/2013 		Quarter End
as of03/31/2013
1 Month 1.13% -2.45%
QTD 1.13% -2.17%
YTD -1.06% -2.17%
1 Year 3.62% 1.71%
3 Year 2.89% 2.83%
5 Year -2.47% -0.99%
10 Year 15.13% 15.99%
Inception03/01/1994 7.60% 7.57%

Performance quoted represents past performance, which is no guarantee of future results.  Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold.  Current performance may be higher or lower than that quoted.

Performance for the Emerging Markets Select Class before its inception (March 2, 2006) is derived from the historical performance of the institutional class.

Fund Net Asset Value  
As of  05/22/2013
1 Day Average Yield (subsidized)0.00%
Percent Change-0.34%
Price$20.64
Price Change-$0.07
Shares Outstanding11.94 M
Total Net Assets$246.58 M

PURCHASE INFORMATION

Distribution and Eligible Investors. Shares of the Select Class are offered without a sales commission by State Street Global Markets, LLC (the Distributor). The Select Class of the SSgA Funds may not be purchased by individuals directly, but must be purchased through a third party financial institution which is permitted by contract with the SSgA Funds or the Distributor to offer shares (the Select Intermediary). Select Intermediaries are advisors, securities brokers, banks and financial institutions or other industry professionals or organizations that have entered into a shareholder servicing agreement with the Distributor with respect to investment of its customer accounts in the Select Class. Information on Select Intermediaries offering the Select Class is available through the Distributor.

Minimum Initial Investment and Account Balance. The Select Class requires a minimum initial investment by or at the direction of the Select Intermediary of $20 million and a minimum continuing balance of $15 million. Holdings of all customer accounts of each Select Intermediary shall be aggregated for purposes of determining these account balances ("Select Intermediary Account"). If the Select Intermediary Account balance has fallen below $15 million as a result of shareholder redemptions, subsequent purchases of shares of the fund may at the discretion of the fund or Distributor be rejected unless, after such purchase, the accrued balance of the Select Intermediary Account will be at least $15 million. The fund or the Distributor reserves the right in its discretion to close any account where the balance in the associated Select Intermediary Account has fallen below $15 million. The Transfer Agent will give shareholders 60 days' notice that the account will be closed unless investment is made to increase the Select Intermediary Account's balance to the required minimum.

FEDERAL FUNDS WIRE. In order to assure timely processing of purchase orders, the SSgA Funds strongly recommend that you make initial or subsequent investments by wiring federal funds to State Street Bank and Trust Company as the Transfer Agent by:

Completing the SSgA Funds' Institutional Account Application and fax it to (617) 664-6011. Please confirm that the fax was received by calling 1-800-997-7327.


Telephoning State Street Bank and Trust Company at 1-800-647-7327 and providing: (1) the investor's account registration number, address and social security or tax identification number; (2) the name of the fund; (3) the amount being wired; (4) the name of the wiring bank; and (5) the name and telephone number of the person at the wiring bank to be contacted in connection with the order.

Instructing the wiring bank to wire federal funds to:

State Street Bank and Trust Company
225 Franklin Street
Boston, MA 02110

ABA #0110-0002-8

DDA# 9904-631-0

SSgA Emerging Markets Fund Select Class

Account Number and Registration



The short- term results of a relatively new fund are not necessarily indicative of its long-term prospects.  The use of short selling entails a high degree of risk, may increase potential losses and is not suitable for all investors.


Not FDIC Insured - No Bank Guarantee - May Lose Value

Initial offering of the SSgA Emerging Market Select Class took place on 3/1/06. Returns prior to that are those of the Institutional Share Class and reflect the Institutional Share Class' expense ratio. Had the Select Class expense ratio been reflected, total returns would have been higher.

The MSCI Emerging Markets Index is comprised of 26 countries. MSCI targets to capture 85% of free float-adjusted companies within each industry group in every country. Designation as an emerging market is determined by a number of factors, such as gross domestic product per capita; local government regulations; perceived investment risk; foreign ownership limits and capital controls; or the general perception by the investment community when determining an “emerging” classification of a market. The index is unmanaged and may not be invested in directly.

International markets entail different risks than those typically associated with domestic markets, including foreign currency fluctuation, political and economic instability, accounting changes and foreign taxation.  These risks can be increased when investing in emerging markets securities.