
The Fund seeks to provide long-term capital growth by investing primarily in securities of foreign issuers.
| As of 09/07/2010 | ||
| Ticker Symbol | SSAIX | |
|---|---|---|
| Primary Benchmark | MSCI EAFE Net Dividend Index | |
| CUSIP | 784924870 | |
| Gross Expense Ratio | 1.16% | |
| Net Expense Ratio | 1% | |
| Inception Date | 03/07/1995 | |
| Investment Manager | SSgA Funds Management, Inc. | |
| Management Team | International Alpha Portfolio Management Team | |
| Distributor | State Street Global Markets, LLC | |
| Distribution Frequency | Annually | |
| As of 07/31/2010 | ||
| Earnings Growth 5 Year | 0.93% | |
|---|---|---|
| FY 1 P/E Ratio | 11.13 | |
| Number of Holdings | 119 | |
| Price/Book Ratio | 1.30 | |
| Weighted Average Market Cap | $41,645.77 M | |
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. Visit ssgafunds.com for most recent month-end performance.
| As of 09/03/2010 | ||
| 1 Day Average Yield (subsidized) | 0.00% | |
|---|---|---|
| Percent Change | 1.20% | |
| Price | $9.26 | |
| Price Change | $0.11 | |
| Shares Outstanding | 119.60 M | |
| Total Net Assets | $1,107.55 M | |
Minimum Investments
Initial $1,000.00
Additional $100.00
Initial IRA $250.00
Additional IRA $100.00
Additional AIP $100.00
Brokerage Availability
SSgA Funds are available through most major broker/dealer and supermarket platforms. If you are an investment advisor and have questions regarding platform availability, please call 800-997-7327. Otherwise, please call 877-521-4083.
To Purchase by wire
You may make initial or subsequent investments by wiring federal funds to State Street, as Transfer Agent by:
1. Telephoning the Customer Service Department at 1-800-647-7327 between 8:00 a.m. and 4:00 p.m., Eastern Time, and stating: (a) your account registration number, address and social security or tax identification number, (b) the name of the fund in which the investment is to be made and the account number, and (c) the exact amount being wired.
2. Instructing the wiring bank to wire federal funds to:
State Street Bank and Trust Co.
225 Franklin Street, Boston, MA 02110
ABA# 0110-0002-8
DDA#9904-631-0
Attn: SSGA (SSgA International Stock Selection Fund)
Account Number and Registration
Dollar Amount Per Account (if one wire is to cover more than one purchase)
Correspondence Information
SSgA Funds
One Lincoln Street
Boston, MA 02111-2900
1-800-647-7327
| Annualized | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AS OF | 1 Month | QTD | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception 03/07/1995 |
||
| Month End | Fund | 07/31/10 | 11.29% | 11.29% | -4.48% | 5.71% | -11.92% | 1.66% | 2.23% | 3.75% |
| Index | 07/31/10 | 9.48% | 9.48% | -5.00% | 6.26% | -10.28% | 2.10% | 1.51% | 4.72% | |
| Quarter End | Fund | 06/30/10 | -2.48% | -15.57% | -14.17% | 4.46% | -15.64% | 0.18% | 0.65% | 3.05% |
| Index | 06/30/10 | -1.00% | -13.97% | -13.23% | 5.92% | -13.38% | 0.88% | 0.16% | 4.13% | |
| Annualized | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| As of 09/30/2007 | AS OF | QTD | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception 03/07/1995 |
|
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. Visit ssgafunds.com for most recent month-end performance.
Gross Expense Ratio:
1.16%
Net Expense Ratio:
1%
As of07/31/2010
| As of 07/31/2010 | ||
| Japan | 22.74% | |
|---|---|---|
| United Kingdom | 21.54% | |
| Germany | 9.51% | |
| France | 8.75% | |
| Switzerland | 7.30% | |
| Australia | 6.55% | |
| Denmark | 4.63% | |
| Netherlands | 4.23% | |
| Spain | 2.88% | |
| Sweden | 2.86% | |
| Italy | 2.42% | |
| Hong Kong | 1.92% | |
| Finland | 1.44% | |
| Singapore | 1.31% | |
| Belgium | 1.05% | |
| Norway | 0.89% | |
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.
*Diversification does not ensure against loss.
The financial products described herein are indexed to an MSCI index. The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based.
The MSCI EAFE® Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the US & Canada. As of December 2003 the MSCI EAFE Index consisted of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index is unmanaged and can not be invested in directly.
FAMILY OF PRODUCTS :
ETF
|
Global SPDRs
The official US site for mutual funds from State Street Global Advisors, the investment management arm of State Street Corporation.
ssga.com
|
International Investors
|
Glossary
|
Contact Us
|
Site Feedback
|
Legal Info
|
Privacy
|
Copyright
©2010 State Street Corporation. All Rights Reserved.
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-800-997-7327, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.
Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 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.
© 2010 State Street Corporation. All Rights Reserved.
In addition to normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, and from adverse political, social and economic instability in other nations.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.
| NAME | TITLE | RESPONSIBLITY | HIRE DATE | INDUSTRY START | SCHOOL | DEGREE* | |
|---|---|---|---|---|---|---|---|
| Gaurav Mallik | Vice President | Portfolio Manager | 2006 | 2001 | Cornell University | Master of Business Administration |
|
Gaurav is a Vice President of State Street Global Advisors and a Senior Member of the Global Active Quantitative Equity Team. He is responsible for portfolio management, research and positioning across multiple strategies within the group.
Prior to assuming this role, he was a part of the quantitative credit research team at State Street Global Markets. He joined State Street Global Markets from SKG, Inc., a company he founded with State Street in 2001 focused on trading illiquid bonds. Gaurav has 7 years experience in research and quantitative modeling on the sell-side.
Gaurav holds an MBA in Finance from Cornell University, a Master in Electrical Engineering, with a focus on Neural Networks, from Boston University and a BS in Electrical Engineering from Robert Gordon's University in Aberdeen. He has written several papers on liquidity in credit markets and has presented research at academic and practitioner conferences.
| |||||||
| Rob Spencer | Vice President | Portfolio Manager | 2005 | 1996 | Elizabethtown College | Bachelor of Science |
|
Rob is a Vice President of State Street Global Advisors and a member of the firm's Global Active Quantitative Equity Team. He is responsible for portfolio management, research, product development and positioning across multiple strategies within this group. Prior to joining SSgA in 2005, he was a consultant/relationship manager with State Street Analytics, a division of State Street Corporation. In this position, Rob was responsible for delivering performance measurement and investment analytic solutions to several of State Street's large institutional clients. Rob joined State Street Corporation in 1996.
Rob received a BS in Business Administration with concentrations in Finance and Economics from Elizabethtown College. He has earned the Chartered Financial Analyst Designation and is a member of both the Boston Security Analysts Society and the CFA Institute.
| |||||||
| Eric Chatron | Principal | Senior Portfolio Manager | 1998 | 1997 | University Paris IX Dauphine | Master of Science |
|
Eric Chatron is a Senior Portfolio Manager and Co-Head of the Active Europe Equity Unit at SSgA France in Paris. He joined the firm in June 1998. Before, he worked as a quantitative financial analyst in buy side firms.
He has a Masters degree in Finance and another one in International Economics from the University Paris IX Dauphine. He is also a member of the CFA Institute and holds the Chartered Financial Analyst designation and is a qualified Financial Risk Manager, as certified by the Global Association of Risk Professionals. He has been working in the industry since 1997.
| |||||||
| Olivier Ekambi | Vice President | Senior Portfolio Manager | 2006 | 1998 | University of Toulouse | DESS |
|
Olivier Ekambi is a Senior Portfolio Manager and Co-Head of the Active Europe Equity Unit of SSgA France in Paris. He joined the firm in April 2006. Prior to joining SSgA, he worked at Ixis Asset Management as a quantitative portfolio manager and analyst. He has a Master's degree in Economics and Statistics and another one in Finance from the University of Toulouse. He is also a member of the CIIA (Certified International Investment Analyst) and of the SFAF (Société Française des Analystes Financiers). He has been working in the industry since 1998.
| |||||||
| Mark Webster | Managing Director | Senior Investment Manager | 2004 | 1991 | Bournemouth University | Bachelor of Arts |
|
Mark is a Managing Director of SSgA's Active Equity Group and, as head of the European Active Equity team in London and Paris, he is responsible for overseeing the management of all UK and European-related equity portfolios. Before joining SSgA in 2004, he gained substantial investment experience at several fund management organisations including, National Mutual, Scottish Widows, Abu Dhabi Investment Authority, Murray Johnstone and Exeter Investment Group.
Mark is an Associate Member of the Institute of Investment Management & Research and has a degree in Financial Services from Bournemouth University.
| |||||||
| Anthony Golowenko | Vice President | Head of Active Australian Equities | 1997 | 1997 | University of Technology, Sydney | Bachelor of Science |
|
Anthony is the Head of Active Australian Equities for State Street Global Advisors and has been an integral member of this team since 2003. He had primary responsibility for developing the Active Australian Equity Long-Short capability and in this time oversaw the successful launch of both the Long-Short and Alpha Edge Australian Active Equity strategies.
In a career spanning 13 years Anthony has also worked as a Portfolio Manager in the Controlled Risk Alpha team, Investment Manager in the Global Structured Products Group, as well as a brief stint in the Global Asset Allocation Group. He has managed a broad range of international and domestic equity portfolios, balanced products and overlays since joining SSgA in January 1997.
Anthony received a Bachelor of Mathematics and Finance degree with First Class Honours from the University of Technology, Sydney, and has earned the Chartered Financial Analyst (CFA) designation.
| |||||||
| Jason Bryan | Vice President | Portfolio Manager | 2000 | 1987 | Securities Institute of Australia | Diploma |
|
Jason is a Portfolio Manager for State Street Global Advisors, Australia, Limited, joining the firm in May 2000 to manage active Australian equity portfolios. Prior to joining SSgA, Jason was a Senior Research Analyst at QIC, where he was responsible for the analysis of a range of industrial sectors as well as portfolio management. Prior to that, Jason worked at Perpetual Trustees for three years as an Investment Officer.
Jason has received a Bachelor of Business degree from the Queensland University of Technology and a Diploma from the Securities Institute of Australia. Jason is an Associate of the Securities Institute of Australia, an Associate of the Institute of Chartered Secretaries and Administrators, and is a Fellow of the Australian Society of CPAs.
| |||||||
| Todd Kennedy | Vice President | Head of Active Equities - Asia ex Japan | 2005 | 1994 | Macquarie University, Sydney | Master of Arts |
|
Todd is a Vice President of State Street Global Advisors. He is the Head of the Asia-Pacific ex-Japan Active Equities group, covering developed market strategies. Joining SSgA in February 2005, he has over 15 years of experience in finance and has been involved in running active SSgA Long only, Long-Short and Edge strategies in the Asia-Pacific and Australia regions. Todd is the primary portfolio manager for regional multi-country developed market mandates and co-leads an All Country Asia strategy in conjunction with the SSgA Emerging Markets team.
Prior to working for SSgA, Todd spent two years at Barra as a Senior Associate specializing in risk management and portfolio construction. From 2000 to 2002, Todd headed the Merrill Lynch Asia-Pacific ex-Japan Derivative Research group based in Hong Kong, where he produced quantitative research and strategy reports for Asia-Pacific equities and their derivatives.
Todd has received an MA in Applied Finance from Macquarie University, Sydney, where he studied quantitative financial methods and presented his thesis on artificial intelligence systems' predictive abilities in the Australian market. He has also received a Graduate Diploma of Applied Finance from the Securities Institute of Australia and a BS from Griffith University in Brisbane.
| |||||||
| Anthony T. Yau | Vice President | Senior Portfolio Manager | 1997 | 1996 | Boston University | BSBA |
|
Anthony is a Vice President of State Street Global Advisors and the head of the Asian Emerging Markets Active Equity team. As a Senior Portfolio Manager in the firm's Active Emerging Markets team, he is responsible for product development and portfolio management for global emerging markets equity portfolios with a focus on Asian markets. Anthony is the lead portfolio manager for SSgA's QFII quota to invest in the domestic equity markets in China.
Currently based in Hong Kong, Anthony was previously a portfolio manager in the Active Developed Markets team in Boston managing Long-only and Market Neutral strategies in EAFE markets. Prior to joining SSgA in 1997, Anthony was a Programmer Analyst in the Quantitative Research Group at Putnam Investments. He has been working in the investment management industry since 1996.
Anthony graduated from Boston University with a BSBA with a concentration in Finance and Management Information Systems. He has earned the Chartered Financial Analyst designation and is a member of CFA Institute and the Hong Kong Society of Financial Analysts. Anthony is fluent in Cantonese and Mandarin.
| |||||||
| Veronica Ho | Vice President | Senior Portfolio Manager | 2006 | 1999 | Chinese University of Hong Kong | M. Phil. |
|
Veronica is a Vice President of State Street Global Advisors. She is a senior portfolio manager of the Asia Pacific ex Japan Active Equities team and responsible for Hong Kong and Singapore equities. Prior to joining SSgA in April 2006, she was the Head of the Asian quantitative research team in UBS and quantitative analyst of the Hong Kong enhanced equity investment team in Macquarie Funds Management.
Veronica completed her Master of Philosophy in Finance and Bachelor of Business Administration in Finance from the Chinese University of Hong Kong, and has earned the Chartered Financial Analyst Designation.
| |||||||
| Yuzo Hashimoto | Vice President | Head of Japanese Active Equity | 2004 | 1986 | Hitotsubashi University | Bachelor of Arts |
|
Yuzo is a Vice President of State Street Global Advisors and Head of Active Equity Management at State Street Global Advisors (Japan) Co., Ltd.
Prior to joining SSgA in October 2004, Yuzo worked for 12 years at Nikko Asset Management and was in charge of quantitative investment and quantitative research. From 1999 to 2003, he led the quantitative investment team as Head of the Quantitative Investment Management Division. Additionally, he was Head of the Quantitative Research Division from 2000 to 2002. Prior to Nikko Asset Management, Yuzo worked for about six years in Nikko Securities Co., Ltd.'s Fixed Income and Equity divisions.
Yuzo holds a BA in Business from Hitotsubashi University and is a Chartered Member of the Security Analysts Association of Japan (CMA).
| |||||||
| Fumihiko Kadowaki | Vice President | Portfolio Manager | 2005 | 1987 | The University of Electro-Communications | Bachelor of Science |
|
Fumihiko Kadowaki is a Vice President of State Street Global Advisors and a Portfolio Manager at State Street Global Advisors (Japan) Co., Ltd. He joined SSgA in January 2005 from Nikko Asset Management. He was with Nikko Asset Management for two years, and oversaw the firm's Japanese long-short strategy and fund analysis. Prior to joining Nikko Asset Management, Fumihiko was with the Asahi Life Group (Asahi Life Insurance and Asahi Life Asset Management) for approximately thirteen years, and was in charge of quantitative investment and quantitative research. He started his career in 1987 at Nihon Kangyo Kakumaru Securities, where he was involved in quantitative research for about four years.
He holds a B.S. in Engineering from The University of Electro-Communications, and is a Chartered Member of the Security Analysts Association of Japan (CMA).
| |||||||
| Yosuke Ota | Principal | Portfolio Manager | 2001 | 2001 | Boston University | Master of Science |
|
Yosuke Ota is a Principal of State Street Global Advisors (Japan) Co., Ltd. and a Portfolio Manager of Japanese Active Equity group. Since joining SSgA in 2001, he has focused on Japanese active equity strategies and currently manages the market-neutral strategies and the short-entension (Edge) strategy. He also works with the Global Alpha team providing investment advice for the Japanese portions of the EAFE and Global strategies. He is also responsible for the quantitative research and the development of the stock selection model.
He is a graduate of Keio University with a Bachelor of Arts in Environmental Information, and holds a Master of Science in Financial Economics from the graduate school of Boston University. He was a visiting researcher of RIPPA (Research Institute for Pension and Policies on Aging) in 2005 for the quantitative research on the Japanese equity market. He is a Chartered Member of the Security Analysts Association of Japan (CMA) as well as a member of MENSA International.
| |||||||
| Didier Rosenfeld | Managing Director | Head of EAFE Strategies | 2000 | 1998 | Northeastern University | Master of Business Administration |
|
Didier is a Managing Director of State Street Global Advisors and the Head of EAFE and Global Strategies. Didier was a founding member of the international alpha select strategy team and the strategy lead since 2003. He is responsible for product development and portfolio management across the quantitative international active equity strategies. Since joining SSgA in 2000, Didier has focused on International equities. Prior to joining SSgA, Didier worked as an assistant trader for the BCEN Eurobank and as an auditor/consultant for Arthur Andersen.
Didier was awarded a 2007 Standard & Poor's / Business Week excellence prize in the foreign funds category for his management of the SSgA International Stock selection mutual fund for the previous 5 years. Didier was also listed as Citywire Europe's 5th best fund manager in Citywire Europe's top 100 fund managers in 2007 for his co-management with Keppler Asset Management of the Global Advantage Fund in the previous 3 years.
Didier holds an MBA from Northeastern University and a Masters in Management with honors from Rheims Graduate School of Management, a premier French Graduate School of Management. He has also earned the Chartered Financial Analyst designation. Didier is a member of Phi Kappa Phi and Beta Gamma Sigma as well as MENSA International.
| |||||||
* Most recent degree only