
The Fund seeks to provide maximum total return, primarily through capital appreciation, by investing primarily in securities of foreign issuers.
| As of 09/07/2010 | ||
| Ticker Symbol | SSEMX | |
|---|---|---|
| Primary Benchmark | MSCI Emerging Market Index | |
| CUSIP | 784924789 | |
| Gross Expense Ratio | 1.23% | |
| Inception Date | 03/01/1994 | |
| Investment Manager | SSgA Funds Management, Inc. | |
| Management Team | Active Emerging Market Equity PM Team | |
| Distributor | State Street Global Markets, LLC | |
| Distribution Frequency | Annually | |
| As of 07/31/2010 | ||
| Earnings Growth 3 Year | 15.64% | |
|---|---|---|
| FY 1 P/E Ratio | 10.91 | |
| Number of Holdings | 347 | |
| Price/Book Ratio | 2.05 | |
| Weighted Average Market Cap | $17,938.65 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 | 0.66% | |
| Price | $19.93 | |
| Price Change | $0.13 | |
| Shares Outstanding | 69.20 M | |
| Total Net Assets | $1,379.20 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 Emerging Markets 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 03/01/1994 |
||
| Month End | Fund | 07/31/10 | 9.88% | 9.88% | 2.55% | 20.48% | -4.91% | 11.40% | 11.01% | 8.23% |
| Index | 07/31/10 | 8.33% | 8.33% | 1.65% | 19.92% | -1.56% | 13.01% | 11.49% | N/A | |
| Quarter End | Fund | 06/30/10 | -0.44% | -9.22% | -6.67% | 22.34% | -6.30% | 10.79% | 9.46% | 7.65% |
| Index | 06/30/10 | -0.74% | -8.37% | -6.17% | 23.15% | -2.50% | 12.73% | 10.02% | N/A | |
| Annualized | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| As of 09/30/2007 | AS OF | QTD | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception 03/01/1994 |
|
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:
1.23%
As of07/31/2010
| As of 07/31/2010 | ||
| China | 16.28% | |
|---|---|---|
| Brazil | 14.96% | |
| South Korea | 12.56% | |
| Russia | 9.57% | |
| Taiwan | 8.01% | |
| India | 6.66% | |
| South Africa | 5.39% | |
| Turkey | 5.21% | |
| Mexico | 4.77% | |
| Indonesia | 4.57% | |
| Peru | 2.34% | |
| Egypt | 1.93% | |
| Czech Republic | 1.37% | |
| Poland | 1.24% | |
| Thailand | 1.24% | |
| Hungary | 1.08% | |
| Philippines | 1.08% | |
| Malaysia | 0.78% | |
| Colombia | 0.53% | |
| Other | 0.26% | |
| Nigeria | 0.11% | |
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.
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.
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©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.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.
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* | |
|---|---|---|---|---|---|---|---|
| Brad Aham | Senior Managing Director | Head of Active Emerging Markets Equity Team | 1993 | 1993 | Boston University | Master of Business Administration |
|
Brad is a Senior Managing Director of State Street Global Advisors and head of the Active Emerging Markets equity team. He is a founding member of the Active Emerging Markets strategy and has been a portfolio manager in the Global Quantitative equities group for over 15 years. The Active Emerging Markets team manages over $9 billion in global emerging market equity portfolios and additional assets in regional and single country funds as of June 30, 2010.
Currently based in Boston, Brad has worked for SSgA in both their Seoul and Hong Kong offices. He is a member of SSgA's Senior Management Group and Technical Committee. Brad has previously served on the Investment Committee of two Korean Corporate Restructuring Funds.
He earned bachelors degrees in both Mathematics and Economics from Brandeis University and an MBA from Boston University. He has also earned the Chartered Financial Analyst designation and is a Certified Financial Risk Manager. Brad is a member of CFA Institute, the Boston Securities Analyst Society and the Global Association of Risk Professionals. Brad serves as a Director of the Essex County Greenbelt Association, a Non-Profit Land Trust.
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| George R. Hoguet | Managing Director | Investment Strategist | 1998 | 1976 | Harvard Business School | Master of Business Administration |
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George is a Managing Director, Senior Portfolio Manager and Global Investment Strategist specializing in emerging markets at SSgA. He has been involved with the firm's Active Emerging Markets Strategy over the past twelve years and is a member of the firm's Senior Management Group.
Prior to joining the firm in 1998, George worked in London and Boston with the Chief Investment Officer of Baring Asset Management. He has also worked at the Frank Russell Company, Tacoma, Wa where he consulted to large institutional investors on a wide range of investment topics.
George spent the first part of his career in emerging market and domestic corporate finance at Bankers Trust Company. From 1981-1985 he served at the US Treasury Department, first as US Alternate Executive Director to the World Bank and, subsequently, as Principal Deputy Assistant Secretary of the Treasury for International Affairs.
George is a graduate of Harvard College and Harvard Business School. He earned the Chartered Financial Analyst designation and is a qualified Financial Risk Manager, as certified by the Global Association of Risk Professionals.
His current and prior affiliations/directorships include: President, Boston Economic Club; Executive Committee of the Boston Committee on Foreign Relations; Executive Committee, Boston Society of Security Analysts; Visiting Committee, Weatherhead Center for International Affairs at Harvard; Council on Foreign Relations, New York, New York; and Board Member, Middle East Institute, Washington DC. He has published in Emerging Markets Review, the Financial Times and many other industry and academic journals. He is an accredited speaker fo the CFA Institute, Charlottesville, VA.
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| Jean-Christophe de Beaulieu | Vice President | Senior Portfolio Manager | 2000 | 1999 | ESSEC Business School | Masters of Applied Finance |
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Jean-Christophe de Beaulieu is a Vice President of State Street Global Advisors and Senior Portfolio Manager in Global Active Equity Group. He is responsible for research and portfolio management of different emerging markets investment vehicles. Currently based in Boston, Jean-Christophe joined the company in the Paris office in March 2000 where he was in charge of the emerging markets strategies. Prior to joining SSgA, he was working at the CCF/HSBC and at Paribas as a risk manager assistant. Preceding that, he was working at the CEA (French Nuclear Agency) for intern research.
Jean-Christophe graduated with a degree in Fundamental Mathematics from the University Paris VI. He also holds two post-masters degrees in Numerical Analysis (from University Paris VI) and Financial Techniques (from ESSEC business school). He has earned the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society.
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| 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.
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| Stéphane Barthélemy | Vice President | Senior Portfolio Manager | 1999 | 1997 | Ecole Superieure de Commerce de Montpellier | Bachelor of Science |
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Stéphane Barthélemy is a Vice President and Senior Portfolio Manager in the Equity Management Unit at SSgA France. He is the Head of Active Emerging Markets strategies in Paris. He joined the firm in December 1999. Prior his joining SSgA, Stéphane Barthélemy worked at La Compagnie Financière Edmond de Rothschild Banque as Head of the Middle Office - Structured Products department.
He is graduated from the business school Ecole Supérieure de Commerce de Montpellier, with a specialization in Finance. He has earned the Chartered Financial Analyst designation and he has been working in the industry since 1996.
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| Jay Siegrist | Principal | Assistant Portfolio Manager | 1998 | 1998 | Boston College | Master of Business Administration |
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Jay is a Principal of State Street Global Advisors and an assistant portfolio manager in the Active Emerging Markets group. He is responsible for research and portfolio management across various emerging markets strategies.
Prior to joining the Active Emerging Markets team in 2004, Jay worked on the international developed markets team as an assistant portfolio manager, as well as in Operations supporting International active equities.
Jay graduated from the College of the Holy Cross with a major in Economics and Accounting. He also holds an MBA from the Carroll School of Management at Boston College.
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| Chris Laine | Vice President | Portfolio Manager | 2007 | 1994 | Emory University | Master of Business Administration |
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Chris is a Vice President of State Street Global Advisors and a Senior Member of the Active Emerging Markets Investment Team. He is responsible for portfolio management and research, product development and positioning across multiple strategies within the group. Chris joined SSgA in 2007.
Previously, Chris had been the Head of Asset Allocation for a European-based Emerging Markets Hedge Fund. Additionally, Chris spent
seven years on the sell side at Morgan Stanley (New York) and Citigroup (London), working in both Global Emerging Market Research and Quantitative Analysis. He began his career analyzing Emerging Markets in 1994, working at the Institute of International Finance in Washington, DC.
Chris holds an MBA in Finance from Emory University and an MA in International Transactions and Economics from George Mason University.
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| Del Bouafi | Principal | Portfolio Manager | 2001 | 2001 | Bentley College | Bachelor of Science |
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Del is a Principal of State Street Global Advisors and a member of the Active Emerging Markets Investment Team. She is responsible for portfolio management, research, product development and positioning across multiple strategies within this group. Previously, Del was a member of SSgA's Active International Equity team and the Socially Responsible Investment team, which is charged with acting to champion sustainable investments on behalf of SSgA. Del began her career at SSgA as an associate in the Advanced Research Center (ARC). Del has been working in the investment industry since 2001.
Del received a Bachelor of Science degree in Finance from Bentley College and is currently working towards the CFA designation.
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| Christopher T. Grune | Vice President | Portfolio Manager | 2006 | 1990 | Columbia Business School | Master of Business Administration |
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Christopher is a Vice President of State Street Global Advisors. He is a Portfolio Manager in the firm's Global Active Equity Group and is responsible for research and portfolio management of different emerging market investment vehicles. Currently based in Boston, Christopher joined SSgA in 2006. Prior to joining SSgA, he was a Vice President and analyst in Citigroup's Global Quantitative Research group in New York and Tokyo. Prior to that he worked as an analyst and salesperson for Credit Lyonnais and Societe Generale, dealing with fixed income derivatives traded by Japanese institutions.
He holds an MBA from Columbia Business School in New York, a BA in Finance from the University of Illinois at Urbana-Champaign, has earned the Chartered Financial Analyst designation and has completed 7City/Wilmott's CQF program. He holds NASD Series 7, 63, 24, 67 and 68.
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| Ismael Pomies | Principal | Portfolio Manager | 2007 | 2007 | University of Toulouse | Master of Science |
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Ismael Pomies is a Portfolio Manager in the Equity Management Unit at SSgA France. He is responsible for portfolio management and research of Emerging Markets strategies in Paris. He joined the firm in 2007.
He is an Economist-Statistician and Econometrician. He graduated from the University of Toulouse and holds an MS in Financial Intermediaries and Markets from the Toulouse School of Economics. He is also a Level 2 CFA candidate and he has been working in the industry since 2007.
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| CY Fung | Principal | Portfolio Manager | 2008 | 2004 | The Hong Kong University of Science and Technology | Master of Science |
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Ching-Yin Fung is a Principal of State Street Global Advisors and a Portfolio Manager in the Active Emerging Markets equity team. He is based in Hong Kong and is responsible for portfolio management and research of emerging markets equity funds, with a focus on Asia. CY also manages SSgA's QFII quota investing in the domestic equity markets in China.
CY joins us from Alliance Trust, where he worked as a Quantitative Analyst designing, testing, and implementing quantitative stock screening models. Before this, he worked for the Bank of China (Hong Kong) developing systematic financial models for their wealth management platforms.
CY holds an MS in Investment Management from the Hong Kong University of Science and Technology, an MA in Professional Accounting from the City University of Hong Kong, and a BBA (Hons) in Financial Engineering from the Chinese University of Hong Kong. He has earned the Chartered Financial Analyst designation and is a Certified Financial Risk Manager. CY is a member of CFA Institute, the Hong Kong Society of Financial Analysts and the Global Association of Risk Professionals.
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| Pauline Ju | Vice President | Portfolio Manager | 2008 | 1995 | University of Chicago | Master of Business Administration |
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Pauline is a Vice President of State Street Global Advisors and a Portfolio Manager in Global Active Equity Group. She is responsible for portfolio management and research of emerging markets funds.
Prior to joining SSgA, Pauline spent five years at MFS Investment Management as Investment Officer and quantitative equity analyst. She started her investment career at GuoTai Jun'An Securities in 1995.
Pauline holds an MBA from the University of Chicago Graduate School of Business, an MS in Political Economics from the University of Notre Dame, and a BA in French and Diplomacy from Foreign Affairs College. She earned the Chartered Financial Analyst Designation and is a member of the CFA Institute and the Boston Security Analysts Society.
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* Most recent degree only