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SSESX

SSGA Enhanced Small Cap Fund - Class A

Fund Objective

The Fund's investment objective is to maximize total return through investment primarily in small capitalization equity securities.

Fund Information

As of 08/31/2015
Ticker SymbolSSESX
Primary BenchmarkRussell 2000 Index
CUSIP784924185
Gross Expense Ratio

The gross expense ratio is the fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

1.61%
Net Expense Ratio

The fund's investment advisor is contractually obligated until December 31, 2015 to waive its management fee and/or to reimburse the fund for expenses to the extent that total expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.50% of average daily net assets on an annual basis.

Includes Acquired Fund Fees and Expenses ("AFFE") of 0.14%. AFFE reflect the Fund's pro rata share of the fees and expenses incurred indirectly through its ownership in other investment companies, such as business development companies ("BDCs"). BDC expenses are similar to the expenses paid by any operating company held by the Fund. They are not direct costs paid by the Fund shareholders and are not used to calculate the Fund's net asset value. They have no impact on the costs associated with fund operations.

0.95%
Inception Date07/07/2014
Investment ManagerSSGA Funds Management, Inc.
Management TeamActive Quantitative Equities
DistributorState Street Global Markets, LLC
Distribution FrequencyAnnually
ExchangeNASDAQ REGULAR MARKET

Fund Characteristics

As of 07/31/2015
Dividend Yield

Dividend Yield measures the weighted average of gross dividend yield of stocks in the fund.

1.71%
Earnings Growth 5 Year

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

12.46%
Number of Holdings600
Price/Book Ratio

Price/Book Ratio

Current market price of the stock divided by the most recent reported book value for the prior fiscal year.

1.91
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

15.67
Weighted Average Market Cap$1,642.31 M

Yields

As of 08/28/2015
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

0.82%

Fund Net Asset Value

NAV

Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of 08/28/2015
Percent Change0.68%
Price$14.82
Price Change$0.10
Shares Outstanding12,134
Total Net Assets$179,841.20

Fund Documents

Fund Performance

Month End
As of 07/31/2015
Quarter End
As of 06/30/2015
At NAV At POP At NAV At POP
1 Month -1.14% -6.30% 0.32% -4.94%
QTD -1.14% -6.30% -0.94% -6.12%
YTD 3.31% -2.13% 4.50% -1.00%
1 Year 12.26% 6.34% 7.72% 2.05%
3 Year 18.85% 16.73% 19.30% 17.18%
5 Year 17.26% 16.02% 19.16% 17.89%
10 Year 7.04% 6.46% 7.74% 7.15%
Inception 
7.74% 7.18% 7.93% 7.36%

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.

POP Performance shown for the periods prior to the inception of Class A shares on July 7, 2014 reflects the historical performance of the fund’s Class N shares adjusted to reflect the higher expenses of Class A shares, estimated for their first year of operations, including applicable 12b-1 fees and the maximum sales load of Class A. NAV Performance shown for the periods prior to the inception of Class A shares on July 7, 2014 reflects the historical performance of the fund’s Class N shares adjusted to reflect the higher expenses of Class A shares, estimated for their first year of operations,including applicable 12b-1 fees.

Purchase Information

Minimum Investments
Initial $2,000.00
Initial AIP $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 Enhanced Small Cap Fund - Class A)
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

Performance Chart

Annualized
As of1 MonthQTDYTD1 Year3 Year5 Year10 YearSince
Inception
03/22/2005
Month End
Fund at NAV07/31/2015-1.14%-1.14%3.31%12.26%18.85%17.26%7.04%7.74%
Fund at POP07/31/2015-6.30%-6.30%-2.13%6.34%16.73%16.02%6.46%7.18%
Russell 2000 Index07/31/2015-1.16%-1.16%3.54%12.03%17.90%15.27%7.61%8.32%
Quarter End
Fund at NAV06/30/20150.32%-0.94%4.50%7.72%19.30%19.16%7.74%7.93%
Fund at POP06/30/2015-4.94%-6.12%-1.00%2.05%17.18%17.89%7.15%7.36%
Russell 2000 Index06/30/20150.75%0.42%4.75%6.49%17.81%17.08%8.40%8.51%

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.

POP Performance shown for the periods prior to the inception of Class A shares on July 7, 2014 reflects the historical performance of the fund’s Class N shares adjusted to reflect the higher expenses of Class A shares, estimated for their first year of operations, including applicable 12b-1 fees and the maximum sales load of Class A. NAV Performance shown for the periods prior to the inception of Class A shares on July 7, 2014 reflects the historical performance of the fund’s Class N shares adjusted to reflect the higher expenses of Class A shares, estimated for their first year of operations,including applicable 12b-1 fees.

Gross Expense Ratio: 1.61%

Net Expense Ratio: 0.95%

Performance Graphs

Month End as of 07/31/2015

Fund Inception Date: 03/22/2005

Index Inception Date: 03/21/2005

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Quarter End as of 06/30/2015

Fund Inception Date: 03/22/2005

Index Inception Date: 03/21/2005

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Fund Top Holdings

Subject to change.

As of  07/31/2015
Name Weight
Manhattan Associates Inc. 0.68 %
SUPERVALU INC. 0.68 %
Berry Plastics Group Inc. 0.66 %
Jack in the Box Inc. 0.65 %
Catalent Inc 0.64 %
MGIC Investment Corporation 0.64 %
Vonage Holdings Corp. 0.64 %
Aspen Technology Inc. 0.63 %
New Residential Investment Corp. 0.63 %
Umpqua Holdings Corporation 0.61 %

Subject to change.

Download All Holdings XLS

Fund Sector Allocation

As of 07/31/2015
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Public Offering Price (POP) - POP is equal to a Fund’s Net Asset Value plus sales charges, if any. As with the Net Asset Value, the public offering price (POP) will typically change on a day to day basis

Not FDIC Insured * No Bank Guarantee * May Lose Value

Unless otherwise noted all information contained herein is that of the SSGA Enhanced Small Cap Fund - Class A.

The Russell 2000 Index is unmanaged and can not be invested in directly. The Index is composed of the 2,000 smallest securities in the Russell 3000 Index, representing approximately 11% of the Russell 3000 total market capitalization.

The Russell 2000 Index is a trademark of the Frank Russell Company.  RussellTM  is a trademark of the Frank Russell Company.

 

Active Quantitative Equities

Head of Portfolio Management Simon Roe Managing Director Show Bio

Simon is a Managing Director of SSGA and Head of Quantitative Equity Core Portfolio Management in the Active Quantitative Equities Group. His responsibilities include overseeing portfolio management in traditional cap-weighted core quantitative funds across the risk spectrum and contributing to research and product development for Active Quantitative Equity products.

Previously, Simon worked at Merrill Lynch Investment Managers in the Quantitative Advisers team where he managed option based protected funds and quantitative asset allocation funds. Before this, Simon was a Senior Consultant for Barra International. He has been working in the investment management industry since 1993.

Simon holds a BSc in Banking and International Finance from the City University Business School, London. He earned the Chartered Financial Analysts designation and is a member of the CFA Institute and the Boston Security Analysts Society.

Portfolio Manager John O'Connell Vice President Show Bio
John O'Connell is a Vice President of State Street Global Advisors and a Portfolio Manager in the Global Enhanced Equity Group. He joined this group in April 2000. Prior to this, John worked as an Investment Associate in the Global Structured Products Group. John received his MBA from Boston University. He graduated from the University of Rochester with a BA in History.

Russell 2000 Index

N/A

Important Risk Information

Small company issues can be subject to increased volatility and considerable price fluctuations.

Investments in small-sized companies may involve greater risks than in those of larger, better known companies. Returns on investments in stocks of small companies could trail the returns on investments in stocks of larger companies.

These investments may have difficulty in liquidating an investment position without taking a significant discount from current market value, which can be a significant problem with certain lightly traded securities.

Risk associated with equity investing include stock values which may fluctuate in response to the activities of individual companies and general market and economic conditions.

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.