
The Fund seeks income and, secondarily, long-term growth of capital by diversifying its assets in shares of the underlying funds.
| As of 09/07/2010 | ||
| Ticker Symbol | SSLIX | |
|---|---|---|
| Primary Benchmark | SSgA Income and Growth Composite Index | |
| CUSIP | 784924722 | |
| Gross Expense Ratio | 3.52% | |
| Net Expense Ratio | 0.45% | |
| Inception Date | 07/01/1997 | |
| Investment Manager | SSgA Funds Management, Inc. | |
| Management Team | Life Solutions Team | |
| Distributor | State Street Global Markets, LLC | |
| Distribution Frequency | Annually | |
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 | -0.39% | |
| Price | $10.60 | |
| Price Change | -$0.04 | |
| Shares Outstanding | 84,438 | |
| Total Net Assets | $895,126.12 | |
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 Life Solutions Income and Growth 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 07/01/1997 |
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| Month End | Fund | 07/31/10 | 3.94% | 3.94% | 2.33% | 8.73% | -0.91% | 1.62% | 2.69% | 3.96% |
| Index | 07/31/10 | 3.54% | 3.54% | 4.07% | 11.26% | 2.22% | 4.09% | 4.32% | 5.79% | |
| Quarter End | Fund | 06/30/10 | -1.46% | -4.33% | -1.55% | 9.20% | -2.89% | 1.08% | 2.24% | 3.68% |
| Index | 06/30/10 | -1.12% | -2.67% | 0.51% | 11.91% | 0.78% | 3.59% | 3.93% | 5.54% | |
| Annualized | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| As of 09/30/2007 | AS OF | QTD | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception 07/01/1997 |
|
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:
3.52%
Net Expense Ratio:
0.45%
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.
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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. Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.
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* | |
|---|---|---|---|---|---|---|---|
| Daniel Farley | Managing Director | Global Head of Investments for MACS | 1992 | 1992 | Bentley College | Master of Business Administration |
|
Dan is a Managing Director of State Street Global Advisors, and the Global Head of Investments for SSgA's Multi Asset Class Solutions (MACS) team. In this role, he is responsible for the management and development of asset allocation strategies for institutional clients worldwide. His responsibilities include the design and management of Liability Driven Investments, tactical asset allocation and overlay strategies. He is a member of SSgA's Senior Management Group. Prior to this role, Dan was the Head of the US MACS team.
Dan holds a BSBA from Stonehill College and an MBA from Bentley College, and has earned the Chartered Financial Analyst designation. He is a member of CFA Institute and the Boston Securities Analyst Society. Dan has been a frequent speaker on the topics of asset allocation, liability driven investments and investment management for endowments/foundations. Dan also serves on the Board of Directors of the Crispus Attucks Children's Center in Dorchester, MA.
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| Rob Guiliano | Vice President | Senior Portfolio Manager | 1997 | 1996 | Boston University | Master of Business Administration |
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Rob is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in SSgA's Multi Asset Class Solution (MACS) team. He joined the firm in November 1997 and his responsibilities include portfolio management of real asset, tactical, and strategic asset allocation strategies as well as product development, research, and assisting clients with the development of strategic investment policy. Prior to joining the GAA team, he was a portfolio manager/analyst in the Product Engineering group supporting the GAA and Currency investment management teams.
Previously, he worked as an Investment Marketing Analyst for SSgA's defined contribution group, CitiStreet. Prior to SSgA, he worked as an Assistant Relationship Representative at Funds Distributor Inc. Before entering investment management in 1996, Rob work as a Construction/Environmental Project Manager for Exxon Mobil Corporation for seven years.
Rob earned a Masters in Business Administration from Boston University in 1996 with a concentration in Finance and Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute in 1989 with a Minor in Economics. He is a member of the CFA Institute and Boston Security Analysts Society, and has passed Level I of the CFA examination.
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| Alistair Lowe | Executive Vice President | Global Equities CIO | 1996 | 1985 | Cambridge University | Diploma |
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Alistair is an Executive Vice President of State Street Global Advisors. He is the Global Equities CIO, responsible for the management and development of active and enhanced equity strategies worldwide.
Previously, Alistair was CIO for Multi Asset Class Solutions and Currency. Prior to that he was the head of the Investor Solutions Group at SSgA, which specialized in tax-efficient indexing and efficient implementation of active equity strategies. He is a member of SSgA's Executive Management Group. Alistair, who has been working in the investment management field since 1985, joined SSgA in 1996 from NatWest Investment Management, Inc.
Alistair earned an undergraduate degree in Economics and a post-graduate degree in Computer Science at Cambridge University (Churchill College), UK. He is on the Board of Overseers of the New England Aquarium.
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| Michael O. Martel | Vice President | Senior Portfolio Manager | 1994 | 1992 | Boston College | Master of Business Administration |
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Mike is a Vice President of State Street Global Advisors and a Senior Portfolio Manager on the Global Asset Allocation team. He is responsible for developing and implementing multi-asset class solutions for clients, including strategic and tactical global balanced funds, equitization and overlay strategies, and country selection portfolios. In addition, Mike oversees the continued development of proprietary trading systems and assists in ongoing research efforts.
Previously, Mike was with SSgA's Global Structured Products Group specializing in developed and emerging market index strategies and the valuation of global derivatives.
Prior to joining SSgA in 1994, Mike worked for the Mutual Funds Division of State Street Corporation. He has been working in the investment management field since 1992.
Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College. He also holds a Series 3 license from the National Futures Association.
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| Chuck McGinn | Principal | Portfolio Manager | 1988 | 1988 | Salem State College | Bachelor of Science |
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Chuck is a Principal of State Street Global Advisors and a member of the Global Asset Allocation team, where he manages a variety of portfolios. In addition to managing several of the group's separate accounts, Chuck is responsible for managing the Target Retirement series of portfolios as well as being the lead portfolio manager of the group's Country Selection strategy. As the lead portfolio manager of the country selection strategy, Chuck is responsible for recommending all of the investment calls. He is also an active participant in making tactical calls in all of the portfolios for which the Global Asset Allocation team has been given discretion and is responsible for some of the derivative overlay and exposure management mandates that are managed in the Global Asset Allocation team.
Prior to his current role, Chuck was an Operations Analyst at SSgA, where he specialized in developed and emerging market equity funds. He has been working in the investment management field since 1988.
Chuck is a graduate of Salem State College, where he earned a BS in Business Administration.
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* Most recent degree only