Home   »   Mutual Funds : SSGA Clarion Real Estate Fund - Class N (SSREX)

SSGA Clarion Real Estate Fund - Class N

The Class N Share Class is closed to new accounts as of August 7, 2014.

This fund is closed to new investors.

Fund Objective

The Fund seeks to provide income and capital growth by investing primarily in publicly traded securities issued by real estate investment trusts ("REITS").

Fund Information

As of 11/26/2015
Ticker SymbolSSREX
Primary BenchmarkDow Jones U.S. Select REIT Index
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.

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 0.75% of average daily net assets on an annual basis.

Inception Date04/29/1998
Investment ManagerSSGA Funds Management, Inc.
Sub-advisorCBRE Clarion Securities, LLC
DistributorState Street Global Markets, LLC
Distribution FrequencyQuarterly

Fund Characteristics

As of 10/31/2015
3 yr. FFO Growth8.62%
Number of Holdings39
Weighted Average Dividend Yield3.13%
Weighted Average Market Cap$23,208.16 M


As of 11/24/2015
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.


Fund Net Asset Value


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

As of 11/24/2015
Percent Change-0.59%
Price Change-$0.10
Shares Outstanding2.58 M
Total Net Assets$43.35 M

Fund Documents

Fund Performance

NAV Month End
As of 10/31/2015
NAV Quarter End
As of 09/30/2015
1 Month 6.05% 3.56%
QTD 6.05% 3.36%
YTD 2.64% -3.22%
1 Year 7.05% 11.54%
3 Year 12.15% 9.69%
5 Year 12.41% 11.90%
10 Year 6.65% 5.81%
9.47% 9.15%

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.

Purchase Information

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
Attn: SSGA (SSGA Clarion Real Estate Fund - Class N)
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

Performance Chart

As of1 MonthQTDYTD1 Year3 Year5 Year10 YearSince
Month End
Fund at NAV10/31/20156.05%6.05%2.64%7.05%12.15%12.41%6.65%9.47%
Dow Jones U.S. Select REIT Index10/31/20155.83%5.83%2.82%6.87%12.36%12.56%7.53%9.76%
Quarter End
Fund at NAV09/30/20153.56%3.36%-3.22%11.54%9.69%11.90%5.81%9.15%
Dow Jones U.S. Select REIT Index09/30/20153.37%3.09%-2.84%11.82%9.92%12.31%6.69%9.45%

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.

Gross Expense Ratio: 1.38%

Net Expense Ratio: 1.00%

Performance Graphs

Month End as of 10/31/2015

Fund Inception Date: 04/29/1998

Index Inception Date: 04/30/1998

<performance fundPerfNavName="Fund at NAV" bmarkName="Dow Jones U.S. Select REIT Index"><funds><field>1 Month</field><fund>6.05</fund><index>5.83</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>6.05</fund><index>5.83</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>2.64</fund><index>2.82</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>7.05</fund><index>6.87</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>12.15</fund><index>12.36</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>12.41</fund><index>12.56</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>6.65</fund><index>7.53</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>9.47</fund><index>9.76</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 09/30/2015

Fund Inception Date: 04/29/1998

Index Inception Date: 04/30/1998

<performance fundPerfNavName="Fund at NAV" bmarkName="Dow Jones U.S. Select REIT Index"><funds><field>1 Month</field><fund>3.56</fund><index>3.37</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>3.36</fund><index>3.09</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-3.22</fund><index>-2.84</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>11.54</fund><index>11.82</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>9.69</fund><index>9.92</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>11.90</fund><index>12.31</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>5.81</fund><index>6.69</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>9.15</fund><index>9.45</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of  10/31/2015
Name Weight Shares Held
Simon Property Group Inc. 11.74 % 26,125
Equity Residential 7.82 % 45,339
Public Storage 5.80 % 11,341
General Growth Properties 5.22 % 80,800
Welltower Inc. 5.08 % 35,095
ProLogis Inc. 5.04 % 52,924
AvalonBay Communities Inc. 4.72 % 12,108
Boston Properties Inc. 4.03 % 14,355
SL Green Realty Corp. 3.60 % 13,598
Host Hotels & Resorts Inc. 3.40 % 87,852
Download All Holdings XLS

Fund Sector Allocation

As of 10/31/2015
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>10/31/2015</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>21.121238</rawValue><value>21.12%</value><label>Residential</label><order>1</order></attribute><attribute><rawValue>18.915765</rawValue><value>18.92%</value><label>Retail: Enclosed Malls</label><order>2</order></attribute><attribute><rawValue>16.677872</rawValue><value>16.68%</value><label>Office Buildings</label><order>3</order></attribute><attribute><rawValue>8.621374</rawValue><value>8.62%</value><label>Retail: Community Shopping Centers</label><order>4</order></attribute><attribute><rawValue>8.423789</rawValue><value>8.42%</value><label>Healthcare Facilities</label><order>5</order></attribute><attribute><rawValue>8.277963</rawValue><value>8.28%</value><label>Industrial Properties</label><order>6</order></attribute><attribute><rawValue>7.584789</rawValue><value>7.58%</value><label>Self Storage Property</label><order>7</order></attribute><attribute><rawValue>6.848382</rawValue><value>6.85%</value><label>Residential: Hotels</label><order>8</order></attribute><attribute><rawValue>3.528827</rawValue><value>3.53%</value><label>Technology Real Estate</label><order>9</order></attribute></attributes></component>

Not FDIC Insured * No Bank Guarantee * May Lose Value

Prior to June 20, 2014, the SSGA Clarion Real Estate Fund - Class N was known as SSGA Clarion Real Estate Fund.

Unless otherwise noted all information contained herein is that of the SSGA Clarion Real Estate Fund - Class N.

The Dow Jones U.S. Select REIT Index is a market capitalization-weighted index composed of publicly traded Real Estate Investment Trusts (REITs). No special purpose or healthcare REITs are included. The Index is rebalanced monthly and reconstituted quarterly. The Index is unmanaged and can not be invested in directly.

Dow Jones and Dow Jones Total Stock Market Indexes are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by State Street Bank and Trust.

No Team Members exists.

Dow Jones U.S. Select REIT Index

The Dow Jones U.S. Select REIT IndexSM is comprised of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960.  Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security which reflects that portion of securities shares that are accessible to investors.

Important Risk Information

REIT funds may be subject to a high degree of market risk due to lack of industry diversification. REIT funds may be subject to other risks including, but not limited to, changes in real estate values or economic conditions, credit risk and interest rate fluctuations and changes in the value of the underlying property owned by the trust and defaults by borrowers.

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.

Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.

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.