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State Street Equity 500 Index Fund - Administrative Shares

Fund Objective

The investment objective of the State Street Equity 500 Index Fund is to replicate as closely as possible, before expenses, the performance of the Standard & Poor's 500 Index.

Fund Information

As of 09/05/2015
Ticker SymbolSTFAX
Primary BenchmarkS&P 500 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 adviser, SSGA Funds Management, Inc.is contractually obligated until April 30, 2016 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,any class-specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated during the relevant period except with the approval of the fund's Board of Trustees.

Inception Date04/18/2001
Investment ManagerSSGA Funds Management, Inc.
Management TeamGlobal Equity Beta Solutions
DistributorState Street Global Markets, LLC
Distribution FrequencyAnnually

Fund Characteristics

As of 07/31/2015
Dividend Yield2.08%
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.

Number of Holdings503
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.

Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

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

Weighted Average Market Cap$137,515.19 M


As of 09/04/2015
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 09/03/2015
Shares Outstanding14.33 M
Total Net Assets$237.16 M

Fund Documents

Fund Performance

NAV Month End
As of 07/31/2015
NAV Quarter End
As of 06/30/2015
1 Month 2.06% -1.97%
QTD 2.06% 0.23%
YTD 3.18% 1.10%
1 Year 10.93% 7.12%
3 Year 17.26% 17.01%
5 Year 15.94% 17.05%
10 Year 7.51% 7.69%
5.91% 5.79%

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 $25,000,000.00
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
Attn: SSGA (State Street Equity 500 Index Fund - Administrative Shares)
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 NAV07/31/20152.06%2.06%3.18%10.93%17.26%15.94%7.51%5.91%
S&P 500 Index07/31/20152.10%2.10%3.35%11.21%17.58%16.24%7.72%5.85%
Quarter End
Fund at NAV06/30/2015-1.97%0.23%1.10%7.12%17.01%17.05%7.69%5.79%
S&P 500 Index06/30/2015-1.94%0.28%1.23%7.42%17.31%17.34%7.89%5.73%

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: 0.34%

Net Expense Ratio: 0.21%

Performance Graphs

Month End as of 07/31/2015

Fund Inception Date: 04/18/2001

Index Inception Date: 03/04/1957

<performance fundPerfNavName="Fund at NAV" bmarkName="S&amp;P 500 Index"><funds><field>1 Month</field><fund>2.06</fund><index>2.10</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>2.06</fund><index>2.10</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>3.18</fund><index>3.35</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>10.93</fund><index>11.21</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>17.26</fund><index>17.58</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>15.94</fund><index>16.24</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>7.51</fund><index>7.72</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>5.91</fund><index>5.85</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 06/30/2015

Fund Inception Date: 04/18/2001

Index Inception Date: 03/04/1957

<performance fundPerfNavName="Fund at NAV" bmarkName="S&amp;P 500 Index"><funds><field>1 Month</field><fund>-1.97</fund><index>-1.94</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>0.23</fund><index>0.28</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>1.10</fund><index>1.23</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>7.12</fund><index>7.42</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>17.01</fund><index>17.31</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>17.05</fund><index>17.34</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>7.69</fund><index>7.89</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>5.79</fund><index>5.73</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of  07/31/2015
Name Weight
Apple Inc. 3.67 %
Microsoft Corporation 1.98 %
Exxon Mobil Corporation 1.74 %
Johnson & Johnson 1.46 %
Wells Fargo & Company 1.43 %
General Electric Company 1.38 %
Berkshire Hathaway Inc. Class B 1.37 %
JPMorgan Chase & Co. 1.34 %
Pfizer Inc. 1.16 %
AT&T Inc. 1.12 %

Subject to change.

Download All Holdings XLS

Fund Sector Allocation

As of 07/31/2015
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>07/31/2015</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>19.27</rawValue><value>19.27%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>16.37</rawValue><value>16.37%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>15.1</rawValue><value>15.10%</value><label>Health Care</label><order>3</order></attribute><attribute><rawValue>12.59</rawValue><value>12.59%</value><label>Consumer Discretionary</label><order>4</order></attribute><attribute><rawValue>9.68</rawValue><value>9.68%</value><label>Industrials</label><order>5</order></attribute><attribute><rawValue>9.38</rawValue><value>9.38%</value><label>Consumer Staples</label><order>6</order></attribute><attribute><rawValue>6.92</rawValue><value>6.92%</value><label>Energy</label><order>7</order></attribute><attribute><rawValue>2.86</rawValue><value>2.86%</value><label>Materials</label><order>8</order></attribute><attribute><rawValue>2.78</rawValue><value>2.78%</value><label>Utilities</label><order>9</order></attribute><attribute><rawValue>2.75</rawValue><value>2.75%</value><label>Unassigned</label><order>10</order></attribute><attribute><rawValue>2.31</rawValue><value>2.31%</value><label>Telecommunication Services</label><order>11</order></attribute></attributes></component>

Not FDIC Insured * No Bank Guarantee * May Lose Value

Unless otherwise noted all information contained herein is that of the State Street Equity 500 Index Fund - Administrative Shares

Standard & Poor's S&P 500® Index is a registered trademark of Standard & Poor's, a division of the McGraw-Hill Companies Inc. The S&P 500® Index is unmanaged and can not be invested in directly. Standard & Poor's is the owner of the trademarks, service marks and copyrights related to its indexes. The S&P 500® Index is an index of the common stock prices of 500 widely held U.S. stocks and includes reinvestment of dividends.

Global Equity Beta Solutions

Co-Head of Passive Equity Strategies John Tucker Senior Managing Director Show Bio

John is a Senior Managing Director of State Street Global Advisors and Co-Head of Passive Equity Strategies in North America. John is responsible for overseeing the management of all equity index strategies and Exchange Traded Funds managed in North America. He is a member of the Senior Leadership Team. Previously, John was head of the Structured Products group in SSGA's London office, where he was responsible for the management of all index strategies in our second largest investment center.

John received a BA from Trinity College and an MS in Finance from Boston College. He has also earned the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society and the CFA Institute. In addition, John is a member of The Russell Index Client Advisory Board and The S&P U.S. Index Advisory Panel. He joined State Street in 1988.

Head of US Equity Strategies Karl A. Schneider Vice President Show Bio

Karl is a Vice President of State Street Global Advisors and Head of US Equity Strategies for the Global Equity Beta Solutions (GEBS) team, where in addition to overseeing the management of the US equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Karl is also a member of the SSGA Derivatives Committee.

Prior to joining the Global Equity Beta Solutions, Karl worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined State Street in 1996.

Karl holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

S&P 500 Index

The S&P 500® Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over 25 separate industry groups.

Important Risk Information

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.

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

The Fund invests by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.