Home   »   Mutual Funds :  SSGA Enhanced Small Cap Fund - Class N (SESPX)

SSGA Enhanced Small Cap Fund - Class N

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

Fund Objective

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

Fund Information

As of   12/11/2016
Ticker Symbol SESPX
Primary Benchmark Russell 2000 Index
CUSIP 784924458
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. (the "Adviser" or "SSGA FM"), is contractually obligated until December 31, 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, acquired fund fees, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.50% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2016 except with the approval of the Fund's Board of Trustees. In addition, SSGA FM has contractually agreed to waive 0.01% of its administration fee. This waiver may not be terminated or modified except with the approval of the Fund's Board of Trustees.

Inception Date 03/22/2005
Investment Manager SSGA Funds Management, Inc.
Management Team Active Quantitative Equities
Distributor State Street Global Markets, LLC
Distribution Frequency Annually

Fund Characteristics

As of   11/30/2016
Dividend Yield

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

Est. 3-5 Year EPS Growth

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 Holdings 500
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

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 $1,661.13 M


As of   12/08/2016
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.

30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized 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 that does not take into account expense ratio subsidizations.


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   12/08/2016
NAV $15.87
Percent Change 1.73%
Price Change $0.27
Shares Outstanding 389,685
Total Net Assets $6.18 M

Fund Documents

Fund Performance

NAV Month End
As of  10/31/2016
NAV Quarter End
As of  09/30/2016
1 Month -4.74% 1.51%
QTD -4.74% 8.77%
YTD 4.02% 9.19%
1 Year 0.95% 12.20%
3 Year 5.03% 7.46%
5 Year 11.99% 16.40%
10 Year 5.27% 6.46%
6.76% 7.26%

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. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

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 Enhanced Small Cap 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 of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Month End
Fund at NAV 10/31/2016 -4.74% -4.74% 4.02% 0.95% 5.03% 11.99% 5.27% 6.76%
Russell 2000 Index 10/31/2016 -4.75% -4.75% 6.16% 4.11% 4.12% 11.51% 5.96% 7.20%
Quarter End
Fund at NAV 09/30/2016 1.51% 8.77% 9.19% 12.20% 7.46% 16.40% 6.46% 7.26%
Russell 2000 Index 09/30/2016 1.11% 9.05% 11.46% 15.47% 6.71% 15.82% 7.07% 7.71%

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. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Gross Expense Ratio: 1.47%

Net Expense Ratio: 0.75%

Performance Graphs

Month End as of 10/31/2016

Fund Inception Date: 03/22/2005

Index Inception Date: 03/21/2005

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Fund Top Holdings

Subject to change.

As of   11/30/2016
Name Weight
Curtiss-Wright Corporation 0.71 %
Science Applications International Corp. 0.69 %
Fulton Financial Corporation 0.65 %
F.N.B. Corporation 0.64 %
United Community Banks Inc. 0.64 %
Chico's FAS Inc. 0.63 %
First Midwest Bancorp Inc. 0.63 %
Worthington Industries Inc. 0.63 %
Advanced Energy Industries Inc. 0.62 %
Umpqua Holdings Corporation 0.62 %
Download All Holdings XLS

Fund Sector Allocation

As of  11/30/2016
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Prior to June 20, 2014, the SSGA Enhanced Small Cap Fund - Class N was known as SSGA Enhanced Small Cap Fund.

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

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

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.