Home   »   Mutual Funds :  State Street Global Value Spotlight Fund - Class K (SIAKX)

State Street Global Value Spotlight Fund - Class K

Closed to new investors effective November 23, 2018. Closed to existing shareholders effective December 14, 2018.

This fund will be liquidated on or about December 28, 2018.

Fund Objective

The State Street Global Value Spotlight Fund seeks to provide long-term growth of capital.

Fund Information

As of   12/10/2018
Ticker Symbol SIAKX
Primary Benchmark MSCI ACWI Index
CUSIP 85749Q414
Gross Expense Ratio

Gross Expense Ratio

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, 2019 (i) to waive up to the full amount of the advisory fee payable by the Fund, and/or (ii) to reimburse the Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class-specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.70% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2019 except with approval of the Funds Board of Trustees.

Inception Date 09/22/2016
Investment Manager SSGA Funds Management, Inc.
Management Team Fundamental Equities
Sub-advisor State Street Global Advisors Ireland Limited
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annual

Fund Characteristics

As of   11/30/2018
Dividend Yield 2.20%
Est. 3-5 Year EPS Growth

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 35
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

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

Weighted Average Market Cap $23,293.74 M


As of   12/06/2018
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.


Fund Net Asset Value


The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

As of   12/06/2018
NAV $11.19
Percent Change 0.63%
Price Change $0.07
Shares Outstanding 200,551
Total Net Assets $2.24 M

Fund Documents

Fund Performance

NAV Month End
As of  11/30/2018
NAV Quarter End
As of  09/30/2018
1 Month 0.82% 1.02%
QTD -6.41% 2.78%
YTD -7.97% -1.66%
1 Year -5.38% 7.20%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
9.45% 13.94%

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 $10,000,000.00
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.
Boston, MA 02110
ABA# 0110-0002-8
Attn: State Street Global Value Spotlight Fund - Class K
Account Number and Registration
Dollar Amount Per Account (if one wire is to cover more than one purchase)

Correspondence Information
SSGA Funds
1 Iron Street
Boston, MA 02210

Performance Chart

As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Month End
Fund at NAV 11/30/2018 0.82% -6.41% -7.97% -5.38% N/A N/A N/A 9.45%
MSCI ACWI Index 11/30/2018 1.46% -6.14% -2.55% -0.98% N/A N/A N/A 9.17%
Quarter End
Fund at NAV 09/30/2018 1.02% 2.78% -1.66% 7.20% N/A N/A N/A 13.94%
MSCI ACWI Index 09/30/2018 0.44% 4.28% 3.83% 9.77% N/A N/A N/A 13.46%

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: 8.36%

Net Expense Ratio: 0.75%

Performance Graphs

Quarter End as of 09/30/2018

Fund Inception Date: 09/22/2016

Index Inception Date: 05/31/1990

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Fund Top Holdings

Subject to change.

Subject to change.

As of   11/30/2018
Name Weight
Copa Holdings S.A. Class A 3.36 %
Hankook Tire Co. Ltd. 3.18 %
Siemens Gamesa Renewable Energy S.A. 3.18 %
KT & G Corporation 3.12 %
NCR Corporation 3.09 %
China Mobile Limited 3.06 %
Mosaic Company 3.06 %
Arconic Inc. 3.03 %
Chemical Works of Gedeon Richter Plc 2.97 %
Owens-Illinois Inc. 2.93 %
Download All Holdings XLS

Fund Sector Allocation

As of  11/30/2018
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Fund Country Weights

As of  11/30/2018
United States 37.45%
South Korea 12.16%
China 9.22%
Japan 7.86%
Spain 5.92%
Switzerland 5.25%
Hungary 3.16%
Canada 3.08%
Hong Kong 3.00%
Netherlands 2.84%
United Kingdom 2.72%
France 2.58%
Australia 2.38%
Germany 2.36%

Unless otherwise noted all information contained herein is that of the State Street Global Value Spotlight Fund - Class K.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

Fundamental Equities

Head of Portfolio Management Brian Routledge Senior Managing Director Show Bio

Brian Routledge joined SSGA's Dublin-based Fundamental Value Team in January 2007. Brian manages both our Global Value Spotlight Strategy and our USA Value Spotlight Strategy and is Head of Portfolio Management.

Brian has 30 years investment management industry experience. Prior to joining SSGA, Brian spent seven years as a Senior Portfolio Manager and Analyst at Citigroup Asset Management (then Legg Mason) in the US. Prior to this Brian has over 12 years experience as a sell-side analyst for both Credit Suisse First Boston and Prudential Securities in New York.

Brian holds a BSc (Finance) from St. John's University, New York, and earned the Chartered Financial Analyst designation in 1992.


The MSCI ACWI Index captures large and mid cap representation across 23 Developed Markets and 23 Emerging Markets countries. The index covers approximately 85% of the global investable equity opportunity set.

Important Risk Information

Value stocks can perform differently from the market as a whole. They can remain undervalued by the market for long periods of time.

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.

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

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.