State Street International Value Spotlight Fund - Class K
Fund Objective
The State Street International Value Spotlight Fund seeks to provide long-term growth of capital.
Fund Information
| Ticker Symbol | SIVSX | |
| Primary Benchmark | MSCI ACWI ex USA Index | |
| CUSIP | 85749Q463 | |
| Gross Expense Ratio | 12.75% | |
| Net Expense Ratio |
The Fund's investment adviser, SSGA Funds Management, Inc. is contractually obligated until April 30, 2021 (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, 2021 except with approval of the Fund's Board of Trustees. |
0.75% |
| Inception Date | 07/13/2016 | |
| 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 | Annually | |
| Exchange | NASDAQ REGULAR MARKET |
Fund Characteristics
Yields
| 30 Day SEC Yield | 1.40% | |
| 30 Day SEC Yield (Unsubsidized) | -5.99% |
Fund Net Asset Value
| NAV | $8.90 | |
| Percent Change | 0.23% | |
| Price Change | $0.02 | |
| Shares Outstanding | 200,000 | |
| Total Net Assets | $1.78 M |
Fund Documents
Fund Performance
|
NAV Month End As of 07/31/2020 |
NAV Quarter End As of 06/30/2020 |
|
| 1 Month | 4.63% | 5.40% |
| QTD | 4.63% | 16.15% |
| YTD | -10.06% | -14.05% |
| 1 Year | 2.68% | -4.99% |
| 3 Year | -1.76% | -3.21% |
| 5 Year | N/A | N/A |
| 10 Year | N/A | N/A |
| Inception |
5.69% | 4.62% |
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
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
DDA#9904-631-0
Attn: State Street International 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
1-800-647-7327
Performance Chart
| Annualized | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| As of | 1 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception 07/13/2016 |
|
| Month End | |||||||||
| Fund at NAV | 07/31/2020 | 4.63% | 4.63% | -10.06% | 2.68% | -1.76% | N/A | N/A | 5.69% |
| MSCI ACWI ex USA Index | 07/31/2020 | 4.46% | 4.46% | -7.03% | 0.66% | 1.39% | N/A | N/A | 6.07% |
| Quarter End | |||||||||
| Fund at NAV | 06/30/2020 | 5.40% | 16.15% | -14.05% | -4.99% | -3.21% | N/A | N/A | 4.62% |
| MSCI ACWI ex USA Index | 06/30/2020 | 4.52% | 16.12% | -11.00% | -4.80% | 1.13% | N/A | N/A | 5.05% |
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: 12.75%
Net Expense Ratio: 0.75%
Performance Graphs
Quarter End as of 06/30/2020
Fund Inception Date: 07/13/2016
Index Inception Date: 01/01/2001
Fund Top Holdings
| Name | Weight |
|---|---|
| Ipsen SA | 3.64 % |
| Newmont Corporation | 3.24 % |
| Bayerische Motoren Werke AG | 3.22 % |
| PT Bank Mandiri (Persero) Tbk | 3.20 % |
| Zhuzhou CRRC Times Electric Co. Ltd. Class H | 3.19 % |
| Credit Suisse Group AG | 3.16 % |
| Chemical Works of Gedeon Richter Plc | 3.15 % |
| ONO Pharmaceutical Co. Ltd. | 3.08 % |
| Hyundai Motor Company | 3.07 % |
| Samsung Electronics Co Ltd Pfd Non-Voting | 3.05 % |
Fund Sector Allocation
Fund Country Weights
| Japan | 17.92% |
| China | 17.47% |
| France | 15.73% |
| South Korea | 9.36% |
| Switzerland | 6.51% |
| Spain | 5.23% |
| United States | 3.39% |
| Germany | 3.38% |
| Indonesia | 3.35% |
| Hungary | 3.31% |
| Hong Kong | 3.19% |
| Italy | 2.96% |
| United Kingdom | 2.95% |
| Taiwan | 2.83% |
| Netherlands | 2.41% |
Fund Documents
Unless otherwise noted all information contained herein is that of the State Street International 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
Barry Glavin is Senior Managing Director and the Chief Investment Officer of State Street Global Advisors? Dublin-based Fundamental Value Team and the Portfolio Manager responsible for the International Value Spotlight Strategy. Barry is a member of the SSGA Ireland Senior Management Group, a member of the SSGA Investment Committee and sits on the SSGA Executive Management Group.
He joined the business in November 2006 as Head of Industrials Research, and led the Research Team for six years until his appointment as CIO in July 2013. Prior to State Street Global Advisors, Barry spent seven years with the HSBC group; in London, as Head of Industrials Research with HSBC Halbis Partners; and in Paris, as a Portfolio Manager with the Multi Asset Class team. Barry began his financial career as a derivatives broker with Cargill Investor Services in Paris.
Barry holds a BA in Politics and Philosophy from University College Dublin and earned the Chartered Financial Analyst designation in 2003.
Joseph McGann joined SSGA's Dublin-based Fundamental Value Team in December 2018 as a Research Analyst specialising in the global resources sector.
Joseph brings over ten years experience to the role, having worked with M&G Investments in London, ING Investment Management in the Hague and Martin Currie Investment Management in Edinburgh.Joseph earned the Chartered Financial Analyst designation in 2011.
He holds a BSc. in Actuarial Mathematics and Statistics from Heriot-Watt University, Edinburgh, and a MSc. Economics from the University of Edinburgh.