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 | 7.26% | |
| 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 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 | Annual | |
| Exchange | NASDAQ REGULAR MARKET |
Fund Characteristics
| Dividend Yield | 2.64% | |
| Est. 3-5 Year EPS Growth | 3.68% | |
| Number of Holdings | 33 | |
| Price/Book Ratio | 1.01 | |
| Price/Earnings Ratio FY1 | 12.19 | |
| Weighted Average Market Cap | $28,162.69 M |
Yields
| 30 Day SEC Yield | 1.35% | |
| 30 Day SEC Yield (Unsubsidized) | -5.92% |
Fund Net Asset Value
| NAV | $12.16 | |
| Percent Change | -0.98% | |
| Price Change | -$0.12 | |
| Shares Outstanding | 200,000 | |
| Total Net Assets | $2.43 M |
Fund Documents
Fund Performance
|
NAV Month End As of 05/31/2018 |
NAV Quarter End As of 03/31/2018 |
|
| 1 Month | -2.45% | -2.37% |
| QTD | 0.08% | -1.67% |
| YTD | -1.59% | -1.67% |
| 1 Year | 7.22% | 13.00% |
| 3 Year | N/A | N/A |
| 5 Year | N/A | N/A |
| 10 Year | N/A | N/A |
| Inception |
20.01% | 22.11% |
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
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 | 05/31/2018 | -2.45% | 0.08% | -1.59% | 7.22% | N/A | N/A | N/A | 20.01% |
| MSCI ACWI ex USA Index | 05/31/2018 | -2.31% | -0.75% | -1.92% | 9.67% | N/A | N/A | N/A | 10.86% |
| Quarter End | |||||||||
| Fund at NAV | 03/31/2018 | -2.37% | -1.67% | -1.67% | 13.00% | N/A | N/A | N/A | 22.11% |
| MSCI ACWI ex USA Index | 03/31/2018 | -1.76% | -1.18% | -1.18% | 16.53% | N/A | N/A | N/A | 12.47% |
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: 7.26%
Net Expense Ratio: 0.75%
Performance Graphs
Quarter End as of 03/31/2018
Fund Inception Date: 07/13/2016
Index Inception Date: 01/01/2001
Fund Top Holdings
| Name | Weight |
|---|---|
| PetroChina Company Limited Class H | 3.62 % |
| Goldcorp Inc. | 3.39 % |
| Catcher Technology Co. Ltd. | 3.30 % |
| Sony Financial Holdings Inc. | 3.13 % |
| Alfresa Holdings Corporation | 3.08 % |
| China Construction Bank Corporation Class H | 3.07 % |
| Sumitomo Mitsui Trust Holdings Inc. | 3.05 % |
| Teva Pharmaceutical Industries Limited Sponsored ADR | 3.02 % |
| Woodside Petroleum Ltd | 2.93 % |
| Chemical Works of Gedeon Richter Plc | 2.92 % |
Fund Sector Allocation
Fund Country Weights
| Japan | 15.68% |
| China | 12.98% |
| France | 12.05% |
| Switzerland | 8.85% |
| South Korea | 8.24% |
| Spain | 6.01% |
| Italy | 5.68% |
| Australia | 5.58% |
| Canada | 3.62% |
| Taiwan | 3.52% |
| Israel | 3.23% |
| Hong Kong | 3.11% |
| Hungary | 3.11% |
| Netherlands | 3.00% |
| Norway | 2.77% |
| Germany | 2.59% |
Fund Documents
Related Items
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 the Chief Investment Officer of SSGA's Dublin-based Fundamental Value Team, and the Portfolio Manager responsible for the International Value Spotlight Strategy.
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 SSGA, 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.
