Home   »   Mutual Funds :  State Street International Value Spotlight Fund - Class K (SIVSX)

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

As of   08/07/2020
Ticker Symbol SIVSX
Primary Benchmark MSCI ACWI ex USA Index
CUSIP 85749Q463
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, 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.

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

Fund Characteristics

As of   07/31/2020
Active Share

Active Share measures the degree of overlap between the underlying holdings of the Fund against the underlying holdings in the fund's benchmark. A Fund’s underlying holdings identical to its benchmark would have an active share of 0.00%, whereas, the more the underlying holdings are different from the benchmark, the larger the active share will be with a maximum of 100%.

Dividend Yield 3.18%
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 33
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 $25,565.44 M


As of   08/06/2020
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   08/06/2020
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
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
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

Performance Chart

As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
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

<performance fundPerfNavName="Fund at NAV" bmarkName="MSCI ACWI ex USA Index"><funds><field>1 Month</field><fund>5.40</fund><index>4.52</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>16.15</fund><index>16.12</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-14.05</fund><index>-11.00</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-4.99</fund><index>-4.80</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>-3.21</fund><index>1.13</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>4.62</fund><index>5.05</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

Subject to change.

As of   07/31/2020
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 %
Download All Holdings XLS

Fund Sector Allocation

As of  07/31/2020
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>07/31/2020</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>29.25</rawValue><value>29.25%</value><label>Financials</label><order>1</order></attribute><attribute><rawValue>22.88</rawValue><value>22.88%</value><label>Industrials</label><order>2</order></attribute><attribute><rawValue>13.43</rawValue><value>13.43%</value><label>Health Care</label><order>3</order></attribute><attribute><rawValue>9.52</rawValue><value>9.52%</value><label>Materials</label><order>4</order></attribute><attribute><rawValue>9.29</rawValue><value>9.29%</value><label>Consumer Staples</label><order>5</order></attribute><attribute><rawValue>6.6</rawValue><value>6.60%</value><label>Consumer Discretionary</label><order>6</order></attribute><attribute><rawValue>6.04</rawValue><value>6.04%</value><label>Information Technology</label><order>7</order></attribute><attribute><rawValue>2.99</rawValue><value>2.99%</value><label>Communication Services</label><order>8</order></attribute></attributes></component>

Fund Country Weights

As of  07/31/2020
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%

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

CIO Fundamental Value Equities Barry Glavin Senior Managing Director Show Bio

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.

Research Analyst Joseph McGann Vice President Show Bio

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.


The MSCI ACWI ex USA Index captures large and mid cap representation across 22 of 23 Developed Markets countries, excluding the US, and 23 Emerging Markets countries. The index covers approximately 85% of the global equity opportunity set outside the US.

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.