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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   08/20/2018
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.

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

As of   07/31/2018
Dividend Yield 2.70%
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.

7.01%
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.

0.95
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.

11.42
Weighted Average Market Cap $27,323.20 M

Yields

As of   08/17/2018
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.

1.60%
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.

-6.12%

Fund Net Asset Value

NAV

Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of   08/17/2018
NAV $11.72
Percent Change 0.09%
Price Change $0.01
Shares Outstanding 200,000
Total Net Assets $2.34 M

Fund Documents

Fund Performance

NAV Month End
As of  07/31/2018
NAV Quarter End
As of  06/30/2018
1 Month 3.17% -2.99%
QTD 3.17% -2.92%
YTD -1.51% -4.54%
1 Year 6.89% 3.69%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Inception 
18.29% 17.27%

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 07/31/2018 3.17% 3.17% -1.51% 6.89% N/A N/A N/A 18.29%
MSCI ACWI ex USA Index 07/31/2018 2.39% 2.39% -1.46% 5.94% N/A N/A N/A 10.18%
Quarter End
Fund at NAV 06/30/2018 -2.99% -2.92% -4.54% 3.69% N/A N/A N/A 17.27%
MSCI ACWI ex USA Index 06/30/2018 -1.88% -2.61% -3.77% 7.28% N/A N/A N/A 9.32%

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 06/30/2018

Fund Inception Date: 07/13/2016

Index Inception Date: 01/01/2001

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Fund Top Holdings

Subject to change.

Subject to change.

As of   07/31/2018
Name Weight
Zhuzhou CRRC Times Electric Co. Ltd. Class H 3.46 %
Catcher Technology Co. Ltd. 3.45 %
Koninklijke Boskalis Westminster N.V. 3.28 %
Sanofi 3.24 %
Woodside Petroleum Ltd 3.22 %
Societe Generale S.A. Class A 3.10 %
Deutsche Bank AG 2.98 %
Credit Suisse Group AG 2.97 %
Samsung Electronics Co Ltd Pfd Non-Voting 2.96 %
HeidelbergCement AG 2.93 %
Download All Holdings XLS

Fund Sector Allocation

As of  07/31/2018
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Fund Country Weights

As of  07/31/2018
China 15.52%
France 15.46%
Japan 11.80%
South Korea 11.66%
Switzerland 8.82%
Germany 6.23%
Taiwan 3.64%
Netherlands 3.46%
Australia 3.40%
Israel 3.05%
Hong Kong 3.01%
Norway 2.95%
Hungary 2.85%
Italy 2.82%
Canada 2.67%
Spain 2.65%

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

Chief Investment Officer Barry Glavin Senior Managing Director Show Bio

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.

MSCI ACWI ex USA Index

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.