Home   »   Mutual Funds :  State Street Global Equity ex-U.S. Index Fund - Class A (SSGHX)

State Street Global Equity ex-U.S. Index Fund - Class A

Fund Objective

The State Street Global Equity ex-U.S. Index Fund (the "Fund") seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a broad-based index of world (ex-U.S.) equity markets over the long term.

Fund Information

As of   08/23/2019
Ticker Symbol SSGHX
Primary Benchmark MSCI ACWI ex USA Index
CUSIP 85749R149
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. (the "Adviser" or "SSGA FM"), is contractually obligated until April 30, 2020 (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, administration fees and any class-specific expenses, such as distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.015% of the Fund’s and 0.08% of the Portfolio’s average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2020 except with approval of the Fund's Board of Trustees.

Inception Date 09/17/2014
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Fund Characteristics

As of   07/31/2019
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 1,982
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 $65,521.34 M


As of   08/22/2019
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   08/22/2019
NAV $9.10
Shares Outstanding 582,079
Total Net Assets $5.30 M

Fund Documents

Fund Performance

Month End
As of  07/31/2019
Quarter End
As of  06/30/2019
1 Month -1.67% -6.81% 5.96% 0.42%
QTD -1.67% -6.81% 3.00% -2.44%
YTD 11.58% 5.71% 13.48% 7.50%
1 Year -2.92% -8.00% 1.13% -4.19%
3 Year 6.69% 4.79% 8.75% 6.81%
5 Year N/A N/A N/A N/A
10 Year N/A N/A N/A N/A
1.89% 0.78% 2.29% 1.15%

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 $2,000.00
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: SSGA (State Street Global Equity Ex-U.S. Index Fund - Class A)
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 07/31/2019 -1.67% -1.67% 11.58% -2.92% 6.69% N/A N/A 1.89%
Fund at POP 07/31/2019 -6.81% -6.81% 5.71% -8.00% 4.79% N/A N/A 0.78%
MSCI ACWI ex USA Index 07/31/2019 -1.21% -1.21% 12.22% -2.27% 7.20% N/A N/A 2.40%
Quarter End
Fund at NAV 06/30/2019 5.96% 3.00% 13.48% 1.13% 8.75% N/A N/A 2.29%
Fund at POP 06/30/2019 0.42% -2.44% 7.50% -4.19% 6.81% N/A N/A 1.15%
MSCI ACWI ex USA Index 06/30/2019 6.02% 2.98% 13.60% 1.29% 9.39% N/A N/A 2.70%

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: 0.63%

Net Expense Ratio: 0.515%

Performance Graphs

Quarter End as of 06/30/2019

Fund Inception Date: 09/17/2014

Index Inception Date: 12/31/1987

<performance fundPerfNavName="Fund at NAV" fundPerfPOPName="Fund at POP" bmarkName="MSCI ACWI ex USA Index"><funds><field>1 Month</field><fund>5.96</fund><fundPOP>0.42</fundPOP><index>6.02</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>3.00</fund><fundPOP>-2.44</fundPOP><index>2.98</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>13.48</fund><fundPOP>7.50</fundPOP><index>13.60</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>1.13</fund><fundPOP>-4.19</fundPOP><index>1.29</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>8.75</fund><fundPOP>6.81</fundPOP><index>9.39</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>2.29</fund><fundPOP>1.15</fundPOP><index>2.70</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of   07/31/2019
Name Weight
Nestle S.A. 1.52 %
Tencent Holdings Ltd. 1.25 %
Alibaba Group Holding Ltd. Sponsored ADR 1.14 %
Taiwan Semiconductor Manufacturing Co. Ltd. 0.96 %
Novartis AG 0.93 %
Roche Holding AG 0.87 %
Samsung Electronics Co. Ltd. 0.85 %
HSBC Holdings Plc 0.75 %
Toyota Motor Corp. 0.69 %
Royal Dutch Shell Plc Class A 0.65 %
Download All Holdings XLS

Fund Sector Allocation

As of  07/31/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>07/31/2019</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>21.47</rawValue><value>21.47%</value><label>Financials</label><order>1</order></attribute><attribute><rawValue>12.02</rawValue><value>12.02%</value><label>Industrials</label><order>2</order></attribute><attribute><rawValue>11.47</rawValue><value>11.47%</value><label>Consumer Discretionary</label><order>3</order></attribute><attribute><rawValue>9.99</rawValue><value>9.99%</value><label>Consumer Staples</label><order>4</order></attribute><attribute><rawValue>8.67</rawValue><value>8.67%</value><label>Information Technology</label><order>5</order></attribute><attribute><rawValue>8.34</rawValue><value>8.34%</value><label>Health Care</label><order>6</order></attribute><attribute><rawValue>7.43</rawValue><value>7.43%</value><label>Materials</label><order>7</order></attribute><attribute><rawValue>7.01</rawValue><value>7.01%</value><label>Communication Services</label><order>8</order></attribute><attribute><rawValue>6.87</rawValue><value>6.87%</value><label>Energy</label><order>9</order></attribute><attribute><rawValue>3.47</rawValue><value>3.47%</value><label>Utilities</label><order>10</order></attribute><attribute><rawValue>3.26</rawValue><value>3.26%</value><label>Real Estate</label><order>11</order></attribute></attributes></component>

Fund Country Weights

As of  07/31/2019
Japan 16.10%
United Kingdom 11.23%
China 8.40%
France 7.51%
Canada 6.75%
Switzerland 6.24%
Germany 5.77%
Australia 4.84%
South Korea 3.10%
Taiwan 2.97%
Hong Kong 2.63%
Netherlands 2.47%
India 2.14%
Brazil 2.14%
Spain 1.92%
Sweden 1.69%
South Africa 1.57%
Italy 1.55%
Denmark 1.15%
Russia 1.04%
Singapore 0.90%
Thailand 0.71%
Belgium 0.71%
Finland 0.68%
Mexico 0.67%
Indonesia 0.56%
Malaysia 0.54%
Norway 0.44%
Israel 0.41%
Ireland 0.35%
Poland 0.32%
Philippines 0.29%
Qatar 0.24%
Chile 0.23%
United Arab Emirates 0.20%
Turkey 0.20%
Saudi Arabia 0.19%
New Zealand 0.17%
Austria 0.16%
United States 0.15%
Peru 0.11%
Portugal 0.11%
Colombia 0.10%
Argentina 0.08%
Hungary 0.08%
Greece 0.08%
Czech Republic 0.05%
Egypt 0.04%
Pakistan 0.01%

Public Offering Price (POP) - POP is equal to a Fund’s Net Asset Value plus sales charges, if any. As with the Net Asset Value, the public offering price (POP) will typically change on a day to day basis. The Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) is 5.25% for Equity Funds, 3.75% for Fixed Income Funds and 4.50% for Target Retirement Funds.

Unless otherwise noted all information contained herein is that of the State Street Global Equity ex-U.S. Index Fund - Class A

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.

Global Equity Beta Solutions

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show Bio

Mike is a Senior Managing Director and the Head of Global Equity Beta Solutions in the Americas. He is also a member of the Senior Leadership Team and is a voting member on the firm's Trade Management Oversight Committee and the North America Product Committee.

Mike rejoined SSGA in 2010 after spending four years in State Street Global Markets where he helped to build the Global Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this Mike had been Head of the US Passive Equity Team within SSGA, which he originally joined in 1997. He began his career at State Street within the Global Services division in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

Deputy Head of GEBS - Americas Karl A. Schneider Managing Director Show Bio

Karl Schneider, CAIA, is a Managing Director of SSGA and Deputy Head of Global Equity Beta Solutions (GEBS) in the Americas. He also serves as a senior portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for US equity strategies and synthetic beta strategies, including commodities, buy/write, and hedge fund replication. He is also a member of the S&P Dow Jones US Equities Index Advisory Panel.

Prior to joining the GEBS team, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1997.

Mr. Schneider holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

Portfolio Manager Olga G. Winner Vice President Show Bio

Olga Winner, CFA, is a Vice President at SSGA and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. She is responsible for the management of several domestic, international developed and emerging market strategies, including separate accounts, commingled funds, mutual funds and ETFs. Additionally, Ms. Winner manages hedged and futures overlay strategies.

Prior to joining SSGA, Ms. Winner worked as an acquisitions associate at Boston Capital Partners, a real estate investment firm, analyzing investment opportunities. She holds an MBA and MSF from the Carroll School of Management at Boston College and a BS in Finance from the University of Massachusetts. She also earned the Chartered Financial Analyst designation and is a member of the CFA Boston Society.


The MSCI ACWI ex-USA Index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States.

Important Risk Information

 Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

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.

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

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.

International markets entail different risks than those typically associated with domestic markets, including foreign currency fluctuation, political and economic instability, accounting changes and foreign taxation. These risks can be increased when investing in emerging markets securities.

Risk associated with equity investing include stock values which may fluctuate in response to the activities of individual companies and general market and economic conditions.