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SSGLX

State Street Global Equity ex-U.S. Fund - Class K

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   05/29/2017
Ticker Symbol SSGLX
Primary Benchmark MSCI ACWI ex USA Index
CUSIP 85749R123
Gross Expense Ratio

The gross expense ratio is 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.

0.53%
Net Expense Ratio

^The fund’s investment adviser is contractually obligated until April 30, 2018 to waive its management fee and/or to reimburse the fund for expenses to the extent that total expenses (exclusive of non-recurring account fees,extraordinary expenses, acquired fund fees, any class-specific expenses,such as distribution, shareholder servicing, sub-transfer agency and administration fees)exceed 0.10% of average daily net assets on an annual basis.

0.15%
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
Exchange NASDAQ REGULAR MARKET

Fund Characteristics

As of   04/30/2017
Dividend Yield 2.87%
Est. 3-5 Year EPS Growth

The 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.

6.42%
Number of Holdings 1,872
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.

1.72
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

14.67
Weighted Average Market Cap $55,287.44 M

Yields

As of   05/26/2017
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

1.31%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized Yield)

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price that does not take into account expense ratio subsidizations.

1.19%

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   05/25/2017
NAV $9.97
Shares Outstanding 24.41 M
Total Net Assets $243.28 M

Fund Documents

Fund Performance

NAV Month End
As of  04/30/2017
NAV Quarter End
As of  03/31/2017
1 Month 2.12% 2.61%
QTD 2.12% 7.78%
YTD 10.07% 7.78%
1 Year 12.40% 12.92%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Inception 
0.11% -0.71%

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.
225 Franklin Street, Boston, MA 02110
ABA# 0110-0002-8
DDA#9904-631-0
Attn: SSGA (State Street Global Equity ex US 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
One Lincoln Street
Boston, MA 02111-2900
1-800-647-7327

Performance Chart

Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
09/17/2014
Month End
Fund at NAV 04/30/2017 2.12% 2.12% 10.07% 12.40% N/A N/A N/A 0.11%
MSCI ACWI ex USA Index 04/30/2017 2.14% 2.14% 10.17% 12.59% N/A N/A N/A 0.36%
Quarter End
Fund at NAV 03/31/2017 2.61% 7.78% 7.78% 12.92% N/A N/A N/A -0.71%
MSCI ACWI ex USA Index 03/31/2017 2.54% 7.86% 7.86% 13.13% N/A N/A N/A -0.46%

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: 0.53%

Net Expense Ratio: 0.15%

Performance Graphs

Month End as of 04/30/2017

Fund Inception Date: 09/17/2014

Index Inception Date: 12/31/1987

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Fund Top Holdings

Subject to change.

As of   04/30/2017
Name Weight
Nestle S.A. 1.23 %
Samsung Electronics Co. Ltd. 0.99 %
Roche Holding Ltd Genusssch. 0.94 %
Tencent Holdings Ltd. 0.91 %
Novartis AG 0.88 %
HSBC Holdings plc 0.84 %
Taiwan Semiconductor Manufacturing Co. Ltd. 0.82 %
Toyota Motor Corp. 0.73 %
Alibaba Group Holding Ltd. Sponsored ADR 0.67 %
British American Tobacco p.l.c. 0.65 %
Download All Holdings XLS

Fund Sector Allocation

As of  04/30/2017
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Fund Country Weights

As of  04/30/2017
Japan 16.07%
United Kingdom 12.63%
France 7.41%
Germany 6.77%
Canada 6.65%
China 6.29%
Switzerland 6.18%
Australia 5.20%
South Korea 3.41%
Taiwan 2.77%
Netherlands 2.46%
Spain 2.45%
Hong Kong 2.44%
Sweden 2.11%
India 2.06%
Brazil 1.72%
South Africa 1.55%
Italy 1.53%
Denmark 1.21%
Singapore 0.91%
Mexico 0.83%
Belgium 0.82%
Russia 0.82%
Finland 0.72%
Malaysia 0.56%
Indonesia 0.53%
Thailand 0.51%
Israel 0.50%
Norway 0.42%
Ireland 0.33%
Poland 0.29%
Philippines 0.26%
Chile 0.26%
Turkey 0.20%
United Arab Emirates 0.19%
Qatar 0.17%
Austria 0.15%
New Zealand 0.12%
Portugal 0.11%
Colombia 0.09%
Peru 0.08%
Hungary 0.07%
Unassigned 0.05%
Greece 0.05%
Czech Republic 0.04%
Egypt 0.03%

Unless otherwise noted all information contained herein is that of the State Street Global Equity ex US 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.

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, is the Chairperson for the firm's Trade Management Oversight Committee, and is a voting member on 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.

Senior Portfolio Manager Payal Kapoor Gupta Vice President Show Bio

Payal Gupta is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions team. Within this team, Payal is responsible for the management of several commingled funds, mutual funds, separately managed accounts, and ETFs that are benchmarked to US domestic, international developed and emerging market indices. Prior to assuming her current role in 2007, Payal was a business analyst in the IT Investment Operations group at SSGA. In this role, she worked on automating business processes and designing and implementing global investment management applications. Before joining SSGA in 2005, Payal worked as an analyst at Concentra Integrated Services and at Morgan Stanley.

Payal holds an MBA with specialization in Investments and Information systems from Northeastern University and a Bachelors of Science in Information Technology from Bay Path University.

Portfolio Manager Juan P. Acevedo Vice President Show Bio

Juan Acevedo is a Vice President of State Street Global Advisors and a portfolio manager on the Global Equity Beta Solutions team. He is responsible for managing Equity Index, Smart Beta and Tax-efficient quantitative strategies for institutional clients and high net worth individuals.

Prior to his current role, Juan was a portfolio manager in the Implementation Group where he was responsible for the daily management of active and passive strategies, with an additional focus of mass construction of separate managed accounts.

Juan received a Bachelor of Arts in International Business from Providence College. Additionally, he received a Master of Science in Investment Management and a Master of Business Administration with a Finance concentration from the School of Management at Boston University.

Portfolio Manager Lisa Hobart Vice President Show Bio

Lisa is a Vice President at State Street Global Advisors and a Portfolio Manager within the Global Equity Beta Solutions Team. Lisa is currently responsible for managing various equity index funds, with both domestic and international strategies.

Lisa joined State Street Bank London in 2000 and moved to SSGA as a senior portfolio analyst in 2006. During her career at SSGA Lisa has managed the Investment Operations team, supporting passive, enhanced and active equity strategies.

Lisa graduated from Leeds University with a B.A. (Hons.) in Economics and Management. She holds the Investment Management Certificate.

Portfolio Manager Mark G. Krivitsky Vice President Show Bio

Mark is a Vice President and Senior Portfolio Manager in the Global Equity Beta Solutions team and Tax-Efficient Market Capture team at State Street Global Advisors. He is responsible for managing both U.S. and International Index funds and taxable institutional accounts. His previous experience at SSGA includes affiliaton with the the firm's U.S. Structured Products Operations Group. Mark began his tenure at State Street in the Mutual Funds Division in 1992. He has been working in the investment management field since 1991.

Mark completed his undergraduate degree with a BA in Humanities/Social Sciences from the University of Massachusetts and earned a Master's degree in Business Administration with a specialization in Finance from the Sawyer School of Management at Suffolk University.

Senior Portfolio Manager Eric J. Viliott Vice President Show Bio

Eric is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions investment team. He is responsible for a variety of passive equity strategies including exchange traded products as well as optimized separately managed tax-efficient strategies. While with SSGA, Eric has also held roles conducting research and analysis to assist in the unwind of clients' concentrated equity positions. He was also responsible for the optimization and management of actively managed taxable equity portfolios within the Private Asset Management team. Prior to joining SSGA in 2000, Eric was with Putnam Investments where he provided research and analysis for the Quantitative Equity Research Team. He has been working in the investment management field since 1995.

Eric completed his undergraduate degree with a BA in Finance from the School of Management at the University of Massachusetts in Amherst and earned a Master of Science degree in Finance from Boston College. In addition, Eric has achieved the designation of Chartered Financial Analyst (CFA) as well as the designation of Certified Financial Planner (CFP®). He is also a member of CFA Institute, The Financial Planning Association and the Boston Security Analysts Society.

Portfolio Manager Dave Swallow Principal Show Bio

David is a Vice President at State Street Global Advisors. He is a Portfolio Manager in the Tax Efficient Market Capture Group. Dave performs investment optimization and portfolio management for high net worth individuals and taxable institutional clients. His previous experience at SSGA includes implementation of large fiduciary transactions and investment management of institutional retirement plans. Before joining SSGA in 1996, he was a Senior Product Manager at BayBanks Investment Management. He has been working in the investment management field since 1987.

Dave has earned the Chartered Financial Analyst Designation. He is also a member of the Association for Investment Management and Research (AIMR) and the Boston Security Analysts Society. He holds a BS in Mathematics from Washington & Lee University and an MBA from the College of William & Mary.

Portfolio Manager Daniel TenPas Principal Show Bio

Dan is a Principal within State Street Global Advisors and a Portfolio Manager in the Global Equity Beta Solutions team.

Prior to his current role, Dan was a Portfolio Specialist within the Global Product and Marketing Group. In that role, Dan focused on supporting Passive Equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies.

Dan holds a Bachelor's degree in Economics from Dartmouth College and a law degree from Harvard Law School. He has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Security Analysts Society.

MSCI ACWI ex USA Index

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.