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State Street Emerging Markets Equity Index Fund - Class K

Fund Objective

The State Street Emerging Markets Equity Index Fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return of an index that tracks the performance of emerging market equity securities.

Fund Information

As of   09/28/2020
Ticker Symbol SSKEX
Primary Benchmark MSCI Emerging Markets Index
CUSIP 85749T202
Options Available No
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 0.12% 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 12/18/2015
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   08/31/2020
Dividend Yield 2.16%
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 1,259
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 $176,908.63 M


As of   09/25/2020
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   09/25/2020
NAV $66.71
Percent Change 0.56%
Price Change $0.37
Shares Outstanding 10.25 M
Total Net Assets $684.01 M

Fund Documents

Fund Performance

NAV Month End
As of  08/31/2020
NAV Quarter End
As of  06/30/2020
1 Month 2.19% 7.64%
QTD 10.95% 19.10%
YTD 0.41% -9.51%
1 Year 14.31% -3.21%
3 Year 2.63% 1.82%
5 Year N/A N/A
10 Year N/A N/A
9.59% 7.48%

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 Emerging Markets Equity Index 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 08/31/2020 2.19% 10.95% 0.41% 14.31% 2.63% N/A N/A 9.59%
MSCI Emerging Markets Index 08/31/2020 2.21% 11.34% 0.45% 14.49% 2.83% N/A N/A 9.96%
Quarter End
Fund at NAV 06/30/2020 7.64% 19.10% -9.51% -3.21% 1.82% N/A N/A 7.48%
MSCI Emerging Markets Index 06/30/2020 7.35% 18.08% -9.78% -3.39% 1.90% N/A N/A 7.77%

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: 0.33%

Net Expense Ratio: 0.17%

Performance Graphs

Quarter End as of 06/30/2020

Fund Inception Date: 12/18/2015

Index Inception Date: 01/01/2001

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Fund Top Holdings

Subject to change.

Subject to change.

As of   08/31/2020
Name Weight
Alibaba Group Holding Ltd. 8.30 %
Tencent Holdings Ltd. 5.94 %
Taiwan Semiconductor Manufacturing Co. Ltd. 5.42 %
Samsung Electronics Co. Ltd. 3.28 %
Meituan Dianping Class B 1.78 %
Reliance Industries Limited 1.22 %
Naspers Limited Class N 1.20 %
China Construction Bank Corporation Class H 1.03 %
JD.com Inc. Sponsored ADR Class A 1.01 %
Ping An Insurance (Group) Company of China Ltd. Class H 0.96 %
Download All Holdings XLS

Fund Sector Allocation

As of  08/31/2020
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Fund Country Weights

As of  08/31/2020
China 31.16%
Taiwan 12.58%
South Korea 11.79%
Hong Kong 9.25%
India 8.22%
Brazil 4.97%
South Africa 3.59%
Russia 2.75%
Saudi Arabia 2.74%
Thailand 1.96%
Malaysia 1.77%
Mexico 1.64%
Indonesia 1.44%
Unassigned 1.12%
Qatar 0.82%
Philippines 0.77%
Poland 0.72%
United Arab Emirates 0.57%
Chile 0.55%
Turkey 0.34%
Peru 0.23%
Hungary 0.21%
Colombia 0.19%
Argentina 0.15%
Greece 0.14%
Czech Republic 0.11%
Egypt 0.11%
United Kingdom 0.10%
Pakistan 0.02%

Unless otherwise noted all information contained herein is that of the State Street Emerging Markets Equity Index 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 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.

Senior Portfolio Manager Tom Coleman Vice President Show Bio

Tom is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions investment team. Within this team, Tom is the Emerging Markets Strategy leader and as such, he is responsible for the management of a variety of commingled, segregated, and exchange traded products benchmarked to international strategies, including MSCI Emerging and ACWI, as well as S&P Emerging Markets. Tom is also responsible for domestic strategies benchmarked to Russell, Standard & Poors, and NASDAQ Indices. Prior to assuming his current role in April 2004, Tom managed the International Structured Products Group Operations Team.

Tom holds a BS in Finance and Accounting from Boston College and an MBA from Babson College. He also earned the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society.

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.

MSCI Emerging Markets Index

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging market countries.

Important Risk Information

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

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

Geographic focused investments are subject to significant volatility given the concentration across a single country or region.

Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.