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SSZIX

State Street Disciplined International Equity Fund - Class I

Fund Objective

The State Street Disciplined International Equity Fund (the "Disciplined International Equity Fund" or the "Fund") seeks to provide long-term capital growth.

Fund Information

As of   10/24/2018
Ticker Symbol SSZIX
Primary Benchmark MSCI EAFE Net Dividend Index
CUSIP 85749Q554
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.

6.03%
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 distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.85% 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.

1.05%
Inception Date 02/18/2016
Investment Manager SSGA Funds Management, Inc.
Management Team Active Quantitative Equities
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annual
Exchange NASDAQ REGULAR MARKET

Fund Characteristics

As of   09/30/2018
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%.

82.52%
Dividend Yield 3.69%
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.

10.09%
Number of Holdings 94
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.

1.36
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.

12.58
Weighted Average Market Cap $39,125.12 M

Yields

As of   10/22/2018
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.

2.57%
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.

-1.31%

Fund Net Asset Value

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

As of   10/22/2018
NAV $11.24
Percent Change -0.44%
Price Change -$0.05
Shares Outstanding 300,000
Total Net Assets $3.37 M

Fund Documents

Fund Performance

NAV Month End
As of  09/30/2018
NAV Quarter End
As of  09/30/2018
1 Month 1.73% 1.73%
QTD 2.52% 2.52%
YTD -1.50% -1.50%
1 Year 1.79% 1.79%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Inception 
9.72% 9.72%

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 $1,000,000.00
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 Disciplined International Equity Fund - Class I
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
02/18/2016
Month End
Fund at NAV 09/30/2018 1.73% 2.52% -1.50% 1.79% N/A N/A N/A 9.72%
MSCI EAFE Net Dividend Index 09/30/2018 0.87% 1.35% -1.43% 2.74% N/A N/A N/A 12.45%
Quarter End
Fund at NAV 09/30/2018 1.73% 2.52% -1.50% 1.79% N/A N/A N/A 9.72%
MSCI EAFE Net Dividend Index 09/30/2018 0.87% 1.35% -1.43% 2.74% N/A N/A N/A 12.45%

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: 6.03%

Net Expense Ratio: 1.05%

Performance Graphs

Quarter End as of 09/30/2018

Fund Inception Date: 02/18/2016

Index Inception Date: 03/31/1986

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Fund Top Holdings

Subject to change.

Subject to change.

As of   09/30/2018
Name Weight
Allianz SE 1.64 %
Hang Seng Bank Limited 1.59 %
Marubeni Corporation 1.59 %
Macquarie Group Limited 1.58 %
Swedish Match AB 1.58 %
Link Real Estate Investment Trust 1.51 %
JAPAN POST HOLDINGS Co. Ltd. 1.46 %
NTT DoCoMo Inc. 1.43 %
NN Group N.V. 1.39 %
FUJIFILM Holdings Corp 1.38 %
Download All Holdings XLS

Fund Sector Allocation

As of  09/30/2018
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Fund Country Weights

As of  09/30/2018
Japan 33.79%
Australia 12.84%
Switzerland 8.97%
Hong Kong 8.88%
France 4.50%
Denmark 4.43%
Netherlands 4.17%
Norway 3.85%
Spain 3.72%
United Kingdom 3.03%
Germany 2.97%
Belgium 2.52%
Italy 2.00%
Singapore 1.72%
Sweden 1.61%
Israel 1.00%

Unless otherwise noted all information contained herein is that of the State Street Disciplined International Equity Fund - Class I.

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.

Active Quantitative Equities

Senior Portfolio Manager Adel Daghmouri Vice President Show Bio

Adel is a Senior Portfolio Manager in the Active Quantitative Equity Group, where he focuses on managing global investment strategies, product development and quantitative research within developed markets. Prior to this he was a founding member of the quantitative Canadian active equity team responsible for portfolio management across active, enhanced and market-neutral strategies.

Since joining the firm in 1998, Adel has also worked as a Portfolio Manager in the Global Structured Products Group focusing on a broad range of international and domestic strategies.

Adel holds a Bachelor of Business Administration from Laval University and a Master of Science degree in Finance from HEC Montreal.

Senior Portfolio Manager Chee Ooi Managing Director Show Bio

Chee is a Managing Director of State Street Global Advisors and a Senior Portfolio Manager for the Active Quantitative Equity team. In this role, he is the lead portfolio manager for the Global Defensive Equity and State Street Disciplined International Equity strategies. His core responsibility also includes contributing to the team's research, strategy and business development effort.

Chee has over twenty years of experience in quantitative equity research and investment management. Prior to joining SSGA, he was a Director and Senior Quantitative Analyst at Citi's Global Quantitative Research group in New York. His work at Citi was focused on the development of quantitative stock selection models and providing investment, risk management and portfolio construction solutions for the firm's institutional clients. In that capacity, he was also responsible for the management of a suite of proprietary market neutral strategies. Chee started his career in finance at Salomon Brothers as an equity derivatives research analyst.

Chee holds a BS in Electrical Engineering and Computer Science, with a minor in Economics from the Massachusetts Institute of Technology. He has published papers in the Journal of Portfolio Management on his pioneering work on classification and regression tree model in stock selection and has presented at industry conferences. In 2016, SSGA Global Defensive Equity strategy a strategy that Chee launched in 2009 and has served as the lead portfolio manager since inception, was voted by the Institutional Investor magazine as the Global Core Equity strategy of the year.

MSCI EAFE Net Dividend Index

The MSCI EAFE Net Dividend Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US & Canada. The MSCI EAFE Index consists of the following 21 developed market country indexes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.

Important Risk Information

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

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.

Quantitative investing assumes that future performance of a security relative to other securities may be predicted based on historical economic and financial factors, however, any errors in a model used might not be detected until the fund has sustained a loss or reduced performance related to such errors.

Low volatility funds can exhibit relative low volatility and excess returns compared to the Index over the long term; both portfolio investments and returns may differ from those of the Index. The fund may not experience lower volatility or provide returns in excess of the Index and may provide lower returns in periods of a rapidly rising market. Active stock selection may lead to added risk in exchange for the potential outperformance relative to the Index.