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State Street Equity 500 Index Fund - Administrative Shares

Fund Objective

The investment objective of the State Street Equity 500 Index Fund is to replicate as closely as possible, before expenses, the performance of the Standard & Poor's 500 Index.

Fund Information

As of   08/08/2020
Ticker Symbol STFAX
Primary Benchmark S&P 500 Index
CUSIP 85749T103
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 0.02% 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 04/18/2001
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   07/31/2020
Dividend Yield 1.75%
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 508
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 $431,785.94 M


As of   08/07/2020
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   08/06/2020
NAV $258.73
Shares Outstanding 902,595
Total Net Assets $233.53 M

Fund Documents

Fund Performance

NAV Month End
As of  07/31/2020
NAV Quarter End
As of  06/30/2020
1 Month 5.64% 1.96%
QTD 5.64% 20.45%
YTD 2.31% -3.15%
1 Year 11.75% 7.28%
3 Year 11.77% 10.50%
5 Year 11.22% 10.46%
10 Year 13.56% 13.71%
7.26% 6.99%

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 $25,000,000.00
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
Attn: SSGA (State Street Equity 500 Index Fund - Administrative Shares)
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 07/31/2020 5.64% 5.64% 2.31% 11.75% 11.77% 11.22% 13.56% 7.26%
S&P 500 Index 07/31/2020 5.64% 5.64% 2.38% 11.96% 12.01% 11.49% 13.84% 7.28%
Quarter End
Fund at NAV 06/30/2020 1.96% 20.45% -3.15% 7.28% 10.50% 10.46% 13.71% 6.99%
S&P 500 Index 06/30/2020 1.99% 20.54% -3.08% 7.51% 10.73% 10.73% 13.99% 7.01%

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: 0.29%

Net Expense Ratio: 0.17%

Performance Graphs

Quarter End as of 06/30/2020

Fund Inception Date: 04/18/2001

Index Inception Date: 03/04/1957

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Fund Top Holdings

Subject to change.

Subject to change.

As of   07/31/2020
Name Weight
Apple Inc. 6.23 %
Microsoft Corporation 5.60 %
Amazon.com Inc. 4.76 %
Facebook Inc. Class A 2.19 %
Alphabet Inc. Class A 1.60 %
Alphabet Inc. Class C 1.56 %
Johnson & Johnson 1.38 %
Berkshire Hathaway Inc. Class B 1.37 %
Procter & Gamble Company 1.17 %
Visa Inc. Class A 1.16 %
Download All Holdings XLS

Fund Sector Allocation

As of  07/31/2020
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>07/31/2020</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>27.49</rawValue><value>27.49%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>14.6</rawValue><value>14.60%</value><label>Health Care</label><order>2</order></attribute><attribute><rawValue>11.17</rawValue><value>11.17%</value><label>Consumer Discretionary</label><order>3</order></attribute><attribute><rawValue>10.88</rawValue><value>10.88%</value><label>Communication Services</label><order>4</order></attribute><attribute><rawValue>9.89</rawValue><value>9.89%</value><label>Financials</label><order>5</order></attribute><attribute><rawValue>7.93</rawValue><value>7.93%</value><label>Industrials</label><order>6</order></attribute><attribute><rawValue>7.06</rawValue><value>7.06%</value><label>Consumer Staples</label><order>7</order></attribute><attribute><rawValue>3.12</rawValue><value>3.12%</value><label>Utilities</label><order>8</order></attribute><attribute><rawValue>2.79</rawValue><value>2.79%</value><label>Real Estate</label><order>9</order></attribute><attribute><rawValue>2.53</rawValue><value>2.53%</value><label>Materials</label><order>10</order></attribute><attribute><rawValue>2.53</rawValue><value>2.53%</value><label>Energy</label><order>11</order></attribute></attributes></component>

Unless otherwise noted all information contained herein is that of the State Street Equity 500 Index Fund - Administrative Shares

Intellectual Property Information: Standard & Poor's S&P 500® Index is a registered trademark of Standard & Poor's, a division of the McGraw-Hill Companies Inc. The S&P 500® Index is unmanaged and can not be invested in directly. Standard & Poor's is the owner of the trademarks, service marks and copyrights related to its indexes. The S&P 500® Index is an index of the common stock prices of 500 widely held U.S. stocks and includes reinvestment of dividends.

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 Amy Scofield Principal Show Bio

Amy is a Principal at State Street Global Advisors and a Portfolio Manager in the Global Equity Beta Solutions team. She is responsible for the management of various equity index funds, with domestic and international strategies.

Amy rejoined SSGA in November of 2010, after spending two years at Atlantic Trust Company, a Private Wealth Management firm. In her role there, she specialized in asset allocation and performance analysis for high net worth clients. Prior to Atlantic Trust Company, Amy was a Compliance Officer at SSGA, where she was responsible for ensuring equity portfolios met specified guidelines. She also worked as an Operations Associate in the International Structured Products Group. Amy graduated from Boston College with a Bachelor of Arts in Economics.

S&P 500 Index

The S&P 500® Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over 25 separate industry groups.

Important Risk Information

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.

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

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.

The Fund invests 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.