State Street S&P 500 Index Fund - Class N
Fund Objective
The State Street S&P 500® Index Fund seeks to replicate the total return of the S&P 500® Index.
Fund Information
| Ticker Symbol | SVSPX | |
| Primary Benchmark | S&P 500 Index | |
| CUSIP | 784924888 | |
| Options Available | No | |
| Gross Expense Ratio | 0.18% | |
| Net Expense Ratio |
^The Fund's investment adviser, SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM"), is contractually obligated until December 31, 2019 (i) to waive up to the full amount of the advisory fee payable by the Fund, and/or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses exceed 0.157% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2019 except with the approval of the Fund's Board of Trustees. SSGA FM has contractually agreed to waive 0.01% of its administration fee. This waiver may not be terminated or modified except with the approval of the Fund's Board of Trustees. |
0.16% |
| Inception Date | 12/30/1992 | |
| Investment Manager | SSGA Funds Management, Inc. | |
| Management Team | Global Equity Beta Solutions | |
| Distributor | State Street Global Advisors Funds Distributors, LLC | |
| Distribution Frequency | Quarterly | |
| Exchange | NASDAQ REGULAR MARKET |
Fund Characteristics
| Dividend Yield | 1.94% | |
| Est. 3-5 Year EPS Growth | 14.28% | |
| Number of Holdings | 507 | |
| Price/Book Ratio | 3.31 | |
| Price/Earnings Ratio FY1 | 18.70 | |
| Weighted Average Market Cap | $263,053.28 M |
Yields
| 30 Day SEC Yield | 1.70% | |
| 30 Day SEC Yield (Unsubsidized) | 1.68% |
Fund Net Asset Value
| NAV | $39.13 | |
| Percent Change | 0.13% | |
| Price Change | $0.05 | |
| Shares Outstanding | 41.48 M | |
| Total Net Assets | $1,623.07 M |
Fund Documents
Fund Performance
|
NAV Month End As of 10/31/2019 |
NAV Quarter End As of 09/30/2019 |
|
| 1 Month | 2.16% | 1.87% |
| QTD | 2.16% | 1.62% |
| YTD | 22.98% | 20.38% |
| 1 Year | 14.09% | 4.05% |
| 3 Year | 14.70% | 13.18% |
| 5 Year | 10.60% | 10.65% |
| 10 Year | 13.52% | 13.07% |
| Inception |
9.48% | 9.42% |
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 $10,000.00
Additional $100.00
Initial IRA $250.00
Additional IRA $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: SSGA (State Street S&P 500 Index Fund - Class N)
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 12/30/1992 |
|
| Month End | |||||||||
| Fund at NAV | 10/31/2019 | 2.16% | 2.16% | 22.98% | 14.09% | 14.70% | 10.60% | 13.52% | 9.48% |
| S&P 500 Index | 10/31/2019 | 2.17% | 2.17% | 23.16% | 14.33% | 14.91% | 10.78% | 13.70% | 9.67% |
| Quarter End | |||||||||
| Fund at NAV | 09/30/2019 | 1.87% | 1.62% | 20.38% | 4.05% | 13.18% | 10.65% | 13.07% | 9.42% |
| S&P 500 Index | 09/30/2019 | 1.87% | 1.70% | 20.55% | 4.25% | 13.39% | 10.84% | 13.24% | 9.61% |
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: 0.18%
Net Expense Ratio: 0.16%
Performance Graphs
Quarter End as of 09/30/2019
Fund Inception Date: 12/30/1992
Index Inception Date: 03/04/1957
Fund Top Holdings
| Name | Weight |
|---|---|
| Microsoft Corporation | 4.34 % |
| Apple Inc. | 4.19 % |
| Amazon.com Inc. | 2.93 % |
| Facebook Inc. Class A | 1.82 % |
| Berkshire Hathaway Inc. Class B | 1.65 % |
| JPMorgan Chase & Co. | 1.58 % |
| Alphabet Inc. Class C | 1.51 % |
| Alphabet Inc. Class A | 1.49 % |
| Johnson & Johnson | 1.38 % |
| Procter & Gamble Company | 1.24 % |
Fund Sector Allocation
Fund Documents
Unless otherwise noted all information contained herein is that of the State Street S&P 500 Index Fund - Class N.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by SSGA. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a division of S&P Global; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). SSGA's investment products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) not do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.
Prior to 10/12/2018, the State Street S&P 500 Index Fund - Class N was known as the SSGA S&P 500 Index Fund - Class N.
Global Equity Beta Solutions
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.
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.
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.