International Small Cap Active Strategy


Investment Objective

Investment Objective

Each Portfolio seeks to provide a total investment return in excess of the performance of its benchmark index (the "Index") over the long term. 

BENCHMARK: S&P® EPAC Small Cap Index


Investment Strategy

Investment Strategy

Equities of companies in the S&P® EPAC Small Cap Index; and may include other companies.

SSGA uses in-depth investment analysis to construct a portfolio with the potential to outperform the Index. In performing this analysis, SSGA considers factors such as relative valuations, the quality of a company's earnings, the company's balance sheet and cash flows, and investor sentiment. We also incorporate in our model an evaluation of the macroeconomic environment, to take into account prevailing market conditions. This process seeks to maintain a disciplined approach that is adaptive to the macroeconomic environment and responsive to changing conditions.

SSGA seeks to outperform the Index by 200 basis points (on an annualized basis) over the long term, with a projected active risk* of approximately 200-500 basis points. There can of course be no assurance that any Portfolio will achieve that level of performance or will maintain that level of active risk.  

The Strategy will typically focus its investments in a relatively limited number of stocks; however, the Strategy is normally broadly invested among various countries and industries.

Note:

The S&P® EPAC Small Cap 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"); 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) nor do they have any liability for any errors, omissions, or interruptions of the S&P® EPAC Small Cap Index.

There are risks involved with investing, including possible loss of principal. You should refer to the Strategy's Disclosure Document (SDD) for a complete description of the risks of investing in the Strategy. Please contact SSGA's relationship management team for a copy of the SDD.