U.S. Small Cap Active Strategy


Investment Objective

Investment Objective

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

BENCHMARK: Russell 2000® Index


Investment Strategy

Investment Strategy

Equities of companies in the Russell 2000® Index; and may include other companies.

SSGA uses in-depth investment analysis to construct a portfolio with the potential to outperform the Index. SSGA considers factors such as relative valuations, the quality of a company's earnings, growth prospects, 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 current macroeconomic environment and responsive to changing conditions. SSGA seeks to outperform the Index by 400+ bps (on an annualized basis) over the long term, with a projected active risk* of 500 to 1000 bps.  There can of course be no assurance that any Portfolio will achieve that level of performance or will maintain that level of active risk.

Note:

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell 2000® Index is a trademark of Frank Russell Company.

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.