U.S. Small Cap Enhanced 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 which we believe has 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 current macroeconomic environment and responsive to changing conditions.  SSGA seeks to outperform the Index by 150 to 200 basis points (on an annualized basis) over the long term, with a projected active risk* of approximately 50 to 300 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.

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.