State Street Defensive Emerging Markets Equity Fund - Class K SSEQX

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$5.73

as of Oct 26 2020

Base Currency

USD

Total Net Assets

$764,650.69

as of Oct 26 2020

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.

1.51%

Net Expense Ratio

^The Fund's investment adviser, SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM"), is contractually obligated until December 31, 2020 (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 (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 1.00% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2020 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 and shall continue until at least December 31, 2020.

1.00%

1 Day Nav Change

-$0.04 (-0.69%)


Key Features

Key Features

The State Street Defensive Emerging Markets Equity Fund seeks to provide maximum total return, primarily through capital appreciation, by investing primarily in securities of foreign issuers.


Fund Information as of Oct 26 2020

Fund Information as of Oct 26 2020
Benchmark Inception Date Options Available 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. (the "Adviser" or "SSGA FM"), is contractually obligated until December 31, 2020 (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 (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 1.00% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2020 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 and shall continue until at least December 31, 2020.

Base Currency Investment Manager
MSCI Emerging Market Index Jul 07 2014 No 1.51% 1.00% USD SSGA Funds Management, Inc.
Benchmark MSCI Emerging Market Index
Inception Date Jul 07 2014
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.

1.51%
Net Expense Ratio

^The Fund's investment adviser, SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM"), is contractually obligated until December 31, 2020 (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 (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 1.00% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2020 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 and shall continue until at least December 31, 2020.

1.00%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Distributor Distribution Frequency
Active Quantitative Equities State Street Global Advisors Funds Distributors, LLC Annually
Management Team Active Quantitative Equities
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Listing Information as of Oct 26 2020

Listing Information as of Oct 26 2020
Exchange Listing Date Trading Currency Ticker CUSIP
NASDAQ REGULAR MARKET Jul 07 2014 USD SSEQX 784924284
Exchange NASDAQ REGULAR MARKET
Listing Date Jul 07 2014
Trading Currency USD
Ticker SSEQX
CUSIP 784924284

Fund Characteristics as of Sep 30 2020

Fund Characteristics as of Sep 30 2020
Active Share

Active Share measures the degree of overlap between the underlying holdings of the Fund against the underlying holdings in the fund's benchmark. A Fund's underlying holdings identical to its benchmark would have an active share of 0.00%, whereas, the more the underlying holdings are different from the benchmark, the larger the active share will be with a maximum of 100%.

Dividend Yield

Dividend Yield measures the weighted average of gross dividend yield of stocks in the fund.

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 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
83.49% 4.55% 9.56% 133 1.35 11.81 $42,045.26 M
Active Share

Active Share measures the degree of overlap between the underlying holdings of the Fund against the underlying holdings in the fund's benchmark. A Fund's underlying holdings identical to its benchmark would have an active share of 0.00%, whereas, the more the underlying holdings are different from the benchmark, the larger the active share will be with a maximum of 100%.

83.49%
Dividend Yield

Dividend Yield measures the weighted average of gross dividend yield of stocks in the fund.

4.55%
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.

9.56%
Number of Holdings 133
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.

1.35
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.

11.81
Weighted Average Market Cap $42,045.26 M

Yields as of Oct 26 2020

Yields as of Oct 26 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.

2.85% 2.37%
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.

2.85%
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.

2.37%

Fund Net Asset Value as of Oct 26 2020

Fund Net Asset Value as of Oct 26 2020
Percent Change Price Change NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

Shares Outstanding Total Net Assets
-0.69% -$0.04 $5.73 133,380 $764,650.69
Percent Change -0.69%
Price Change -$0.04
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$5.73
Shares Outstanding 133,380
Total Net Assets $764,650.69

Fund Performance

Fund Performance

  • Fund Inception Date: Jul 07 2014
  • Performance Inception Date: Mar 01 1994

as of Sep 30 2020

as of Sep 30 2020

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mar 01 1994
Fund at NAV Sep 30 2020 0.36% 7.07% -7.44% -0.78% -1.89% 3.06% -0.76% 5.03%
MSCI Emerging Market Index Sep 30 2020 -1.60% 9.56% -1.16% 10.54% 2.42% 8.97% 2.50% 5.10%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mar 01 1994
Fund at NAV Sep 30 2020 0.36% 7.07% -7.44% -0.78% -1.89% 3.06% -0.76% 5.03%
MSCI Emerging Market Index Sep 30 2020 -1.60% 9.56% -1.16% 10.54% 2.42% 8.97% 2.50% 5.10%

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.

Performance shown for the periods prior to the inception of Class K shares on July 7, 2014, reflect the historical performance of the fund’s Class N shares.  Had the fund’s Class K fees been reflected, the returns shown for those periods would have been higher.

Gross Expense Ratio: 1.51%

Net Expense Ratio: 1.00%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Sep 30 2020

Fund Top Holdings as of Sep 30 2020

Name Weight
Taiwan Semiconductor Manufacturing Co. Ltd. 3.08%
HCL Technologies Limited 3.06%
KT & G Corporation 2.78%
First Financial Holding Co. Ltd. 2.62%
O2 Czech Republic a.s. 2.52%
Infosys Limited 2.43%
Hengan International Group Co. Ltd. 2.37%
China Construction Bank Corporation Class H 2.26%
CTBC Financial Holding Company Ltd. 2.08%
ALROSA PJSC 2.04%
Download All Holdings: Monthly

Sector Allocation

Sector Allocation
Fund Sector Allocationas of Sep 30 2020

Fund Sector Allocation as of Sep 30 2020

Sector Weight
Information Technology 21.47%
Financials 15.58%
Communication Services 12.86%
Consumer Staples 10.26%
Industrials 8.42%
Utilities 8.23%
Consumer Discretionary 6.79%
Materials 5.74%
Energy 5.37%
Real Estate 3.04%
Health Care 2.24%

Geographical Breakdown

Geographical Breakdown

Purchase Information

Purchase Information

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 Defensive Emerging Markets Equity Fund - Class K)

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


Fund Footnotes

Unless otherwise noted all information contained herein is that of the State Street Defensive Emerging Markets Equity Fund - Class K.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.  The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

The MSCI Emerging Markets Index is comprised of 26 countries. MSCI targets to capture 85% of free float-adjusted companies within each industry group in every country. Designation as an emerging market is determined by a number of factors, such as gross domestic product per capita; local government regulations; perceived investment risk; foreign ownership limits and capital controls; or the general perception by the investment community when determining an "emerging" classification of a market. The index is unmanaged and may not be invested in directly.

Prior to 1/22/2019, the State Street Defensive Emerging Markets Equity Fund - Class K was known as the State Street Disciplined Emerging Markets Equity Fund - Class K.