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Elfun International Equity Fund EGLBX

Considering the risks: A principal risk of investing in the Fund is the risk that the value of equity securities may decline. Special risks are associated with investing in foreign securities, including currency fluctuations, economic instability and political developments. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. While stocks have historically outperformed other asset classes over the long term, they tend to fluctuate over the short term as a result of factors affecting the individual companies, industries or the securities market as a whole. These and other risk considerations are discussed in the Fund's prospectus and summary prospectus.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

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

$26.79
as of May 24 2024
Base Currency
USD
Assets Under Management
$173.03 M
as of Apr 30 2024
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.

0.44%
1 Day Nav Change
+$0.16 (0.60%)
as of May 24 2024

Fund Objective

The Elfun International Equity Fund seeks long-term growth of capital and future income by investing principally in foreign securities consistent with prudent investment management and the preservation of capital.

Investment Strategy

The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets under normal circumstances in equity securities, such as common and preferred stocks. The Fund invests primarily (generally at least 65%) in companies located outside the U.S. if at least 50% of its revenues or profits are from business activities located outside the U.S., at least 50% of its assets are located outside the U.S., or the principal trading market for its securities is located outside the U.S. The portfolio managers focus on companies whose security prices it believes do not fully reflect their potential for growth.

Fund Information as of May 25 2024

Investment Style Large Cap Core
Benchmark MSCI EAFE Index
Inception Date Jan 01 1988
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.

0.44%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Fundamental Equities
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Investment Team

Michael J Solecki, CFA

CIO, Fundamental Equity

Listing Information as of May 25 2024

Exchange Trading Currency Listing Date Ticker CUSIP
NASDAQ REGULAR MARKET USD Jan 01 1988 EGLBX 286272109

Fund Characteristics as of Apr 30 2024

Number of Holdings 54
Med Market Cap ($M) 55,761.58
Weighted Average Market Cap ($M) 107,533.54
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.

2.50
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.

16.35
Dividend Yield (%)

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

2.42
Annual Portfolio Turnover (%) 12.08

Index Characteristics as of Apr 30 2024

Number of Holdings 754
Med Market Cap ($M) 13,617.89
Weighted Average Market Cap ($M) 96,636.39
Price/Book Ratio 1.88
Price/Earnings Ratio FY1 13.26
Dividend Yield (%) 3.04

Fund Net Asset Value as of May 24 2024

NAV

NAV

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

$26.79
Percent Change 0.60%
Price Change $0.16
Offer Price $26.79
NAV 52 Week High $26.96(May 20 2024)
NAV 52 Week Low $21.36(Oct 27 2023)

Fund Performance

  • Fund Inception Date: Jan 01 1988

as of Apr 30 2024

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 01 1988
Fund at NAV Apr 30 2024 8.87% 2.15% 7.05% 4.71% 7.20%
Benchmark
MSCI EAFE Index
Apr 30 2024 9.28% 2.86% 6.18% 4.37% 5.37%

as of Mar 31 2024

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 01 1988
Fund at NAV Mar 31 2024 14.98% 4.32% 8.55% 4.97% 7.29%
Benchmark
MSCI EAFE Index
Mar 31 2024 15.32% 4.78% 7.33% 4.80% 5.46%

as of Apr 30 2024

As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Apr 30 2024 -2.75% 1.50% 18.44% -2.75% 1.37%
Benchmark
MSCI EAFE Index
Apr 30 2024 -2.56% 2.49% 18.63% -2.56% 3.08%

as of Mar 31 2024

As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Mar 31 2024 2.58% 4.24% 16.46% 4.24% 4.24%
Benchmark
MSCI EAFE Index
Mar 31 2024 3.29% 5.78% 16.81% 5.78% 5.78%

as of Apr 30 2024

2018 2019 2020 2021 2022 2023
Fund at NAV -16.33% 30.14% 13.31% 9.05% -16.11% 20.35%
Benchmark
MSCI EAFE Index
-13.79% 22.01% 7.82% 11.26% -14.45% 18.24%

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. Upon redemption, shares may be worth more or less than the original cost. The current performance may be higher or lower than the quoted performance. To view SEC standardized performance select the most recent quarterly period ending March, June, September or December. All other periods shown are non-standardized performance and are not valid without SEC standardized performance.

On July 1, 2016 State Street Corporation, the parent company of SSGA Funds Management, Inc., and State Street Global Markets, LLC acquired the asset management and advisory services business of GE Asset Management, Incorporated, the former investment adviser to the Fund. As of that date, SSGA Funds Management, Inc. became the investment adviser to the Fund and State Street Global Markets, LLC became the distributor for the Fund. Effective May 1, 2017, State Street Global Markets, LLC was renamed State Street Global Advisors Funds Distributors, LLC. Any information, data or performance provided prior to that date is that of GE Asset Management, Incorporated.

The list of holdings should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

The returns of each index shown do not include the effect of management fees, sales charges, operating expenses of a fund or other account, or taxes. The returns of the index are unmanaged and do not reflect the actual cost of investing in the instruments that comprise it. You cannot invest directly in an index.

Gross Expense Ratio: 0.44%

Risk Analysis

as of Apr 30 2024
as of Mar 31 2024

Month End as of Apr 30 2024

Risk Factor 3 Years 5 Years
Alpha -0.71% 0.60%
Beta 1.11 1.05
Std Deviation 18.84% 19.12%
Information Ratio -0.19 0.25
R-squared 96.83% 96.91%
Sharpe Ratio -0.03 0.27
Tracking Error 3.85% 3.51%

Quarter End as of Mar 31 2024

Risk Factor 3 Years 5 Years
Alpha -0.69% 0.85%
Beta 1.11 1.05
Std Deviation 18.84% 19.12%
Information Ratio -0.12 0.34
R-squared 96.82% 96.83%
Sharpe Ratio 0.09 0.35
Tracking Error 3.87% 3.56%

The risk statistics are calculated against the fund's primary benchmark.

Risk Measures - Alpha, Beta and R-Squared are calculated against the noted benchmark. Annualized standard deviation and Sharpe Ratio are not calculated against a benchmark.

Alpha - Measures a manager's contribution to performance due to security selection or market timing relative to the index.

Beta - Measures the portfolio's sensitivity to market movements in the index.

R-Squared - A measure that indicates the extent to which fluctuations in portfolio returns are correlated with those of the index.

Standard Deviation - A measure of total risk. It measures the degree to which a fund's quarterly returns vary from the mean of the fund's quarterly returns over the period measured.

Sharpe Ratio -A measure that uses standard deviation and excess return to determine reward per unit of risk.

Top Holdings

The top ten holdings do not include money market instruments and/or futures contracts. Depositary receipts are normally combined with the underlying security. The securities cited may not represent the Fund's current or future holdings and should not be construed as a recommendation to purchase or sell a particular security. The figures presented do not include the Fund's entire investment portfolio and may change at any time.

Fund Top Holdings as of Apr 30 2024

Name Weight
ASTRAZENECA PLC 3.59%
ASML HOLDING NV 3.42%
SCHNEIDER ELECTRIC SE 3.14%
LVMH MOET HENNESSY LOUIS VUITTON SE 3.09%
NOVARTIS AG 2.98%
SAP SE 2.82%
TOKIO MARINE HOLDINGS INC 2.73%
NESTLE SA 2.61%
L AIR LIQUIDE SA POUR L ETUDE ET L EXPLO DES PROCEDES GEORGES CLAUDE SA 2.56%
MITSUBISHI UFJ FINANCIAL GROUP INC 2.52%

Sector Allocation

as of Apr 30 2024
as of Apr 30 2024

Fund Sector Allocation as of Apr 30 2024

Sector Weight
Industrials 21.35%
Financials 20.06%
Health Care 12.35%
Information Technology 12.35%
Consumer Discretionary 9.69%
Materials 7.47%
Consumer Staples 6.89%
Communication Services 3.52%
Energy 2.77%
Cash Equivalents & Other 1.47%
Utilities 1.26%
Accrued Income 0.82%

Index Sector Allocation as of Apr 30 2024

Sector Weight
Industrials 16.99%
Financials 19.44%
Health Care 12.97%
Information Technology 8.94%
Consumer Discretionary 12.03%
Materials 7.27%
Consumer Staples 8.62%
Communication Services 3.90%
Energy 4.37%
Cash Equivalents & Other 0.00%
Utilities 3.18%
Accrued Income 0.00%

Geographical Weights

The securities information regarding holdings, allocations and other characteristics are presented to illustrate examples of securities that have been bought and the diversity of areas in which we may invest as of a particular date. It may not be representative of the portfolio's current or future investments and should not be construed as a recommendation to purchase or sell a particular security.

"Cash Equivalents" includes an investment in the State Street Institutional Government Money Market Fund. "Other" includes accruals. As of 07/01/2016 State Street Global Advisors is the Investment Advisor of the Fund. SSGA Funds Management, Inc. serves as the investment advisor of the State Street Institutional Government Money Market Fund.

MSCI EAFE Index is an unmanaged, free float-adjusted, market capitalization index that is designed to measure developed market equity performance, excluding the U.S. and Canada.

The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)