Considering the risks: A principal risk of investing in the Fund is the risk that the value of equity securities may decline. 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. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. These and other risk considerations are discussed in the Fund's prospectus and summary prospectus.
NAV
The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.
$86.97
as of Oct 22 2021
USD
$3,801.17 M
as of Sep 30 2021
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.
0.18%
-$0.34 (-0.39%)
as of Oct 22 2021
Fund Objective
Long-term growth of capital and future income rather than current income.
Investment Strategy
The Fund seeks to achieve its investment objectives by investing in equity securities of U.S. companies, such as common and preferred stocks. A U.S. company is a company that generates at least 50% of its revenues or profits from business activities in the U.S., has at least 50% of its assets situated in the U.S., or has the principal trading market for its securities in the U.S. The portfolio manager selects equity securities from a number of industries based on the merits of individual companies. In seeking to satisfy the Fund's investment objective with respect to future income, the portfolio manager will also consider companies that have the potential to pay dividends in the future. Stock selection is key to the performance of the Fund.
| Investment Style | Benchmark | Inception Date | 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. |
Base Currency | Investment Manager | Management Team |
|---|---|---|---|---|---|---|
| Large Cap Core | S&P 500 | May 27 1935 | 0.18% | USD | SSGA Funds Management, Inc. | Fundamental Equities |
| Investment Style | Large Cap Core |
| Benchmark | S&P 500 |
| Inception Date | May 27 1935 |
| 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. |
0.18% |
| Base Currency | USD |
| Investment Manager | SSGA Funds Management, Inc. |
| Management Team | Fundamental Equities |
| Distributor | Distribution Frequency | |||||
|---|---|---|---|---|---|---|
| State Street Global Advisors Funds Distributors, LLC | Annually |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Distribution Frequency | Annually |
Listing Information as of Oct 23 2021
| Exchange | Trading Currency | Listing Date | Ticker | CUSIP |
|---|---|---|---|---|
| NASDAQ REGULAR MARKET | USD | May 27 1935 | ELFNX | 286281100 |
| Exchange | NASDAQ REGULAR MARKET |
| Trading Currency | USD |
| Listing Date | May 27 1935 |
| Ticker | ELFNX |
| CUSIP | 286281100 |
| Number of Holdings | Med Market Cap ($M) | Weighted Average Market Cap ($M) | Price/Book Ratio Price/Book Ratio The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months. |
Price/Earnings Ratio FY1 Price/Earnings Ratio FY1 The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation. |
Dividend Yield (%) Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage. Index Dividend Yield The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage. |
Annual Portfolio Turnover (%) |
|---|---|---|---|---|---|---|
| 43 | 122,035.37 | 634,987.58 | 4.61 | 20.41 | 1.13 | 23.29 |
| Number of Holdings | 43 |
| Med Market Cap ($M) | 122,035.37 |
| Weighted Average Market Cap ($M) | 634,987.58 |
| Price/Book Ratio Price/Book Ratio The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months. |
4.61 |
| Price/Earnings Ratio FY1 Price/Earnings Ratio FY1 The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation. |
20.41 |
| Dividend Yield (%) Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage. Index Dividend Yield The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage. |
1.13 |
| Annual Portfolio Turnover (%) | 23.29 |
| Number of Holdings | Med Market Cap ($M) | Weighted Average Market Cap ($M) | Price/Book Ratio | Price/Earnings Ratio FY1 | Dividend Yield (%) | |
|---|---|---|---|---|---|---|
| 500 | 30,977.00 | 568,274.96 | 4.41 | 19.89 | 1.41 |
| Number of Holdings | 500 |
| Med Market Cap ($M) | 30,977.00 |
| Weighted Average Market Cap ($M) | 568,274.96 |
| Price/Book Ratio | 4.41 |
| Price/Earnings Ratio FY1 | 19.89 |
| Dividend Yield (%) | 1.41 |
| NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. |
Percent Change | Price Change | Offer Price | NAV 52 Week High | NAV 52 Week Low | |
|---|---|---|---|---|---|---|
| $86.97 | -0.39% | -$0.34 | $86.97 | $87.31(Oct 21 2021) | $66.96(Oct 28 2020) |
| NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. |
$86.97 |
| Percent Change | -0.39% |
| Price Change | -$0.34 |
| Offer Price | $86.97 |
| NAV 52 Week High | $87.31(Oct 21 2021) |
| NAV 52 Week Low | $66.96(Oct 28 2020) |
Fund Performance
as of Sep 30 2021
as of Sep 30 2021
| As Of | 1 Month | 3 Month | 6 Month | QTD | YTD | |
|---|---|---|---|---|---|---|
| Fund at NAV | Sep 30 2021 | -4.40% | -0.53% | 7.52% | -0.53% | 15.08% |
| S&P 500 | Sep 30 2021 | -4.65% | 0.58% | 9.18% | 0.58% | 15.92% |
| As Of | 1 Month | 3 Month | 6 Month | QTD | YTD | |
|---|---|---|---|---|---|---|
| Fund at NAV | Sep 30 2021 | -4.40% | -0.53% | 7.52% | -0.53% | 15.08% |
| S&P 500 | Sep 30 2021 | -4.65% | 0.58% | 9.18% | 0.58% | 15.92% |
as of Sep 30 2021
as of Sep 30 2021
| As Of | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception May 27 1935 |
|
|---|---|---|---|---|---|---|
| Fund at NAV | Sep 30 2021 | 30.09% | 18.95% | 18.80% | 18.05% | 12.34% |
| S&P 500 | Sep 30 2021 | 30.00% | 15.99% | 16.90% | 16.64% | 11.29% |
| As Of | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception May 27 1935 |
|
|---|---|---|---|---|---|---|
| Fund at NAV | Sep 30 2021 | 30.09% | 18.95% | 18.80% | 18.05% | 12.34% |
| S&P 500 | Sep 30 2021 | 30.00% | 15.99% | 16.90% | 16.64% | 11.29% |
as of Sep 30 2021
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Fund at NAV | 1.70% | 6.08% | 25.61% | -3.39% | 35.57% | 25.07% |
| S&P 500 | 1.38% | 11.96% | 21.83% | -4.38% | 31.49% | 18.40% |
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: 0.18%
| Risk Factor | 3 Years | 5 Years |
|---|---|---|
| Alpha | 2.53% | 1.72% |
| Beta | 1.00 | 0.99 |
| Std Deviation | 18.92% | 15.42% |
| Information Ratio | 1.04 | 0.60 |
| R-squared | 97.76% | 95.73% |
| Sharpe Ratio | 0.94 | 1.14 |
| Tracking Error | 2.83% | 3.19% |
| Risk Factor | 3 Years | 5 Years |
|---|---|---|
| Alpha | 2.53% | 1.72% |
| Beta | 1.00 | 0.99 |
| Std Deviation | 18.92% | 15.42% |
| Information Ratio | 1.04 | 0.60 |
| R-squared | 97.76% | 95.73% |
| Sharpe Ratio | 0.94 | 1.14 |
| Tracking Error | 2.83% | 3.19% |
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.
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.
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.
| Name | Weight |
|---|---|
| ALPHABET INC | 7.57% |
| MICROSOFT CORPORATION | 6.64% |
| AMAZON.COM INC | 5.00% |
| APPLE INC | 4.68% |
| JPMORGAN CHASE & CO | 4.51% |
| FACEBOOK INC | 4.28% |
| VISA INC | 3.07% |
| UNITEDHEALTH GROUP INC | 2.80% |
| LOWES COMPANIES INC | 2.79% |
| QUALCOMM INCORPORATED | 2.52% |
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.
Fund Footnotes
S&P 500® (S&P 500) Index is an unmanaged, market capitalization-weighted index of 500 widely held U.S. stocks recognized by investors to be representative of the stock market in general. Standard & Poor's and S&P 500 are trademarks of the Standard & Poor's Financial Services LLC ("S&P").
