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State Street Balanced Index Fund - Class K SSBIX

Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss.

The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in the debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income.

Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.

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.

$11.98
as of May 16 2024
Total Net Assets
$24.76 M
as of May 16 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.

1.13%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2025 (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, interest, taxes, extraordinary expenses, and distribution, and sub-transfer agency fees) exceed 0.05% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2025 except with approval of the Fund’s Board of Trustees.

0.05%
1 Day Nav Change
+$0.00 (+0.00%)

Key Features

With 60% of its assets, the State Street Balanced Index Fund seeks to track the performance of a benchmark that measures the investment return of the overall U.S. stock market. With 40% of its assets, the Fund seeks to track the performance of a benchmark that measures the U.S. dollar denominated investment grade fixed-rate taxable bond market.

About the Primary Benchmark

The S&P 500® Index is a gauge of large-cap U.S. equities and is composed of roughly five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over 25 separate industry groups.

About the Secondary Benchmark

The State Street Balanced Composite Index consists of two different indexes, and is designed to track the performance of two benchmark indexes in a 60%/40% split between equity and fixed-income. For the 60% equity allocation, the index seeks to track, before fees and expenses, the total return performance of the Dow Jones U.S. Total Stock Market Index, a member of the Dow Jones Total Stock Market Indices family, which is designed to measure all U.S. equity issues with readily available prices. For the 40% fixed income allocation, the index seeks to track, before fees and expenses, the total return performance of the Bloomberg U.S. Aggregate Bond Index, which is a benchmark that measures the performance of the U.S. dollar denominated investment grade bond market over the long term.

Fund Information as of May 18 2024

Primary Benchmark S&P 500 Index
Secondary Benchmark State Street Balanced Composite Index
Inception Date Oct 27 2023
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.

1.13%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2025 (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, interest, taxes, extraordinary expenses, and distribution, and sub-transfer agency fees) exceed 0.05% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2025 except with approval of the Fund’s Board of Trustees.

0.05%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Investment Solutions Group
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Listing Information as of May 18 2024

Exchange Listing Date Trading Currency Ticker CUSIP
NASDAQ REGULAR MARKET Oct 27 2023 USD SSBIX 85749T368

Fund Characteristics as of Apr 30 2024

Dividend Yield 1.43%
Number of Holdings 1,243
Weighted Average Market Cap $676,082.90 M

Yields as of May 17 2024

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.

2.10%
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.

1.59%

Fund Net Asset Value as of May 16 2024

NAV

NAV

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

$11.98
Shares Outstanding 2.07 M
Total Net Assets $24.76 M

Fund Performance

  • Fund Inception Date: Oct 27 2023

as of Apr 30 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 27 2023
Fund at NAV Apr 30 2024 -3.60% -3.60% 1.86% - - - - 15.70%
Primary Benchmark
S&P 500 Index
Apr 30 2024 -4.08% -4.08% 6.04% - - - - 23.25%
Secondary Benchmark
State Street Balanced Composite Index
Apr 30 2024 -3.66% -3.66% 1.85% - - - - 15.81%

as of Mar 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 27 2023
Fund at NAV Mar 31 2024 2.31% 5.66% 5.66% - - - - 20.02%
Primary Benchmark
S&P 500 Index
Mar 31 2024 3.22% 10.56% 10.56% - - - - 28.50%
Secondary Benchmark
State Street Balanced Composite Index
Mar 31 2024 2.35% 5.72% 5.72% - - - - 20.21%

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. All results are historical and assume the reinvestment of dividends and capital gains. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Gross Expense Ratio: 1.13%

Net Expense Ratio: 0.05%

Top Holdings

Subject to change.

Fund Top Holdings as of Apr 30 2024

Name Weight
State Street Aggregate Bond Index Portfolio 40.39%
Microsoft Corporation 3.53%
Apple Inc. 3.02%
NVIDIA Corporation 2.61%
Amazon.com Inc. 1.96%
Alphabet Inc. Class A 1.18%
Meta Platforms Inc Class A 1.16%
Alphabet Inc. Class C 0.99%
Berkshire Hathaway Inc. Class B 0.87%
Eli Lilly and Company 0.77%
Download All Holdings: Monthly

Asset Allocation

Fund Asset Allocation as of Apr 30 2024

Sector Weight
Equity 59.61%
Fixed Income 40.39%

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, 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: State Street Balanced Index 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

Unless otherwise noted all information contained herein is that of the State Street Balanced Index Fund - Class K

Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.