State Street Equity 500 Index Fund - Class R Shares SSFRX

Important Risk Disclosure

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

The Fund invests by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

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

NAV

NAV

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

$288.64

as of Jun 29 2022

Total Net Assets

$28.72 M

as of Jun 29 2022

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.

0.72%

Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2023, separately with respect to each of the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund or the Portfolio, and/or (ii) to reimburse the Fund or the Portfolio to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed  0.02%  of the Fund's or the Portfolio's average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2023 except with approval of the Fund/Portfolio's Board of Trustees.

0.62%

1 Day Nav Change

-$0.19 (-0.07%)


Key Features

Key Features

The investment objective of the State Street Equity 500 Index Fund is to replicate as closely as possible, before expenses, the performance of the Standard & Poor's 500 Index.


About this Benchmark

About this 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.


Fund Information as of Jun 30 2022

Fund Information as of Jun 30 2022
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 April 30, 2023, separately with respect to each of the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund or the Portfolio, and/or (ii) to reimburse the Fund or the Portfolio to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed  0.02%  of the Fund's or the Portfolio's average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2023 except with approval of the Fund/Portfolio's Board of Trustees.

Base Currency Investment Manager
S&P 500 Index Jun 07 2005 No 0.72% 0.62% USD SSGA Funds Management, Inc.
Benchmark S&P 500 Index
Inception Date Jun 07 2005
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.

0.72%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2023, separately with respect to each of the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund or the Portfolio, and/or (ii) to reimburse the Fund or the Portfolio to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed  0.02%  of the Fund's or the Portfolio's average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2023 except with approval of the Fund/Portfolio's Board of Trustees.

0.62%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Distributor Distribution Frequency
Global Equity Beta Solutions State Street Global Advisors Funds Distributors, LLC Annually
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Listing Information as of Jun 30 2022

Listing Information as of Jun 30 2022
Exchange Listing Date Trading Currency Ticker CUSIP
NASDAQ REGULAR MARKET Aug 01 2014 USD SSFRX 85749T806
Exchange NASDAQ REGULAR MARKET
Listing Date Aug 01 2014
Trading Currency USD
Ticker SSFRX
CUSIP 85749T806

Fund Characteristics as of May 31 2022

Fund Characteristics as of May 31 2022
Dividend Yield 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
1.55% 18.78% 507 3.83 18.20 $517,770.28 M
Dividend Yield 1.55%
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.

18.78%
Number of Holdings 507
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.

3.83
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.

18.20
Weighted Average Market Cap $517,770.28 M

Yields as of Jun 29 2022

Yields as of Jun 29 2022
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.

0.94% 0.76%
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.

0.94%
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.

0.76%

Fund Net Asset Value as of Jun 29 2022

Fund Net Asset Value as of Jun 29 2022
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
$288.64 99,485 $28.72 M
NAV

NAV

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

$288.64
Shares Outstanding 99,485
Total Net Assets $28.72 M

Fund Performance

Fund Performance

  • Fund Inception Date: Jun 07 2005
  • Performance Inception Date: Apr 18 2001

as of May 31 2022

as of Mar 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 18 2001
Fund at NAV May 31 2022 0.17% -8.62% -12.95% -0.93% 15.62% 12.62% 13.60% 7.42%
S&P 500 Index May 31 2022 0.18% -8.55% -12.76% -0.30% 16.44% 13.38% 14.40% 7.96%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 18 2001
Fund at NAV Mar 31 2022 3.66% -4.75% -4.75% 14.87% 18.08% 15.19% 13.84% 7.95%
S&P 500 Index Mar 31 2022 3.71% -4.60% -4.60% 15.65% 18.92% 15.99% 14.64% 8.49%

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.

NAV Performance shown for the periods prior to the inception of Class R shares on June 7, 2005 reflects the historical performance of the fund’s Administrative Shares adjusted to reflect the higher expenses of Class R shares, estimated for their first year of operations, including applicable 12b-1 fees.

Gross Expense Ratio: 0.72%

Net Expense Ratio: 0.62%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of May 31 2022

Fund Top Holdings as of May 31 2022

Name Weight
Apple Inc. 6.40%
Microsoft Corporation 5.65%
Amazon.com Inc. 2.92%
Alphabet Inc. Class A 1.90%
Tesla Inc 1.76%
Alphabet Inc. Class C 1.75%
Berkshire Hathaway Inc. Class B 1.60%
Johnson & Johnson 1.31%
UnitedHealth Group Incorporated 1.30%
NVIDIA Corporation 1.29%
Download All Holdings: Monthly

Sector Allocation

Sector Allocation
Fund Sector Allocationas of May 31 2022

Fund Sector Allocation as of May 31 2022

Sector Weight
Information Technology 27.10%
Health Care 14.37%
Financials 11.23%
Consumer Discretionary 10.88%
Communication Services 8.81%
Industrials 7.76%
Consumer Staples 6.51%
Energy 4.81%
Utilities 2.99%
Materials 2.79%
Real Estate 2.77%

Purchase Information

Purchase Information

Minimum Investments

Initial $25,000,000.00

Initial AIP $100.00

Additional AIP $100.00

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 Equity 500 Index Fund - Class R Shares)

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 Equity 500 Index Fund - Class R Shares

Intellectual Property Information: Standard & Poor's S&P 500® Index is a registered trademark of Standard & Poor's, a division of the McGraw-Hill Companies Inc. The S&P 500® Index is unmanaged and can not be invested in directly. Standard & Poor's is the owner of the trademarks, service marks and copyrights related to its indexes. The S&P 500® Index is an index of the common stock prices of 500 widely held U.S. stocks and includes reinvestment of dividends.