State Street Small/Mid Cap Equity Index Fund - Class I SSMLX

Important Risk Disclosure

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

Passively managed funds hold 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.

These investments may have difficulty in liquidating an investment position without taking a significant discount from current market value, which can be a significant problem with certain lightly traded securities.

Investments in small-sized, mid-sized and micro-cap companies may involve greater risks than in those of larger, better known companies.

Risk associated with equity investing include stock values which may fluctuate 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.

$371.08

as of Jun 17 2021

Total Net Assets

$16.22 M

as of Jun 17 2021

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%

Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2022, 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 and, with respect to the Portfolio, acquired fund fees) exceed  0.045% of the Fund's and 0.03% of the Portfolio's average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2022 except with approval of the Fund/Portfolio's Board of Trustees.

0.245%

1 Day Nav Change

-$1.16 (-0.31%)


Key Features

Key Features

The State Street Small/Mid Cap Equity Index Fund  seeks to provide investment results that, before expenses, correspond generally to the total return of an index that tracks the performance of mid to small capitalization exchange traded U.S. equity securities.


About this Benchmark

About this Benchmark

The Russell Small Cap Completeness® Index is a float-adjusted, market capitalization index which measures the performance of the Russell 3000® Index companies excluding S&P 500® constituents. The Index is constructed to provide a comprehensive and unbiased barometer of the extended broad market beyond the S&P 500 exposure. The Index is completely reconstituted annually.


Fund Information as of Jun 17 2021

Fund Information as of Jun 17 2021
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, 2022, 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 and, with respect to the Portfolio, acquired fund fees) exceed  0.045% of the Fund's and 0.03% of the Portfolio's average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2022 except with approval of the Fund/Portfolio's Board of Trustees.

Base Currency Investment Manager
Russell Small Cap Completeness Index Oct 15 2015 No 0.44% 0.245% USD SSGA Funds Management, Inc.
Benchmark Russell Small Cap Completeness Index
Inception Date Oct 15 2015
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.

0.44%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2022, 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 and, with respect to the Portfolio, acquired fund fees) exceed  0.045% of the Fund's and 0.03% of the Portfolio's average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2022 except with approval of the Fund/Portfolio's Board of Trustees.

0.245%
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 17 2021

Listing Information as of Jun 17 2021
Exchange Listing Date Trading Currency Ticker CUSIP
NASDAQ REGULAR MARKET Oct 16 2015 USD SSMLX 85749T509
Exchange NASDAQ REGULAR MARKET
Listing Date Oct 16 2015
Trading Currency USD
Ticker SSMLX
CUSIP 85749T509

Fund Characteristics as of May 31 2021

Fund Characteristics as of May 31 2021
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
0.89% 13.30% 2,559 3.12 20.55 $14,541.67 M
Dividend Yield 0.89%
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.

13.30%
Number of Holdings 2,559
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.

3.12
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.

20.55
Weighted Average Market Cap $14,541.67 M

Yields as of Jun 17 2021

Yields as of Jun 17 2021
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.

0.55% 0.40%
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.

0.55%
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.

0.40%

Fund Net Asset Value as of Jun 17 2021

Fund Net Asset Value as of Jun 17 2021
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
-0.31% -$1.16 $371.08 43,716 $16.22 M
Percent Change -0.31%
Price Change -$1.16
NAV

NAV

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

$371.08
Shares Outstanding 43,716
Total Net Assets $16.22 M

Fund Performance

Fund Performance

  • Fund Inception Date: Oct 15 2015

as of May 31 2021

as of Mar 31 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 15 2015
Fund at NAV May 31 2021 -0.58% 3.56% 11.05% 62.08% 17.42% 17.96% - 15.90%
Russell Small Cap Completeness Index May 31 2021 -0.57% 3.66% 11.20% 62.82% 17.75% 18.17% - 16.14%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 15 2015
Fund at NAV Mar 31 2021 -0.12% 7.23% 7.23% 96.64% 17.96% 17.94% - 15.68%
Russell Small Cap Completeness Index Mar 31 2021 -0.13% 7.27% 7.27% 97.64% 18.27% 18.14% - 15.91%

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 returns for periods of less than one year are not annualized.  Performance is shown net of fees.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.44%

Net Expense Ratio: 0.245%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of May 31 2021

Fund Top Holdings as of May 31 2021

Name Weight
Square Inc. Class A 1.13%
Uber Technologies Inc. 0.96%
Zoom Video Communications Inc. Class A 0.80%
Moderna Inc. 0.72%
Twilio Inc. Class A 0.66%
Workday Inc. Class A 0.56%
Veeva Systems Inc Class A 0.54%
Roku Inc. Class A 0.52%
Marvell Technology Inc. 0.51%
Lululemon Athletica Inc 0.50%
Download All Holdings: Monthly

Sector Allocation

Sector Allocation
Fund Sector Allocationas of May 31 2021

Fund Sector Allocation as of May 31 2021

Sector Weight
Technology 18.88%
Consumer Discretionary 15.81%
Industrials 15.50%
Health Care 14.82%
Financials 13.74%
Real Estate 8.00%
Basic Materials 3.23%
Consumer Staples 2.86%
Energy 2.49%
Utilities 2.36%
Telecommunications 2.23%
Unassigned 0.09%

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 Small/Mid Cap Equity Index Fund - Class I)

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 Small/Mid Cap Equity Index Fund - Class I. 

The Russell 1000® Index, Russell 2000® Index, Russell 3000® Index, and Russell Small Cap Completeness® Index are trademarks of Russell Investment Group and have been licensed for use by State Street Bank and Trust Company through its State Street Global Advisors Division. The Products are not sponsored, endorsed, sold or promoted by Russell Investment Group and Russell Investment Group makes no representation regarding the advisability of investing in the Product.