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State Street Small/Mid Cap Equity Index Fund - Class K SSMKX

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

Passively managed funds invest 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.

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.

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.

$271.56
as of Jun 13 2024
Total Net Assets
$525.38 M
as of Jun 13 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.

0.156%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2025, 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 0.045% of the Fund’s and 0.03% of the Portfolio’s average daily net assets on an annual basis (for avoidance of doubt, the waiver and/or reimbursement is inclusive of the allocation of expenses from the Portfolio). This waiver and/or reimbursement may not be terminated prior to April 30, 2025 except with approval of the Fund/Portfolio’s Board of Trustees.

0.045%
1 Day Nav Change
-$2.74 (-1.00%)

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

The Russell Small Cap Completeness® Index measures the performance of the Russell 3000® Index companies excluding S&P 500 constituents.  The Russell Small Cap Completeness® 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 to ensure new and growing equities are included.

Fund Information as of Jun 14 2024

Benchmark Russell Small Cap Completeness Index
Inception Date Aug 11 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.

0.156%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2025, 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 0.045% of the Fund’s and 0.03% of the Portfolio’s average daily net assets on an annual basis (for avoidance of doubt, the waiver and/or reimbursement is inclusive of the allocation of expenses from the Portfolio). This waiver and/or reimbursement may not be terminated prior to April 30, 2025 except with approval of the Fund/Portfolio’s Board of Trustees.

0.045%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Listing Information as of Jun 14 2024

Exchange Listing Date Trading Currency Ticker CUSIP
NASDAQ REGULAR MARKET Aug 11 2015 USD SSMKX 85749T400

Fund Characteristics as of May 31 2024

Dividend Yield 1.30%
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.

16.61%
Number of Holdings 2,426
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.

2.42
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.

18.03
Weighted Average Market Cap $13,729.76 M

Yields as of Jun 13 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.

1.23%
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.

1.13%

Fund Net Asset Value as of Jun 13 2024

Percent Change -1.00%
Price Change -$2.74
NAV

NAV

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

$271.56
Shares Outstanding 1.93 M
Total Net Assets $525.38 M

Fund Performance

  • Fund Inception Date: Aug 11 2015

as of May 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Aug 11 2015
Fund at NAV May 31 2024 3.45% -3.19% 3.82% 24.80% -0.65% 10.56% - 9.13%
Benchmark
Russell Small Cap Completeness Index
May 31 2024 3.44% -3.19% 3.80% 24.49% -0.75% 10.57% - 9.18%

as of Mar 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Aug 11 2015
Fund at NAV Mar 31 2024 3.35% 7.24% 7.24% 26.72% 1.62% 10.47% - 9.72%
Benchmark
Russell Small Cap Completeness Index
Mar 31 2024 3.35% 7.22% 7.22% 26.39% 1.54% 10.51% - 9.78%

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: 0.156%

Net Expense Ratio: 0.045%

Top Holdings

Subject to change.

Fund Top Holdings as of May 31 2024

Name Weight
KKR & Co Inc 1.04%
CrowdStrike Holdings Inc. Class A 1.02%
Apollo Global Management Inc 0.92%
Marvell Technology Inc. 0.89%
Snowflake Inc. Class A 0.65%
Workday Inc. Class A 0.65%
Ferguson Plc 0.64%
Palantir Technologies Inc. Class A 0.64%
Spotify Technology SA 0.63%
Trade Desk Inc. Class A 0.62%
Download All Holdings: Monthly

Sector Allocation

Fund Sector Allocation as of May 31 2024

Sector Weight
Industrials 19.37%
Technology 18.42%
Financials 16.92%
Consumer Discretionary 14.24%
Health Care 10.75%
Real Estate 5.42%
Energy 5.27%
Basic Materials 3.50%
Consumer Staples 2.52%
Utilities 2.01%
Telecommunications 1.07%
Unassigned 0.49%

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: SSGA (State Street Small/Mid Cap Equity 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 Small/Mid Cap Equity Index Fund - Class K 

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.