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Address And Details

One Lincoln Street , Boston, MA 02110
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The State Street Small/Mid Cap Equity Index Fund (the Small/Mid Cap Equity Index Fund or the 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. The Fund uses a passive management strategy designed to track the performance of the Russell Small Cap Completeness Index (the Index). The 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 to ensure new and growing equities are included. As of February 29, 2020, the market capitalization of the companies included in the Index ranged from $18.16 million to $122.17 billion. As of February 29, 2020, the Index comprised 2,542 securities. As of February 29, 2020, a significant portion of the Index comprised companies in the financial services, consumer discretionary, and technology sectors, although this may change from time to time. The Fund is not managed according to traditional methods of active investment management, which involve the buying and selling of securities based upon economic, financial and market analysis and investment judgment. Instead, the Fund, using a passive or indexing investment approach, seeks to provide investment results that, before expenses, correspond generally to the total return of the Index. The Fund generally intends to invest in all stocks comprising the Index in approximate proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all stocks in those weightings. In those circumstances, the Fund may purchase a sample of the stocks in the Index in proportions expected by SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund, to match generally the performance of the Index as a whole. In addition, from time to time stocks are added to or removed from the Index. The Fund may sell securities that are represented in the Index, or purchase securities that are not yet represented in the Index, in anticipation of their removal from or addition to the Index. Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings, if any) in stocks in the Index. The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in this 80% investment policy. The notional value of the Fund's investments in derivatives or other synthetic instruments that provide exposures comparable, in the judgment of the Adviser, to investments in the Index may be counted toward satisfaction of this 80% policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).

Net Asset Value

as of 5:38 PM ET 05/23/2022

Performance

  • 1 Week
  • +0.54%
  • 1 Month
  • -8.85%
  • 3 Months
  • -9.42%
  • 1 Yr Return
  • -27.21%
  • 5 Yr Return
  • +16.47%

Equity Sector Breakdown

Technology 23.37%
Finance 18.80%
IndustrialCyclical 11.02%
Health 8.27%
RetailTrade 8.01%
Services 6.55%
NonDurables 6.28%
ConsumerDurables 2.47%
Utilities 2.34%
Energy 1.48%

Asset Allocation

Asset Type % Of Allocation
Stocks 98.77%
ForeignStocks 1.83%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 11.66 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -6.28 -5.35 n/a
Beta 1.22 1.20 n/a
R Squared 0.85 0.85 n/a
Std Deviation 24.79 21.46 n/a
Sharpe Ratio 0.46 0.50 n/a

Purchase Information

as of 5:46 PM ET 05/20/2022
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -18.20%
  • -4.88%
-18.20% -4.88%
3 Year
  • +8.65%
  • +14.11%
+8.65% +14.11%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +10.21%
  • +12.25%
+10.21% +12.25%

Top 10 Holdings

Symbol Company Name % Of Assets
SHRT TOTAL*SHORT TERM INVESTMENTS 5.12%
BX BLACKSTONE GROUP INC 1.12%
GSM FERROGLOBE REPRESENTATION 0.00%
MRVL MARVELL TECHNOLOGY INC 0.91%
UBER UBER TECHNOLOGIES INC 0.86%
SNOW SNOWFLAKE INC 0.86%
SQ SQUARE INC 0.82%
PANW PALO ALTO NETWORKS INC 0.68%
TEAM ATLASSIAN CORPORATION PLC 0.68%
WDAY WORKDAY INC 0.66%

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