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State Street Global All Cap Equity ex-U.S. Index Fund
SSGHX (Mutual Fund)
State Street Global All Cap Equity ex-U.S. Index Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$109.84
$1.77 B
2.31%
$2.51
0.69%
Vitals
YTD Return
8.2%
1 yr return
13.9%
3 Yr Avg Return
2.5%
5 Yr Avg Return
66.9%
Net Assets
$1.77 B
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$108.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 2.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$109.84
$1.77 B
2.31%
$2.51
0.69%
SSGHX - Profile
Distributions
- YTD Total Return 8.2%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 66.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.21%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameState Street Global All Cap Equity ex-U.S. Index Fund
-
Fund Family NameState Street Global Advisors
-
Inception DateSep 17, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
The Fund is an “index” fund that seeks to track, before fees and expenses, the total return performance of the MSCI ACWI ex USA Investable Market Index (the “MSCI ACWI ex USA IMI Index” or sometimes referred to in context as the “Index”) over the long term. As an “index” fund, 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. As of February 29, 2024, a significant portion of the Index comprised companies in the financials sector, although this may change from time to time. As of February 29, 2024, a significant portion of the Index comprised companies located in Japan and the United Kingdom and a significant portion of the Index constituents are denominated in the Euro and Yen, although this may change from time to time.
In seeking to track the performance of the Index, the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The number of holdings in the Fund will be based on a number of factors, including asset size of the Fund. SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, generally expects the Fund to hold fewer than the total number of securities in the Index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund's investment objective.
Under normal circumstances, the Fund generally invests substantially all, but at least 80%, of its net assets (plus borrowings, if any) in securities comprising the Index or in American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”) providing exposure to securities comprising the Index. 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. The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in this 80% investment 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).
The Fund may also purchase or sell futures contracts, or options on those futures, in lieu of investing directly in the stocks making up the Index. The Fund might do so, for example, in order to increase its investment exposure pending investment of cash in stocks or other investments. Alternatively, the Fund might use futures or options on futures to reduce its investment exposure in situations where it intends to sell a portion of the stocks in its portfolio but the sale has not yet
been completed. The Fund may also enter into other derivatives transactions, including the use of options, forwards or swap transactions, in lieu of investing directly in the stocks making up the Index. The Fund may also, to the extent permitted by applicable law, invest in shares of other mutual funds whose investment objectives and policies are similar to those of the Fund (including funds advised by the Adviser).
The Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance of securities, across all market capitalizations, in developed and emerging market countries excluding the United States. All listed equity securities and listed securities that exhibit characteristics of equity securities, except mutual funds, ETFs, equity derivatives, limited partnerships and most investment trusts, are eligible for inclusion. Countries covered in the Index have historically included, among others, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Kuwait, Malaysia, Mexico, the Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates and the United Kingdom. It is not possible to invest directly in the Index.
The Fund seeks to achieve its investment objective by investing substantially all of its investable assets in the Global All Cap Equity ex-U.S. Index Portfolio, which has substantially identical investment policies to the Fund. When the Fund invests in this “master-feeder” structure, the Fund's only investments are shares of the Portfolio and it participates in the investment returns achieved by the Portfolio. Descriptions in this section of the investment activities of the “Fund” also generally describe the expected investment activities of the Portfolio.
The Index is sponsored by MSCI Inc. (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
SSGHX - Performance
Return Ranking - Trailing
| Period | SSGHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.2% | -5.2% | 28.1% | 53.87% |
| 1 Yr | 13.9% | -1.8% | 34.1% | 51.82% |
| 3 Yr | 2.5%* | -14.3% | 49.0% | 65.15% |
| 5 Yr | 66.9%* | -34.2% | 74.8% | 0.68% |
| 10 Yr | 31.4%* | 0.7% | 31.8% | 0.79% |
* Annualized
Return Ranking - Calendar
| Period | SSGHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -1.4% | 22.0% | 62.64% |
| 2022 | -18.8% | -43.6% | 71.3% | 62.56% |
| 2021 | 4.0% | -28.5% | 18.9% | 58.05% |
| 2020 | 990.8% | -90.1% | 992.1% | 0.50% |
| 2019 | 16.0% | -1.9% | 38.8% | 83.16% |
Total Return Ranking - Trailing
| Period | SSGHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.2% | -5.2% | 28.1% | 53.87% |
| 1 Yr | 13.9% | -1.8% | 34.1% | 51.82% |
| 3 Yr | 2.5%* | -14.3% | 49.0% | 65.15% |
| 5 Yr | 66.9%* | -34.2% | 74.8% | 0.68% |
| 10 Yr | 31.4%* | 0.7% | 31.8% | 0.79% |
* Annualized
Total Return Ranking - Calendar
| Period | SSGHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.1% | 3.2% | 23.8% | 67.35% |
| 2022 | -16.8% | -43.6% | 144.8% | 64.16% |
| 2021 | 7.9% | -22.6% | 56.0% | 71.22% |
| 2020 | 1004.7% | -89.7% | 1010.8% | 0.50% |
| 2019 | 21.0% | 4.3% | 38.8% | 71.45% |
NAV & Total Return History
SSGHX - Holdings
Concentration Analysis
| SSGHX | Category Low | Category High | SSGHX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.77 B | 3.3 M | 425 B | 31.20% |
| Number of Holdings | 1 | 1 | 10481 | 99.69% |
| Net Assets in Top 10 | 1.12 B | 1.01 M | 47.5 B | 21.06% |
| Weighting of Top 10 | 100.00% | 4.6% | 147.7% | 0.78% |
Top 10 Holdings
- State Street Glb All Cap Eq ex-US Idx 100.00%
Asset Allocation
| Weighting | Return Low | Return High | SSGHX % Rank | |
|---|---|---|---|---|
| Stocks | 95.21% | 0.00% | 102.63% | 84.87% |
| Cash | 4.40% | 0.00% | 44.84% | 15.44% |
| Preferred Stocks | 0.34% | -0.05% | 6.89% | 42.59% |
| Other | 0.05% | -2.12% | 47.54% | 29.17% |
| Bonds | 0.01% | 0.00% | 95.29% | 9.05% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 41.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SSGHX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.86% | 0.00% | 47.75% | 37.92% |
| Industrials | 13.08% | 5.17% | 99.49% | 67.20% |
| Technology | 11.82% | 0.00% | 36.32% | 47.04% |
| Consumer Cyclical | 10.72% | 0.00% | 36.36% | 36.16% |
| Healthcare | 9.55% | 0.00% | 20.35% | 75.52% |
| Basic Materials | 9.04% | 0.00% | 23.86% | 30.72% |
| Consumer Defense | 8.24% | 0.00% | 32.29% | 68.00% |
| Communication Services | 6.27% | 0.00% | 21.69% | 43.84% |
| Energy | 5.48% | 0.00% | 16.89% | 38.08% |
| Real Estate | 3.62% | 0.00% | 14.59% | 11.68% |
| Utilities | 3.33% | 0.00% | 13.68% | 32.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SSGHX % Rank | |
|---|---|---|---|---|
| Non US | 94.48% | 0.00% | 99.44% | 34.63% |
| US | 0.73% | 0.00% | 102.01% | 88.30% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SSGHX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 92.74% | -1.87% | 100.00% | 1.72% |
| Corporate | 7.19% | 0.00% | 100.00% | 7.46% |
| Derivative | 0.08% | -2.12% | 47.54% | 14.66% |
| Securitized | 0.00% | 0.00% | 47.51% | 40.19% |
| Municipal | 0.00% | 0.00% | 0.17% | 40.19% |
| Government | 0.00% | 0.00% | 44.25% | 44.41% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SSGHX % Rank | |
|---|---|---|---|---|
| US | 0.01% | 0.00% | 87.90% | 8.42% |
| Non US | 0.00% | 0.00% | 8.52% | 40.56% |
SSGHX - Expenses
Operational Fees
| SSGHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.01% | 19.62% | 74.84% |
| Management Fee | 0.06% | 0.00% | 1.65% | 6.28% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.68% |
| Administrative Fee | 0.05% | 0.01% | 1.00% | 20.29% |
Sales Fees
| SSGHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.25% | 3.50% | 5.75% | 70.73% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| SSGHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SSGHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 2.00% | 2.00% | 247.00% | 0.35% |
SSGHX - Distributions
Dividend Yield Analysis
| SSGHX | Category Low | Category High | SSGHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.31% | 0.00% | 17.49% | 41.03% |
Dividend Distribution Analysis
| SSGHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| SSGHX | Category Low | Category High | SSGHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.21% | -0.93% | 6.38% | 29.28% |
Capital Gain Distribution Analysis
| SSGHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $2.507 | OrdinaryDividend |
| Dec 26, 2023 | $0.056 | CapitalGainLongTerm |
| Dec 27, 2022 | $2.165 | OrdinaryDividend |
| Dec 28, 2021 | $4.168 | OrdinaryDividend |
| Dec 29, 2020 | $1.358 | OrdinaryDividend |
| Dec 27, 2019 | $0.253 | OrdinaryDividend |
| Dec 27, 2019 | $0.176 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.442 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.226 | OrdinaryDividend |
| Dec 22, 2017 | $0.140 | CapitalGainLongTerm |
| Dec 22, 2017 | $0.257 | OrdinaryDividend |
| Dec 23, 2016 | $0.111 | OrdinaryDividend |
| Dec 23, 2015 | $0.156 | OrdinaryDividend |
| Dec 23, 2014 | $0.042 | OrdinaryDividend |
SSGHX - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Sep 17, 2014
7.71
7.7%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Olga Winner
Start Date
Tenure
Tenure Rank
Sep 17, 2014
7.71
7.7%
Olga Winner, CFA, is a Vice President of SSGA FM and Senior Portfolio Manager in the GEBS Group. Ms. Winner joined SSGA FM in 2007 and has 15 years of investment experience. She has co-managed the USAA MSCI Emerging Markets Value Momentum ETF since its inception in October 2017 and the USAA International Value Momentum Blend Index ETF since December 2018. Education: B.S. in Finance, the University of Massachusetts; M.B.A and M.S. in Finance., the Carroll School of Management at Boston College. She also earned the CFA designation and is a member of CFA Society Boston, Inc.
Karl Schneider
Start Date
Tenure
Tenure Rank
Sep 17, 2014
7.71
7.7%
Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.32 | 3.25 |
