State Street U.S. Core Equity Fund SSAQX

Important Risk Information

Considering the risks: A principal risk of investing in the Fund is the risk that the value of equity securities may decline. While stocks have historically outperformed other asset classes over the long term, they tend to fluctuate over the short term as a result of factors affecting the individual companies, industries or the securities market as a whole. Securities with different characteristics tend to shift in and out of favor depending upon 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.

Overview Performance Holdings Document Purchase Information More Insights

NAV

NAV

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

$88.89

as of Dec 04 2024

Base Currency

USD

Assets Under Management

$5,663.75 M

as of Oct 31 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.

0.14%

1 Day Nav Change

+$0.58 (0.66%)

as of Dec 04 2024

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Fund Objective

The State Street U.S. Core Equity Fund seeks long-term growth of capital.

Investment Strategy

Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, such as common and preferred stocks. The Fund considers a company to be a U.S. company if it generates at least 50% of its revenues or profits from business activities in the U.S., has at least 50% of its assets situated in the U.S., or has the principal trading market for its securities in the U.S.

Fund Information as of Dec 04 2024

Investment Style	Large Cap Core
Benchmark	S&P 500 Index
Inception Date	Jan 01 1980
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.	0.14%
Base Currency	USD
Investment Manager	SSGA Funds Management, Inc.
Management Team	Fundamental Equities
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Annually

Investment Team

Michael J Solecki, CFA

CIO, Fundamental Equity

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Christopher J Sierakowski

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Paul Nestro, CFA

Director of Research

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Listing Information as of Dec 04 2024

Exchange	Trading Currency	Listing Date	Ticker	CUSIP
NASDAQ REGULAR MARKET	USD	Jan 01 1980	SSAQX	85749T731

Fund Characteristics as of Oct 31 2024

Number of Holdings	94
Med Market Cap ($M)	142,250.00
Weighted Average Market Cap ($M)	1,091,793.78
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.	5.39
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.	21.43
Dividend Yield (%) Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage. Index Dividend Yield The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.	1.14
Annual Portfolio Turnover (%)	47.75

Index Characteristics as of Oct 31 2024

Number of Holdings	500
Med Market Cap ($M)	37,752.00
Weighted Average Market Cap ($M)	1,041,702.13
Price/Book Ratio	4.89
Price/Earnings Ratio FY1	20.99
Dividend Yield (%)	1.32

Fund Net Asset Value as of Dec 04 2024

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$88.89
Percent Change	0.66%
Price Change	$0.58
Offer Price	$88.89
NAV 52 Week High	$88.89(Dec 04 2024)
NAV 52 Week Low	$67.21(Jan 04 2024)

Fund Performance

as of Oct 31 2024

	As Of	1 Year	3 Year	5 Year	10 Year
Fund at NAV	Oct 31 2024	39.52%	9.67%	16.64%	13.10%
Benchmark S&P 500 Index	Oct 31 2024	38.02%	9.08%	15.27%	13.00%

as of Sep 30 2024

	As Of	1 Year	3 Year	5 Year	10 Year
Fund at NAV	Sep 30 2024	39.34%	12.43%	17.59%	13.43%
Benchmark S&P 500 Index	Sep 30 2024	36.35%	11.91%	15.98%	13.38%

as of Oct 31 2024

	As Of	1 Month	3 Month	6 Month	QTD	YTD
Fund at NAV	Oct 31 2024	-1.08%	2.94%	13.23%	-1.08%	22.21%
Benchmark S&P 500 Index	Oct 31 2024	-0.91%	3.66%	14.08%	-0.91%	20.97%

as of Sep 30 2024

	As Of	1 Month	3 Month	6 Month	QTD	YTD
Fund at NAV	Sep 30 2024	1.58%	5.14%	9.83%	5.14%	23.54%
Benchmark S&P 500 Index	Sep 30 2024	2.14%	5.89%	10.42%	5.89%	22.08%

as of Nov 30 2024

	2018	2019	2020	2021	2022	2023
Fund at NAV	-3.05%	32.22%	23.82%	26.37%	-18.24%	28.85%
Benchmark S&P 500 Index	-4.38%	31.49%	18.40%	28.71%	-18.11%	26.29%

Returns shown reflect the past performance of the General Electric RSP U.S. Equity Fund, the performance predecessor of the Fund. The General Electric RSP U.S. Equity Fund was managed by using investment policies, objectives, guidelines and restrictions that were substantially similar to those of the Fund. GE Asset Management Incorporated (“GEAM”) served as the Fund’s investment adviser until 2016, when State Street Corporation (“State Street”), the ultimate parent company of the Adviser, acquired substantially all of the assets of GEAM.

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. Upon redemption, shares may be worth more or less than the original cost. The current performance may be higher or lower than the quoted performance. To view SEC standardized performance select the most recent quarterly period ending March, June, September or December. All other periods shown are non-standardized performance and are not valid without SEC standardized performance.

On July 1, 2016 State Street Corporation, the parent company of SSGA Funds Management, Inc., and State Street Global Markets, LLC acquired the asset management and advisory services business of GE Asset Management, Incorporated, the former investment adviser to the Fund. As of that date, SSGA Funds Management, Inc. became the investment adviser to the Fund and State Street Global Markets, LLC became the distributor for the Fund. Effective May 1, 2017, State Street Global Markets, LLC was renamed State Street Global Advisors Funds Distributors, LLC. Any information, data or performance provided prior to that date is that of GE Asset Management, Incorporated.

The list of holdings should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

The Total Annual Fund Operating Expenses shown reflects the total annual operating expenses of the Fund prior to any fee waivers or expense reimbursements, as provided in the most recent Prospectus. Actual Fund operating expenses will change over time based on Fund asset levels and other factors and may be higher or lower than those estimated for the current fiscal year.

SEC Yield is calculated by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period.

The returns of each index shown do not include the effect of management fees, sales charges, operating expenses of a fund or other account, or taxes. The returns of the index are unmanaged and do not reflect the actual cost of investing in the instruments that comprise it. You cannot invest directly in an index.

Gross Expense Ratio: 0.14%

Risk Analysis

as of Oct 31 2024

as of Sep 30 2024

Month End as of Oct 31 2024

Risk Factor	3 Years	5 Years
Alpha	0.64%	1.44%
Beta	0.98	0.98
Std Deviation	16.76%	17.70%
Information Ratio	0.29	0.71
R-squared	98.60%	98.85%
Sharpe Ratio	0.36	0.81
Tracking Error	2.01%	1.92%

Quarter End as of Sep 30 2024

Risk Factor	3 Years	5 Years
Alpha	0.64%	1.66%
Beta	0.98	0.98
Std Deviation	17.02%	17.68%
Information Ratio	0.25	0.83
R-squared	98.63%	98.82%
Sharpe Ratio	0.53	0.87
Tracking Error	2.03%	1.94%

Risk Analysis shown reflect the historical holdings of the General Electric RSP U.S. Equity Fund, the predecessor of the Fund. The General Electric RSP U.S. Equity Fund was managed by using investment policies, objectives, guidelines and restrictions that were substantially similar to those of the Fund. GE Asset Management Incorporated (“GEAM”) served as the Fund’s investment adviser until 2016, when State Street Corporation (“State Street”), the ultimate parent company of the Adviser, acquired substantially all of the assets of GEAM.

The risk statistics are calculated against the fund's primary benchmark.

Risk Measures - Alpha, Beta and R-Squared are calculated against the noted benchmark. Annualized standard deviation and Sharpe Ratio are not calculated against a benchmark.

Alpha - Measures a manager's contribution to performance due to security selection or market timing relative to the index.

Beta - Measures the portfolio's sensitivity to market movements in the index.

R-Squared - A measure that indicates the extent to which fluctuations in portfolio returns are correlated with those of the index.

Standard Deviation - A measure of total risk. It measures the degree to which a fund's quarterly returns vary from the mean of the fund's quarterly returns over the period measured.

Sharpe Ratio -A measure that uses standard deviation and excess return to determine reward per unit of risk.

Top Holdings

The top ten holdings do not include money market instruments and/or futures contracts. Depositary receipts are normally combined with the underlying security. The securities cited may not represent the Fund's current or future holdings and should not be construed as a recommendation to purchase or sell a particular security. The figures presented do not include the Fund's entire investment portfolio and may change at any time.

Fund Top Holdings as of Nov 30 2024

Name	Weight
NVIDIA CORPORATION	7.51%
MICROSOFT CORPORATION	6.76%
APPLE INC	5.99%
AMAZON.COM INC	4.41%
ALPHABET INC	4.25%
META PLATFORMS INC	3.33%
BANK OF AMERICA CORP	2.18%
HOME DEPOT INC	1.93%
BROADCOM INC	1.87%
JPMORGAN CHASE & CO	1.77%

Sector Allocation

as of Oct 31 2024

Fund Sector Allocation as of Oct 31 2024

Sector	Weight
Information Technology	31.58%
Financials	13.70%
Health Care	11.83%
Communication Services	9.51%
Consumer Discretionary	9.49%
Industrials	8.90%
Consumer Staples	5.00%
Energy	3.25%
Materials	2.60%
Utilities	2.36%
Real Estate	1.26%
Cash Equivalents & Other	1.19%
Accrued Income	0.02%

Index Sector Allocation as of Oct 31 2024

Sector	Weight
Information Technology	31.68%
Financials	13.37%
Health Care	11.16%
Communication Services	9.11%
Consumer Discretionary	10.03%
Industrials	8.52%
Consumer Staples	5.77%
Energy	3.37%
Materials	2.17%
Utilities	2.53%
Real Estate	2.28%
Cash Equivalents & Other	0.00%
Accrued Income	0.00%

Holdings analytics shown reflect the historical holdings of the General Electric RSP U.S. Equity Fund, the predecessor of the Fund. The General Electric RSP U.S. Equity Fund was managed by using investment policies, objectives, guidelines and restrictions that were substantially similar to those of the Fund. GE Asset Management Incorporated (“GEAM”) served as the Fund’s investment adviser until 2016, when State Street Corporation (“State Street”), the ultimate parent company of the Adviser, acquired substantially all of the assets of GEAM.

The securities information regarding holdings, allocations and other characteristics are presented to illustrate examples of securities that have been bought and the diversity of areas in which we may invest as of a particular date. It may not be representative of the portfolio's current or future investments and should not be construed as a recommendation to purchase or sell a particular security.

"Cash Equivalents" includes an investment in the State Street Institutional Government Money Market Fund. "Other" includes accruals. As of 07/01/2016 State Street Global Advisors is the Investment Advisor of the Fund. SSGA Funds Management, Inc. serves as the investment advisor of the State Street Institutional Government Money Market Fund.

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Fund Documents

Information & Schedules

Purchase Information

Please see prospectus regarding purchases to the SS(RSP) Funds.

S&P 500^® (S&P 500) Index is an unmanaged, market capitalization-weighted index of 500 widely held U.S. stocks recognized by investors to be representative of the stock market in general. Standard & Poor's and S&P 500 are trademarks of the Standard & Poor's Financial Services LLC ("S&P").