State Street International Stock Selection Fund - Class A SSILX

Important Risk Disclosure

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

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

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 mid/small-sized companies may involve greater risks than in those of larger, better known companies.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

In addition to normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, and from adverse political, social and economic instability in other nations.

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.

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.

$11.54

as of Dec 20 2024

Total Net Assets

$146,506.17

as of Dec 20 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.

1.45%

Net Expense Ratio

The Fund's investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until December 31, 2024 (i) to waive up to the full amount of the advisory fee payable by the Fund, and/or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.75% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2024 except with the approval of the Fund's Board of Trustees. SSGA FM has contractually agreed to waive 0.01% of its administration fee. This waiver may not be terminated or modified except with the approval of the Fund's Board of Trustees and shall continue until at least December 31, 2024.

1.20%

1 Day Nav Change

+$0.02 (+0.17%)

Quick Links

Key Features

The State Street International Stock Selection Fund (the "Fund") seeks to provide long-term capital growth by investing primarily in securities of foreign issuers.

The Adviser employs a proprietary quantitative multi-factor stock-selection model to select securities while controlling risk exposure of the Fund relative to the Fund’s benchmark.

About this Benchmark

The MSCI EAFE Index is an equity index which captures large and mid cap representation across 21 Developed Markets countries around the world, excluding the US and Canada. Developed Markets countries in the index include: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the UK. The index covers approximately 85% of the free float adjusted market capitalization in each country.

Fund Information as of Dec 23 2024

Benchmark	MSCI EAFE Net Dividend Index
Inception Date	Jul 07 2014
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.	1.45%
Net Expense Ratio The Fund's investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until December 31, 2024 (i) to waive up to the full amount of the advisory fee payable by the Fund, and/or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.75% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to December 31, 2024 except with the approval of the Fund's Board of Trustees. SSGA FM has contractually agreed to waive 0.01% of its administration fee. This waiver may not be terminated or modified except with the approval of the Fund's Board of Trustees and shall continue until at least December 31, 2024.	1.20%
Base Currency	USD
Investment Manager	SSGA Funds Management, Inc.
Management Team	Active Quantitative Equities
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Annually

Listing Information as of Dec 23 2024

Exchange	Listing Date	Trading Currency	Ticker	CUSIP
NASDAQ REGULAR MARKET	Jul 07 2014	USD	SSILX	784924276

Fund Characteristics as of Nov 30 2024

Active Share Active Share measures the degree of overlap between the underlying holdings of the Fund against the underlying holdings in the fund's benchmark. A Fund's underlying holdings identical to its benchmark would have an active share of 0.00%, whereas, the more the underlying holdings are different from the benchmark, the larger the active share will be with a maximum of 100%.	77.72%
Dividend Yield Dividend Yield measures the weighted average of gross dividend yield of stocks in the fund.	3.69%
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.	12.96%
Number of Holdings	181
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.	1.39
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.	10.66
Weighted Average Market Cap	$53,105.14 M

Yields as of Dec 20 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.	2.02%
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.	1.79%

Fund Net Asset Value as of Dec 20 2024

Percent Change	0.17%
Price Change	$0.02
NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$11.54
Shares Outstanding	12,698
Total Net Assets	$146,506.17

Fund Performance

Fund Inception Date: Jul 07 2014
Performance Inception Date: Mar 07 1995

as of Nov 30 2024

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Mar 07 1995
Fund at NAV	Nov 30 2024	0.51%	-3.60%	9.27%	14.57%	4.42%	5.18%	3.50%	4.09%
Fund at POP	Nov 30 2024	-4.77%	-8.68%	3.51%	8.57%	2.56%	4.05%	2.94%	3.90%
Benchmark MSCI EAFE Net Dividend Index	Nov 30 2024	-0.57%	-5.97%	6.24%	11.88%	4.15%	5.89%	5.07%	5.36%

as of Sep 30 2024

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Mar 07 1995
Fund at NAV	Sep 30 2024	0.08%	6.26%	13.35%	22.69%	4.76%	6.80%	3.93%	4.24%
Fund at POP	Sep 30 2024	-5.19%	0.66%	7.37%	16.30%	2.89%	5.65%	3.38%	4.05%
Benchmark MSCI EAFE Net Dividend Index	Sep 30 2024	0.92%	7.26%	12.99%	24.77%	5.48%	8.20%	5.71%	5.61%

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.

POP Performance shown for the periods prior to the inception of Class A shares on July 7, 2014 reflects the historical performance of the fund's Class N shares adjusted to reflect the higher expenses of Class A shares, estimated for their first year of operations, including applicable 12b-1 fees and the maximum sales load of Class A (5.25% for Equity Funds and 3.75% for Fixed Income Funds). NAV Performance shown for the periods prior to the inception of Class A shares on July 7, 2014 reflects the historical performance of the fund's Class N shares adjusted to reflect the higher expenses of Class A shares, estimated for their first year of operations, including applicable 12b-1 fees.

Gross Expense Ratio: 1.45%

Net Expense Ratio: 1.20%

Top Holdings

Subject to change.

Fund Top Holdings as of Nov 30 2024

Name	Weight
SAP SE	2.47%
Novartis AG	2.27%
Roche Holding Ltd Dividend Right Cert.	2.11%
Deutsche Telekom AG	1.70%
Munchener Ruckversicherungs-Gesellschaft AG	1.42%
3i Group plc	1.36%
Holcim Ltd	1.34%
Barclays PLC	1.30%
Mitsui & Co.Ltd	1.30%
NatWest Group Plc	1.25%

Download All Holdings: Monthly

Sector Allocation

Fund Sector Allocation as of Nov 30 2024

Sector	Weight
Financials	23.09%
Industrials	16.66%
Health Care	12.69%
Information Technology	10.19%
Consumer Discretionary	9.06%
Consumer Staples	7.02%
Materials	6.58%
Utilities	4.38%
Communication Services	3.91%
Real Estate	3.61%
Energy	2.80%

Geographical Breakdown

Document

Fund Documents

Information & Schedules

SSGA Mutual Funds 2024 Distribution Calendar pdf

Purchase Information

Minimum Investments

Initial $2,000.00

Initial AIP $100.00

Additional AIP $100.00

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 International Stock Selection Fund - Class A)

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

Public Offering Price (POP) - POP is equal to a Fund's Net Asset Value plus sales charges, if any. As with the Net Asset Value, the public offering price (POP) will typically change on a day to day basis. The Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) is 5.25% for Equity Funds, 3.75% for Fixed Income Funds and 4.50% for Target Retirement Funds.

Unless otherwise noted all information contained herein is that of the State Street International Stock Selection Fund - Class A.

The financial products described herein are indexed to an MSCI index. The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based.

The MSCI EAFE^® Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the US & Canada. As of December 2003 the MSCI EAFE Index consisted of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index is unmanaged and can not be invested in directly.

Prior to 10/12/2018, the State Street International Stock Selection Fund - Class A was known as the SSGA International Stock Selection Fund - Class A.