ELFUN INTERNATIONAL EQUITY FUND
Name
As of 04/18/2024Price
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
Vitals
YTD Return
0.1%
1 yr return
8.4%
3 Yr Avg Return
1.2%
5 Yr Avg Return
6.9%
Net Assets
$175 M
Holdings in Top 10
29.2%
52 WEEK LOW AND HIGH
$24.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
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
EGLBX - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameELFUN INTERNATIONAL EQUITY FUND
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateJan 01, 1988
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Solecki
Fund Description
The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets under normal circumstances in equity securities, such as common and preferred stocks.
The Fund invests primarily (generally at least 65% of its net assets) in companies located in both developed and emerging market countries outside the U.S. The Fund considers an issuer to be located outside the U.S. if at least 50% of its revenues or profits are from business activities located outside the U.S., at least 50% of its assets are located outside the U.S. or the principal trading market for its securities is located outside the U.S. SSGA Funds Management, Inc. “SSGA FM” or the “Adviser”), the investment adviser to the Fund, focuses on companies whose security prices it believes do not fully reflect their potential for growth. An emerging market country is any country having an economy and market that are (or would be) considered by the World Bank to be emerging or developing, or listed in the MSCI® Emerging Markets Index. Emerging market countries are located in regions such as Asia, Latin America, the Middle East, Southern
Europe, Eastern Europe (including the former republics of the Soviet Union and the Eastern Bloc) and Africa. Under normal circumstances, the Fund's assets are invested in securities of foreign (non-U.S.) companies representing at least three different countries, and at times a significant amount of the Fund's assets may be invested in a single country or region.
In seeking to achieve the Fund's investment objective with respect to future income, the Adviser will also consider companies that have the potential to pay dividends in the future.
The Adviser seeks to identify securities of companies that they believe have desirable characteristics for the Fund such as:
•
low valuation relative to long term growth potential;
•
potential for improvement in the company's business;
•
appropriate capital structures;
•
sufficient liquidity; and/or
•
primarily large or medium capitalization (meaning companies with market capitalizations of $2 billion or more).
The Adviser may consider selling a security when one of these characteristics no longer applies, when valuation becomes excessive, or when more attractive alternatives are identified.
In addition to common stocks and preferred stocks, equity securities may include other securities convertible into common stock or rights and warrants.
The Fund also may invest up to 20% of its assets in debt securities. The Fund is subject to no limitation with respect to the credit quality or maturities of the debt instruments in which it may invest. The Adviser may also use various types of derivative instruments (such as options, futures, options on futures and forward contracts) to gain or hedge exposure to certain types of securities as an alternative to investing directly in or selling such securities.
The Fund may also invest in depositary receipts, repurchase agreements, when-issued and delayed delivery securities, mortgage-related securities, and may hold securities that are restricted as to resale. The Fund may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted by applicable law (including those advised by the Adviser). The Fund also may lend its securities.
EGLBX - Performance
Return Ranking - Trailing
| Period | EGLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -46.9% | 15.6% | 2.15% |
| 1 Yr | 8.4% | -46.5% | 18.3% | 0.86% |
| 3 Yr | 1.2%* | -19.5% | 21.3% | 1.95% |
| 5 Yr | 6.9%* | -37.8% | 59.9% | 2.31% |
| 10 Yr | 4.4%* | -6.6% | 4.1% | 3.30% |
* Annualized
Return Ranking - Calendar
| Period | EGLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.0% | -43.6% | 71.3% | 84.86% |
| 2022 | -21.5% | -28.5% | 18.9% | 74.48% |
| 2021 | 0.8% | -90.1% | 992.0% | 28.57% |
| 2020 | 12.0% | -2.2% | 38.8% | 3.09% |
| 2019 | 28.0% | -50.2% | -3.3% | 53.79% |
Total Return Ranking - Trailing
| Period | EGLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -45.8% | 31.8% | 2.15% |
| 1 Yr | 8.4% | -45.5% | 19.1% | 0.86% |
| 3 Yr | 1.2%* | -18.9% | 49.6% | 1.95% |
| 5 Yr | 6.9%* | -35.8% | 64.0% | 2.31% |
| 10 Yr | 4.4%* | -0.5% | 16.2% | 3.30% |
* Annualized
Total Return Ranking - Calendar
| Period | EGLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.4% | -43.6% | 144.8% | 11.21% |
| 2022 | -16.1% | -22.6% | 20.9% | 3.13% |
| 2021 | 9.1% | -89.7% | 1010.7% | 19.35% |
| 2020 | 13.3% | 4.3% | 38.8% | 2.93% |
| 2019 | 30.1% | -24.7% | -2.3% | 83.42% |
NAV & Total Return History
EGLBX - Holdings
Concentration Analysis
| EGLBX | Category Low | Category High | EGLBX % Rank | |
|---|---|---|---|---|
| Net Assets | 175 M | 1.2 M | 172 B | 79.83% |
| Number of Holdings | 55 | 1 | 10801 | 77.90% |
| Net Assets in Top 10 | 50.8 M | 0 | 34.5 B | 76.49% |
| Weighting of Top 10 | 29.22% | 1.9% | 101.9% | 26.86% |
Top 10 Holdings
- AstraZeneca PLC 3.27%
- ASML Holding NV 3.19%
- Novartis AG 3.17%
- LVMH Moet Hennessy Louis Vuitton SE 3.12%
- Nestle SA 3.08%
- Schneider Electric SE 2.83%
- Disco Corp 2.71%
- SAP SE 2.63%
- Sony Group Corp 2.62%
- Air Liquide SA 2.60%
Asset Allocation
| Weighting | Return Low | Return High | EGLBX % Rank | |
|---|---|---|---|---|
| Stocks | 98.24% | 0.00% | 122.60% | 43.34% |
| Cash | 1.74% | -65.15% | 100.00% | 44.90% |
| Other | 0.01% | -16.47% | 17.36% | 66.71% |
| Preferred Stocks | 0.00% | 0.00% | 1.87% | 70.96% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 49.72% |
| Bonds | 0.00% | -10.79% | 71.30% | 53.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EGLBX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 13.68% | 92.90% |
| Technology | 0.00% | 0.00% | 36.32% | 5.80% |
| Real Estate | 0.00% | 0.00% | 14.59% | 86.67% |
| Industrials | 0.00% | 5.17% | 99.49% | 18.12% |
| Healthcare | 0.00% | 0.00% | 21.01% | 23.77% |
| Financial Services | 0.00% | 0.00% | 47.75% | 23.62% |
| Energy | 0.00% | 0.00% | 16.89% | 71.01% |
| Communication Services | 0.00% | 0.00% | 21.69% | 64.35% |
| Consumer Defense | 0.00% | 0.00% | 32.29% | 79.86% |
| Consumer Cyclical | 0.00% | 0.00% | 36.36% | 95.80% |
| Basic Materials | 0.00% | 0.00% | 23.86% | 37.39% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EGLBX % Rank | |
|---|---|---|---|---|
| Non US | 97.65% | 0.00% | 124.02% | 2.27% |
| US | 0.60% | -7.71% | 68.98% | 100.00% |
EGLBX - Expenses
Operational Fees
| EGLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.39% | 0.02% | 26.51% | 86.51% |
| Management Fee | 0.21% | 0.00% | 1.60% | 12.77% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| EGLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| EGLBX 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.
| EGLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 247.00% | 21.63% |
EGLBX - Distributions
Dividend Yield Analysis
| EGLBX | Category Low | Category High | EGLBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.95% | 0.00% | 13.43% | 73.62% |
Dividend Distribution Analysis
| EGLBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| EGLBX | Category Low | Category High | EGLBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -0.93% | 6.38% | 3.19% |
Capital Gain Distribution Analysis
| EGLBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.482 | OrdinaryDividend |
| Dec 27, 2022 | $1.461 | OrdinaryDividend |
| Dec 27, 2021 | $2.200 | OrdinaryDividend |
| Dec 28, 2020 | $0.311 | OrdinaryDividend |
| Dec 30, 2019 | $0.399 | OrdinaryDividend |
| Dec 27, 2017 | $0.354 | OrdinaryDividend |
| Dec 29, 2016 | $0.410 | OrdinaryDividend |
| Dec 30, 2015 | $0.357 | OrdinaryDividend |
| Dec 23, 2014 | $0.568 | OrdinaryDividend |
| Dec 27, 2013 | $0.366 | OrdinaryDividend |
| Dec 27, 2012 | $0.350 | OrdinaryDividend |
| Dec 29, 2011 | $0.452 | OrdinaryDividend |
| Dec 30, 2010 | $0.372 | OrdinaryDividend |
| Dec 30, 2009 | $0.442 | OrdinaryDividend |
| Dec 28, 2005 | $0.410 | OrdinaryDividend |
| Dec 30, 2004 | $0.331 | OrdinaryDividend |
| Dec 29, 2003 | $0.228 | OrdinaryDividend |
| Dec 30, 2002 | $0.218 | OrdinaryDividend |
| Dec 28, 1999 | $0.234 | OrdinaryDividend |
EGLBX - Fund Manager Analysis
Managers
Michael Solecki
Start Date
Tenure
Tenure Rank
Aug 31, 1999
22.76
22.8%
Michael Solecki, CFA, is a Senior Managing Director of SSGA and Chief Investment Officer for Fundamental Growth and Core Equity. He is also a member of SSGA’s Executive Management Group. He joined SSGA in July 2016 through its acquisition of GEAM. Previously, as part of the International Equity team, he held roles as Chief Investment Officer, Co-Chief Investment Officer, Director of Portfolio Management and a Director of Research. Prior to GE, he worked for Monarch Capital Corporation as a financial analyst. He has a BS in Finance from Western New England College and a MBA from Fordham Univer
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.18 | 3.25 |