State Street Disciplined Global Eq I
Fund
SSGMX
Price as of:
$9.42
- $0.00
- 0.00%
Primary Theme
N/A
fund company
Name
As of 05/14/2021Price
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
7.5%
1 yr return
21.9%
3 Yr Avg Return
6.2%
5 Yr Avg Return
8.4%
Net Assets
$1.75 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$9.4
$8.13
$9.54
Expenses
OPERATING FEES
Expense Ratio 7.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 67.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/14/2021Price
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
SSGMX - Profile
Distributions
- YTD Total Return 7.5%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.92%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameState Street Defensive Global Equity Fund
-
Fund Family NameState Street Global Advisors
-
Inception DateFeb 18, 2016
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChee Ooi
Fund Description
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings, if any, for investment purposes) in equity securities. The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in its 80% policy. The notional value of the Fund's investments in derivatives or other synthetic instruments that provide exposure comparable, in the judgment of the Adviser, to the foregoing types of investments may be counted toward satisfaction of the Fund's 80% policy. SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, seeks to select a portfolio of securities that it expects over the long term to exhibit low volatility both in absolute terms and in comparison with the MSCI World Index (the “Index”) and provide competitive returns as compared with the Index.
In seeking to identify stocks offering the potential for capital growth, the Adviser employs a proprietary quantitative process. The process evaluates the relative attractiveness of eligible securities based on the correlation of certain historical economic and financial factors (such as measures of growth potential, valuation, quality and investor sentiment), and other historical quantitative metrics. Additionally, the process may incorporate an element designed to evaluate the macroeconomic environment and prevailing market conditions. The process is intended to allow the Adviser to evaluate eligible securities and then rank eligible securities in the Fund's investment universe in the order of their attractiveness as potential Fund investments.
The Adviser also uses a quantitative analysis to determine the expected volatility of a stock's market price. Volatility is a statistical measurement of up and down fluctuations in the value of a security over time. Volatility may result in rapid and dramatic price swings. The Adviser seeks to favor securities with low exposure to market risk factors and low security-specific risk. In determining the exposure of a security to such risk factors, the Adviser may take into account, among other things, such considerations as a security's market capitalization, its price momentum, the security's valuation, the liquidity of the security, the degree to which the issuer is leveraged, and the issuer's growth prospects. The Adviser also implements risk constraints at the overall portfolio level by periodic testing of the portfolio's composition against proprietary risk models, focusing on such factors as industry and sector exposures, portfolio diversification levels, market capitalization exposure, and geographic exposures.
Through these quantitative processes of security selection and portfolio diversification, the Adviser expects that the portfolio will be subject to a relatively low level of absolute risk (as defined by statistical measures of volatility, such as standard deviation of returns) and that the portfolio should exhibit relatively low volatility compared with the Index over the long term. The Adviser will make changes over time in the Fund's portfolio to reflect changes in the various risk factors described above. From time to time, the Adviser may make a qualitative judgment not to implement fully the results of the quantitative investment process if it believes that the process did not take into account all of the information relevant to a particular investment or the Fund's portfolio in the aggregate, or that a different investment might be more appropriate.
Although the Fund pursues a defensive style of investing and targets a low level of volatility in absolute terms and in comparison to the Index, there is no assurance that the Fund will outperform the Index during market downturns or achieve its target volatility, and the Fund may be subject to significant changes in value over short or longer timeframes. There also can be no assurance that the Fund will produce returns in excess of the Index.
The Fund will generally invest at least 40% of its assets in securities of issuers economically tied to countries other than the United States and will generally hold securities of issuers economically tied to at least three countries, including the United States. The Fund will generally consider an investment in an issuer to be tied to a particular country if (i) the issuer is organized in such country or maintains a principal place of business in such country; (ii) the issuer's securities are traded principally in such country; or (iii) during the issuer's most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in such country or has at least 50% of its assets in such country.
The Fund expects to invest primarily in common stocks. The Fund may purchase securities in their initial public offerings, and may hold securities that are restricted as to resale. The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted by applicable law (including those advised by the Adviser). The Fund may hold a portion of its assets in cash and cash instruments. While the Fund may invest in companies of any market capitalization, it expects to primarily invest in large capitalization companies. The Fund may invest in derivatives, such as futures contracts, in order to gain broad equity market exposures pending investments of cash, or to reduce market exposures pending the sales of securities. The Fund reserves the right to enter into foreign currency futures and forward contracts to hedge currency risk, although the Adviser does not currently anticipate that such transactions will play any significant role in the investment process.
The Fund seeks to achieve its investment objective by investing substantially all of its investable assets in the Defensive Global Equity 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.
SSGMX - Performance
Return Ranking - Trailing
| Period | SSGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -35.6% | 29.2% | 76.85% |
| 1 Yr | 21.9% | 17.3% | 252.4% | 97.61% |
| 3 Yr | 6.2%* | -3.5% | 34.6% | 92.09% |
| 5 Yr | 8.4%* | 0.1% | 32.7% | 89.93% |
| 10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SSGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -5.6% | -24.3% | 957.1% | 93.62% |
| 2024 | -13.3% | -38.3% | 47.1% | 99.49% |
| 2023 | -14.3% | -54.2% | 0.6% | 46.84% |
| 2022 | 17.2% | -76.0% | 54.1% | 56.08% |
| 2021 | N/A | -26.1% | 47.8% | N/A |
Total Return Ranking - Trailing
| Period | SSGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -35.6% | 29.2% | 76.96% |
| 1 Yr | 21.9% | 11.4% | 252.4% | 96.59% |
| 3 Yr | 6.2%* | -3.5% | 34.6% | 90.27% |
| 5 Yr | 8.4%* | 0.1% | 32.7% | 88.59% |
| 10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SSGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -5.6% | -24.3% | 957.1% | 93.62% |
| 2024 | -13.3% | -33.1% | 47.1% | 99.75% |
| 2023 | -14.3% | -44.4% | 1.8% | 63.80% |
| 2022 | 17.2% | -6.5% | 54.1% | 78.33% |
| 2021 | N/A | -14.4% | 47.8% | N/A |
NAV & Total Return History
SSGMX - Holdings
Concentration Analysis
| SSGMX | Category Low | Category High | SSGMX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.75 M | 199 K | 133 B | 99.56% |
| Number of Holdings | 1 | 1 | 9075 | 100.00% |
| Net Assets in Top 10 | 1.73 M | -18 M | 37.6 B | 96.92% |
| Weighting of Top 10 | 100.00% | 9.1% | 100.0% | 0.57% |
Top 10 Holdings
- State Street Defensive Global Eq Port 100.00%
Asset Allocation
| Weighting | Return Low | Return High | SSGMX % Rank | |
|---|---|---|---|---|
| Stocks | 97.46% | 61.84% | 125.47% | 53.41% |
| Cash | 2.54% | -174.70% | 23.12% | 41.52% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 71.92% |
| Other | 0.00% | -13.98% | 19.14% | 74.45% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 69.05% |
| Bonds | 0.00% | -1.50% | 161.67% | 70.04% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SSGMX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 20.55% | 0.00% | 73.28% | 4.63% |
| Healthcare | 19.69% | 0.00% | 35.42% | 8.59% |
| Communication Services | 15.25% | 0.00% | 57.66% | 24.45% |
| Technology | 13.80% | 0.00% | 49.87% | 85.68% |
| Industrials | 10.05% | 0.00% | 44.06% | 59.80% |
| Financial Services | 6.41% | 0.00% | 38.42% | 87.78% |
| Consumer Cyclical | 5.32% | 0.00% | 40.94% | 87.22% |
| Basic Materials | 4.13% | 0.00% | 38.60% | 25.66% |
| Utilities | 3.54% | 0.00% | 29.12% | 24.12% |
| Real Estate | 1.26% | 0.00% | 39.48% | 55.40% |
| Energy | 0.00% | 0.00% | 21.15% | 91.19% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SSGMX % Rank | |
|---|---|---|---|---|
| US | 56.78% | 0.13% | 103.82% | 41.85% |
| Non US | 40.68% | 0.58% | 99.46% | 58.92% |
SSGMX - Expenses
Operational Fees
| SSGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 7.00% | 0.01% | 44.27% | 3.08% |
| Management Fee | 0.75% | 0.00% | 1.82% | 60.83% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.87% |
| Administrative Fee | 0.05% | 0.01% | 0.76% | 34.85% |
Sales Fees
| SSGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SSGMX 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.
| SSGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 67.00% | 0.00% | 395.00% | 75.57% |
SSGMX - Distributions
Dividend Yield Analysis
| SSGMX | Category Low | Category High | SSGMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.94% | 0.00% | 3.26% | 68.38% |
Dividend Distribution Analysis
| SSGMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| SSGMX | Category Low | Category High | SSGMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.92% | -4.27% | 12.65% | 17.16% |
Capital Gain Distribution Analysis
| SSGMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
SSGMX - Fund Manager Analysis
Managers
Chee Ooi
Start Date
Tenure
Tenure Rank
Feb 18, 2016
5.2
5.2%
Chee Ooi is a Managing Director of SSGA and the Adviser and a Senior Portfolio Manager in the Active Quantitative Equity Group. His responsibilities include research and portfolio management across the quantitative international active equity strategies. Mr. Ooi has over twenty years of experience in quantitative equity research and investment management. Prior to joining SSGA in 2008, he was a director and senior quantitative analyst in Citigroup's Global Quantitative Research Group in New York and started his career in finance at Salomon Brothers as an equity derivatives research analyst. He has published papers in the Journal of Portfolio Management on his pioneering work on classification and regression tree model in stock selection and has presented at industry conferences.Chee started his career in finance at Salomon Brothers as an equity derivatives research analyst. Mr. Ooi holds a Bachelor of Science in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology.
Adel Daghmouri
Start Date
Tenure
Tenure Rank
Feb 18, 2016
5.2
5.2%
Adel is a Senior Portfolio Manager in the Global Quantitative Active Equity Group, where he focuses on managing global investment strategies, product development and quantitative research within developed markets. Prior to this he was a founding member of the quantitative Canadian active equity team responsible for portfolio management across active, enhanced and market-neutral strategies.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |