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Name

As of 11/19/2024

Price

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

STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO

SSMHX | Fund

$343.16

$355 M

1.08%

$3.68

0.03%

Vitals

YTD Return

19.7%

1 yr return

35.0%

3 Yr Avg Return

2.1%

5 Yr Avg Return

103.0%

Net Assets

$355 M

Holdings in Top 10

9.3%

52 WEEK LOW AND HIGH

$340.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 52.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

Price

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

STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO

SSMHX | Fund

$343.16

$355 M

1.08%

$3.68

0.03%

SSMHX - Profile

Distributions

  • YTD Total Return 19.7%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 103.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.19%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Aug 11, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Karl Schneider

Fund Description

The Portfolio uses a passive management strategy designed to track the performance of the Russell Small Cap Completeness Index (the “Index”). The Index is a float-adjusted, market capitalization index which measures the performance of the Russell 3000® Index companies excluding S&P 500® constituents. The Index is constructed to provide a comprehensive and unbiased barometer of the extended broad market beyond the S&P 500 exposure. The Index is completely reconstituted annually to ensure new and growing equities are included. As of February 29, 2024, the market capitaliza
tion of the companies included in the Index ranged from $1.14 million to $69.07 billion. As of February 29, 2024, the Index comprised 2,451 securities. As of February 29, 2024, a significant portion of the Index comprised companies in the information technology, industrials, financials and consumer discretionary sectors, although this may change from time to time.
The Portfolio 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. Instead, the Portfolio, using a “passive” or “indexing” investment approach, seeks to provide investment results that, before expenses, correspond generally to the total return of the Index.
The Portfolio generally intends to invest in all stocks comprising the Index in approximate proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all stocks in those weightings. In those circumstances, the Portfolio may purchase a sample of the stocks in the Index in proportions expected by SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Portfolio, to match generally the performance of the Index as a whole. In addition, from time to time, stocks are added to or removed from the Index. The Portfolio may sell securities that are represented in the Index, or purchase securities that are not yet represented in the Index, in anticipation of their removal from or addition to the Index. Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings, if any) in stocks in the Index. The Portfolio will provide shareholders with at least sixty (60) days' notice prior to any change in this 80% investment policy. The notional value of the Portfolio'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. In addition, the Portfolio 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 Portfolio may purchase or sell futures contracts on the Index, or options on those futures, in lieu of investing directly in the stocks making up the Index. The Portfolio might do so, for example, in order to increase its investment exposure pending investment of cash in the stocks comprising the Index. Alternatively, the Portfolio 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 Portfolio may also enter into other derivatives transactions, including the use of options or swap transactions relating to the Index or any securities comprising the Index, in lieu of investing directly in the stocks making up the Index. The Portfolio may, 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 Portfolio (including funds advised by the Adviser).
The Index is sponsored by FTSE Russell (the “Index Provider”), which is not affiliated with the Portfolio 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.
Read More

SSMHX - Performance

Return Ranking - Trailing

Period SSMHX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.7% -1.6% 123.7% 37.21%
1 Yr 35.0% 11.6% 123.6% 26.91%
3 Yr 2.1%* -22.1% 56.8% 23.51%
5 Yr 103.0%* -2.4% 102.9% 0.20%
10 Yr N/A* 2.3% 25.2% N/A

* Annualized

Return Ranking - Calendar

Period SSMHX Return Category Return Low Category Return High Rank in Category (%)
2023 23.3% -27.7% 68.0% 23.95%
2022 -27.1% -85.6% 52.8% 27.36%
2021 -3.5% -74.9% 238.3% 57.54%
2020 2474.5% -44.1% 2474.5% 0.20%
2019 23.5% -50.2% 44.0% 62.79%

Total Return Ranking - Trailing

Period SSMHX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.7% -1.6% 123.7% 37.21%
1 Yr 35.0% 11.6% 123.6% 26.91%
3 Yr 2.1%* -22.1% 56.8% 23.51%
5 Yr 103.0%* -2.4% 102.9% 0.20%
10 Yr N/A* 2.3% 25.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SSMHX Return Category Return Low Category Return High Rank in Category (%)
2023 25.2% -26.1% 68.0% 20.69%
2022 -25.4% -67.0% 56.8% 34.10%
2021 12.5% -23.5% 342.2% 48.81%
2020 2549.1% 2.6% 2549.1% 0.20%
2019 27.8% 14.6% 44.8% 90.27%

NAV & Total Return History

SSMHX - Holdings

Concentration Analysis

SSMHX Category Low Category High SSMHX % Rank
Net Assets 355 M 2.73 M 100 B 70.23%
Number of Holdings 2433 24 3581 1.91%
Net Assets in Top 10 228 M 670 K 11.3 B 54.01%
Weighting of Top 10 9.33% 4.5% 98.2% 97.71%

Top 10 Holdings

  1. State Street Navigator Securities Lending Portfolio II 2.59%
  2. Apollo Global Management Inc 0.96%
  3. Marvell Technology Inc 0.92%
  4. State Street Institutional Liquid Reserves Fund 0.76%
  5. Palantir Technologies Inc 0.75%
  6. Workday Inc 0.70%
  7. Spotify Technology SA 0.68%
  8. Trade Desk Inc/The 0.67%
  9. Snowflake Inc 0.66%
  10. Cheniere Energy Inc 0.65%

Asset Allocation

Weighting Return Low Return High SSMHX % Rank
Stocks 		99.03% 58.72% 103.99% 35.11%
Cash 		3.35% 0.00% 28.07% 20.04%
Preferred Stocks 		0.00% 0.00% 5.73% 43.89%
Convertible Bonds 		0.00% 0.00% 0.40% 36.07%
Bonds 		0.00% 0.00% 2.73% 41.03%
Other 		0.00% -0.04% 14.45% 96.95%

Stock Sector Breakdown

Weighting Return Low Return High SSMHX % Rank
Technology 		21.36% 0.04% 62.17% 81.49%
Financial Services 		15.01% 0.00% 43.01% 11.64%
Industrials 		12.79% 0.00% 38.23% 67.56%
Healthcare 		11.65% 0.00% 37.06% 89.69%
Consumer Cyclical 		10.62% 0.00% 57.41% 78.24%
Real Estate 		9.31% 0.00% 19.28% 6.68%
Energy 		5.00% 0.00% 62.10% 15.84%
Basic Materials 		4.18% 0.00% 17.25% 19.85%
Communication Services 		3.94% 0.00% 18.33% 31.68%
Consumer Defense 		3.52% 0.00% 16.40% 24.24%
Utilities 		2.62% 0.00% 12.94% 8.02%

Stock Geographic Breakdown

Weighting Return Low Return High SSMHX % Rank
US 		99.03% 46.79% 103.99% 28.82%
Non US 		0.00% 0.00% 34.12% 51.91%

SSMHX - Expenses

Operational Fees

SSMHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.03% 0.02% 17.54% 99.62%
Management Fee 0.00% 0.00% 1.50% 0.38%
12b-1 Fee 0.00% 0.00% 1.00% 7.90%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

SSMHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SSMHX 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.

SSMHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 250.31% 62.58%

SSMHX - Distributions

Dividend Yield Analysis

SSMHX Category Low Category High SSMHX % Rank
Dividend Yield 1.08% 0.00% 33.43% 48.85%

Dividend Distribution Analysis

SSMHX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

SSMHX Category Low Category High SSMHX % Rank
Net Income Ratio 1.19% -2.24% 2.75% 1.16%

Capital Gain Distribution Analysis

SSMHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SSMHX - Fund Manager Analysis

Managers

Karl Schneider

Start Date

Tenure

Tenure Rank

Aug 11, 2015

6.81

6.8%

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.

Ted Janowsky

Start Date

Tenure

Tenure Rank

Aug 11, 2015

6.81

6.8%

Ted Janowsky, CFA, is a Vice President of SSGA and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. In this capacity, he manages a diverse group of equity and derivative-based index portfolios and has played a significant role designing proprietary portfolio management software. Mr. Janowsky is head of the portfolio management team of SSGA's Company Stock Group, which manages all fiduciary transactions and company stock investments including employee stock ownership plans, 401(k) plans, defined benefit plans and non-qualified plans. Prior to joining the Global Equity Beta Solutions Group, he worked as an application developer in Investor Technology Services within State Street Corporation. He also worked as a business analyst in State Street's London and Sydney offices. Mr. Janowsky joined SSGA in 2005. Mr. Janowsky holds a Bachelor of Science in Business Administration from Bucknell University and a Master of Business Administration from the Carroll School of Management at Boston College. He has also earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the Boston Security Analysts Society.

Michael Feehily

Start Date

Tenure

Tenure Rank

Aug 11, 2015

6.81

6.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.4 11.76

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