SSgA Global Alpha Edge Equity Fund I
The fund uses an active, bottom-up quantitative stock selection process, which allows the manager to identify the best stocks within each global industry – those with the most attractive combination of value, growth, sentiment and quality. The strategy extends traditional investment practices by relaxing the long-only constraint and
allowing for risk-controlled short selling of up to 30%. All short positions are matched with additional long positions to create a portfolio that results in full market exposure. Short selling allows the strategy to take full advantage of the model’s insights and produce more efficient excess returns. A defining measure of the strategy is its use of hedged short positions
to seek high excess returns. The core approach allows for stock selection to add value in most market environments.
Tools
Share Class:
[P] All investors (USD)
[P] All investors (EUR)
Fund Highlights as of 12/31/2009
Sub-fund :
sub-fund of the French 'Fonds Commun de Placement' (FCP) 'State Street Global Advisors Edge Umbrella'
Legal Status :
French ”Fonds Commun de Placement” (FCP), UCITS III compliant
Benchmark :
MSCI World net dividends reinvested
Currency :
USD
Net asset (in million) :
413.35 USD as of 12/31/2009
NAV :
62.31 USD as of 02/05/2010
Classification :
International Equities
Management Style :
Active Quantitative Management
Dividends :
Capitalisation
Legal launch date of the share class :
12/14/2006
Date of the first price taken into account for the performance calculation :
01/31/2007
Exercise closing date :
Last Paris trading day of June.
Recommended investment period:
5 years
Zone :
World
ISIN code :
FR0010380683
Bloomberg code :
SSGLAED FP
SEDOL code :
99S2GAE
Risk/Return Grade
Fund Objective
The SSgA Global Alpha Edge Equity Fund seeks to outperform the MSCI World Index by 4% per annum using a quantitative stock selection process.
Registration Status
This fund is listed in the following countries :
France, Germany
Top 10 as of 12/31/2009
Name
Country
Weight
Exxon Mobil Corp.
UNITED STATES
1.69 %
International Business Machines Corp.
UNITED STATES
1.29 %
General Electric Co.
UNITED STATES
1.22 %
Ford Motor Co.
UNITED STATES
1.18 %
Cisco Systems Inc.
UNITED STATES
1.15 %
Johnson & Johnson
UNITED STATES
1.13 %
BP PLC
UNITED KINGDOM
1.13 %
JPMorgan Chase & Co.
UNITED STATES
1.12 %
Nestle S.A.
SWITZERLAND
1.12 %
Microsoft Corp.
UNITED STATES
1.07 %
12.09 %
Geographic Allocation as of 12/31/2009
Name
Portfolio
Index
Australia
4.04 %
3.94 %
Austria
-
0.15 %
Belgium
-
0.46 %
Canada
4.90 %
4.86 %
Denmark
-0.07 %
0.41 %
Finland
0.60 %
0.53 %
France
5.79 %
4.94 %
Germany
6.13 %
3.78 %
Greece
0.39 %
0.22 %
Hong Kong
0.94 %
1.12 %
Ireland
-
0.13 %
Italy
2.94 %
1.58 %
Japan
8.67 %
9.71 %
Netherlands
1.12 %
1.34 %
New Zealand
-
0.05 %
Norway
1.10 %
0.34 %
Portugal
-
0.15 %
Singapore
0.77 %
0.70 %
Spain
3.65 %
2.16 %
Sweden
0.42 %
1.16 %
Switzerland
1.50 %
3.62 %
United Kingdom
7.43 %
10.17 %
United States
48.70 %
48.07 %
99.02 %
99.58 %
Sector Allocation as of 12/31/2009
Name
Portfolio
Index
Consumer Discretionary
9.70 %
9.34 %
Consumer Staples
10.21 %
10.16 %
Energy
10.68 %
10.93 %
Financials
21.05 %
20.59 %
Health Care
9.41 %
10.07 %
Industrials
11.26 %
10.43 %
Information Technology
11.24 %
11.96 %
Materials
7.39 %
7.52 %
Telecommunication Services
4.21 %
4.41 %
Utilities
4.85 %
4.61 %
100.00 %
100.00 %
Fund Statistics as of 12/31/2009
Fund
Index
Average Price/Earnings (current)
16.79
17.38
Average Price/Book
3.47
3.32
Average Price/Cash Flow
-4.84
13.02
Dividend Yield
2.68
2.50
Number of Holdings
412
1656
Average Market Cap. (in million USD )
45783.00
45538.00
