About SSMJX
The State Street Small/Mid Cap Equity Index Fund Class A is a mutual fund designed to track the performance of a comprehensive index of U.S. small- and mid-capitalization equities. Its primary objective is to provide investment results, before expenses, that generally correspond to the total return of the Russell Small Cap Completeness Index. This benchmark covers the segment of the market represented by companies in the Russell 3000® Index, excluding those in the S&P 500®, thus capturing a broad and diversified range of emerging and established smaller companies across various industries.
The fund employs a passive, index-based investment approach, investing at least 80% of its net assets in stocks included in the benchmark index. This structure provides investors with broad exposure to the dynamic sectors of the U.S. economy, including industrials, technology, consumer discretionary, and healthcare. Managed by State Street Global Advisors, a recognized leader in index solutions, the fund aims to serve as a core holding for investors seeking diversified access to small- and mid-cap equities, making it a valuable tool for broadening portfolio diversification beyond large-cap stocks.
Fund Family State Street Investment Management
Category Mid-Cap Blend
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol SSMJX
Share Class Class A
Index Russell Small Cap Completeness TR
SSMJX had a total return of 10.91% in the past year, including dividends. Since the fund's
inception, the average annual return has been -15.72%.
