State Street Small/Mid Cap Equity Index Fund Class I (SSMLX)
| Fund Assets | 683.88M |
| Expense Ratio | 0.245% |
| Min. Investment | $2,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 6.13 |
| Dividend Yield | 1.92% |
| Dividend Growth | -1.16% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 320.02 |
| YTD Return | 5.76% |
| 1-Year Return | 13.35% |
| 5-Year Return | 70.96% |
| 52-Week Low | 242.29 |
| 52-Week High | 335.35 |
| Beta (5Y) | n/a |
| Holdings | 1 |
| Inception Date | Oct 16, 2015 |
About SSMLX
The State Street Small/Mid Cap Equity Index Fund Class I is a passively managed mutual fund designed to track the performance of U.S. mid-cap and small-cap equities. Its primary objective is to provide investment results that, before expenses, correspond generally to the total return of the Russell Small Cap Completeness Index. This index captures the performance of companies within the Russell 3000, excluding those in the S&P 500, offering broad exposure to the extended U.S. equity market beyond large-cap stocks. The fund achieves its objective by investing substantially all of its assets in the State Street Small/Mid Cap Equity Index Portfolio, following an indexing strategy rather than engaging in traditional active management. It covers a diverse array of sectors, including consumer discretionary, health care, real estate, energy, and basic materials. This approach makes it an efficient tool for investors seeking comprehensive coverage of the U.S. small- and mid-cap market segments, serving both diversification and benchmarking purposes. Managed by SSGA Funds Management, the fund is noted for its cost-effectiveness and broad market representation, fulfilling a significant role in diversified equity portfolios.
Performance
SSMLX had a total return of 13.35% in the past year, including dividends. Since the fund's inception, the average annual return has been -18.66%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $6.1258 | Dec 26, 2024 |
| Dec 26, 2023 | $6.1976 | Dec 26, 2023 |
| Dec 27, 2022 | $36.3645 | Dec 27, 2022 |
| Dec 28, 2021 | $11.5513 | Dec 28, 2021 |
| Dec 29, 2020 | $4.177 | Dec 29, 2020 |
| Dec 27, 2019 | $14.292 | Dec 27, 2019 |