Fund Evaluator:

State Street Glb All Cap Eq ex-US Idx Overview

State Street Glb All Cap Eq ex-US Idx (SSGVX) is a passively managed International Equity Foreign Large Blend fund. State Street Investment Management launched the fund in 2014.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a broad-based index of world (ex-U.S.) equity markets over the long term. The Portfolio is an "index" fund that seeks to track, before fees and expenses, the total return performance of the MSCI ACWI ex USA Investable Market Index over the long term. Normally, it generally invests substantially all, but at least 80%, of its net assets (plus borrowings, if any) in securities comprising the index or in American Depositary Receipts or Global Depositary Receipts providing exposure to securities comprising the index.

About State Street Glb All Cap Eq ex-US Idx (SSGVX)

There are 3 members of the management team with an average tenure of 8.09 years: Emiliano Rabinovich (2026), Olga Winner (2014), Karl Schneider (2014). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI Ex USA IMI NR USD index with a weighting of 100%. State Street Glb All Cap Eq ex-US Idx has 5683 securities in its portfolio. The top 10 holdings constitute 13.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

State Street Glb All Cap Eq ex-US Idx is part of the Equity global asset class and is within the International Equity fund group. State Street Glb All Cap Eq ex-US Idx has 98.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2%. There is 98.1% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.2% (0.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street Glb All Cap Eq ex-US Idx has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $12 billion in total assets, which is above the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SSGVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street Glb All Cap Eq ex-US Idx expense ratio is low compared to funds in the Foreign Large Blend category. State Street Glb All Cap Eq ex-US Idx has an expense ratio of 0.04%, which is 96% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street Glb All Cap Eq ex-US Idx has a portfolio turnover rate of 6%, indicating that holds its assets around 0.2 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of August 2026, State Street Glb All Cap Eq ex-US Idx returned 3.0%, which earned it a grade of A, as the Foreign Large Blend category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

State Street Glb All Cap Eq ex-US Idx has a trailing yield of 2.85%, which is above the 2.13% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

State Street Glb All Cap Eq ex-US Idx Grades

Year to date, the fund has returned 17.0%, 3.0 percentage points better than the category, which translates into a grade of A. The fund has returned 26.7% over the past year (grade of A), 20.0% over the past three years (grade of B) and 9.1% per year over the past five years (grade of B) and 9.7% per year over the past 10 years (grade of B).

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