Fund Evaluator:

State Street Hedged Intl Dev Eq Idx K Overview

State Street Hedged Intl Dev Eq Idx K (SSHQX) is a passively managed International Equity Foreign Large Blend fund. State Street Investment Management launched the fund in 2015.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE (Europe, Australasia, Far East) 100% Hedged to USD Index. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings, if any) in equity securities of issuers in developed economies or securities markets. The index is designed to capture the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI EAFE Index, to the U.S. dollar.

About State Street Hedged Intl Dev Eq Idx K (SSHQX)

There are 3 members of the management team with an average tenure of 7.54 years: Emiliano Rabinovich (2026), Karl Schneider (2015), David Chin (2015). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI EAFE 100% Hedged NR USD index with a weighting of 100%. State Street Hedged Intl Dev Eq Idx K has 6 securities in its portfolio. The top 10 holdings constitute 101.8% 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 Hedged Intl Dev Eq Idx K is part of the Equity global asset class and is within the International Equity fund group. State Street Hedged Intl Dev Eq Idx K has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.6%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street Hedged Intl Dev Eq Idx K has 43.4% of the portfolio in cash.

Assets Under Management

The fund has $4 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.

SSHQX 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 Hedged Intl Dev Eq Idx K expense ratio is below average compared to funds in the Foreign Large Blend category. State Street Hedged Intl Dev Eq Idx K has an expense ratio of 0.20%, which is 79% 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 Hedged Intl Dev Eq Idx K has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of July 2026, State Street Hedged Intl Dev Eq Idx K returned 1.0%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. 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 Hedged Intl Dev Eq Idx K has a trailing yield of 3.07%, which is above the 2.17% 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 Hedged Intl Dev Eq Idx K Grades

Year to date, the fund has returned 14.1%, 2.5 percentage points better than the category, which translates into a grade of A. The fund has returned 27.7% over the past year (grade of B), 18.3% over the past three years (grade of A) and 13.9% per year over the past five years (grade of A) and 12.4% per year over the past 10 years (grade of A).

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