Fund Evaluator:

Elfun International Equity Overview

Elfun International Equity (EGLBX) is an actively managed International Equity Foreign Large Blend fund. State Street Investment Management launched the fund in 1988.

The investment seeks long-term growth of capital and future income. The fund seeks to achieve its investment objectives by investing at least 80% of its net assets under normal circumstances in equity securities, such as common and preferred stocks. It invests primarily (generally at least 65% of its net assets) in companies located in both developed and emerging market countries outside the U.S.

About Elfun International Equity (EGLBX)

There are 1 members of the management team with an average tenure of 26.85 years: Michael Solecki (1999). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Elfun International Equity has 66 securities in its portfolio. The top 10 holdings constitute 28.8% 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.

Elfun International Equity is part of the Equity global asset class and is within the International Equity fund group. Elfun International Equity has 92.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.5%. There is 92.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 2.8% (2.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Elfun International Equity has 2.2% of the portfolio in cash.

Assets Under Management

The fund has $176 million in total assets, which is below 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.

EGLBX 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 Elfun International Equity expense ratio is below average compared to funds in the Foreign Large Blend category. Elfun International Equity has an expense ratio of 0.37%, which is 61% 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. Elfun International Equity has a portfolio turnover rate of 19%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.

Recently, in the month of June 2026, Elfun International Equity returned 0.8%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 0.5%. 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.

Elfun International Equity has a trailing yield of 2.20%, which is above the 2.19% 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.

Elfun International Equity Grades

Year to date, the fund has returned 10.0%, 0.9 percentage points worse than the category, which translates into a grade of C. The fund has returned 16.3% over the past year (grade of D), 13.4% over the past three years (grade of F) and 7.4% per year over the past five years (grade of D) and 9.3% per year over the past 10 years (grade of C).

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