State Street Global All Cap Equity ex-U.S. Index Portfolio (SSGVX)

Overview

The Portfolio is an investment fund designed to replicate the performance of the MSCI ACWI ex USA Investable Market Index. By aiming to mirror the total return performance of this index before accounting for fees and expenses, the fund provides investors with broad exposure to international equities, excluding the United States. The strategy focuses on long-term investment gains by primarily investing in either the direct securities that constitute the index or in financial instruments such as American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs), which offer exposure to such securities. With a policy to invest at least 80% of its net assets in these securities or depositary receipts, the fund ensures significant adherence to its tracking objective while allowing some flexibility for managing cash flow and other operational requirements.

Products and Services

The Portfolio provides a singular investment product with specific characteristics designed to meet the needs of investors looking to diversify internationally:

• MSCI ACWI ex USA Investable Market Index Fund

  This investment vehicle aims to offer investors access to the performance of stock markets of developed and emerging countries, excluding the United States. The fund achieves this goal by substantially investing all, or at the very least 80%, of its net assets in the securities that make up the index, or in ADRs or GDRs that correspond to such securities. This approach intends to replicate the index's total return, which is comprised of capital appreciation and dividends, before fees and expenses. The choice of using depositary receipts provides added flexibility, allowing the fund to invest in non-U.S. markets efficiently and effectively.