State Street Institutional Small-Cap Equity Fund (ICL)
SIVIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Biography
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Stamford CT 06905 Minneapolis MN United States of America 55402
- IPO Date
- Jul 31, 1998
- CIK
- 0001142702
- Website
- sitinvest.com
- Similar Companies
- Business
- State Street Institutional Small-Cap Equity Fund Investment Class (SIVIX) is an open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its net assets in equity securities of small-cap companies, including common and preferred stocks; it defines small-cap companies as those with market capitalizations at the time of investment falling between the smallest company in the Russell 2000 Index and the larger of the largest company in the Russell 2000 Index or $3.0 billion. The fund employs a multi-sub-adviser strategy combining growth, value, and core investment styles, with assets allocated among sub-advisers including Champlain Investment Partners, LLC, Kennedy Capital Management LLC, Palisade Capital Management, LP, SouthernSun Asset Management, LLC, and Westfield Capital Management Company, L.P., to identify securities exhibiting high-quality management, attractive products or services, appropriate capital structures, strong competitive positions, and favorable valuations or growth potential; up to 20% of net assets may be invested in securities outside the small-cap range, up to 10% in foreign securities, up to 20% in debt securities including up to 10% in below-investment grade debt, and derivatives such as futures, options, and forward contracts for exposure or hedging. The fund, domiciled in the United States and available primarily to institutional investors with a minimum initial investment of $5 million to $10 million, benchmarks performance against the Russell 2000 Index, maintains a portfolio of approximately 282 to 329 holdings with sector weights led by industrials (around 22%), financials (16%), information technology (15%), and health care (12%), and reports total net assets of approximately $488 million to $539 million, a net expense ratio of 0.75% (with a contractual waiver through January 31, 2026), and a CUSIP of 85749F822. Launched on August 3, 1998, and managed from Boston, Massachusetts, by SSGA Funds Management, Inc. (investment adviser) and State Street Global Advisors Funds Distributors, LLC (distributor), the fund operates within the small blend category targeting U.S. small-cap equities for institutional clients such as pension funds and endowments. In recent developments, SSGA Funds Management, Inc. maintains a contractual fee waiver and expense reimbursement arrangement through January 31, 2026, ensuring total annual fund operating expenses (excluding certain items) do not exceed 0.75% of average daily net assets, reflecting ongoing cost management amid market volatility; a prospectus supplement dated April 30, 2024, addressed updates to the January 31, 2024, documents for the fund and its Service Class (SSQSX), indicating routine regulatory and operational adjustments without reported major sub-adviser terminations, new product launches, acquisitions, or strategic shifts in the past 1-2 years.