SSGA Funds - State Street International Stock Selection Fund (Class N) (SSAIX) is an open-end equity mutual fund that seeks long-term capital growth by investing primarily in securities of foreign issuers located outside the United States. The Fund normally invests at least 80% of its net assets and borrowed funds in equity securities of non-U.S. companies, including common stocks, preferred stocks, convertible securities, and depositary receipts; it employs a quantitative, active stock selection process across diversified sectors and market capitalizations, benchmarking performance against the MSCI EAFE Net Dividend Index and MSCI ACWI ex USA Index. Top holdings include State Street Institutional US Government Money Market Fund, SAP SE, Novartis AG, Roche Holding AG, and Deutsche Telekom AG, with recent new positions such as Avolta AG, bioMérieux S.A., KITZ Corporation, Continental Aktiengesellschaft, and Technip Energies N.V.
Managed by SSGA Funds Management, Inc., a subsidiary of State Street Global Advisors, the Fund was incepted on March 7, 1995, and is domiciled in the United States with operations supporting institutional and individual investors targeting international developed markets such as Europe, Japan, and other regions tracked by the MSCI EAFE Index. State Street Global Advisors, the Fund's affiliate, maintains headquarters in Boston, Massachusetts, and serves clients globally across equities, fixed income, and multi-asset strategies.
In recent developments, SSGA Funds Management contractually agreed through December 31, 2025, to waive advisory fees and/or reimburse expenses to cap Total Annual Fund Operating Expenses at 0.75% of average daily net assets (excluding certain fees), alongside a 0.01% administration fee waiver; the parent organization underwent a significant rebranding in 2025, changing from State Street Global Advisors to State Street Investment Management with a new corporate logo aligned to State Street Corporation.