State Street Defensive Emerging Markets Equity Fund Class N
SSEMX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Lincoln Street Boston MA 02111
- IPO Date
- Jan 2, 2019
- CIK
- 0000826686
- Similar Companies
- Business
- State Street Defensive Emerging Markets Equity Fund Class N (SSEMX) is an open-end mutual fund managed by SSGA Funds Management, Inc., a subsidiary of State Street Global Advisors, that seeks maximum total return, primarily through capital appreciation, by investing at least 80% of its net assets in equity securities of companies domiciled in or with substantial business in emerging markets. The fund employs a proprietary quantitative process to select stocks based on historical economic and financial factors including growth potential, valuation, quality, and investor sentiment; it also analyzes expected volatility to construct a diversified portfolio targeting lower absolute risk and volatility relative to the MSCI Emerging Markets Index benchmark, with country weightings limited to +/-10% of the index (+/-5% for smaller markets), approximate annual turnover of 40-70%, and explicit liquidity considerations. Key portfolio characteristics as of mid-2022 include 136 holdings, a weighted average market cap of $14.4 billion, P/E ratio of 8.59, P/B ratio of 1.30, and top sector exposures in financials (18.6%), information technology (16.4%), and communication services (12.1%); top country allocations feature Taiwan (25.6%), China (25.5%), and South Korea (12.8%), with leading holdings such as AP (Thailand) Public Co. Ltd., CTBC Financial Holding Company Ltd., and KT&G Corporation. The fund, which commenced operations for Class N shares on March 1, 1994, is headquartered in Boston, Massachusetts, as part of State Street Global Advisors—founded in 1978 and the investment management arm of State Street Corporation, a global financial services firm tracing roots to 1792—with operations spanning major financial centers worldwide including London, Hong Kong, Tokyo, and Dubai. In recent years, Class N shares have been closed to new investors since August 7, 2014, directing inflows to other share classes; the investment adviser maintains a contractual expense limitation through at least December 31, 2022, capping total annual operating expenses (excluding certain fees) at 1.00% for the net expense ratio of 1.25% (gross 1.73%), complemented by a 0.01% administration fee waiver; additionally, State Street Global Advisors rebranded to State Street Investment Management in 2025, reflecting strategic evolution amid broader industry shifts.