State Street Institutional Premier Growth Equity Fund Investment Class
SSPGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1600 Summer Street Stamford CT United States of America 06905
- IPO Date
- Nov 1, 2005
- CIK
- 0001040061
- Similar Companies
- Business
- State Street Institutional Premier Growth Equity Fund Investment Class (SSPGX) is a mutual fund that seeks long-term growth of capital and future income by investing primarily in equity securities of large and medium-sized U.S. companies with above-average growth histories and potential; it allocates at least 80% of its net assets under normal circumstances to such common and preferred stocks, focusing on a limited number of holdings (typically around 34) selected for high-quality management, durable growth prospects, and reasonable valuations across industries including technology and consumer staples. The fund targets companies with market capitalizations of $2 billion or more, emphasizing those generating shareholder value; it may also invest to a lesser extent in foreign issuers and debt securities, benchmarking performance against the Russell 1000 Growth Index, with key characteristics including a weighted average market cap of approximately $884 billion, price/earnings ratio of 21.0, and price/book ratio of 7.74. Launched on October 29, 1999, and managed by SSGA Funds Management, Inc., a subsidiary of State Street Global Advisors (headquartered in Boston, Massachusetts), the fund serves institutional investors through its Investment Class shares (ticker: SSPGX; CUSIP: 85749F301), with total net assets recently around $17 million prior to closure. In a significant operational change, the fund became defunct effective April 24, 2023, ceasing operations as part of portfolio rationalization efforts by State Street Global Advisors, which has no recent reopenings or revivals announced; this liquidation reflects broader industry trends in fund closures amid market shifts. State Street Global Advisors, the fund's broader sponsor, has pursued strategic expansions including a 2025 partnership with Ethic to deliver customized investment solutions for institutional and intermediary clients, alongside enhancements to proxy voting choice programs showing 63% growth in U.S. ETF and mutual fund investor adoption by mid-2025. These developments underscore SSGA's focus on personalization, technology-driven offerings, and scaled proxy tools across approximately $1.9 trillion in eligible assets, though unrelated directly to the now-closed SSPGX fund.