State Street China Equity Select Fund
Data updated: 2022-05-27
C000212726 — State Street China Equity Select Fund. Money Market · $4.75M AUM · 0.90% expense ratio. Holdings, fees, performance and SEC filings.
C000212726 Fund Overview
State Street China Equity Select Fund is a US mutual fund managed by State Street Institutional Investment Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: State Street Institutional Investment Trust
- Category: Money Market
- Assets under management: $4.75M
- 1-year return: -34.7%
- SEC CIK: 0001107414
- SEC series ID: S000065844
- Share class ID: C000212726
C000212726 Investment Objective and Strategy
State Street China Equity Select Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by State Street Institutional Investment Trust.
Investment objective
The State Street China Equity Select Fund (the China Equity Select Fund or sometimes referred to in context as the Fund) seeks to provide long-term growth of capital.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings, if any, for investment purposes) in equity securities of Chinese companies. SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund, considers a Chinese company to be any company that is organized under the laws of, or has a principal office in, China; which principal trading market for its equity securities is in China; that SSGA FM considers to derive at least 50% of its total revenues or profits from goods that are produced or sold, investments made, or services performed in China; or at least 50% of whose assets are located in China. The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in its 80% policy. The notional value of the Fund's investments in derivatives or other synthetic instruments that provide exposure comparable, in the judgment of the Adviser, to the foregoing types of investments may be counted toward satisfaction of the Fund's 80% policy.
The Adviser seeks to select a portfolio of securities that it expects will offer sustainable growth prospects at a reasonable valuation and provide competitive returns as compared with the MSCI China Index (the Index). The Fund is a non-diversified investment company. The Fund uses a fundamental, research-driven investment process to build a portfolio of equity securities that SSGA FM believes offer sustainable growth prospects at a reasonable valuation. After screening the investment universe, SSGA FM analyzes individual companies by developing quantitative forecasts of a company's financial metrics. Portfolio construction is based on choosing companies after taking into account a combination of quality, sustainable growth, and valuation, while managing portfolio risk. The approach seeks to be disciplined and take a long-term perspective.
The Fund expects to invest primarily in common stocks, but may also invest in preferred stocks, securities convertible into common or preferred stocks. These securities may be represented by American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), Non- Voting Depositary Receipts (NVDRs) or Participatory Notes (P-Notes). This may include securities that trade in local Chinese, Hong Kong, or other overseas exchanges. While the Fund may invest in companies of any market capitalization, it expects to primarily invest in companies with market capitalizations (at the time of purchase) greater than $2 billion. The Fund may purchase securities in their initial public offerings, and may hold securities that are restricted as to resale. The Fund may invest in the securities of Chinese companies, normally restricted to residents of the People's Republic of China (commonly known as A Shares or China A Shares), through the Stock Connect program or other channels.
The Fund may also invest in other investments including but not limited to B shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of red chip companies with controlling Chinese shareholders that are incorporated outside of Mainland China and listed on the Hong Kong Stock Exchange, shares of China-related companies listed on the Hong Kong Stock Exchange, and shares of P-Chips companies with controlling Chinese shareholders incorporated outside of Mainland China, and listed on the Hong Kong Stock Exchange. The Fund may hold a portion of its assets in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSGA FM or an affiliate).
The Fund may invest in derivatives, such as futures contracts, in order to gain broad equity market exposures pending investments of cash, or to reduce market exposures pending the sales of securities.
C000212726 Performance
Total returns for C000212726 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -34.7% |
| 3 years (annualised) | 3.6% |
C000212726 Risk Information
Risk metrics for C000212726, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.2%
C000212726 Costs and Fees
C000212726 costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 3.13%
- Portfolio turnover: 53%
- Brokerage commissions: 5.22 bps of average net assets (SEC N-CEN)
C000212726 Cashflows
Over the 12 months to 2022-03, State Street China Equity Select Fund had net inflows of $8.47K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $0 |
| 2022-02 | $0 |
| 2022-01 | $0 |
| 2021-12 | $818 |
| 2021-11 | $0 |
| 2021-10 | $0 |
C000212726 Debt Constituents
No individual debt constituents are reported in State Street China Equity Select Fund's latest SEC N-PORT filing.
C000212726 Prospectus and SEC Filings
Official State Street China Equity Select Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-28
- Prospectus (485BPOS) — filed 2020-05-14
- Prospectus (485BPOS) — filed 2019-09-12
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Portfolio holdings (N-PORT) — filed 2022-02-25
- Portfolio holdings (N-PORT) — filed 2021-11-26
- Annual census (N-CEN) — filed 2022-03-14
- Annual census (N-CEN) — filed 2021-03-11
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.