Main Investment Strategy. In seeking to track the performance of the S&P Developed Ex-U.S. BMI Index, the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the S&P Developed Ex-U.S. BMI Index. Instead, the Fund may purchase a subset of the securities in the S&P Developed Ex-U.S. BMI Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the S&P Developed Ex-U.S. BMI Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA FM Inc., the investment advisor to the Fund, either may invest the Fund’s assets in a subset of securities in the S&P Developed Ex-U.S. BMI Index or may invest the Fund’s assets in substantially all of the securities represented in the S&P Developed Ex-U.S. BMI Index in approximately the same proportions as the S&P Developed Ex-U.S. BMI Index, as determined by the Advisor to be in the best interest of the Fund in pursuing its objective. The Fund is classified as “diversified” under the Investment Company Act of1940, as amended; however, the Fund may become “non-diversified” solely as a result of changes in the composition of the S&P Developed Ex-U.S. BMI Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers. Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the S&P Developed Ex-U.S. BMI Index and in depositary receipts (including American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) based on securities comprising the S&P Developed Ex-U.S. BMI Index. In addition, in seeking to track the S&P Developed Ex-U.S. BMI Index, the Fund may invest in equity securities that are not included in the S&P Developed Ex-U.S. BMI Index (including common stock, preferred stock, depositary receipts and shares of other investment companies), cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Advisor). In seeking to track the S&P Developed Ex-U.S. BMI Index, the Fund’s assets will generally be concentrated in an industry or group of industries to the extent that the S&P Developed Ex-U.S. BMI Index c...
Main Investment Strategy. Confirm: The Sub-Adviser under normal market condition, write (sell) covered call options on the common stocks held by the Fund [prospectus]
Main Investment Strategy. Confirm: The Sub-Adviser may also as part of its option strategy, purchase put options on the MSCI world Index, the S&P 500 Index, The Financial Times Stock Exchange Index ("FTSE"), The Nikkei All Stock Index ("NIKKEI"), The Dow Xxxxx Euro Stoxx 50 (price) Index ("EUROSTOXX50") or any other broad-based global, regional or local securities indices for large, mid or small capitalization equities. [prospectus]
Main Investment Strategy. In seeking to track the performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index, the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Bloomberg 1-3 Month U.S. Treasury Bill Index. Instead, the Fund may purchase a subset of the securities in the Bloomberg 1-3 Month U.S. Treasury Bill Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Bloomberg 1-3 Month U.S. Treasury Bill Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc., the investment advisor to the Fund, either may invest the Fund’s assets in a subset of securities in the Bloomberg 1-3 Month U.S. Treasury Bill Index or may invest the Fund’s assets in substantially all of the securities represented in the Bloomberg 1-3 Month U.S. Treasury Bill Index in approximately the same proportions as the Bloomberg 1-3 Month U.S. Treasury Bill Index, as determined by the Advisor to be in the best interest of the Fund in pursuing its objective. Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Bloomberg 1-3 Month U.S. Treasury Bill Index and in securities that the Advisor determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Bloomberg 1-3 Month U.S. Treasury Bill Index. In addition, in seeking to track the Bloomberg 1-3 Month U.S. Treasury Bill Index, the Fund may invest in debt securities that are not included in the Bloomberg 1-3 Month U.S. Treasury Bill Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Advisor). The Bloomberg 1-3 Month U.S. Treasury Bill Index is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to 1 month and less than 3 months. The Bloomberg 1-3 Month U.S. Treasury Bill Index includes all publicly issued U.S. Treasury Bills that have a remaining maturity of less than 3 months and at least 1 month, are rated investment-grade. In addition, the securities must be denominated in U.S. dollars and must have a fixed rate. The Bloomberg 1-3 Month U...
