State Street MSCI®1 ACWI ex USA Index Individual Investment Option2

Strategies: Seeks an investment return that approximates as closely as practicable, before expenses, the performance of the MSCI ACWI ex USA Index over the long term.

Risks: There are risks involved with investing, including possible loss of principal. Generally, among asset classes, stocks are more volatile than bonds or short-term instruments. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations. Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.

Additionally, an investment in the strategy is subject to a number of risks, which include but are not limited to: cash position risk, concentration risk, conflicts of interest risk, counterparty risk, currency risk, custodial risk, cybersecurity risk, defensive investing risk/temporary defensive positions, depositary receipts risk, derivatives risk, emerging markets risk, energy sector risk,  equity investing risk, frontier markets risk, futures commission merchant risk, futures contract risks, other exchange traded derivatives risk, geographic focus risk, hedging risk, IPO risk, index tracking risk, industrial sector risk, investment risk, large shareholder risk, leveraging risk, limited investment program risk, liquidity risk, market capitalization risk, market disruption and geopolitical risk, market risk, market volatility; government intervention risk, modeling risk, non-U.S. securities risk, passive strategy/index risk, portfolio turnover risk, re-balancing policy risk, repurchase agreement risk, restricted securities risk, risk of investment in other pools, securities lending risk; risks of investment of cash collateral, settlement risk, significant withdrawal risk, small-, mid- and micro-cap companies risk, tax risk, U.S. tax withholding and reporting under the foreign account tax compliance act, utilities sector risk. A description of the risks of investing in this Fund is available in the Fund's strategy disclosure document which is available from Program Manager upon request.

Risk management does not promise any level of performance or guarantee against loss of principal. State Street encourages investors to seek the advice of well-qualified financial and tax advisors, accountants, attorneys and other professionals before making any investment or retirement decision.

Prices and Performance: Click here to review.

Expense Ratio: The estimated overall expense ratio for this Portfolio is:

Underlying Estimated Fund Expenses:3 0.09%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
Marketing and Distribution Fee: 0.25%
TOTAL: 0.61%
Underlying Estimated Fund Expenses:3 0.09%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
Marketing and Distribution Fee: 1.00%
TOTAL: 1.36%


Click to Review: Fact SheetStrategy Disclosure Document 

3 As of May 31, 2018.

Historical prices: Search for historical price information