State Street Global Advisors (SSGA) advises funds tracking the MSCI USA Factor Mix A-Series Capped Index, employing a sampling strategy to mirror its performance. This approach allows flexibility in purchasing securities, aiming for a portfolio with similar risk-return characteristics as the index. SSGA Funds Management, Inc., the adviser to the fund, may invest in a subset of index securities or replicate the index proportionally, depending on factors like fund size. Typically, the fund invests at least 80% of its assets in index securities under normal market conditions. Besides index components, the fund may include non-index equity securities, cash equivalents, or money market instruments. The index, sponsored by MSCI, Inc., comprises large and mid-cap US companies, focusing on three factors: value, quality, and low volatility. It combines MSCI USA Value Weighted, Quality, and Minimum Volatility Indices equally, adjusted semi-annually following MSCI's methodology. Notably, the fund's holdings are concentrated in technology and healthcare sectors as of August 2023, although this allocation may vary over time. With 627 securities as of July 2023, the Index Provider determines index composition and publishes related market information, remaining independent from the fund and its adviser.
QUS Dividend is an investment product overseen by State Street Global Advisors, designed to provide investors exposure to dividends from companies within the MSCI USA Index. Employing a dividend-weighted strategy, this fund seeks to track the performance of the MSCI USA Dividend Points Capped Index, which includes companies with a history of consistent dividend payments. The fund's approach involves investing in a subset of securities from the index or replicating it proportionally, with the goal of achieving similar risk-return characteristics. Under normal market conditions, a significant portion of the fund's assets is typically allocated to dividend-paying securities within the index, while also allowing for investments in non-dividend-paying equities, cash equivalents, or money market instruments. As with other State Street Global Advisors-managed funds, QUS Dividend prioritizes transparency and adherence to its stated investment objectives, providing investors with an opportunity to access dividends from a diversified portfolio of US companies while maintaining focus on risk management and long-term growth potential.
QUS Tracking, managed by State Street Global Advisors, is a fund designed to closely mirror the performance of the MSCI USA Index. Utilizing a tracking strategy, this fund aims to replicate the index's returns by holding a portfolio of securities that closely resemble those in the benchmark. Through careful selection and weighting of securities, QUS Tracking seeks to achieve similar risk-return characteristics as the MSCI USA Index. The fund typically invests a significant portion, if not all, of its assets in securities comprising the index, maintaining alignment with its investment objective. Additionally, QUS Tracking may invest in equity securities not included in the index, along with cash equivalents or money market instruments, to enhance liquidity and manage risk effectively. State Street Global Advisors emphasizes transparency and diligence in managing this fund, providing investors with a reliable vehicle to gain exposure to the broad US equity market while minimizing tracking error and maximizing returns over the long term.
QUS Correlation, under the stewardship of State Street Global Advisors, is a fund engineered to closely track the correlation of the MSCI USA Index. Employing a correlation-based strategy, this fund endeavors to replicate the index's correlation patterns by constructing a portfolio of securities that mirrors its movements. By carefully selecting and weighting securities, QUS Correlation aims to achieve a comparable correlation profile to the MSCI USA Index. Typically, the fund invests a substantial portion, if not all, of its assets in securities that exhibit a strong correlation with the index, maintaining fidelity to its investment objective. Additionally, QUS Correlation may include investments in non-index equities, cash equivalents, or money market instruments to enhance portfolio diversification and mitigate correlation risk. State Street Global Advisors emphasizes transparency and rigor in managing this fund, providing investors with a reliable avenue to capture the correlation dynamics of the US equity market while striving to optimize risk-adjusted returns over time.
QUS Sector, managed by State Street Global Advisors, is a fund tailored to provide exposure to specific sectors within the MSCI USA Index. Utilizing a sector-focused strategy, this fund aims to replicate the performance of selected sectors within the index by investing in a portfolio of securities concentrated in those sectors. With a keen focus on sector allocation and weighting, QUS Sector seeks to achieve similar risk-return characteristics as the targeted sectors within the broader index. The fund typically allocates a significant portion, if not all, of its assets to securities representing the chosen sectors, while also allowing for investments in non-sector-specific equities, cash equivalents, or money market instruments to maintain liquidity and manage risk effectively. State Street Global Advisors emphasizes transparency and discipline in managing this fund, providing investors with a tailored approach to gain exposure to specific sectors of the US equity market while aiming to optimize sector-specific returns over the long term.
QUS Exposure, managed by State Street Global Advisors, is a fund crafted to offer investors targeted exposure to specific themes, factors, or investment strategies within the MSCI USA Index. With a focus on delivering precise exposure to desired market characteristics, this fund utilizes a sophisticated strategy to replicate the performance of selected exposures within the index. Through meticulous selection and weighting of securities, QUS Exposure aims to closely match the risk-return profile of the targeted exposures, providing investors with a means to capitalize on specific market themes or investment strategies. The fund typically allocates a significant portion, if not all, of its assets to securities representing the targeted exposures, while also allowing for investments in non-exposure-specific equities, cash equivalents, or money market instruments to maintain portfolio diversification and liquidity. State Street Global Advisors emphasizes transparency and expertise in managing this fund, offering investors an opportunity to gain precise exposure to desired market factors or investment themes while aiming to optimize risk-adjusted returns over time.
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