State Street Institutional Small-Cap Equity Fund (ICL)

Frequently Asked Questions About SIVIX

What does SIVIX invest in?

The fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) under normal circumstances in equity securities of small-cap companies, such as common and preferred stocks. It defines a small-cap company as one with a market capitalization that, at the time of initial investment, falls between (a) the market capitalization of the smallest company in the Russell 2000® Index and (b) either the larger of the market capitalization of the largest company in the Russell 2000® Index or $3.0 billion.

What is the expense ratio of SIVIX?

State Street Institutional Small-Cap Equity Fund (ICL) (SIVIX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SIVIX?

State Street Institutional Small-Cap Equity Fund (ICL) (SIVIX) manages $495.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SIVIX actively managed or an index fund?

SIVIX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SIVIX's is 0.75%) because there's no security selection cost.

When was SIVIX launched?

State Street Institutional Small-Cap Equity Fund (ICL) (SIVIX) launched in July 1998 and is managed by State Street / SPDR.

How has SIVIX performed?

SIVIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.