SSGA FUNDS MANAGEMENT, INC.

Thesis

SSGA Funds Management, Inc. (SSGA FM), established in 1978 and a subsidiary of State Street Corporation, is a global asset management firm with over $4.3 trillion in AUM as of March 31, 2024. It is a leader in index investing and ETFs, having launched the first U.S.-listed ETF. SSGA FM offers a broad range of products including ETFs, mutual funds, and alternative investments across equities, fixed income, commodities, infrastructure, and real estate. Their strategy involves creating customized solutions like indices and model portfolios, and they also act as a sub-adviser. While primarily serving institutional clients such as endowments and foundations, their products are accessible to a wider audience. A key focus is ESG investing, integrating these factors into their analysis and product development. The firm does not engage in typical venture-style investments with specific check sizes, focusing instead on large-scale fund and ETF management. SSGA FM is a significant investor in public markets through its funds, holding positions in major corporations. They also made a strategic investment in Groww Asset Management in India. The firm's headquarters are located at One Congress Street, Boston, MA 02114-2016, United States.