The table below in this article presents The Skilled Investor’s Fund Authority Score and other information for the SSgA S & P 500 Index Fund (SVSPX). The Skilled Investor has also published an article about lower cost S&P 500 index mutual funds that you can read, which is entitled: Low Cost S&P 500 Index Mutual Funds. The State Street Global Advisors S & P 500 Index Fund is on the list in that article, and it is one of the best S&P500 index funds for a lower cost standpoint.
The diversified investment fund strategy of the SSgA Standard and Poors 500 Index mutual fund (SVSPX)
According to its prospectus filing on the U.S. Securities and Exchange Commission EDGAR system, the investment strategy of the State Street Global Advisors Standard and Poors 500 Index Fund (SVSPX) is “to seek to replicate the total return of the S&P 500® Index. The Fund seeks to achieve its investment objective by investing substantially all of its investable assets in a corresponding portfolio of the State Street Equity 500 Index Portfolio (the “S&P Master Fund”) that has the same investment objective and investment policies that are substantially similar to those of the Fund.”
Fund Authority Scores for mutual funds and exchange traded funds (ETFs) help you sort diversified investment funds quickly.
Fund Authority Scores rate mutual funds and exchange traded funds (ETFs) on the most important economic factors that influence individual investors’ net long term diversified investment fund performance. The Skilled Investor developed the Fund Authority Score system to provide individual investors with concise, objective, and realistic summaries of mutual funds and ETFs for comparisons within investment asset classes.
For a directory of the Fund Authority Score reports of other mutual funds and ETFs, go here. When you go to this Fund Authority Score directory, you can easily find a list of all fund reports at the bottom of each article for that particular investment asset class. For more information about how a Fund Authority Score is developed for each mutual fund or ETF, go here.
The Fund Authority Score for the SSgA S&P 500 Index Fund (SVSPX)
Using an integer scale ranging from -10 to +10, Fund Authority Scores for equity investment funds measure five factors:
1) annualized management and investment sales expenses (40% weighting), 2) annual trading costs implied by investment fund portfolio turnover (30% weighting), 3) inferior and superior historical performance (20% [...]