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I did a Google search. I have found references of SSgA real asset fund in several company 401k summary. It does not look like a mutual fund with a ticker you can query at mutual fund sites. This seems to be one of those funds specifically designed for 401k use. Your plan administrators should be able to provide info about it.
SSgA Real Asset (6/09) Managed by State Street Global Advisors Funds Management 30% Wilshire DJ REIT, 25% S&P GSCI Commodity, 25% MSCI World Natural Resources Stocks, 20% Barclays Capital Inflation Notes
This fund has ER=0.5% but seems to be a fund of funds with underlying funds ER=0.3% So, you are paying about 0.8% for this mix in total.
SSgA Real Asset Non-Lending Series Seeks to match the returns of a composite benchmark of the REIT Index (30%), S&P GSCI Index (25%), capitalization-weighted MSCI World Natural Resources Stocks Index (25%), and Barclays Capital Inflation Notes Index (20%).
In this document underlying fund ER is 0.22 so total ER=0.5+0.22=0.72%
Reply to @Investor: I see this sort of "specially packaged" funds more often in 401(K). Sometime annual reports are not available for these funds. Tracking performance is thus nearly impossible.
It's not an ETF for sure. I'm guessing from all the replies it is something packaged for 401ks. Maybe someday they will open it up for retail investors sorta like TRP did with PRAFX.
I'm not sure if "real assets" means actually buy underlying asset/futures or do what TRP fund does which is simply buy stocks. I don't see PRAFX as real assets fund at all, it is just buying bunch of natural resources / materials / energy stocks IMHO., I
Bottom line I wanted to look at the portfolio and compare and see how the fund has done. But my 401k plan literature does not offer any history or information and its held at Fidelity!!! If Fidelity cannot do this, then...
I got a similar offering in my old 401K a month ago. It is not run by SSGA, but a similar inflation fighting concept. It is, basically, a commingled fund of funds, with allocations spread among 4 asset classes and about 10 managers. The asset classes are: TIPS, Commodities, REITS, and Infrastructure. Please note that Commingled trust structure is cheaper than that of a mutual fund, but is only available to ERISA investors (and our 401Ks are example of those). I moved my assets into this offering a week ago, and together with a separate Pimco TIP fund, and a closed end fund CEF, these constitute my "CPI+" investment bucket.
Comments
Maybe their real asset ETF: SPDR SSgA Multi-asset Real Return (RLY)? SSgA has a fairly serious and useful discussion of the topic (http://www.ssga.com/definedcontribution/making-retirement-work/our-point-of-view/real-assets.html) but I don't see a particularly clear link from the discussion to the product.
For what it's worth,
David
Update:
The following PDF has some info on its composition at the time the PDF is prepared.
http://www.esghr.com/Portals/2/hrp_pdf/401k Materials_3-9-2011 8-53-02 AM.pdf
SSgA Real Asset (6/09)
Managed by State Street Global Advisors Funds Management
30% Wilshire DJ REIT, 25% S&P GSCI Commodity, 25% MSCI World
Natural Resources Stocks, 20% Barclays Capital Inflation Notes
This fund has ER=0.5% but seems to be a fund of funds with underlying funds ER=0.3% So, you are paying about 0.8% for this mix in total.
Here is another plan document that includes this fund:
https://fulfillment.lfg.com/CF/LFG/EF/26198/DIR-INV-BRC007_Z12_VIEW.pdf
SSgA Real Asset Non-Lending Series
Seeks to match the returns of a composite benchmark of the REIT
Index (30%), S&P GSCI Index (25%), capitalization-weighted MSCI
World Natural Resources Stocks Index (25%), and Barclays Capital
Inflation Notes Index (20%).
In this document underlying fund ER is 0.22 so total ER=0.5+0.22=0.72%
I'm not sure if "real assets" means actually buy underlying asset/futures or do what TRP fund does which is simply buy stocks. I don't see PRAFX as real assets fund at all, it is just buying bunch of natural resources / materials / energy stocks IMHO., I
Bottom line I wanted to look at the portfolio and compare and see how the fund has done. But my 401k plan literature does not offer any history or information and its held at Fidelity!!! If Fidelity cannot do this, then...