Public Growth

State Street Global Advisors (SSgA)

Founded in 1978 as the asset management division of State Street Corporation, SSgA provides institutional investment management services. In 1995, all of State Street's investment management services were reorganized as SSgA, headquartered in Boston, MA. At the time of investment, the division employed more than 2,000 people globally in 17 countries, with nine investment centers across the Americas, Europe and Asia.

Website: http://www.ssga.com/


Investment Approach	Initial Investment	Role in the Portfolio
These passive funds seek investment returns that approximate as closely as practical the performance of the target indexes, all of which are weighted based on market capitalization. The MSCI Canada fund is composed of Canadian common stocks. The MSCI EAFE fund consists of developed-market common stocks across Europe, Australasia and the Far East. The MSCI Emerging Markets fund is composed of common stocks from emerging markets across Asia, Europe, Latin America, and Africa. The Russell 3000 fund consists of large-, mid- and small-capitalization common stocks in the U.S. equity market.	$1,636,329,331 investment to the Russell 3000 Index NL Fund in September 2012. $98,364,000 investment to the MSCI Canada Index NL Fund in August 2012. $804,223,000 investment to the MSCI EAFE Index NL Fund in August 2012. $275,205,800 to the MSCI Emerging Markets Index NL Fund in August 2012. $1,000,000,000 investment into the SSgA Equity Factor Tilt Portfolio in 2015, funded over the course of 12 months.	This investment is part of the 40% ERSRI policy allocation to public growth.