# State Street Global Advisors State Street Global Advisors (SSgA) is a global asset-management firm. SSgA's two documented relationships with the Israel Bonds investigation: **1. Pre-existing indirect Israel-sovereign exposure.** ATRS held a participating position in the SSgA U.S. Aggregate Bond Index NL Fund (CMX6) as of 11/30/2024. The fund's reported holdings included State of Israel sovereign CUSIPs and AID-Israel paper inside the U.S. aggregate fixed-income index. ATRS's pro-rata participation in those Israel-sovereign holdings is documented at [[atrs-pre-existing-indirect-exposure]] and [[ssga-cmx6-2024-11-30]]. The pre-existing exposure was approximately $1M of indirect Israel-sovereign holdings before the 6/2/2025 Resolution 2025-22 direct authorization of up to $50M. **2. Successor manager on Resolution 2025-48.** The 12/1/2025 ATRS Board adopted Resolution 2025-48 authorizing termination of the [[blackrock|BlackRock]] MSCI ACWI IMI Index Fund and redeployment to an ATRS-specific MSCI ACWI ex-China ex-Hong Kong IMI Unitized Account managed by SSgA (per [[atrs-board-audio-12-1-25]] and [[T048 - ATRS Resolution 2025-48 China Termination Independent Investment Decision vs SFOF Policy Coordination|T048]]). State Street Bank & Trust Company (the SSgA parent's banking arm) is also the custodian on the 9/25/2025 Reams Asset Management contract for the Israel Bonds mandate (per [[atrs-reams-contract-aon-guidelines]]). The 5/8/2025 Mark White directive to [[rod-graves]] named SSgA alongside Aon as an entity to be consulted for Board-packet input on the Israel Bonds proposal ("Please talk with Aon and/or State Street to see what they can present to the Board"). No SSgA-side substantive Israel Bonds work product is documented in the corpus. ## Cross-References [[blackrock|BlackRock]] predecessor manager on Resolution 2025-48 [[reams-asset-management|Reams Asset Management]] manager of the Israel Bonds mandate with State Street Bank as custodian [[atrs-pre-existing-indirect-exposure]] [[atrs-reams-contract-aon-guidelines]] concept pages [[ssga-cmx6-2024-11-30]] [[atrs-board-audio-12-1-25]] source pages