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        State Street EUR Liquidity LVNAV Fund - Institutional Accumulating IE00B1XG4871

        Overview Performance Liquidity Holdings Documents How to Buy More Insights
        Trans NAV

        Trans NAV

        This amount is the net asset value per share ("NAV") of the Fund caluclated using amortized cost. The Fund transacts (trades) using this price.
        €1,003.3867
        as of 27 Sep 2023
        Net Assets(€MM)
        €5,642.23
        as of 27 Sep 2023
        WAM

        WAM

        WAM (Weighted Average Maturity) is a measure of a fund's sensitivity to interest rate movements utilizing the interest-rate reset date and not a security's stated final maturity.
        25
        WAL

        WAL

        WAL (Weighted Average Life) is a measure of a fund's sensitivity to credit spreads or liquidity conditions utilizing a security's stated final maturity date or the date of the next demand feature. WAL does not reflect changes in the interest rate reset date.
        50
        as of 27 Sep 2023
        Daily Factor

        Daily Factor

        A decimal representing the portion of an annual yield earned in one day.
        -
        Yield
        -
        -
        -
        Net Performance
        0.31%
        2.18%
        as of 31 Aug 2023

        Quick Links

        Fund Objective

        The objective of the Fund is to maintain a high level of liquidity, preserve capital and provide a return in line with Euro money market rates.

        Fund Information as of 27 Sep 2023

        ISIN IE00B1XG4871
        Ticker Symbol SCMEURA ID
        Currency EUR
        Benchmark Bloomberg Xestron Index
        Investment Manager State Street Global Advisors Europe Limited
        Structure OEIC - UCITS
        SFDR Fund Classification SFDR - Article 8
        Domicile Ireland
        Regulator CBI
        Share Class Inception Date 22 Feb 2007
        Fund Inception Date 27 Jul 2001
        S&P Fund Rating* AAAm
        Fitch Fund Rating* AAAmmf
        Moody's Fund Rating* Aaa-mf
        Dealing Frequency Daily
        Total Expense Ratio 0.15%
        Min. initial investment €500,000
        Trading Deadline DD 01:30PM Irish time
        Settlement Accumulating NAV T+0
        IMMFA Member Yes

        *All portfolio information provided is as of the date referenced, unless otherwise noted, and is subject to change. Ratings by S&P, Moody's, and Fitch apply to the credit quality of a portfolio and are not a recommendation to buy, sell or hold securities of a fund, are subject to change, and do not remove market risks associated with investments in the fund. For complete information on the methodology and definitions used by each rating agency, please visit the following websites. S&P- http://www.standardandpoors.com/ratings/funds-mmf/en/us, Moody's- https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004, Fitch- www.fitchratings.com

        The ratings provided here are from Moody’s. SSGA makes no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.

        Yield quotations more closely reflect the current earnings of money market funds than the total return quotations.  Past performance is not a reliable indicator of future performance. 

        Historical NAV

        Download: Schedule of Daily Information

        The Historical Net Asset Value ("NAV") chart displays the Floating NAV of the fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by any Government agency. None of the State Street Corporation, State Street Bank and Trust Company, State Street Global Advisors or their affiliates ("State Street Entities") guarantee the value of your investment.

        Fund Level Market Value Test

        Download: Schedule of Daily Information

        The Fund Level Market Value Test is designed to show the extent of deviation, if any, of the low volatility net asset value ("LVNAV") of the Fund using the amortized cost method of valuation for securities with fewer than 75 days to maturity. During the calculation the Fund's NAV, portfolio securities with fewer than 75 days to maturity are valued at the fund's acquisition cost, and adjusted for amortization of premium or accretion of discount, intended to create a "stable NAV". This is compared to portfolio securities being valued based on available market quotations or current market factors, creating a likely "floating NAV". This calculation is required to be performed at least daily and is subject to the review of the Fund's Board of Trustees. If the Stable NAV of an LVNAV MMF Fund deviates from the NAV of the LVNAV MMF Fund by more than 20 basis points any redemption and subscription following such deviation shall be undertaken at the price equal to the NAV of the relevant Fund.

        Although a money market fund seeks to preserve the value of your investment at 1.00 Stable NAV unit per share, it is possible to lose money by investing in a money market fund. Investors should have no expectation of capital support to the Fund from State Street Entities.

        Current Net Fund Performance

        • Share Class Inception Date: 22 Feb 2007
        • Index Inception Date: 30 Jun 2000

        as of 31 Aug 2023

        As Of Net Assets(€MM) 1 Month 3 Month YTD 1 Year 2022 3 Year 5 Year 10 Year Since Inception
        22 Feb 2007
        Fund 31 Aug 2023 €5,814.49 0.31% 0.86% 1.89% 2.18% -0.11% -0.45% -0.03% -0.13% 0.45%
        Index 31 Aug 2023 - 0.31% 0.86% 1.90% 2.22% -0.02% -0.46% -0.06% -0.20% 0.36%

        Source: State Street Global Services / SSGA Ltd, Bloomberg - 31 August 2023

        "3 Year" yield figures are shown for the three year period as of the previous year end.

        All returns are net of fee.

        Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

        Due to the use of RDM no longer being allowed, the EUR Liquidity LVNAV Fund classes are all currently de-accumulating income. In this process the NAV will decrease by the negative income of the fund each day. This changes the fund accounting methodology from a type that treats negative income as income, to one which treats this income as a capital de-accumulation.

         

        On the 18th February 2019 the NAV value was converted to €1000.0000 per unit. This allows the full negative income movement to be captured in the price, providing additional transparency and accuracy, as well as resulting in a smoother movement in the unit price. The conversion factor used was 1:93.0726.

         

        The change in NAV value per unit does not change the value of the account as there is no difference in value under these two methods.

        Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions all fee waivers and expense reimbursements.

        Historical Fund Net Performance

        Date Net Assets(€MM) 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
        22 Feb 2007
        31 Aug 2023 €5,814.49 0.31% 0.86% 1.89% 2.18% -0.45% -0.03% -0.13% 0.45%
        31 Jul 2023 €6,006.93 0.29% 0.81% 1.58% 1.85% -0.45% -0.10% -0.16% 0.43%
        30 Jun 2023 €5,736.30 0.26% 0.76% 1.28% 1.51% -0.45% -0.17% -0.19% 0.42%
        31 May 2023 €5,743.29 0.26% 0.70% 1.02% 1.19% -0.45% -0.23% -0.22% 0.40%
        30 Apr 2023 €5,544.93 0.23% 0.61% 0.76% 0.88% -0.45% -0.29% -0.24% 0.39%
        31 Mar 2023 €5,307.26 0.21% 0.52% 0.52% 0.59% -0.45% -0.34% -0.27% 0.38%
        28 Feb 2023 €5,467.43 0.16% 0.43% 0.31% 0.32% -0.45% -0.39% -0.29% 0.36%
        31 Jan 2023 €6,156.47 0.15% 0.37% 0.15% 0.10% -0.45% -0.43% -0.31% 0.36%

        No data available.

        Download: Net Performance Prior 12-31-2018 Net Performance Since 12-31-2018

        Source: State Street Global Services / SSGA Ltd - 31 August 2023

        All returns are net of fee.

        Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

        Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions all fee waivers and expense reimbursements.

        Data is of the date indicated, is subject to change, and should not be relied upon as current thereafter.

        Unless otherwise noted all information contained herein is that of the SSgA EUR Liquidity Fund.

        Liquid Assets

        Download: Schedule of Daily Information

        Daily Liquid Assets are defined as cash, direct obligations of the Government, securities that will mature (or are subject to a demand feature that is exercisable and payable) within one business day, or proceeds of pending sales of portfolio securities due within one business day.

        Download: Schedule of Daily Information

        Weekly Liquid Assets are defined as cash, direct obligations of the Government, certain securities issued by entities acting as an instrumentality of (and controlled or supervised by) the Government. Securities that will mature (or are subject to a demand feature that is exercisable and payable) within five business days, or proceeds of pending sales of portfolio securities due within five business days.

        Net Inflows/Outflows

        Download: Schedule of Daily Information

        The Daily Net Inflows/Outflows chart is designed to show the variability of the Fund's daily cash flows. The net inflows or outflows of the Fund are calculated by taking the daily total new Fund share purchases (including exchanges made into the Fund) and subtracting the daily total Fund share redemptions (including exchanges made out of the Fund). The existence of any daily inflows or outflows will not necessarily have a direct or indirect correlation to the Fund's investment performance.

        Download: Schedule of Daily Information

        The Monthly Net Inflows/Outflows chart is designed to show the variability of the Fund's monthly cash flows. The net inflows or outflows of the Fund are calculated by taking the monthly total new Fund share purchases (including exchanges made into the Fund) and subtracting the monthly total Fund share redemptions (including exchanges made out of the Fund). The existence of any monthly inflows or outflows will not necessarily have a direct or indirect correlation to the Fund's investment performance.

        Maturity Distributions as of 31 Aug 2023

        Weight
        Overnight
        33.68%
         
        2 - 7 Days
        12.74%
         
        8 - 30 Days
        17.99%
         
        31 - 90 Days
        21.71%
         
        91-180 Days
        6.38%
         
        180-397 Days
        7.50%
         

        Source: SSGA Ltd - Legal Maturity, 31 August 2023

        Rounding differences may occur as asset values are calculated to greater than one decimal place.

        Fund Sector Allocation as of 31 Aug 2023

        Sector Weight
        Commercial Paper 25.00%
        Certificates of Deposit 22.77%
        Time Deposits 21.78%
        Asset Backed Commercial Paper 10.97%
        Government Guaranteed 10.19%
        Repurchase Agreement 5.96%
        Government Agency 1.25%
        Corporate and Bank Notes 1.22%
        Supranational 0.86%

        Source: SSGA Ltd, 31 August 2023

        Credit Quality Distribution as of 31 Aug 2023

        Sector Weight
        A-1 65.55%
        A-1+ 34.45%

        Source: SSGA Ltd, 31 August 2023

        Short-term ratings from S&P are used. If no short-term rating is available, the lower long-term rating is used. S&P deems the investments rated 'A-1' maturing in 7 days or less equivalent to 'A-1+'. This document reflects actual issue ratings.

        Minimum Investment

        Min. initial investment €500,000
        Subsequent €5,000

        Payment Details

        Currency EUR
        Beneficiary Bank Bank of America N.A., Frankfurt
        Beneficiary Account Name State Street Global Advisors Liquidity plc.
        Beneficiary BIC BOFADEFX
        Beneficiary Account Number 19923018
        CHAPS Sort Code -
        IBAN DE14500109000019923018

        Dealing Procedures

        Deals may be placed by telephone, by fax or online through a portal. If dealing by fax, please ensure the appropriate dealing form is used for the share class.

        Dealing Team

        To place a trade call +353 1 853 8281 or send fax to +353 1 523 3704.

        Stock Transfers

        If you wish to carry out a stock transfer between any of your accounts, please contact us online or call +44 (0)20 3395 2333 for the procedure outlining the required original documentation.

        Queries

        For all queries relating to trade instructions, distributions, contract notes, statements and payments contact us online or call +44 (0)20 3395 2333.

        Payment Instructions

        Please ensure monies are transferred by CHAPS, SWIFT or Federal Wire transfer to the appropriate account on settlement date before the cut-off times specified. Redemption proceeds will be paid to the respective currency account as per instructions on the account opening form, unless advised otherwise in writing by an authorised signatory.

        Trading Deadline DD 01:30PM Irish time
        Subscription Settlement Cut-Off MT202 (pre-advised): EUR 3.30pm Irish Time
        MT103 (pre-advised): EUR 3.30pm Irish Time
        Redemption Receipt Settlement MT202 (pre-advised): EUR 3.30pm Irish Time
        MT103 (pre-advised): EUR 3.30pm Irish Time

        All returns are net of fee.

        Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

        Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions all fee waivers and expense reimbursements.

        Data is of the date indicated, is subject to change, and should not be relied upon as current thereafter.

        Unless otherwise noted all information contained herein is that of the SSgA EUR Liquidity Fund.

        MARKETING COMMUNICATION

                             

        FOR PROFESSIONAL INVESTORS USE ONLY.

         

        Investing involves risk including the risk of loss of principal.

         

        The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor.

         

        The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.

         

        All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.  There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

         

        This content has been issued by State Street Global Advisors Europe Limited (“SSGAEL”), regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered number 49934. T: +353 (0)1 776 3000. Fax: +353 (0)1 776 3300.

         

        Please refer to the Fund’s latest Key Information Document (KID) and Prospectus before making any final investment decision. The latest English version of the prospectus and the KID can be found at www.ssga.com. A summary of investor rights can be found here:

        https://www.ssga.com/library-content/products/fund-docs/summary-of-investor-rights/ssga-investors-rights-summary-template-non-etf-Lux.pdf

         

        Note that the Management Company may decide to terminate the arrangements made for marketing and proceed with de-notification in compliance with Article 93a of Directive 2009/65/EC.

         

        The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
         

        5077518.1.3.EMEA.INST

        Exp. 31.01.2024

        © [[]] %%State Street Corporation%%. All rights reserved.