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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.
ISIN | IE00B1XG4871 |
Ticker Symbol | SCMEURA ID |
Currency | EUR |
Benchmark | Euro short-term rate (€STR) |
Investment Manager | State Street Global Advisors Europe Limited |
Structure | OEIC - UCITS |
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 |
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 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, Fitch- www.fitchratings.com
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.
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.
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.
as of 28 Feb 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 | 28 Feb 2023 | €5,467.43 | 0.16% | 0.43% | 0.31% | 0.32% | -0.11% | -0.45% | -0.39% | -0.29% | 0.36% |
Index | 28 Feb 2023 | - | 0.16% | 0.45% | 0.32% | 0.39% | -0.02% | -0.46% | -0.43% | -0.36% | 0.27% |
Source: State Street Global Services / SSGA Ltd, Bloomberg - 28 February 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.
Date | Net Assets(€MM) | 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year |
Since Inception 22 Feb 2007 |
---|---|---|---|---|---|---|---|---|---|
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.
Source: State Street Global Services / SSGA Ltd - 28 February 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.
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.
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.
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.
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.
Fund Documents
Related Literature
Min. initial investment | €500,000 |
Subsequent | €5,000 |
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 |
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.
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.