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    State Street EUR Liquidity LVNAV Fund - S3 IE00B3LCZR71

    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.

    €991.9124

    as of 09 Sep 2020

    Net Assets

    €6,437,178,135

    as of 09 Sep 2020

    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.

    42

    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.

    43

    as of 09 Sep 2020

    Daily Factor

    Daily Factor

    A decimal representing the portion of an annual yield earned in one day.

    -

    as of 09 Sep 2020

    Yield

    -0.60%

    -0.59%

    -0.58%

    as of 09 Sep 2020

    1 Day 7 Day 30 Day
    Net Performance

    -0.05%

    -0.54%

    as of 31 Aug 2020

    1 MONTH 1 YEAR
    Quick Links

    Fund Objective

    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 29 Sep 2020

    Fund Information as of 29 Sep 2020
    ISIN Ticker Symbol Currency Benchmark Investment Manager Structure
    IE00B3LCZR71 SSELQS3 ID EUR EUR 7 Day Libid State Street Global Advisors Limited OEIC - UCITS
    ISIN IE00B3LCZR71
    Ticker Symbol SSELQS3 ID
    Currency EUR
    Benchmark EUR 7 Day Libid
    Investment Manager State Street Global Advisors Limited
    Structure OEIC - UCITS
    Domicile Regulator Inception Date S&P Fund Rating* Fitch Fund Rating* Dealing Frequency
    Ireland CBI 01 Aug 2011 AAAm AAAmmf Daily
    Domicile Ireland
    Regulator CBI
    Inception Date 01 Aug 2011
    S&P Fund Rating* AAAm
    Fitch Fund Rating* AAAmmf
    Dealing Frequency Daily
    Total Expense Ratio Min. initial investment Trading Deadline Settlement IMMFA Member
    0.10% €50,000,000 DD 01:30PM Irish time T+0 Yes
    Total Expense Ratio 0.10%
    Min. initial investment €50,000,000
    Trading Deadline DD 01:30PM Irish time
    Settlement 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

    Historical NAV

    Historical NAV

    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, SSGA Funds Management, Ltd. or their affiliates ("State Street Entities") guarantee the value of your investment.

    Fund Level Market Value Test

    Fund Level Market Value Test

    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

    Current Net Fund Performance

    • Fund Inception Date: 01 Aug 2011
    • Index Inception Date: 30 Jun 2000
    Performance
    Month End

    as of 31 Aug 2020

    As Of Net Assets(€MM) 1 Month 3 Month YTD 1 Year 2019 3 Year 5 Year 10 Year Since Inception
    01 Aug 2011
    Fund 31 Aug 2020 €5,884.99 -0.05% -0.13% -0.36% -0.54% -0.51% -0.50% -0.45% - -0.18%
    Index 31 Aug 2020 - -0.06% -0.17% -0.44% -0.67% -0.61% -0.57% -0.55% - -0.29%

    Source: State Street Global Services / SSGA Ltd, Bloomberg - 31 August 2020

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

    All returns are net of fee.

    Performance quoted represents past performance, which is no guarantee of future results. 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 from €1.00 per unit, 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 1:1000.

     

    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

    Historical Fund Net Performance

    Date Net Assets(€MM) 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    01 Aug 2011
    31 Aug 2020 €5,884.99 -0.05% -0.13% -0.36% -0.54% -0.50% -0.45% - -0.18%
    31 Jul 2020 €6,310.15 -0.04% -0.13% -0.31% -0.54% -0.50% -0.44% - -0.18%
    30 Jun 2020 €5,736.25 -0.04% -0.12% -0.26% -0.53% -0.50% -0.43% - -0.18%
    31 May 2020 €5,438.46 -0.04% -0.13% -0.22% -0.53% -0.50% -0.42% - -0.17%
    30 Apr 2020 €5,345.34 -0.04% -0.14% -0.18% -0.53% -0.50% -0.42% - -0.17%
    31 Mar 2020 €6,221.36 -0.05% -0.14% -0.14% -0.53% -0.50% -0.41% - -0.17%
    29 Feb 2020 €4,832.16 -0.05% -0.14% -0.09% -0.52% -0.50% -0.40% - -0.16%
    31 Jan 2020 €5,004.21 -0.05% -0.14% -0.05% -0.52% -0.50% -0.39% - -0.16%

    No data available.

    Source: State Street Global Services / SSGA Ltd - 31 August 2020

    All returns are net of fee.

    Performance quoted represents past performance, which is no guarantee of future results. 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.

    Current Net Yield

    Current Net Yield

    Subsidized Yields Unsubsidized Yields
    Date Net Assets(€MM) Daily Factors

    Daily Factor

    A decimal representing the portion of an annual yield earned in one day.

    		 1 Day 7 Day 30 Day 1 Day 7 Day 30 Day
    09 Sep 2020 €6,437.18 - -0.60% -0.59% -0.58% -0.60% -0.59% -0.58%

    Source: State Street Global Services - 09 September 2020

    A yield of zero may indicate a fee waiver by the investment manager.

    Historical Net Yield

    Historical Net Yield

    < 2020 >
    Jan Feb Mar Apr
    May Jun Jul Aug
    Sep Oct Nov Dec
    Subsidized Yields Unsubsidized Yields
    Date Net Assets(€MM) Daily Factors

    Daily Factor

    A decimal representing the portion of an annual yield earned in one day.

    		 1 Day 7 Day 30 Day 1 Day 7 Day 30 Day
    09 Sep 2020 €6,437.18 - -0.60% -0.59% -0.58% -0.60% -0.59% -0.58%
    08 Sep 2020 €6,341.09 - -0.59% -0.59% -0.58% -0.59% -0.59% -0.58%
    07 Sep 2020 €6,289.16 - -0.59% -0.59% -0.58% -0.59% -0.59% -0.58%
    04 Sep 2020 €6,183.88 - -0.59% -0.58% -0.57% -0.59% -0.58% -0.57%
    03 Sep 2020 €6,053.99 - -0.58% -0.58% -0.57% -0.58% -0.58% -0.57%
    02 Sep 2020 €6,099.54 - -0.58% -0.58% -0.57% -0.58% -0.58% -0.57%
    01 Sep 2020 €6,019.78 - -0.58% -0.58% -0.57% -0.58% -0.58% -0.57%

    No data available.

    Download: Yields

    Source: State Street Global Services - 09 September 2020

    All returns are net of fee.

    Performance quoted represents past performance, which is no guarantee of future results. 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

    Liquid Assets

    View: Daily Weekly

    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.

    Net Inflows/Outflows

    Net Inflows/Outflows

    View: Daily Month-End

    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.

    Maturity Distributionsas of 31 Aug 2020

    Maturity Distributions
    as of 31 Aug 2020
    Sector Weight
    Overnight 25.15%
    2 - 7 Days 7.31%
    8 - 30 Days 27.04%
    31 - 90 Days 21.15%
    91-180 Days 18.52%
    180-397 Days 0.83%

    Source: SSGA Ltd - Legal Maturity, 31 August 2020

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

    Fund Sector Allocationas of 31 Aug 2020

    Fund Sector Allocation
    as of 31 Aug 2020
    Sector Weight
    Commercial Paper 35.36%
    Certificates of Deposit 16.13%
    Time Deposits 13.92%
    Asset Backed Commercial Paper 11.24%
    Repurchase Agreement 8.92%
    Government Agency 7.31%
    Government Bill 4.59%
    Government Guaranteed 2.53%

    Source: SSGA Ltd, 31 August 2020

    Credit Quality Distributionas of 31 Aug 2020

    Credit Quality Distribution
    as of 31 Aug 2020
    Sector Weight
    A-1 71.06%
    A-1+ 28.94%

    Source: SSGA Ltd, 31 August 2020

    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.

    Fund Documents
    Related Literature

    Minimum Investment

    Minimum Investment as of 29 Sep 2020
    Min. initial investment Subsequent
    €50,000,000 €5,000
    Min. initial investment €50,000,000
    Subsequent €5,000

    Payment Details

    Payment Details as of 29 Sep 2020
    Currency Beneficiary Bank Beneficiary Account Name Beneficiary BIC Beneficiary Account Number CHAPS Sort Code IBAN
    EUR Bank of America N.A., Frankfurt State Street Global Advisors Liquidity plc. BOFADEFX 19923018 - DE14500109000019923018
    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

    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

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

    Fund Footnotes

    All returns are net of fee.

    Performance quoted represents past performance, which is no guarantee of future results. 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.

    Questions? Feel free to

    You should obtain and read a Key Investor Information Document and Prospectus relating to the SSGA Cash funds prior to investing. Further information, including the annual and semi-annual reports and the Key Investor Information Document and Prospectus describing the characteristics, charges, expenses and risks involved in your investments are available for residents of countries where SSGA cash funds are authorized for sale, at www.ssga.com/cash and from your local SSGA office or by calling +44 (0)20 3395 2333.

     

    Investing involves risk including the risk of loss of principal. It is possible to lose money by investing in the funds.

     

    Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Click the link to obtain a prospectus which contains this and other information, or by calling +44 (0)20 3395 2333, please read it carefully before investing.

    © 2020 %%State Street Corporation%%. All rights reserved.