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State Street EUR Liquidity Standard VNAV Fund - Institutional IE00BHWQMZ31

NAV

NAV

Net asset value (NAV) is the value per share of a mutual fund on at a specific date and time. The per-share dollar amount of the fund is based on the total value of all the securities in its portfolio, any liabilities the fund has and the number of fund shares outstanding.

€1,032.4898
as of 13 Jun 2024
Net Assets(€MM)
€308.40
as of 13 Jun 2024
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.

56
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.

103
as of 13 Jun 2024
Daily Factor

Daily Factor

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

-
Yield
-
-
-
Net Performance
0.34%
3.92%
as of 31 May 2024

Fund Objective

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

Fund Information as of 16 Jun 2024

ISIN IE00BHWQMZ31
Ticker Symbol -
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 25 Feb 2015
Fund Inception Date 25 Jul 2014
S&P Fund Rating* AA-f
Dealing Frequency Daily
Total Expense Ratio 0.15%
Min. initial investment €500,000
Trading Deadline DD 02:00PM Irish time
Settlement T+1

*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. 

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 or their affiliates ("State Street Entities") guarantee the value of your investment.

Current Net Fund Performance

  • Share Class Inception Date: 25 Feb 2015
  • Index Inception Date: 25 Jul 2014

as of 31 May 2024

As Of Net Assets(€MM) 1 Month 3 Month YTD 1 Year 2023 3 Year 5 Year 10 Year Since Inception
25 Feb 2015
Fund 31 May 2024 €306.21 0.34% 1.00% 1.65% 3.92% 3.29% 1.43% 0.63% - 0.25%
Index 31 May 2024 - 0.33% 0.98% 1.61% 3.79% 3.20% 1.47% 0.67% - 0.25%

Source: State Street Global Services / SSGA Ltd, Bloomberg - 31 May 2024

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.

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 1:100.71812.

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
25 Feb 2015
31 May 2024 €306.21 0.34% 1.00% 1.65% 3.92% 1.43% 0.63% - 0.25%
30 Apr 2024 €305.89 0.34% 0.96% 1.31% 3.85% 1.29% 0.56% - 0.22%
31 Mar 2024 €304.66 0.31% 0.96% 0.96% 3.73% 1.16% 0.48% - 0.18%
29 Feb 2024 €303.35 0.30% 1.01% 0.65% 3.63% 1.03% 0.42% - 0.15%
31 Jan 2024 €293.10 0.34% 1.05% 0.34% 3.48% 0.91% 0.35% - 0.12%

No data available.

Source: State Street Global Services / SSGA Ltd - 31 May 2024

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 Ultra Short Bond Fund.

Historical Net Yield

< 2024 >
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
13 Jun 2024 €308.40 - - - - - - -
12 Jun 2024 €307.85 - - - - - - -
11 Jun 2024 €307.11 - - - - - - -
10 Jun 2024 €307.09 - 3.73% 0.53% 0.38% 3.73% 0.53% 0.38%
07 Jun 2024 €307.00 - - - - - - -
06 Jun 2024 €306.53 - - - - - - -
05 Jun 2024 €306.49 - - - - - - -
04 Jun 2024 €306.35 - - - - - - -
03 Jun 2024 €306.29 - 3.76% 1.08% 0.38% 3.76% 1.08% 0.38%

No data available.

Download: Yields

Source: State Street Global Services - 13 June 2024

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 Ultra Short Bond Fund.

Liquid Assets

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

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 Distributions as of 31 May 2024

<30 Days
29.88%
 
31-90 Days
28.17%
 
91-180 Days
25.94%
 
181 Days - 1 Year
12.81%
 
1-2 Years
3.21%
 

Source: SSGA Ltd - Legal Maturity, 31 May 2024

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

Fund Sector Allocation as of 31 May 2024

Sector Weight
Commercial Paper 38.43%
Certificates of Deposit 23.92%
Asset Backed Commercial Paper 9.00%
Time Deposits 8.14%
Corporate and Bank Notes 6.41%
Government Guaranteed 3.16%
Government Agency 3.15%
Collateralised Commercial Paper 3.12%
Money Market Fund 3.09%
Government Bill 1.58%

Source: SSGA Ltd, 31 May 2024

Credit Quality Distribution as of 31 May 2024

Sector Weight
A-1 54.26%
A-1+ 22.06%
A-2 12.60%
A 3.21%
AA- 3.19%
AAAm 3.09%
A+ 1.60%

Source: SSGA Ltd, 31 May 2024

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
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 02:00PM 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 Ultra Short Bond Fund.