State Street EUR Liquidity Standard VNAV Fund - Institutional IE00BHWQMZ31

NAV
€980.7980
as of 30 Nov 2022
Net Assets
€301,298,251
as of 30 Nov 2022
WAM
60
WAL
76
as of 30 Nov 2022
Daily Factor
-
as of 30 Nov 2022
Yield
1.18%
0.17%
0.04%
as of 30 Nov 2022
Net Performance
0.04%
-0.56%
as of 31 Oct 2022


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 02 Dec 2022

ISIN IE00BHWQMZ31
Ticker Symbol -
Currency EUR
Benchmark Bloomberg Xestron Index
Investment Manager State Street Global Advisors Europe Limited
Structure OEIC - UCITS
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


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 Oct 2022

As Of Net Assets(€MM) 1 Month 3 Month YTD 1 Year 2021 3 Year 5 Year 10 Year Since Inception
25 Feb 2015
Fund 31 Oct 2022 €311.10 0.04% -0.02% -0.44% -0.56% -0.69% -0.59% -0.52% - -0.36%
Index 31 Oct 2022 - 0.06% 0.07% -0.26% -0.35% -0.57% -0.48% -0.43% - -0.34%

Source: State Street Global Services / SSGA Ltd, Bloomberg - 31 October 2022

"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.

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 Oct 2022 €311.10 0.04% -0.02% -0.44% -0.56% -0.59% -0.52% - -0.36%
30 Sep 2022 €331.81 -0.01% -0.12% -0.48% -0.66% -0.62% -0.53% - -0.37%
31 Aug 2022 €310.83 -0.04% -0.16% -0.47% -0.70% -0.63% -0.53% - -0.37%
31 Jul 2022 €330.35 -0.06% -0.17% -0.42% -0.71% -0.63% -0.53% - -0.37%
30 Jun 2022 €324.37 -0.06% -0.17% -0.37% -0.71% -0.62% -0.52% - -0.37%
31 May 2022 €333.16 -0.06% -0.18% -0.31% -0.71% -0.60% -0.51% - -0.36%
30 Apr 2022 €416.37 -0.05% -0.18% -0.25% -0.71% -0.60% -0.51% - -0.36%
31 Mar 2022 €487.46 -0.07% -0.19% -0.19% -0.71% -0.59% -0.50% - -0.35%
28 Feb 2022 €473.43 -0.06% -0.19% -0.13% -0.71% -0.57% -0.49% - -0.35%
31 Jan 2022 €486.76 -0.07% -0.19% -0.07% -0.71% -0.56% -0.47% - -0.34%

No data available.

Source: State Street Global Services / SSGA Ltd - 31 October 2022

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 Ultra Short Bond Fund.


Current Net Yield

Subsidized Yields Unsubsidized Yields
Date Net Assets(€MM) Daily Factors
1 Day 7 Day 30 Day 1 Day 7 Day 30 Day
30 Nov 2022 €301.30 - 1.18% 0.17% 0.04% 1.18% 0.17% 0.04%

Source: State Street Global Services - 30 November 2022

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


Historical Net Yield

< 2022 >
Jan Feb Mar Apr
May Jun Jul Aug
Sep Oct Nov Dec
Subsidized Yields Unsubsidized Yields
Date Net Assets(€MM) Daily Factors
1 Day 7 Day 30 Day 1 Day 7 Day 30 Day
30 Nov 2022 €301.30 - 1.18% 0.17% 0.04% 1.18% 0.17% 0.04%
29 Nov 2022 €301.30 - - - - - - -
28 Nov 2022 €301.28 - - - - - - -
25 Nov 2022 €301.25 - - - - - - -
24 Nov 2022 €308.47 - - - - - - -
23 Nov 2022 €308.81 - - - - - - -
22 Nov 2022 €308.90 - - - - - - -
21 Nov 2022 €308.69 - - - - - - -
18 Nov 2022 €308.74 - - - - - - -
17 Nov 2022 €308.02 - - - - - - -
16 Nov 2022 €308.31 - - - - - - -
15 Nov 2022 €308.10 - - - - - - -
14 Nov 2022 €308.09 - - - - - - -
11 Nov 2022 €308.06 - - - - - - -
10 Nov 2022 €308.04 - - - - - - -
09 Nov 2022 €308.03 - - - - - - -
08 Nov 2022 €307.98 - - - - - - -
07 Nov 2022 €310.48 - - - - - - -
04 Nov 2022 €310.43 - - - - - - -
03 Nov 2022 €311.07 - - - - - - -
02 Nov 2022 €311.06 - - - - - - -
01 Nov 2022 €311.06 - - - - - - -

No data available.

Download: Yields

Source: State Street Global Services - 30 November 2022

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 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 Oct 2022

<30 Days
71.95%
 
31-90 Days
14.61%
 
91-180 Days
6.39%
 
181 Days - 1 Year
3.79%
 
1-2 Years
3.25%
 
2-3 Years
0.00%
 
3-4 Years
0.00%
 
4-5 Years
0.00%
 
5+ Years
0.00%
 

Source: SSGA Ltd - Legal Maturity, 31 October 2022

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


Fund Sector Allocation as of 31 Oct 2022

Sector Weight
Commercial Paper 43.18%
Certificates of Deposit 14.43%
Asset Backed Commercial Paper 10.13%
Time Deposits 9.68%
Government Agency 8.04%
Money Market Fund 4.05%
Government Guaranteed 4.02%
Corporate and Bank Notes 3.25%
Collateralised Commercial Paper 3.20%

Source: SSGA Ltd, 31 October 2022


Credit Quality Distribution as of 31 Oct 2022

Sector Weight
A-1 45.46%
A-1+ 26.49%
A-2 20.74%
AAAm 4.05%
A+ 3.25%
AAA 0.00%
AA+ 0.00%
AA 0.00%
AA- 0.00%
A 0.00%
A- 0.00%
BBB+ 0.00%

Source: SSGA Ltd, 31 October 2022

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.

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 Ultra Short Bond Fund.