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        State Street EUR Liquidity Standard VNAV Fund - Institutional IE00BHWQMZ31

        Overview Performance Liquidity Holdings Documents How to Buy More Insights
        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.
        €1,026.1448
        as of 17 Apr 2024
        Net Assets(€MM)
        €304.76
        as of 17 Apr 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.
        65
        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.
        111
        as of 17 Apr 2024
        Daily Factor

        Daily Factor

        A decimal representing the portion of an annual yield earned in one day.
        -
        as of 17 Apr 2024
        Yield
        3.78%
        0.54%
        1.14%
        as of 17 Apr 2024
        Net Performance
        0.31%
        3.73%
        as of 31 Mar 2024

        Quick Links

        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 19 Apr 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

        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.

        Current Net Fund Performance

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

        as of 31 Mar 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 Mar 2024 €304.66 0.31% 0.96% 0.96% 3.73% 3.29% 1.16% 0.48% - 0.18%
        Index 31 Mar 2024 - 0.33% 0.96% 0.96% 3.63% 3.20% 1.22% 0.53% - 0.19%

        Source: State Street Global Services / SSGA Ltd, Bloomberg - 31 March 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 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.

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

        Source: State Street Global Services / SSGA Ltd - 31 March 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.

        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
        17 Apr 2024 €304.76 - 3.78% 0.54% 1.14% 3.78% 0.54% 1.14%

        Source: State Street Global Services - 17 April 2024

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

        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
        17 Apr 2024 €304.76 - 3.78% 0.54% 1.14% 3.78% 0.54% 1.14%
        16 Apr 2024 €304.73 - - - - - - -
        15 Apr 2024 €304.71 - - - - - - -
        12 Apr 2024 €304.59 - - - - - - -
        11 Apr 2024 €304.51 - - - - - - -
        10 Apr 2024 €304.49 - 3.80% 1.63% 1.01% 3.80% 1.63% 1.01%
        09 Apr 2024 €305.76 - 3.80% 1.08% 0.89% 3.80% 1.08% 0.89%
        08 Apr 2024 €305.67 - 3.80% 0.54% 0.76% 3.80% 0.54% 0.76%
        05 Apr 2024 €305.59 - - - - - - -
        04 Apr 2024 €305.10 - - - - - - -
        03 Apr 2024 €304.94 - - - - - - -
        02 Apr 2024 €304.79 - - - - - - -

        No data available.

        Download: Yields

        Source: State Street Global Services - 17 April 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

        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 Mar 2024

        Weight
        <30 Days
        39.35%
         
        31-90 Days
        23.71%
         
        91-180 Days
        8.97%
         
        181 Days - 1 Year
        24.81%
         
        1-2 Years
        3.17%
         

        Source: SSGA Ltd - Legal Maturity, 31 March 2024

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

        Fund Sector Allocation as of 31 Mar 2024

        Sector Weight
        Commercial Paper 30.52%
        Certificates of Deposit 25.02%
        Corporate and Bank Notes 9.47%
        Asset Backed Commercial Paper 9.33%
        Time Deposits 8.42%
        Collateralised Commercial Paper 6.20%
        Money Market Fund 3.25%
        Government Agency 3.12%
        Government Guaranteed 3.11%
        Government Bill 1.56%

        Source: SSGA Ltd, 31 March 2024

        Credit Quality Distribution as of 31 Mar 2024

        Sector Weight
        A-1 62.09%
        A-1+ 15.52%
        A-2 8.11%
        A+ 4.73%
        AAAm 3.25%
        A 3.17%
        AA- 1.57%
        AA 1.56%

        Source: SSGA Ltd, 31 March 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.

        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 is 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. F: +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 https://www.ssga.com/uk/en_gb/institutional/cash/fund-finder. 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.

         

        5077518.2.1.EMEA.INST

         

        Exp. 31.01.2025

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