State Street USD Liquidity LVNAV Fund - Investment IE00BH3SSH24

Trans NAV
$1.0000
as of 01 Dec 2022
Net Assets
$20,799,483,100
as of 01 Dec 2022
WAM
11
WAL
54
as of 01 Dec 2022
Daily Factor
0.000099639
as of 01 Dec 2022
Yield
3.64%
3.62%
3.54%
as of 01 Dec 2022
Net Performance
0.24%
0.84%
as of 31 Oct 2022


Fund Objective


The objective of the Fund is to maintain a high level of liquidity, preserve capital and provide a return in line with US money market rates.


Fund Information as of 02 Dec 2022

ISIN IE00BH3SSH24
Ticker Symbol STULLUI ID
Currency USD
Benchmark FTSE 1 MONTH US TREASURY BILL
Investment Manager State Street Global Advisors Europe Limited
Structure OEIC - UCITS
Domicile Ireland
Regulator CBI
Share Class Inception Date 21 Jan 2020
Fund Inception Date 26 Mar 1997
S&P Fund Rating* AAAm
Fitch Fund Rating* AAAmmf
Moody's Fund Rating* Aaa-mf
Dealing Frequency Daily
Total Expense Ratio 0.45%
Min. initial investment $10,000,000
Trading Deadline DD 04:00PM New York 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, Moody's, 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, Moody's- https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004, 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.


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

  • Share Class Inception Date: 21 Jan 2020
  • Index Inception Date: 30 Mar 1997

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
21 Jan 2020
Fund 31 Oct 2022 $21,185.70 0.24% 0.60% 0.84% 0.84% 0.00% - - - 0.40%
Index 31 Oct 2022 - 0.24% 0.62% 0.83% 0.84% -0.03% - - - 0.36%

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.

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
24 Jan 2020
31 Oct 2022 $21,185.70 0.24% 0.60% 0.84% 0.84% - - - 0.40%
30 Sep 2022 $19,442.37 0.19% 0.48% 0.60% 0.60% - - - 0.32%
31 Aug 2022 $20,967.78 0.17% 0.36% 0.41% 0.41% - - - 0.26%
31 Jul 2022 $18,985.40 0.12% 0.22% 0.23% 0.24% - - - 0.20%
30 Jun 2022 $17,143.47 0.07% 0.11% 0.12% 0.12% - - - 0.16%
31 May 2022 $18,992.53 0.04% 0.04% 0.05% 0.05% - - - 0.13%
30 Apr 2022 $17,122.35 0.00% 0.01% 0.01% 0.01% - - - 0.12%
31 Mar 2022 $13,183.52 0.00% 0.01% 0.01% 0.01% - - - 0.12%
28 Feb 2022 $13,670.80 0.00% 0.01% 0.00% 0.01% - - - 0.13%
31 Jan 2022 $13,943.47 0.00% 0.00% 0.00% 0.00% - - - 0.13%

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 USD Liquidity 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
01 Dec 2022 $20,799.48 0.000099639 3.64% 3.62% 3.54% 3.64% 3.62% 3.54%

Source: State Street Global Services - 01 December 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
01 Dec 2022 $20,799.48 0.000099639 3.64% 3.62% 3.54% 3.64% 3.62% 3.54%

No data available.

Download: Yields

Source: State Street Global Services - 01 December 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 USD Liquidity 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

Overnight
30.60%
 
2 - 7 Days
18.61%
 
8 - 30 Days
6.11%
 
31 - 90 Days
17.41%
 
91-180 Days
22.02%
 
180-397 Days
5.24%
 

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
Time Deposits 32.65%
Commercial Paper 26.87%
Certificates of Deposit 25.03%
Asset Backed Commercial Paper 10.23%
Repurchase Agreement 2.83%
Government Agency 1.28%
Collateralised Commercial Paper 0.63%
Government Bill 0.26%
Corporate and Bank Notes 0.24%

Source: SSGA Ltd, 31 October 2022


Credit Quality Distribution as of 31 Oct 2022

Sector Weight
A-1/P-1 55.01%
A-1+/P-1 31.54%
A 10.26%
AA 2.93%
A-1+/NR 0.26%
AAA 0.00%

Source: SSGA Ltd, 31 October 2022

Short-term ratings from S&P and Moody's 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 $10,000,000
Subsequent $5,000

Payment Details

Currency USD
Beneficiary Bank Bank of America N.A., New York
ABA Number 026009593
Beneficiary Account Name State Street Global Advisors Liquidity plc.
Beneficiary BIC BOFAUS3N
Beneficiary Account Number 6550162960

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 04:00PM New York time
Subscription Settlement Cut-Off Fed Wires: 6:00pm New York
SWIFT (MT103): 5:00pm New York
SWIFT (MT202): 3:30pm New York
Redemption Receipt Settlement
Fed Wires: 6:00pm New York
SWIFT (MT103): 3:30pm New York

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 USD Liquidity Fund.