State Street EUR Liquidity LVNAV Fund - Z Shares IE00B3ZF9B49

Overview
Performance
Liquidity
Holdings
Documents
How to Buy

Trans NAV

€992.7532

as of 25 Sep 2020

Net Assets

€5,676,027,406

as of 25 Sep 2020

WAM

WAL

as of 25 Sep 2020

Daily Factor

as of 25 Sep 2020

Yield

-0.53%

-0.52%

as of 25 Sep 2020

1 Day 7 Day 30 Day

Net Performance

-0.04%

-0.48%

as of 31 Aug 2020

1 MONTH 1 YEAR

Quick Links

Factsheet (EN)

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 26 Sep 2020

ISIN	Ticker Symbol	Currency	Benchmark	Investment Manager	Structure
IE00B3ZF9B49	SCMELZS ID	EUR	EUR 7 Day Libid	State Street Global Advisors Limited	OEIC - UCITS

ISIN	IE00B3ZF9B49
Ticker Symbol	SCMELZS 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	14 Apr 2011	AAAm	AAAmmf	Daily

Domicile	Ireland
Regulator	CBI
Inception Date	14 Apr 2011
S&P Fund Rating*	AAAm
Fitch Fund Rating*	AAAmmf
Dealing Frequency	Daily

Total Expense Ratio	Min. initial investment	Trading Deadline	Settlement	IMMFA Member
0.05%	€500,000	DD 01:30PM Irish time	T+0	Yes

Total Expense Ratio	0.05%
Min. initial investment	€500,000
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

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

Fund Level Market Value Test

Download: Schedule of Daily Information

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

Fund Inception Date: 14 Apr 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 14 Apr 2011
Fund	31 Aug 2020	€5,884.99	-0.04%	-0.11%	-0.31%	-0.48%	-0.44%	-0.43%	-0.38%	-	-0.06%
Index	31 Aug 2020	-	-0.06%	-0.17%	-0.44%	-0.67%	-0.61%	-0.57%	-0.55%	-	-0.24%

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

View:

Date	Net Assets(€MM)	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 14 Apr 2011
31 Aug 2020	€5,884.99	-0.04%	-0.11%	-0.31%	-0.48%	-0.43%	-0.38%	-	-0.06%
31 Jul 2020	€6,310.15	-0.04%	-0.11%	-0.27%	-0.47%	-0.43%	-0.38%	-	-0.05%
30 Jun 2020	€5,736.25	-0.03%	-0.11%	-0.23%	-0.47%	-0.43%	-0.37%	-	-0.05%
31 May 2020	€5,438.46	-0.04%	-0.11%	-0.20%	-0.46%	-0.43%	-0.36%	-	-0.05%
30 Apr 2020	€5,345.34	-0.04%	-0.12%	-0.16%	-0.46%	-0.43%	-0.36%	-	-0.04%
31 Mar 2020	€6,221.36	-0.04%	-0.12%	-0.12%	-0.46%	-0.43%	-0.35%	-	-0.04%
29 Feb 2020	€4,832.16	-0.04%	-0.13%	-0.08%	-0.45%	-0.43%	-0.34%	-	-0.03%
31 Jan 2020	€5,004.21	-0.04%	-0.13%	-0.04%	-0.45%	-0.43%	-0.34%	-	-0.03%

No data available.

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

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

All returns are net of fee.

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

			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
25 Sep 2020	€5,676.03	-	-0.53%	-0.53%	-0.52%	-0.53%	-0.53%	-0.52%

Source: State Street Global Services - 25 September 2020

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

Historical Net Yield

Show:

Sep 2020

<	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
25 Sep 2020	€5,676.03	-	-0.53%	-0.53%	-0.52%	-0.53%	-0.53%	-0.52%
24 Sep 2020	€5,640.43	-	-0.53%	-0.53%	-0.52%	-0.53%	-0.53%	-0.52%
23 Sep 2020	€5,773.91	-	-0.53%	-0.53%	-0.52%	-0.53%	-0.53%	-0.52%
22 Sep 2020	€5,699.52	-	-0.53%	-0.53%	-0.52%	-0.53%	-0.53%	-0.52%
21 Sep 2020	€5,760.06	-	-0.53%	-0.53%	-0.52%	-0.53%	-0.53%	-0.52%
18 Sep 2020	€5,764.77	-	-0.53%	-0.53%	-0.51%	-0.53%	-0.53%	-0.51%
17 Sep 2020	€5,863.35	-	-0.53%	-0.53%	-0.51%	-0.53%	-0.53%	-0.51%
16 Sep 2020	€5,978.47	-	-0.53%	-0.53%	-0.51%	-0.53%	-0.53%	-0.51%
15 Sep 2020	€6,048.14	-	-0.53%	-0.53%	-0.51%	-0.53%	-0.53%	-0.51%
14 Sep 2020	€6,155.40	-	-0.53%	-0.52%	-0.51%	-0.53%	-0.52%	-0.51%
11 Sep 2020	€6,244.15	-	-0.53%	-0.52%	-0.51%	-0.53%	-0.52%	-0.51%
10 Sep 2020	€6,165.52	-	-0.52%	-0.52%	-0.51%	-0.52%	-0.52%	-0.51%
09 Sep 2020	€6,437.18	-	-0.52%	-0.52%	-0.51%	-0.52%	-0.52%	-0.51%
08 Sep 2020	€6,341.09	-	-0.52%	-0.51%	-0.50%	-0.52%	-0.51%	-0.50%
07 Sep 2020	€6,289.16	-	-0.52%	-0.51%	-0.50%	-0.52%	-0.51%	-0.50%
04 Sep 2020	€6,183.88	-	-0.51%	-0.51%	-0.50%	-0.51%	-0.51%	-0.50%
03 Sep 2020	€6,053.99	-	-0.51%	-0.51%	-0.50%	-0.51%	-0.51%	-0.50%
02 Sep 2020	€6,099.54	-	-0.51%	-0.51%	-0.50%	-0.51%	-0.51%	-0.50%
01 Sep 2020	€6,019.78	-	-0.51%	-0.50%	-0.50%	-0.51%	-0.50%	-0.50%

No data available.

Download: Yields

Source: State Street Global Services - 25 September 2020

All returns are net of fee.

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

View: Daily Weekly

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

View: Daily Month-End

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 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 26 Sep 2020

Min. initial investment	Subsequent
€500,000	€5,000

Min. initial investment	€500,000
Subsequent	€5,000

Payment Details

Payment Details as of 26 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

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	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.

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

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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.