Elfun Diversified Fund ELDFX

Important Risk Information

Considering the risks: A principal risk of investing in the Fund is the risk that the value of equity securities may decline. Special risks are associated with investing in foreign securities including currency fluctuations, economic instability and political developments. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. While stocks have historically outperformed other asset classes, over the long term they tend to fluctuate over the short term as a result of factors affecting the individual companies, industries or the securities market as a whole. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the Fund adjust to a rise in interest rates, the Fund's share price may decline. These and other risk considerations are discussed in the Fund's prospectus and summary prospectus.

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$22.79

as of Sep 22 2021

Base Currency

USD

Assets Under Management

$216.34 M

as of Aug 31 2021

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.31%

1 Day Nav Change

+$0.12 (0.53%)

as of Sep 22 2021


Fund Objective

Fund Objective

The highest total return consistent with prudent investment management and the preservation of capital (total return includes both income and capital appreciation).


Investment Strategy

Investment Strategy

The Fund seeks to achieve its investment objective by investing primarily in a combination of U.S. and foreign (non-U.S.) equity and debt securities and cash. The Fund invests in equity securities, such as common and preferred stocks, principally for their capital appreciation potential, and investment-grade debt securities principally for their income potential. The Fund holds cash principally for the preservation of capital, income potential or maintenance of liquidity.


Fund Information as of Sep 23 2021

Fund Information as of Sep 23 2021
Investment Style Primary Benchmark Secondary Benchmark Tertiary Benchmark Quaternary Benchmark Fifth Benchmark Inception Date
Multi-Asset S&P 500 Bloomberg Barclays U.S. Aggregate Bond Index MSCI ACWI IMI ex US MSCI ACWI ex USA Index S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40) Jan 01 1988
Investment Style Multi-Asset
Primary Benchmark S&P 500
Secondary Benchmark Bloomberg Barclays U.S. Aggregate Bond Index
Tertiary Benchmark MSCI ACWI IMI ex US
Quaternary Benchmark MSCI ACWI ex USA Index
Fifth Benchmark S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40)
Inception Date Jan 01 1988
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Investment Manager Management Team Distributor Distribution Frequency
0.31% USD SSGA Funds Management, Inc. Investment Solutions Group (ISG) State Street Global Advisors Funds Distributors, LLC Annually
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.31%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Investment Solutions Group (ISG)
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Investment Team

Investment Team

Seamus Quinn, CFA, CAIA


Michael O Martel

Head of Portfolio Management


Leo Law, CFA, FRM

Portfolio Manager


Listing Information as of Sep 23 2021

Listing Information as of Sep 23 2021

Exchange Trading Currency Listing Date Ticker CUSIP
NASDAQ REGULAR MARKET USD Jan 01 1988 ELDFX 28627D105
Exchange NASDAQ REGULAR MARKET
Trading Currency USD
Listing Date Jan 01 1988
Ticker ELDFX
CUSIP 28627D105

Fund Net Asset Value as of Sep 22 2021

Fund Net Asset Value as of Sep 22 2021
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

Percent Change Price Change Offer Price NAV 52 Week High NAV 52 Week Low
$22.79 0.53% $0.12 $22.79 $23.21(Sep 03 2021) $19.75(Sep 24 2020)
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$22.79
Percent Change 0.53%
Price Change $0.12
Offer Price $22.79
NAV 52 Week High $23.21(Sep 03 2021)
NAV 52 Week Low $19.75(Sep 24 2020)

Fund Performance

Fund Performance

  • Fund Inception Date: Jan 01 1988

as of Aug 31 2021

as of Jun 30 2021

As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Aug 31 2021 1.58% 3.59% 9.69% 2.53% 10.16%
S&P 500 Aug 31 2021 3.04% 7.95% 19.52% 5.49% 21.58%
Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2021 -0.19% 1.63% 1.49% 0.93% -0.69%
MSCI ACWI IMI ex US Aug 31 2021 1.98% 0.07% 8.02% 0.69% 10.61%
MSCI ACWI ex USA Index Aug 31 2021 1.90% -0.43% 7.05% 0.22% 9.40%
S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40) Aug 31 2021 1.48% 3.44% 9.25% 2.46% 9.65%
As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Jun 30 2021 1.03% 5.38% 7.44% 5.38% 7.44%
S&P 500 Jun 30 2021 2.33% 8.55% 15.25% 8.55% 15.25%
Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2021 0.70% 1.83% -1.60% 1.83% -1.60%
MSCI ACWI IMI ex US Jun 30 2021 -0.61% 5.76% 9.86% 5.76% 9.86%
MSCI ACWI ex USA Index Jun 30 2021 -0.65% 5.48% 9.16% 5.48% 9.16%
S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40) Jun 30 2021 0.95% 5.17% 7.01% 5.17% 7.01%

as of Aug 31 2021

as of Jun 30 2021

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 01 1988
Fund at NAV Aug 31 2021 17.78% 10.92% 10.07% 8.74% 8.32%
S&P 500 Aug 31 2021 31.17% 18.07% 18.02% 16.34% 11.43%
Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2021 -0.08% 5.43% 3.11% 3.18% 6.12%
MSCI ACWI IMI ex US Aug 31 2021 26.80% 10.08% 10.63% - 1.88%
MSCI ACWI ex USA Index Aug 31 2021 24.87% 9.37% 9.92% 6.57% 6.94%
S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40) Aug 31 2021 16.87% 11.34% 10.31% 8.91% 6.73%
As Of 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 01 1988
Fund at NAV Jun 30 2021 23.10% 11.12% 10.26% 7.83% 8.28%
S&P 500 Jun 30 2021 40.79% 18.67% 17.65% 14.84% 11.31%
Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2021 -0.33% 5.34% 3.03% 3.39% 6.12%
MSCI ACWI IMI ex US Jun 30 2021 37.74% 9.91% 11.69% - 1.86%
MSCI ACWI ex USA Index Jun 30 2021 35.72% 9.38% 11.08% 5.45% 6.97%
S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40) Jun 30 2021 22.20% 11.46% 10.41% 8.24% 6.69%

as of Aug 31 2021

2015 2016 2017 2018 2019 2020
Fund at NAV -1.25% 5.48% 15.40% -5.51% 19.58% 12.23%
S&P 500 1.38% 11.96% 21.83% -4.38% 31.49% 18.40%
Bloomberg Barclays U.S. Aggregate Bond Index 0.55% 2.65% 3.54% 0.01% 8.72% 7.51%
MSCI ACWI IMI ex US -4.20% 4.91% 28.38% -14.35% 22.24% 11.59%
MSCI ACWI ex USA Index -5.66% 4.50% 27.19% -14.20% 21.51% 10.65%
S&P 500/ACWI ex US IMI/Bloomberg Barclays (35/25/40) -0.36% 6.68% 15.51% -4.85% 19.87% 12.88%

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. Upon redemption, shares may be worth more or less than the original cost. The current performance may be higher or lower than the quoted performance. To view SEC standardized performance select the most recent quarterly period ending March, June, September or December. All other periods shown are non-standardized performance and are not valid without SEC standardized performance.

On July 1, 2016 State Street Corporation, the parent company of SSGA Funds Management, Inc., and State Street Global Markets, LLC acquired the asset management and advisory services business of GE Asset Management, Incorporated, the former investment adviser to the Fund. As of that date, SSGA Funds Management, Inc. became the investment adviser to the Fund and State Street Global Markets, LLC became the distributor for the Fund. Effective May 1, 2017, State Street Global Markets, LLC was renamed State Street Global Advisors Funds Distributors, LLC. Any information, data or performance provided prior to that date is that of GE Asset Management, Incorporated.

The list of holdings should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

The blended index is not the Elfun Diversified Fund's benchmark and is being shown for illustrative purposes only. The blended index is not intended to represent the current or targeted asset allocation of the Fund.

The returns of each index shown do not include the effect of management fees, sales charges, operating expenses of a fund or other account, or taxes. The returns of the index are unmanaged and do not reflect the actual cost of investing in the instruments that comprise it. You cannot invest directly in an index.

Gross Expense Ratio: 0.31%


Risk Analysis

Risk Analysis
Month End as of Aug 31 2021
Quarter End as of Jun 30 2021

Month End as of Aug 31 2021

Risk Factor 3 Years 5 Years
Alpha -0.30% -0.93%
Beta 0.62 0.61
Std Deviation 11.45% 9.33%
Information Ratio -0.97 -1.27
R-squared 95.98% 93.53%
Sharpe Ratio 0.85 0.95
Tracking Error 7.37% 6.28%

Quarter End as of Jun 30 2021

Risk Factor 3 Years 5 Years
Alpha -0.45% -0.60%
Beta 0.62 0.61
Std Deviation 11.47% 9.37%
Information Ratio -1.02 -1.18
R-squared 95.75% 93.48%
Sharpe Ratio 0.86 0.97
Tracking Error 7.43% 6.27%

The risk statistics are calculated against the fund's primary benchmark.

Risk Measures - Alpha, Beta and R-Squared are calculated against the noted benchmark. Annualized standard deviation and Sharpe Ratio are not calculated against a benchmark.

Alpha - Measures a manager's contribution to performance due to security selection or market timing relative to the index.

Beta - Measures the portfolio's sensitivity to market movements in the index.

R-Squared - A measure that indicates the extent to which fluctuations in portfolio returns are correlated with those of the index.

Standard Deviation - A measure of total risk. It measures the degree to which a fund's quarterly returns vary from the mean of the fund's quarterly returns over the period measured.

Sharpe Ratio -A measure that uses standard deviation and excess return to determine reward per unit of risk.


Asset Allocation

Asset Allocation
Fund Asset Allocationas of Aug 31 2021

Fund Asset Allocation as of Aug 31 2021

Sector Weight
Sector Weight
US Index Equity 39.45%
US Core Plus Fixed Income Strategy 35.66%
International Index Equity 24.62%
US Short-Term Cash 0.27%

Geographical Weights

Geographical Weights

Refer to Portfolio Holdings for Fund's Schedule of Investments.

Cash: Actively managed as part of the fund's investment strategy. The allocation shown for each of the other asset classes also includes a percentage of embedded cash, a portion of which is equitized in futures to gain exposure to the markets. Both actively managed cash and embedded cash within each strategy include an investment in the State Street Institutional Government Money Market Fund. SSGA is the investment advisor of the Fund. State Street Global Advisors serves as the investment advisor of the State Street Institutional Government Money Market Fund.

The securities information regarding holdings, allocations and other characteristics are presented to illustrate examples of securities that have been bought and the diversity of areas in which we may invest as of a particular date. It may not be representative of the portfolio's current or future investments and should not be construed as a recommendation to purchase or sell a particular security.

"Cash Equivalents" includes an investment in the State Street Institutional Government Money Market Fund. "Other" includes accruals. As of 07/01/2016 State Street Global Advisors is the Investment Advisor of the Fund. SSGA Funds Management, Inc. serves as the investment advisor of the State Street Institutional Government Money Market Fund.


Fund Footnotes

Bloomberg Barclays U.S. Aggregate Bond Index (BC Agg Bond) is an unmanaged, market value weighted index of investment-grade debt issues, including government, corporate, asset-backed and mortgage-backed securities, with maturities of more than 1 year.

MSCI ACWI ex-US (MSCI ACWI xUS) is a market-capitalization-weighted index maintained by MSCI and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The index includes both developed and emerging markets.

The MSCI ACWI ex USA Investable Market Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance of securities, across all market capitalizations, in developed and emerging market countries excluding the United States. All listed equity securities and listed securities that exhibit characteristics of equity securities, except mutual funds, ETFs, equity derivatives, limited partnerships and most investment trusts, are eligible for inclusion. Countries covered in the Index have historically included, among others, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates and the United Kingdom.

S&P 500® (S&P 500) Index is an unmanaged, market capitalization-weighted index of 500 widely held U.S. stocks recognized by investors to be representative of the stock market in general. Standard & Poor's and S&P 500 are trademarks of the Standard & Poor's Financial Services LLC ("S&P").

The blended index is not the Elfun Diversified Fund's benchmark and is being shown for illustrative purposes only. The blended index is not intended to represent the current or targeted asset allocation of the Fund.