Elfun Government Money Market Fund ELMXX

Important Risk Information

Considering the risks: Interest rate movements and other risk factors will affect the fund's share price and yield. 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 below $1.00. The price of a bond is affected by the issuer's or counterparty's credit quality. Changes in an entity's financial condition and general economic conditions can affect its ability to honor financial obligations and therefore its credit quality. Lower quality bonds are generally more sensitive to these changes than higher quality bonds. 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.

$1.00

as of Oct 15 2021

Base Currency

USD

Assets Under Management

$135.38 M

as of Sep 30 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.

0.25%

1 Day Nav Change

+$0.00 (0.00%)

as of Oct 15 2021


Fund Objective

Fund Objective

A high level of current income consistent with prudent investment management and the preservation of capital.


Investment Strategy

Investment Strategy

The Fund seeks to achieve its investment objective by investing at least 99.5% of its assets under normal circumstances in short-term U.S. Government securities, cash and/or repurchase agreements that are collateralized by cash or government securities. The Fund may invest to a lesser extent in commercial paper, certificates of deposit, variable rate securities, asset-backed securities, foreign (non-U.S.) debt securities, Eurodollar deposits and domestic and foreign bank deposits.


Fund Information as of Oct 17 2021

Fund Information as of Oct 17 2021
Investment Style Benchmark Inception Date 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
Cash DAILY-LINKED 90-DAY T-BILL Jun 13 1990 0.25% USD SSGA Funds Management, Inc. Fixed Income, Currency & Cash Investments Team
Investment Style Cash
Benchmark DAILY-LINKED 90-DAY T-BILL
Inception Date Jun 13 1990
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.

0.25%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Fixed Income, Currency & Cash Investments Team
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Annually
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Listing Information as of Oct 17 2021

Listing Information as of Oct 17 2021

Exchange Trading Currency Listing Date Ticker CUSIP
NASDAQ REGULAR MARKET USD Jun 13 1990 ELMXX 286275102
Exchange NASDAQ REGULAR MARKET
Trading Currency USD
Listing Date Jun 13 1990
Ticker ELMXX
CUSIP 286275102

Fund Characteristics as of Sep 30 2021

Fund Characteristics as of Sep 30 2021
Weighted Average Life (Years) Weighted Average Maturity (Days)
0.27 -753.00
Weighted Average Life (Years) 0.27
Weighted Average Maturity (Days) -753.00

Yields as of Sep 30 2021

Yields as of Sep 30 2021
7 Day Current Yield 7 Day Effective Yield
0.00% 0.00%
7 Day Current Yield 0.00%
7 Day Effective Yield 0.00%

Fund Net Asset Value as of Oct 15 2021

Fund Net Asset Value as of Oct 15 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
$1.00 0.00% $0.00 $1.00 $1.00(Oct 15 2021) $1.00(Oct 15 2021)
NAV

NAV

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

$1.00
Percent Change 0.00%
Price Change $0.00
Offer Price $1.00
NAV 52 Week High $1.00(Oct 15 2021)
NAV 52 Week Low $1.00(Oct 15 2021)

Historical Daily Market NAV ($)

Historical Daily Market NAV ($)


Liquid Assets

Liquid Assets

View: Daily Weekly

Daily liquid assets means: (i) Cash; (ii) Direct obligations of the U.S. Government; (iii) Securities that will mature, or are subject to a demand feature that is exercisable and payable, within one business day; or (iv) Amounts receivable and due unconditionally within one business day on pending sales of portfolio securities.

Weekly liquid assets means: (i) Cash; (ii) Direct obligations of the U.S. Government; (iii) Government securities that are issued by a person controlled or supervised by and acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States that: (A) Are issued at a discount to the principal amount to be repaid at maturity without provision for the payment of interest; and (B) Have a remaining maturity date of 60 days or less; (iv) Securities that will mature, or are subject to a demand feature that is exercisable and payable, within five business days; or (v) Amounts receivable and due unconditionally within five business days on pending sales of portfolio securities.


Net Inflows/Outflows ($)

Net Inflows/Outflows ($)

Net Fund Flows means: Subscriptions + Reinvestment of Dividends - Redemptions.


Fund Performance

Fund Performance

  • Fund Inception Date: Jun 13 1990

as of Sep 30 2021

as of Sep 30 2021

As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Sep 30 2021 0.00% 0.00% 0.00% 0.00% 0.00%
DAILY-LINKED 90-DAY T-BILL Sep 30 2021 0.01% 0.01% 0.01% 0.01% 0.04%
As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Sep 30 2021 0.00% 0.00% 0.00% 0.00% 0.00%
DAILY-LINKED 90-DAY T-BILL Sep 30 2021 0.01% 0.01% 0.01% 0.01% 0.04%

as of Sep 30 2021

as of Sep 30 2021

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
Jun 13 1990
Fund at NAV Sep 30 2021 0.00% 0.93% 0.90% 0.47% 2.70%
DAILY-LINKED 90-DAY T-BILL Sep 30 2021 0.07% 1.04% 1.12% 0.60% 2.54%
As Of 1 Year 3 Year 5 Year 10 Year Since Inception
Jun 13 1990
Fund at NAV Sep 30 2021 0.00% 0.93% 0.90% 0.47% 2.70%
DAILY-LINKED 90-DAY T-BILL Sep 30 2021 0.07% 1.04% 1.12% 0.60% 2.54%

as of Sep 30 2021

2015 2016 2017 2018 2019 2020
Fund at NAV 0.08% 0.06% 0.58% 1.55% 1.99% 0.32%
DAILY-LINKED 90-DAY T-BILL 0.05% 0.32% 0.95% 1.99% 2.12% 0.38%

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.

SSGA Funds Management, Inc. became the Elfun Government Money Market Fund’s sub-adviser on October 1, 2014.  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. As of that date, 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 7-day current yield for money market funds is the simple average of each of the last 7 days' daily yields. The current yield more closely reflects the current earnings of the Fund than the total return performance information. The 7-day effective yield for money market funds is the result of the current 7-day yield with a compounding assumption.

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: 0.25%


Risk Analysis

Risk Analysis
Month End as of Sep 30 2021
Quarter End as of Sep 30 2021

Month End as of Sep 30 2021

Risk Factor 3 Years 5 Years
Alpha -0.11% -0.22%
Beta 0.00 0.00
Std Deviation 0.27% 0.23%
Information Ratio -2.71 -4.16
R-squared 98.29% 95.72%
Sharpe Ratio -2.71 -4.16
Tracking Error 0.04% 0.05%

Quarter End as of Sep 30 2021

Risk Factor 3 Years 5 Years
Alpha -0.11% -0.22%
Beta 0.00 0.00
Std Deviation 0.27% 0.23%
Information Ratio -2.71 -4.16
R-squared 98.29% 95.72%
Sharpe Ratio -2.71 -4.16
Tracking Error 0.04% 0.05%

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.


Sector Allocation

Sector Allocation
Fund Sector Allocationas of Sep 30 2021

Fund Sector Allocation as of Sep 30 2021

Sector Weight
Treasuries 41.98%
Cash Equivalents & Other 30.20%
Agencies 16.51%
OTHER 11.08%
Sovereign 0.22%

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

GE Asset Management Incorporated, the former investment adviser to the Elfun Government Money Market Fund (the "Fund"), made a voluntary capital contribution to the Fund in the amount of $384,504.16 on October 20, 2016, in order to restore the Fund's mark-to-market net asset value to $1.00 per unit measured as of October 20, 2016, and to address a prior year distribution matter. The Fund was required to disclose additional information about this event on Form N-CR and to file this form with the Securities and Exchange Commission. Any Form N-CR filing submitted by the Fund is available on the EDGAR Database on the Securities and Exchange Commission's Internet site at http://www.sec.gov.

Daily-Linked 90-Day T-Bill is a measure of the performance of U.S. Treasury bills currently available in the market place having a remaining maturity of 90 days. Treasury bills provide fixed rates of return as well as principal guarantees if held to maturity. The returns of the 90-Day T-Bill do not include the effect of sales charges (if any), fees, expenses or taxes associated with a mutual fund.