Elfun Trusts ELFNX

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. 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. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. These and other risk considerations are discussed in the Fund's prospectus and summary prospectus.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

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

$72.06

as of Aug 12 2022

Base Currency

USD

Assets Under Management

$3,329.62 M

as of Jul 31 2022

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.

0.18%

1 Day Nav Change

+$1.22 (1.72%)

as of Aug 12 2022


Fund Objective

Fund Objective

Long-term growth of capital and future income rather than current income.


Investment Strategy

Investment Strategy

The Fund seeks to achieve its investment objectives by investing in equity securities of U.S. companies, such as common and preferred stocks. A U.S. company is a company that generates at least 50% of its revenues or profits from business activities in the U.S., has at least 50% of its assets situated in the U.S., or has the principal trading market for its securities in the U.S. The portfolio manager selects equity securities from a number of industries based on the merits of individual companies. In seeking to satisfy the Fund’s investment objective with respect to future income, the portfolio manager will also consider companies that have the potential to pay dividends in the future. 


Fund Information as of Aug 14 2022

Fund Information as of Aug 14 2022
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
Large Cap Core S&P 500 Index May 27 1935 0.18% USD SSGA Funds Management, Inc. Fundamental Equities
Investment Style Large Cap Core
Benchmark S&P 500 Index
Inception Date May 27 1935
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.

0.18%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Fundamental Equities
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Annually
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Investment Team

Investment Team

Christopher J Sierakowski


William Douglas Sandow


Listing Information as of Aug 14 2022

Listing Information as of Aug 14 2022

Exchange Trading Currency Listing Date Ticker CUSIP
NASDAQ REGULAR MARKET USD May 27 1935 ELFNX 286281100
Exchange NASDAQ REGULAR MARKET
Trading Currency USD
Listing Date May 27 1935
Ticker ELFNX
CUSIP 286281100

Fund Characteristics as of Jul 31 2022

Fund Characteristics as of Jul 31 2022
Number of Holdings Med Market Cap ($M) Weighted Average Market Cap ($M) Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

Dividend Yield (%)

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

Annual Portfolio Turnover (%)
40 125,854.00 617,342.77 4.53 16.95 1.12 29.62
Number of Holdings 40
Med Market Cap ($M) 125,854.00
Weighted Average Market Cap ($M) 617,342.77
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

4.53
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

16.95
Dividend Yield (%)

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

1.12
Annual Portfolio Turnover (%) 29.62

Index Characteristics as of Jul 31 2022

Index Characteristics as of Jul 31 2022
Number of Holdings Med Market Cap ($M) Weighted Average Market Cap ($M) Price/Book Ratio Price/Earnings Ratio FY1 Dividend Yield (%)
500 29,897.50 550,843.89 3.97 17.13 1.60
Number of Holdings 500
Med Market Cap ($M) 29,897.50
Weighted Average Market Cap ($M) 550,843.89
Price/Book Ratio 3.97
Price/Earnings Ratio FY1 17.13
Dividend Yield (%) 1.60

Fund Net Asset Value as of Aug 12 2022

Fund Net Asset Value as of Aug 12 2022
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
$72.06 1.72% $1.22 $72.06 $90.23(Nov 09 2021) $61.24(Jun 16 2022)
NAV

NAV

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

$72.06
Percent Change 1.72%
Price Change $1.22
Offer Price $72.06
NAV 52 Week High $90.23(Nov 09 2021)
NAV 52 Week Low $61.24(Jun 16 2022)

Fund Performance

Fund Performance

  • Fund Inception Date: May 27 1935

as of Jul 31 2022

as of Jun 30 2022

As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Jul 31 2022 9.54% -0.06% -10.55% 9.54% -13.46%
S&P 500 Index Jul 31 2022 9.22% 0.39% -7.81% 9.22% -12.58%
As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Jun 30 2022 -8.70% -16.55% -21.00% -16.55% -21.00%
S&P 500 Index Jun 30 2022 -8.25% -16.10% -19.96% -16.10% -19.96%

as of Jul 31 2022

as of Jun 30 2022

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
May 27 1935
Fund at NAV Jul 31 2022 -9.14% 14.50% 13.46% 14.38% 11.86%
S&P 500 Index Jul 31 2022 -4.64% 13.36% 12.83% 13.80% 11.14%
As Of 1 Year 3 Year 5 Year 10 Year Since Inception
May 27 1935
Fund at NAV Jun 30 2022 -15.13% 11.40% 12.23% 13.62% 11.62%
S&P 500 Index Jun 30 2022 -10.62% 10.60% 11.31% 12.96% 11.04%

as of Jul 31 2022

2016 2017 2018 2019 2020 2021
Fund at NAV 6.08% 25.61% -3.39% 35.57% 25.07% 24.28%
S&P 500 Index 11.96% 21.83% -4.38% 31.49% 18.40% 28.71%

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 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: 0.18%


Risk Analysis

Risk Analysis
Month End as of Jul 31 2022
Quarter End as of Jun 30 2022

Month End as of Jul 31 2022

Risk Factor 3 Years 5 Years
Alpha 1.24% 0.67%
Beta 0.98 0.99
Std Deviation 19.00% 17.38%
Information Ratio 0.35 0.21
R-squared 97.04% 97.07%
Sharpe Ratio 0.74 0.71
Tracking Error 3.28% 2.97%

Quarter End as of Jun 30 2022

Risk Factor 3 Years 5 Years
Alpha 0.94% 0.93%
Beta 0.98 0.99
Std Deviation 18.37% 17.01%
Information Ratio 0.24 0.30
R-squared 96.81% 96.77%
Sharpe Ratio 0.59 0.66
Tracking Error 3.30% 3.06%

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.


Top Holdings

The top ten holdings do not include money market instruments and/or futures contracts. Depositary receipts are normally combined with the underlying security. The securities cited may not represent the Fund's current or future holdings and should not be construed as a recommendation to purchase or sell a particular security. The figures presented do not include the Fund's entire investment portfolio and may change at any time.

Top Holdings

The top ten holdings do not include money market instruments and/or futures contracts. Depositary receipts are normally combined with the underlying security. The securities cited may not represent the Fund's current or future holdings and should not be construed as a recommendation to purchase or sell a particular security. The figures presented do not include the Fund's entire investment portfolio and may change at any time.

Fund Top Holdingsas of Jul 31 2022

Fund Top Holdings as of Jul 31 2022

Name Weight
MICROSOFT CORPORATION 7.40%
ALPHABET INC 6.05%
APPLE INC 5.76%
AMAZON.COM INC 5.12%
CONOCOPHILLIPS 4.07%
JOHNSON & JOHNSON 3.52%
UNITEDHEALTH GROUP INC 3.29%
MASTERCARD INC 3.20%
VISA INC 3.10%
QUALCOMM INCORPORATED 3.10%

Sector Allocation

Sector Allocation
Fund Sector Allocationas of Jul 31 2022
Index Sector Allocationas of Jul 31 2022

Fund Sector Allocation as of Jul 31 2022

Sector Weight
Information Technology 32.32%
Health Care 15.59%
Financials 10.90%
Communication Services 9.45%
Consumer Discretionary 9.14%
Industrials 7.41%
Energy 4.07%
Cash Equivalents & Other 3.30%
Real Estate 2.67%
Consumer Staples 1.94%
Utilities 1.93%
Materials 1.22%
Accrued Income 0.05%

Index Sector Allocation as of Jul 31 2022

Sector Weight
Information Technology 27.91%
Health Care 14.32%
Financials 10.63%
Communication Services 8.41%
Consumer Discretionary 11.49%
Industrials 7.83%
Energy 4.37%
Cash Equivalents & Other 0.00%
Real Estate 2.90%
Consumer Staples 6.60%
Utilities 3.00%
Materials 2.52%
Accrued Income 0.00%

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

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").