State Street Institutional Liquid Reserves Fund - Premier Class SSIXX

Overview Performance Liquidity Holdings Documents How to Buy More Insights

NAV

NAV

Net asset value (NAV) is the value per share of a mutual fund on at a specific date and time. The per-share dollar amount of the fund is based on the total value of all the securities in its portfolio, any liabilities the fund has and the number of fund shares outstanding.

$1.0004

as of Nov 30 2023

Net Assets ($MM)

$13,097.72

as of Nov 29 2023

WAM

WAM

WAM (Weighted Average Maturity) is a measure of a fund's sensitivity to interest rate movements utilizing the interest-rate reset date and not a security's stated final maturity.

WAL

WAL

WAL (Weighted Average Life) is a measure of a fund's sensitivity to credit spreads or liquidity conditions utilizing a security's stated final maturity date or the date of the next demand feature. WAL does not reflect changes in the interest rate reset date.

as of Nov 29 2023

Daily Factor

Daily Factor

A decimal representing the portion of an annual yield earned in one day.

0.000150645

as of Nov 29 2023

Yield^†

^†The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.

5.50%

5.49%

as of Nov 29 2023

Performance

0.47%

5.03%

as of Oct 31 2023

Yield quotations more closely reflect the current earnings of money market funds than the total return quotations. 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.

Quick Links

Factsheet pdf

Fund Objective

The investment objective of State Street Institutional Liquid Reserves Fund ( "ILR" or sometimes referred to in context as the "Fund") is to seek to maximize current income, to the extent consistent with the preservation of capital and liquidity, by investing in U.S. dollar-denominated money market securities.

Fund Information as of Nov 30 2023

Ticker Symbol	SSIXX
Inception Date	Aug 12 2004
CUSIP	85749P101
NAIC	No
Min. initial investment	$250,000,000
Net Expense Ratio¹	0.12%
S&P Fund Rating^*	AAAm
Fitch Fund Rating^*	AAAmmf
Investment Manager	SSGA Funds Management, Inc.
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Historical NAV

Download: Schedule of Daily Information

The Historical Net Asset Value ("NAV") chart displays the 3:00pm ET Floating NAV of the fund. Prior to October 12, 2016, the Historical NAV chart displayed the Shadow NAV of the fund. The Shadow NAV of the Fund was designed to show the extent of deviation, if any, of the net asset value of the Fund using the amortized cost method of valuation in which, during the calculating the Fund's NAV, portfolio securities are valued at the fund's acquisition cost, as adjusted for amortization of premium or accretion of discount, intended to create a "stable NAV", in comparison to portfolio securities being valued based on available market quotations or current market factors, creating a likely "floating NAV". An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other Government agency. None of the State Street Corporation, State Street Bank and Trust Company, State Street Global Advisors, SSGA Funds Management, Inc. or their affiliates ("State Street Entities") guarantee the value of your investment at $1.00 per share.

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. Effective October 12, 2016, Performance is calculated using the Fund's 3pm ET Floating NAV.

Current Fund Performance

Fund Inception Date: Aug 12 2004

as of Oct 31 2023

	As Of	Net Assets ($MM)	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Aug 12 2004
Month End	Oct 31 2023	$13,152.82	0.47%	1.39%	4.32%	5.03%	2.02%	1.87%	1.26%	1.59%

as of Sep 30 2023

	As Of	Net Assets ($MM)	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Aug 12 2004
Quarter End	Sep 30 2023	$14,869.60	0.44%	1.36%	3.83%	4.81%	1.86%	1.81%	1.21%	1.57%

Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursements.

Historical Fund Performance

View:

Date	Net Assets ($MM)	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Aug 12 2004
Oct 31 2023	$13,152.82	0.47%	1.39%	4.32%	5.03%	2.02%	1.87%	1.26%	1.59%
Sep 30 2023	$14,869.60	0.44%	1.36%	3.83%	4.81%	1.86%	1.81%	1.21%	1.57%
Aug 31 2023	$13,728.65	0.47%	1.35%	3.38%	4.58%	1.71%	1.75%	1.17%	1.56%
Jul 31 2023	$13,628.82	0.44%	1.31%	2.89%	4.31%	1.56%	1.69%	1.12%	1.54%
Jun 30 2023	$14,842.01	0.43%	1.28%	2.44%	4.00%	1.41%	1.64%	1.08%	1.52%
May 31 2023	$13,192.67	0.44%	1.23%	2.00%	3.63%	1.27%	1.59%	1.04%	1.50%
Apr 30 2023	$13,944.85	0.42%	1.16%	1.56%	3.26%	1.15%	1.54%	1.00%	1.49%
Mar 31 2023	$13,045.64	0.38%	1.14%	1.14%	2.87%	1.07%	1.49%	0.95%	1.47%
Feb 28 2023	$12,379.86	0.36%	1.12%	0.76%	2.49%	0.93%	1.43%	0.92%	1.46%
Jan 31 2023	$12,942.24	0.40%	1.09%	0.40%	2.12%	0.86%	1.38%	0.88%	1.44%

No data available.

Download: Performance

Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursements.

Yield quotations more closely reflect the current earnings of money market funds than the total return quotations. Effective October 12, 2016, Yields are calculated using the Fund's 3pm ET Floating NAV.

Current Yield

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
			Subsidized Yields^† ^†The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.			Unsubsidized Yields
Nov 29 2023	$13,097.72	0.000150645	5.50%	5.49%	5.49%	5.50%	5.49%	5.49%

Historical Yield

Show:

<	2023		>
Jan	Feb	Mar	Apr
May	Jun	Jul	Aug
Sep	Oct	Nov	Dec

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
			Subsidized Yields^† ^†The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.			Unsubsidized Yields
Nov 29 2023	$13,097.72	0.000150645	5.50%	5.49%	5.49%	5.50%	5.49%	5.49%
Nov 28 2023	$13,601.88	0.000150423	5.49%	5.49%	5.49%	5.49%	5.49%	5.49%
Nov 27 2023	$13,377.04	0.000150340	5.49%	5.49%	5.48%	5.49%	5.49%	5.48%
Nov 24 2023	$13,043.04	0.000451367	5.49%	5.49%	5.48%	5.49%	5.49%	5.48%
Nov 22 2023	$12,438.62	0.000301248	5.50%	5.50%	5.48%	5.50%	5.50%	5.48%
Nov 21 2023	$12,850.56	0.000150459	5.49%	5.50%	5.48%	5.49%	5.50%	5.48%
Nov 20 2023	$12,912.88	0.000150522	5.49%	5.50%	5.48%	5.49%	5.50%	5.48%
Nov 17 2023	$12,338.16	0.000451716	5.50%	5.50%	5.48%	5.50%	5.50%	5.48%
Nov 16 2023	$12,024.22	0.000150721	5.50%	5.49%	5.48%	5.50%	5.49%	5.48%
Nov 15 2023	$12,310.14	0.000150562	5.50%	5.49%	5.48%	5.50%	5.49%	5.48%
Nov 14 2023	$12,202.46	0.000150665	5.50%	5.49%	5.47%	5.50%	5.49%	5.47%
Nov 13 2023	$12,245.21	0.000150549	5.50%	5.49%	5.47%	5.50%	5.49%	5.47%
Nov 10 2023	$13,220.68	0.000450551	5.48%	5.48%	5.47%	5.48%	5.48%	5.47%
Nov 09 2023	$12,712.01	0.000150566	5.50%	5.48%	5.47%	5.50%	5.48%	5.47%
Nov 08 2023	$12,500.24	0.000150601	5.50%	5.47%	5.47%	5.50%	5.47%	5.47%
Nov 07 2023	$12,582.77	0.000150116	5.48%	5.47%	5.47%	5.48%	5.47%	5.47%
Nov 06 2023	$12,853.84	0.000149602	5.46%	5.47%	5.47%	5.46%	5.47%	5.47%
Nov 03 2023	$12,799.96	0.000449225	5.47%	5.47%	5.47%	5.47%	5.47%	5.47%
Nov 02 2023	$12,238.53	0.000149918	5.47%	5.47%	5.46%	5.47%	5.47%	5.46%
Nov 01 2023	$12,602.58	0.000149625	5.46%	5.47%	5.46%	5.46%	5.47%	5.46%

No data available.

Download: Yields

Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursements.

Liquid Assets

Download: Schedule of Daily Information

Daily Liquid Assets are defined as cash, direct obligations of the United States 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 United States Government, certain securities issued by entities acting as an instrumentality of (and controlled or supervised by) the United States Government subject to conditions specified in Section 270.2a7 of the Investment Company Act of 1940, as amended, 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

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.

Fund Top Holdings as of Oct 31 2023

Abu Dhabi International Bank I	3.35%
Skandinaviska Enskilda Banken AB	3.07%
Royal Bank of Canada Tri Party Repo	2.88%
KBC Bank NV	2.30%
Anglesea Funding LLC	1.92%
Australia & New Zealand Banking Group Ltd. Repo	1.92%
Bank of Montreal	1.92%
Citibank NA	1.92%
JPM Chase Tri Party Repo	1.92%
Swedbank AB	1.92%

Download All Holdings: Weekly (XLSX | PDF) Monthly (XLSX | PDF) Historical Holdings

Fund Sector Allocation as of Oct 31 2023

Sector	Weight
Financial Company Commercial Paper	36.14%
Certificate of Deposit	28.40%
Other Repurchase Agreement	15.05%
Asset Backed Commercial Paper	14.43%
Government Agency Repurchase Agreement	3.86%
Other Instrument	1.58%
Treasury Repurchase Agreement	0.54%

Composition Maturity Ladder as of Oct 31 2023

Sector	Weight
Overnight (1 Day)	14.04%
2 - 30 Days	30.56%
31 - 60 Days	8.20%
61 - 90 Days	13.88%
Over 90 Days	33.32%

Document

Fund Documents

Related Literature

Minimum Investment

Min. initial investment

$250,000,000

To Purchase by Wire

You may make initial or subsequent investments by wiring federal funds to State Street, by:

1.) Telephoning the Customer Service Department at 866-392-0869 between 7:00 a.m. and 5:00 p.m., Eastern Standard Time, and stating:

Your account registration name, address and Social Security or tax identification number
The name of the fund in which the investment is to be made and the account number
The exact amount being wired

2.) Instructing the wiring bank to wire federal funds to:

State Street Bank and Trust Co.

1 Iron Street
ABA# 0110-0002-8
DDA# 9904-631-0
Attn: State Street Institutional Liquid Reserves Fund (Premier Class)
Account Number and Registration
Dollar Amount per Account (if one wire is to cover more than one purchase)

Correspondence Information

State Street Institutional Trust Funds
Global Cash Business
PO Box 219737
Kansas City, MO
64121-9737

Brokerage Availability

State Street Institutional Trust Funds are available through most major broker/dealer and supermarket platforms.

If you are an investor advisor and have questions regarding platform availability, please call 800-997-7327. Otherwise, please call 877-521-4083.

Trading Deadline Information

SSIT INSTITUTIONAL LIQUID RESERVES FUND*	FNAV strike times 8AM, 12PM & 3PM ET
SSIT GOVERNMENT FUND	5:00 PM ET
SSIT TREASURY FUND	2:30 PM ET
SSIT TREASURY PLUS FUND	5:00 PM ET

*The Institutional Liquid Reserves Fund's trading hours are 8AM-3PM ET. NAVs strike at 8AM, 12PM and 3PM ET. Any trades placed after 3PM ET will be entered for the next day's 8AM ET strike time.

Beginning on 12/15/2017 the assets displayed are at the Portfolio level. Prior to this date the assets displayed were at the share class level.

¹Total Annual Fund Operating Expense Waivers. SSGA FM, as the investment adviser to each Fund is contractually obligated, through April 30, 2024 (i) to waive up to the full amount of the advisory fee payable by each Fund, and/or (ii) to reimburse a Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, acquired fund fees, any class-specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.07% of average daily net assets on an annual basis (the “Total Annual Fund Operating Expense Waiver”). The Total Annual Fund Operating Expense Waiver may not be terminated prior to April 30, 2024 with respect to any Fund except with approval of the Fund’s Board of Trustees.

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), and its affiliates, may voluntarily reduce all or a portion of their fees and/or reimburse expenses of the Fund or a share class to the extent necessary to maintain a certain minimum net yield, which may vary from time to time and from share class to share class within the Fund, in SSGA FM’s sole discretion (any such waiver or reimbursement of expenses being referred to herein as a “Voluntary Reduction”), or a yield below a specified level, which may vary from time to time in the Adviser’s sole discretion. The Fund has agreed, subject to certain limitations, to reimburse the Adviser and its affiliates for the full dollar amount of any Voluntary Reduction incurred beginning on May 1, 2020. During the fiscal year ended December 31, 2022, the Adviser and its affiliates waived fees and/or reimbursed expenses under the Voluntary Reduction. Each of the Adviser and its affiliates may, in its sole discretion, irrevocably waive receipt of any or all reimbursement amounts due from the Fund. Any future reimbursement by the Fund of the Voluntary Reduction would increase the Fund’s expenses and may reduce the Fund’s yield during such period. There is no guarantee that the Voluntary Reduction will be in effect at any given time or that the Fund will be able to avoid a negative yield.

Holdings subject to change.

† The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.

* 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- www.standardandpoors.com/ratings/funds-mmf/en/us, Fitch- www.fitchratings.com