State Street Institutional Liquid Reserves Fund - Trust Class TILXX

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.

$1.0002

$1.0002

$1.0002

as of Sep 21 2020

8AM 12PM 3PM
Net Assets

$14,757,080,378

as of Sep 21 2020

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.

39

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.

61

as of Sep 21 2020

Daily Factor

Daily Factor

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

0.000001313

as of Sep 21 2020

Yield

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

0.05%

0.06%

0.08%

as of Sep 21 2020

1 Day 7 Day 30 Day
Performance

0.01%

1.15%

as of Aug 31 2020

1 MONTH 1 YEAR

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

Fund Objective

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 Sep 21 2020

Fund Information as of Sep 21 2020
Ticker Symbol Inception Date CUSIP NAIC Min. initial investment Net Expense Ratio 1
TILXX Aug 29 2016 85749Q455 No $15,000,000 0.18%
Ticker Symbol TILXX
Inception Date Aug 29 2016
CUSIP 85749Q455
NAIC No
Min. initial investment $15,000,000
Net Expense Ratio 1 0.18%
S&P Fund Rating* Fitch Fund Rating* Investment Manager Distributor Distribution Frequency
AAAm AAAmmf SSGA Funds Management, Inc. State Street Global Advisors Funds Distributors, LLC Monthly
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

Historical NAV

Data shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical data of the Fund's Investment Class shares.

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 shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical performance of the Fund's Investment Class shares. The inception date of the performance for the Investment Class is October 15, 2007.

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

Current Fund Performance

  • Fund Inception Date: Aug 29 2016

as of Aug 31 2020

as of Jun 30 2020

As Of Net Assets ($MM) 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Aug 29 2016
Month End Aug 31 2020 $16,008.74 0.01% 0.03% 0.53% 1.15% 1.70% 1.18% 0.59% 1.39%
As Of Net Assets ($MM) 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Aug 29 2016
Quarter End Jun 30 2020 $17,189.49 0.01% 0.23% 0.51% 1.51% 1.76% 1.18% 0.59% 1.40%

Performance shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical performance of the Fund's Investment Class shares. The inception date of the performance for the Investment Class is October 15, 2007.

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.

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


Historical Fund Performance

Historical Fund Performance

Date Net Assets ($MM) 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Aug 29 2016
Aug 31 2020 $16,008.74 0.01% 0.03% 0.53% 1.15% 1.70% 1.18% 0.59% 1.39%
Jul 31 2020 $16,321.26 0.01% 0.09% 0.52% 1.32% 1.73% 1.18% 0.59% 1.39%
Jun 30 2020 $17,189.49 0.01% 0.23% 0.51% 1.51% 1.76% 1.18% 0.59% 1.40%
May 31 2020 $17,019.79 0.07% 0.19% 0.50% 1.69% 1.78% 1.17% 0.59% 1.41%
Apr 30 2020 $16,744.62 0.15% 0.27% 0.43% 1.85% 1.79% 1.16% 0.58% 1.41%
Mar 31 2020 $14,715.97 -0.02% 0.28% 0.28% 1.90% 1.76% 1.13% 0.56% 1.41%
Feb 29 2020 $21,748.75 0.14% 0.44% 0.30% 2.13% 1.79% 1.14% 0.57% 1.42%
Jan 31 2020 $22,745.06 0.16% 0.44% 0.16% 2.19% 1.76% 1.11% 0.55% 1.41%

No data available.

Download: Performance

Performance shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical performance of the Fund's Investment Class shares. The inception date of the performance for the Investment Class is October 15, 2007.

Yields shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical yields of the Fund's Investment Class. The inception date of the Investment Class is October 15, 2007.

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.

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

Current Yield

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
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
Sep 21 2020 $14,757.08 0.000001313 0.05% 0.06% 0.08% 0.05% 0.05% 0.08%

Yields shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical yields of the Fund's Investment Class. The inception date of the Investment Class is October 15, 2007.

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.


Historical Yield

Historical Yield

< 2020 >
Jan Feb Mar Apr
May Jun Jul Aug
Sep Oct Nov Dec
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
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
Sep 21 2020 $14,757.08 0.000001313 0.05% 0.06% 0.08% 0.05% 0.05% 0.08%
Sep 18 2020 $15,024.92 0.000003956 0.05% 0.06% 0.08% 0.05% 0.06% 0.08%
Sep 17 2020 $14,888.58 0.000001414 0.05% 0.07% 0.09% 0.04% 0.07% 0.09%
Sep 16 2020 $14,411.34 0.000001966 0.07% 0.07% 0.09% 0.07% 0.07% 0.09%
Sep 15 2020 $14,409.49 0.000001985 0.07% 0.07% 0.09% 0.07% 0.07% 0.09%
Sep 14 2020 $14,436.85 0.000002062 0.08% 0.07% 0.09% 0.07% 0.07% 0.09%
Sep 11 2020 $15,042.35 0.000005605 0.07% 0.07% 0.09% 0.07% 0.07% 0.09%
Sep 10 2020 $14,881.93 0.000001966 0.07% 0.08% 0.10% 0.07% 0.08% 0.10%
Sep 09 2020 $14,679.67 0.000002125 0.08% 0.09% 0.10% 0.08% 0.08% 0.10%
Sep 08 2020 $15,162.49 0.000002190 0.08% 0.09% 0.10% 0.08% 0.09% 0.10%
Sep 04 2020 $15,382.90 0.000009561 0.09% 0.09% 0.10% 0.09% 0.09% 0.10%
Sep 03 2020 $15,067.86 0.000002505 0.09% 0.09% 0.11% 0.09% 0.09% 0.11%
Sep 02 2020 $14,977.16 0.000002591 0.09% 0.09% 0.11% 0.09% 0.09% 0.11%
Sep 01 2020 $15,356.09 0.000002480 0.09% 0.09% 0.11% 0.09% 0.09% 0.11%

No data available.

Download: Yields

Performance shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical performance of the Fund's Investment Class shares. The inception date of the performance for the Investment Class is October 15, 2007.

Yields shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical yields of the Fund's Investment Class. The inception date of the Investment Class is October 15, 2007.

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.

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.


Liquid Assets

Liquid Assets

View: Daily Weekly

Data shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical data of the Fund's Investment Class shares.

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.

Data shown for the periods prior to the inception of the State Street Institutional Liquid Reserves Fund - Trust Class on August 29, 2016 reflects the historical data of the Fund's Investment Class shares.

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

Net Inflows/Outflows

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.

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 Holdingsas of Aug 31 2020

Fund Top Holdings
as of Aug 31 2020
Name Weight
Morgan Stanley Tri Party Repo 3.13%
DNB Bank ASA 3.09%
Mizuho Bank Ltd. 2.63%
Royal Bank of Canada 2.16%
BNP Paribas Prime Brokerage International Ltd. Tri Party Repo 1.85%
Cooperatieve Rabobank UA 1.79%
MUFG Securities Repo 1.54%
National Australia Bank Ltd. 1.25%
Bank of Montreal 1.24%
Canadian Imperial Bank of Commerce 1.24%
Download All Holdings: Weekly Monthly

Fund Sector Allocationas of Aug 31 2020

Fund Sector Allocation
as of Aug 31 2020
Sector Weight
Financial Company Commercial Paper 31.29%
Certificate of Deposit 29.69%
Asset Backed Commercial Paper 14.21%
Government Agency Repurchase Agreement 7.67%
Treasury Repurchase Agreement 5.90%
Treasury Debt 5.56%
Other Repurchase Agreement 5.11%
Other Instrument 0.57%

Composition Maturity Ladderas of Aug 31 2020

Composition Maturity Ladder
as of Aug 31 2020
Sector Weight
Overnight (1 Day) 20.76%
2 - 30 Days 17.25%
31 - 60 Days 16.98%
61 - 90 Days 19.57%
Over 90 Days 25.44%

Minimum Investment

Minimum Investment as of Sep 21 2020
Min. initial investment
$15,000,000
Min. initial investment $15,000,000

To Purchase by Wire

To Purchase by Wire

You may make initial or subsequent investments by wiring federal funds to State Street, as Transfer Agent, 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 (Trust Class)
  • Account Number and Registration
  • Dollar Amount per Account (if one wire is to cover more than one purchase)

Correspondence Information

Correspondence Information

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


Brokerage Availability

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

Trading Deadline Information as of Sep 21 2020
SSIT INSTITUTIONAL LIQUID RESERVES FUND* SSIT ESG LIQUID RESERVES FUND* SSIT GOVERNMENT FUND SSIT TREASURY FUND SSIT TREASURY PLUS FUND
FNAV strike times 8AM, 12PM & 3PM ET FNAV strike times 8AM, 12PM & 3PM ET 5:00 PM ET 2:30 PM ET 5:00 PM ET
SSIT INSTITUTIONAL LIQUID RESERVES FUND* FNAV strike times 8AM, 12PM & 3PM ET
SSIT ESG 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 and the ESG 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.


Fund Footnote

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.

1The Fund's investment adviser, SSGA Funds Management, Inc. is contractually obligated until April 30, 2021 to waive its management fee and/or to reimburse the Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and any class specific expenses such as Distribution, Shareholder Servicing, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07% of average daily net assets on an annual basis. This waiver and/or reimbursement may not be terminated prior to April 30, 2021 except with approval of the Fund's Board of Trustees.

Trust Share Class is not open to new investors at this time.

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