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State Street Aggregate Bond Index Fund - Class A SSFCX

The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in the debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income.

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

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.

$83.49
as of Apr 18 2024
Total Net Assets
$13.50 M
as of Apr 18 2024
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.

0.603%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2024, separately with respect to each of the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund or the Portfolio, and/or (ii) to reimburse the Fund or the Portfolio to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed  0.025%  of the Fund's or the Portfolio's average daily net assets on an annual basis (for avoidance of doubt, the waiver and/or reimbursement is inclusive of all the allocation of expenses from the Fund). This waiver and/or reimbursement may not be terminated prior to April 30, 2024 except with approval of the Fund/Portfolio's Board of Trustees. 

0.475%
1 Day Nav Change
+$0.12 (+0.14%)

Key Features

The State Street Aggregate Bond Index Fund (the "Fund") seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. dollar denominated investment grade bond market over the long term.

About this Benchmark

The Bloomberg US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non-agency). 

Fund Information as of Apr 20 2024

Benchmark Bloomberg U.S. Aggregate Bond Index
Inception Date Sep 19 2014
Options Available No
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.

0.603%
Net Expense Ratio

The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), is contractually obligated until April 30, 2024, separately with respect to each of the Fund and the Portfolio, (i) to waive up to the full amount of the advisory fee payable by the Fund or the Portfolio, and/or (ii) to reimburse the Fund or the Portfolio to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed  0.025%  of the Fund's or the Portfolio's average daily net assets on an annual basis (for avoidance of doubt, the waiver and/or reimbursement is inclusive of all the allocation of expenses from the Fund). This waiver and/or reimbursement may not be terminated prior to April 30, 2024 except with approval of the Fund/Portfolio's Board of Trustees. 

0.475%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Apr 20 2024

Exchange Listing Date Trading Currency Ticker CUSIP
NASDAQ REGULAR MARKET Sep 19 2014 USD SSFCX 85749T855

Fund Characteristics as of Mar 31 2024

Number of Holdings 5,207
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

4.82%
Effective Average Maturity 8.84 years
Portfolio Duration

Portfolio Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates.  Calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps.  Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

6.47 years

Yields as of Apr 19 2024

30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

2.98%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

2.87%

Fund Net Asset Value as of Apr 18 2024

NAV

NAV

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

$83.49
Shares Outstanding 161,731
Total Net Assets $13.50 M

Fund Performance

  • Fund Inception Date: Sep 19 2014

as of Mar 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 19 2014
Fund at NAV Mar 31 2024 0.82% -0.88% -0.88% 1.14% -2.96% -0.13% - 0.93%
Fund at POP Mar 31 2024 -2.96% -4.60% -4.60% -2.65% -4.19% -0.90% - 0.52%
Benchmark
Bloomberg U.S. Aggregate Bond Index
Mar 31 2024 0.92% -0.78% -0.78% 1.70% -2.46% 0.36% - 1.42%

as of Mar 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 19 2014
Fund at NAV Mar 31 2024 0.82% -0.88% -0.88% 1.14% -2.96% -0.13% - 0.93%
Fund at POP Mar 31 2024 -2.96% -4.60% -4.60% -2.65% -4.19% -0.90% - 0.52%
Benchmark
Bloomberg U.S. Aggregate Bond Index
Mar 31 2024 0.92% -0.78% -0.78% 1.70% -2.46% 0.36% - 1.42%

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. All results are historical and assume the reinvestment of dividends and capital gains. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Gross Expense Ratio: 0.603%

Net Expense Ratio: 0.475%

Top Holdings

Subject to change.

Fund Top Holdings as of Mar 31 2024

Name Weight
US/T 43.94%
FNMA 19.17%
GNMA 5.29%
FNCL 1.24%
G2SF 0.99%
FHLMC 0.73%
BAC 0.66%
FHMS 0.62%
JPM 0.60%
MS 0.50%
Download All Holdings: Monthly

Sector Allocation

Fund Sector Allocation as of Mar 31 2024

Sector Weight
Treasury 43.94%
Mortgage Backed Securities 27.04%
CORPORATE - INDUSTRIAL 15.04%
Corporate - Finance 8.54%
Non Corporates 4.13%
Corporate - Utility 2.35%
CMBS 1.59%
Agency 0.91%
Asset Backed Securities 0.48%
Other -4.02%

Purchase Information

Minimum Investments

Initial $2,000.00

Initial AIP $100.00

Additional AIP $100.00

Brokerage Availability

SSGA Funds are available through most major broker/dealer and supermarket platforms. If you are an investment advisor and have questions regarding platform availability, please call 800-997-7327. Otherwise, please call 877-521-4083.

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 1-800-647-7327 between 8:00 a.m. and 4:00 p.m., Eastern Time, and stating: (a) your account registration number, address and social security or tax identification number, (b) the name of the fund in which the investment is to be made and the account number, and (c) the exact amount being wired.

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

State Street Bank and Trust Co.

Boston, MA 02110

ABA# 0110-0002-8

DDA# 9904-631-0

Attn: SSGA (State Street Aggregate Bond Index Fund - Class A)

Account Number and Registration

Dollar Amount per Account (if one wire is to cover more than one purchase)

Correspondence Information

SSGA Funds

1 Iron Street

Boston, MA 02210

1-800-647-7327

Public Offering Price (POP) - POP is equal to a Fund's Net Asset Value plus sales charges, if any. As with the Net Asset Value, the public offering price (POP) will typically change on a day to day basis. The Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) is 5.25% for Equity Funds, 3.75% for Fixed Income Funds and 4.50% for Target Retirement Funds.

Unless otherwise noted all information contained herein is that of the State Street Aggregate Bond Index Fund - Class A

"Bloomberg®" and Bloomberg U.S. Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend State Street Aggregate Bond Index Fund - Class A. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to State Street Aggregate Bond Index Fund - Class A.

Prior to August 24, 2021, the Bloomberg U.S. Aggregate Bond Index was known as the Bloomberg Barclays U.S. Aggregate Bond Index.