State Street Total Return V.I.S. Fund - Class 3 SSTTX

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. Special risks are associated with investing in foreign securities including currency fluctuations, economic instability and political developments. Securities with different characteristics tend to shift in and out of favor depending upon market and economic conditions. 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. 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. These and other risk considerations are discussed in the Fund's prospectus and summary prospectus.

Before investing in a Fund, you should carefully consider the Fund's investment objectives, risks, fees and expenses. For a free copy of a prospectus and summary prospectus, which contain this and other information call 1-800-242-0134. Please read the fund prospectus and summary prospectus carefully before investing.

NAV

NAV

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

$18.42

as of Sep 17 2021

Assets Under Management

$1,865.02 M

as of Aug 31 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.

0.85%

1 Day Nav Change

-$0.10 (-0.54%)

as of Sep 17 2021

Overall Morningstar Rating
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as of Aug 31 2021


Fund Objective

Fund Objective

The Fund seeks the highest total return, composed of current income and capital appreciation, as is consistent with prudent investment risk by investing primarily in a combination of U.S. and foreign (non-U.S.) equity, debt securities and alternative-style investments.


Investment Strategy

Investment Strategy

The Fund seeks to achieve its investment objective by constructing a broadly diversified portfolio that provides exposure to three primary asset classes either directly or indirectly through investment in exchange-traded funds ("ETFs"): (1) U.S. and foreign (non-U.S.) equity securities (the "Equity Class"); (2) U.S. and foreign (non-U.S.) debt securities (the "Fixed Income Class"); and (3) alternative-style investments (the "Alternative Class"). SSGA FM allocates the Fund's assets among the sub-asset classes in proportions consistent with the potential returns and risks of each sub-asset class as well as the allocations that, in SSGA FM's view, will best meet the Fund's investment objective.


Fund Information as of Sep 19 2021

Fund Information as of Sep 19 2021
Investment Style Primary Benchmark Secondary Benchmark Tertiary 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
Multi-Asset S&P 500 MSCI ACWI ex USA Index Bloomberg Barclays U.S. Aggregate Bond Index May 01 2006 0.85% USD
Investment Style Multi-Asset
Primary Benchmark S&P 500
Secondary Benchmark MSCI ACWI ex USA Index
Tertiary Benchmark Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date May 01 2006
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.

0.85%
Base Currency USD
Investment Manager Management Team Distributor Distribution Frequency
SSGA Funds Management, Inc. Investment Solutions Group (ISG) State Street Global Advisors Funds Distributors, LLC Annually
Investment Manager SSGA Funds Management, Inc.
Management Team Investment Solutions Group (ISG)
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Annually

Investment Team

Investment Team

Michael O Martel

Head of Portfolio Management


Jeremiah Holly, CFA

Portfolio Manager


Listing Information as of Sep 19 2021

Listing Information as of Sep 19 2021

Exchange Trading Currency Listing Date Ticker CUSIP
NASDAQ REGULAR MARKET USD May 01 2006 SSTTX 85751Q302
Exchange NASDAQ REGULAR MARKET
Trading Currency USD
Listing Date May 01 2006
Ticker SSTTX
CUSIP 85751Q302

Fund Net Asset Value as of Sep 17 2021

Fund Net Asset Value as of Sep 17 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
$18.42 -0.54% -$0.10 $18.42 $18.72(2021-09-02) $15.15(2020-09-24)
NAV

NAV

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

$18.42
Percent Change -0.54%
Price Change -$0.10
Offer Price $18.42
NAV 52 Week High $18.72(2021-09-02)
NAV 52 Week Low $15.15(2020-09-24)

Morningstar Rating as of Aug 31 2021

Morningstar Ratingas of Aug 31 2021
Category Overall 3 Years 5 Years 10 Years
Allocation--50% to 70% Eq ★★ ★★ ★★ ★★
# of Funds in Category - 653 595 425

Fund Performance

Fund Performance

  • Fund Inception Date: May 01 2006

as of Aug 31 2021

as of Jun 30 2021

As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Aug 31 2021 1.42% 3.22% 10.64% 1.97% 12.31%
S&P 500 Aug 31 2021 3.04% 7.95% 19.52% 5.49% 21.58%
MSCI ACWI ex USA Index Aug 31 2021 1.90% -0.43% 7.05% 0.22% 9.40%
Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2021 -0.19% 1.63% 1.49% 0.93% -0.69%
As Of 1 Month 3 Month 6 Month QTD YTD
Fund at NAV Jun 30 2021 1.22% 5.80% 10.14% 5.80% 10.14%
S&P 500 Jun 30 2021 2.33% 8.55% 15.25% 8.55% 15.25%
MSCI ACWI ex USA Index Jun 30 2021 -0.65% 5.48% 9.16% 5.48% 9.16%
Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2021 0.70% 1.83% -1.60% 1.83% -1.60%

as of Aug 31 2021

as of Jun 30 2021

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
May 01 2006
Fund at NAV Aug 31 2021 20.73% 7.95% 8.28% 7.64% 5.47%
S&P 500 Aug 31 2021 31.17% 18.07% 18.02% 16.34% 10.67%
MSCI ACWI ex USA Index Aug 31 2021 24.87% 9.37% 9.92% 6.57% 4.42%
Bloomberg Barclays U.S. Aggregate Bond Index Aug 31 2021 -0.08% 5.43% 3.11% 3.18% 4.40%
As Of 1 Year 3 Year 5 Year 10 Year Since Inception
May 01 2006
Fund at NAV Jun 30 2021 26.21% 8.37% 8.45% 6.77% 5.40%
S&P 500 Jun 30 2021 40.79% 18.67% 17.65% 14.84% 10.40%
MSCI ACWI ex USA Index Jun 30 2021 35.72% 9.38% 11.08% 5.45% 4.46%
Bloomberg Barclays U.S. Aggregate Bond Index Jun 30 2021 -0.33% 5.34% 3.03% 3.39% 4.38%

as of Aug 31 2021

2015 2016 2017 2018 2019 2020
Fund at NAV -1.34% 6.08% 15.26% -6.61% 15.57% 6.14%
S&P 500 1.38% 11.96% 21.83% -4.38% 31.49% 18.40%
MSCI ACWI ex USA Index -5.66% 4.50% 27.19% -14.20% 21.51% 10.65%
Bloomberg Barclays U.S. Aggregate Bond Index 0.55% 2.65% 3.54% 0.01% 8.72% 7.51%

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.

The performance figures shown above reflect the impact of fees and expenses for the funds' share class, and include the reinvestment of all income dividends and capital gains distributions, but do not include the effect of taxation. State Street Global Advisors ("SSGA") may have reimbursed certain expenses or waived certain fees during the periods shown. Absent those reimbursements, the Fund's total return or yield would have been lower.

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.

None of the Funds or share classes (if applicable) assess a sales charge upon the purchase or redemption of shares.

The blended index is not the State Street Total Return V.I.S. Fund's benchmark and is being shown for illustrative purposes only. The blended index is not intended to represent the current or targeted asset allocation of the Fund.

The Total Annual Fund Operating Expenses shown for each Fund share class reflects the total annual operating expenses of the Fund share class prior to any fee waivers or expense reimbursements, as provided in the most recent Fund prospectus. Actual Fund operating expenses will change over time based on Fund asset levels and other factors and may be higher or lower than those estimated for the current fiscal year.

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.

*Morningstar Moderate Allocation open end funds universe. Information has been obtained from Morningstar, a third party source deemed to be reliable; however State Street Global Advisors ("SSGA") has not undertaken any independent analysis and provides no representation as to the accuracy of such information. Use of this content requires expert knowledge. This analytical data is intended for institutional investors only and is based on gross performance information before deduction of advisory fees.

© 2016 Morningstar, Inc. All Rights Reserved. The information, data analysis and opinions contained herein: (1) include the confidential and proprietary information of Morningstar Inc., (2) may not be copied or re-distributed, (3) do not constitute investment advice by Morningstar, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analysis or opinions or their use. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results.

Gross Expense Ratio: 0.85%


Risk Analysis

Risk Analysis
Month End as of Aug 31 2021
Quarter End as of Jun 30 2021

Month End as of Aug 31 2021

Risk Factor 3 Years 5 Years
Alpha -3.17% -2.73%
Beta 0.63 0.62
Std Deviation 11.85% 9.61%
Information Ratio -1.30 -1.49
R-squared 90.99% 89.51%
Sharpe Ratio 0.57 0.74
Tracking Error 7.77% 6.54%

Quarter End as of Jun 30 2021

Risk Factor 3 Years 5 Years
Alpha -3.14% -2.42%
Beta 0.63 0.62
Std Deviation 11.87% 9.64%
Information Ratio -1.32 -1.41
R-squared 91.03% 89.63%
Sharpe Ratio 0.60 0.76
Tracking Error 7.79% 6.52%

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.


Asset Allocation

Asset Allocation
Fund Asset Allocationas of Aug 31 2021

Fund Asset Allocation as of Aug 31 2021

Sector Weight
US Large Cap Equity 33.37%
US Investment Grade 24.13%
World Ex US 15.07%
Cash/Other 11.39%
US Small Cap Equity 9.10%
Emerging Markets Equity 7.08%

Geographical Breakdown

Geographical Breakdown

Refer to Portfolio Holdings for Portfolio's full holding details.

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

Bloomberg Barclays U.S. Aggregate Bond Index (BC Agg Bond) is an unmanaged, market value weighted index of investment-grade debt issues, including government, corporate, asset-backed and mortgage-backed securities, with maturities of more than 1 year.

MSCI ACWI ex-US (MSCI ACWI xUS) is a market-capitalization-weighted index maintained by MSCI and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The index includes both developed and emerging markets.

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").

The blended index is not the State Street Total Return V.I.S. Fund's benchmark and is being shown for illustrative purposes only. The blended index is not intended to represent the current or targeted asset allocation of the Fund.

The State Street Variable Insurance Series Funds are available only through variable annuity and variable life contracts offered by other financial institutions. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and expenses associated with the underlying investment options.