ETFs
Mutual Funds
Home     |     Login     |    Contact Us    |    Product Literature
SSgA Prime Money Market Fund (SVPXX)
Fund Objective  
The fund seeks to maximize current income to the extent consistent with the preservation of capital and liquidity, and the maintenance of a stable $1.00 per share net asset value, by investing in dollar denominated securities.
  Net Asset Value
  As of 07/03/2008
  Price $1.00  
  Daily Factor 0.000065986  
  1 Day Average Yield 2.41%  
  7 Day Average Yield (subsidized) 1 2.44%  
  7 Day Average Yield 1, 2 2.43%  
  Total Net Assets $13,769,779,898.79  
  Performance  
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.
Month End Performance
Total Return * Fund Index
  As of 05/31/2008 As of 05/31/2008
3 Months 0.78%   0.47%  
YTD 1.45%   0.98%  
Annualized    
1 Year 4.48%   3.60%  
3 Year 4.57%   4.15%  
5 Year 3.29%   3.05%  
10 Year 3.75%   3.50%  
Quarter End Performance
Total Return Fund Index
  As of 03/31/2008 As of 03/31/2008
3 Months 0.97%   0.71%  
YTD 0.97%   0.71%  
Annualized    
1 Year 4.88%   4.19%  
3 Year 4.56%   4.21%  
5 Year 3.23%   3.03%  
10 Year 3.79%   3.56%  
Fund Inception Date: 02/22/1994
Top Holdings  
As of 05/31/2008
Security Name Fund
Weight
Bank of America Repo 6.51%
JPM Chase Repo 6.51%
Banco Bilbao Vizcaya YCD 3.62%
Deutsche Bank YCD 3.62%
BNP Paribas YCD 3.62%
Societe Generale Bank FCP 2.89%
Barclays Bank YCD 2.89%
UBS YCD 2.89%
JPM Chase CP 2.89%
Bank of America CP 2.89%
  Fund Composition - Maturity Ladder
  As of 05/31/2008
  Top Sectors
  As of 05/31/2008
  Fund Characteristics
  As of 05/31/2008
  Average Credit Quality A1+P1  
  Average Maturity 40.00 Days  
  Number of Holdings 67  
  Fund Information
  As of 07/03/2008
  Ticker Symbol SVPXX  
  CUSIP 784924797  
  Marginable Not Applicable  
  Short Selling Allowed Not Applicable  
  Gross Expense Ratio 0.24%  
  Net Expense Ratio♦ 0.19%  
  Inception Date 02/22/1994  
  Primary Benchmark Citigroup Treasury Bill-3 Month  
  Investment Manager SSgA Funds Management, Inc.  
  Management Team Money Market Fund Team  
  Distributor State Street Global Markets, LLC  
  Distribution Frequency Monthly  
  Fund Documents
  Quarterly Fund Fact Sheet (.pdf)
  Fund Prospectus (.pdf)
  Statement of Additional Information (.pdf)
  Fund Semi-Annual Report (.pdf)
  Fund Annual Report (.pdf)
To Top

17 Day Yield is as of the 7-day period ending the last business day of the month indicated. The yield quotation stated above more closely reflects the current earnings of the Fund than the total return quotation.

2Figure reflects what the yield would have been without the expense limitation that is currently in effect. Returns would have been lower.

♦The Advisor has contractually agreed to waive .05% of its .15% Management Fee until December 31, 2010. Also, the Advisor has contractually agreed to waive up to the full amount of the Fund’s Management Fee and to reimburse the Fund for all expenses to the extent that total expenses (exclusive of non-recurring account fees and extraordinary expenses) exceed .20% of average daily net assets on an annual basis until December 31, 2008.  The annual Management Fee after waiver and reimbursement is .10%. 

 Average annual total return and total return are historical and include change in share value and reinvestment of dividends and capital gains , if any.

Shares of the SSgA® funds are not insured by the FDIC or by another governmental agency: they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. The SSgA funds pay State Street Bank and Trust Company for its services as custodian, transfer agent and shareholder servicing agent and pays SSgA Funds Management, Inc., an affiliate of State Street Bank and Trust Company, for investment advisory services.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or another governmental agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

The Citigroup 3-Month Treasury Bill Index is comprised of equal dollar amounts of 3-month Treasury bills purchased at the beginning of each of three consecutive months. As each bill matures, all proceeds are rolled over or reinvested in a new 3-month bill. The income used to calculate the monthly return is derived by subtracting the original amount invested from the maturity value. The yield curve average is the basis for calculating the return on the Index. The Index is rebalanced monthly by market capitalization. The Index is unmanaged and can not be invested in directly.