Home   »   Mutual Funds : SSgA Prime Money Market Fund - Class N (SVPXX)

SSgA Prime Money Market Fund - Class N

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.

Fund Information

As of 09/02/2015
Ticker SymbolSVPXX
Gross Expense Ratio

The gross expense ratio is 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.

Net Expense Ratio

The fund's investment advisor is contractually obligated until December 31, 2014 to waive 0.05% of its 0.15% management fee. Additionally, the advisor is further contractually obligated until December 31, 2015 to waive its management fee and/or to reimburse the fund for all expenses to the extent that total expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.15% of average daily net assets on an annual basis.

Inception Date02/22/1994
Investment ManagerSSGA Funds Management, Inc.
Management TeamMoney Market Fund Team
DistributorState Street Global Markets, LLC
Distribution FrequencyMonthly

Fund Characteristics

As of 07/31/2015
Average Maturity in Days33.00
Number of Holdings122
Weighted Average Life in Days80.00



Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of 09/01/2015
1 Day Average Yield0.00%
1 Day Average Yield (subsidized)*0.07%
30 Day Average Yield-0.01%
30 Day Average Yield (subsidized)*0.06%
7 Day Average Yield-0.01%
7 Day Average Yield (subsidized)*0.07%
Daily Factor0.000002014
Shares Outstanding5,633.83 M
Total Net Assets$5,633.84 M

Fund Documents

Fund Performance

NAV Month End
As of 07/31/2015
NAV Quarter End
As of 06/30/2015
1 Month 0.00% 0.00%
QTD 0.00% 0.01%
YTD 0.02% 0.01%
1 Year 0.02% 0.02%
3 Year 0.04% 0.04%
5 Year 0.07% 0.07%
10 Year 1.51% 1.54%
2.91% 2.93%

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.

Purchase Information

Minimum Investments
Initial $10M

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 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.
225 Franklin Street, Boston, MA 02110
ABA# 0110-0002-8
Attn: SSGA (SSGA Prime Money Market Fund)
Account Number and Registration
Dollar Amount Per Account (if one wire is to cover more than one purchase)

Correspondence Information
SSGA Funds
One Lincoln Street
Boston, MA 02111-2900

Performance Chart

As of1 MonthQTDYTD1 Year3 Year5 Year10 YearSince
Month End
Fund at NAV07/31/20150.00%0.00%0.02%0.02%0.04%0.07%1.51%2.91%
Quarter End
Fund at NAV06/30/20150.00%0.01%0.01%0.02%0.04%0.07%1.54%2.93%

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.

Gross Expense Ratio: 0.24%

Net Expense Ratio: 0.19%

Performance Graphs

Month End as of 07/31/2015

<performance fundPerfNavName="Fund at NAV"><funds><field>1 Month</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>0.02</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>0.02</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>0.04</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>0.07</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>1.51</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>2.91</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 06/30/2015

<performance fundPerfNavName="Fund at NAV"><funds><field>1 Month</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>0.01</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>0.01</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>0.02</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>0.04</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>0.07</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>1.54</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>2.93</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of  07/31/2015
Name Weight
Federal Reserve Bank Tri Party Repo 12.66 %
Calyon Tri Party Repo 2.21 %
Bank of Nova Scotia 2.12 %
Bank of Montreal 1.63 %
Nederlandse Waterschapsbank NV 1.63 %
Skandinaviska Enskilda Banken AB 1.55 %
ING Bank NV 1.31 %
BNP Paribas 1.23 %
Canadian Imperial Bank of Commerce 1.23 %
Svenska Handelsbanken AB 1.23 %

Fund Sector Allocation

As of 07/31/2015
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>07/31/2015</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>40.85</rawValue><value>40.85%</value><label>Certificate of Deposit</label><order>1</order></attribute><attribute><rawValue>29.57</rawValue><value>29.57%</value><label>Financial Company Commercial Paper</label><order>2</order></attribute><attribute><rawValue>16.33</rawValue><value>16.33%</value><label>Treasury Repurchase Agreement</label><order>3</order></attribute><attribute><rawValue>9.31</rawValue><value>9.31%</value><label>Other Note</label><order>4</order></attribute><attribute><rawValue>1.75</rawValue><value>1.75%</value><label>Government Agency Debt</label><order>5</order></attribute><attribute><rawValue>1.23</rawValue><value>1.23%</value><label>Other Repurchase Agreement</label><order>6</order></attribute><attribute><rawValue>0.96</rawValue><value>0.96%</value><label>Asset Backed Commercial Paper</label><order>7</order></attribute></attributes></component>

Fund Composition - Maturity Ladder

As of 07/31/2015
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>07/31/2015</asOfDate><code>COMPOSITION_ALLOC</code><attributes><attribute><rawValue>33.91</rawValue><value>33.91%</value><label>2 - 30 Days</label><order>1</order></attribute><attribute><rawValue>15.65</rawValue><value>15.65%</value><label>31 - 60 Days</label><order>2</order></attribute><attribute><rawValue>20.98</rawValue><value>20.98%</value><label>61 - 90 Days</label><order>3</order></attribute><attribute><rawValue>29.46</rawValue><value>29.46%</value><label>Over 90 Days</label><order>4</order></attribute></attributes></component>

Fund Holdings

As of 08/26/2015
Weekly Holdings PDF XLS
Monthly Holdings PDF XLS
Historical Holdings
(Trailing 12 Months)
Form N-MFP

Prior to June 20, 2014, the SSGA Prime Money Market Fund - Class N was known as SSGA Prime Money Market Fund.

Money Market Fund Team

Senior Portfolio Manager Jeff St. Peters Managing Director Show Bio

Jeff is a Managing Director of State Street Global Advisors and the head of U.S. Cash Management within the Global Cash Management division. Jeff manages a team of portfolio managers that focus on traditional money market and securities lending cash collateral funds. He is also a Senior Portfolio Manager responsible for several securities lending, enhanced cash, offshore, and SSGA's registered money market portfolios for both retail and institutional clients. He has been managing short duration cash and securities lending portfolios at SSGA for over 12 years. Jeff is a member of SSGA's Senior Leadership Team.

Prior to joining SSGA, Jeff was employed nearly 9 years with Fidelity Investments, the latter years within the Fidelity Management and Research Company, where he worked as a trader within the Money Market area of the Fixed Income division. In addition, he held several positions within Fidelity's Investment Technology area, where he assisted in designing and implementing an internal proprietary trading system. Jeff has over 22 years of investment experience.

Jeff graduated from Bentley College with a BS in Finance.

Important Risk Information

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