Home   »   Mutual Funds : SSgA US Treasury Money Market Fund - Class N (SVTXX)

SSgA US Treasury 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 obligations that are issued or guaranteed as to principal and interest by the US Government and repurchase agreements backed by such securities.

Fund Information

As of 02/14/2016
Ticker SymbolSVTXX
Gross Expense Ratio

Total Annual Fund Operating Expenses may be higher than the fund's ratio of expenses to average net assets shown in the Financial Highlights, which reflect the operating expenses of the fund including voluntary waivers.

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, 2016 to waive 0.05% of its 0.15% management fee. Additionally, the advisor is further contractually obligated until December 31, 2016 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 0.16% of average daily net assets on an annual basis.

Inception Date12/01/1993
Investment ManagerSSGA Funds Management, Inc.
Management TeamGlobal Fixed Income, Cash and Currency
DistributorState Street Global Markets, LLC
Distribution FrequencyMonthly

Fund Characteristics

As of 01/31/2016
Average Maturity in Days18.00
Number of Holdings44
Weighted Average Life in Days46.00



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

As of 02/11/2016
1 Day Average Yield0.04%
1 Day Average Yield (subsidized)*0.10%
30 Day Average Yield0.02%
30 Day Average Yield (subsidized)*0.08%
7 Day Average Yield0.04%
7 Day Average Yield (subsidized)*

The Adviser may reimburse expenses or waive fees in order to avoid a negative yield.  Any such waiver or reimbursement would be voluntary and may be revised or cancelled at any time without notice.  There is no guarantee that the SSGA Treasury Fund will be able to avoid a negative yield.

Daily Factor0.000002787
Total Net Assets$10,749.15 M

Fund Documents

Fund Performance

NAV Month End
As of 01/31/2016
NAV Quarter End
As of 12/31/2015
1 Month 0.01% 0.00%
QTD 0.01% 0.00%
YTD 0.01% 0.00%
1 Year 0.01% 0.00%
3 Year 0.00% 0.00%
5 Year 0.00% 0.00%
10 Year 1.07% 1.10%
2.62% 2.63%

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 US Treasury 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 NAV01/31/20160.01%0.01%0.01%0.01%0.00%0.00%1.07%2.62%
Quarter End
Fund at NAV12/31/20150.00%0.00%0.00%0.00%0.00%0.00%1.10%2.63%

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: 0.22%

Net Expense Ratio: 0.17%

Performance Graphs

Month End as of 01/31/2016

<performance fundPerfNavName="Fund at NAV"><funds><field>1 Month</field><fund>0.01</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>0.01</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>1.07</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>2.62</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 12/31/2015

<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>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>0.00</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>1.10</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>2.63</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of  01/31/2016
Name Weight
Federal Reserve Bank Tri Party Repo 24.16 %
BNP Tri Party Repo 4.07 %
Societe Generale Tri Party Repo 3.86 %
U.S. Treasury Bill, 0.2950%, 2/25/2016 3.86 %
U.S. Treasury Bill, 0.1150%, 2/4/2016 3.72 %
U.S. Treasury Bill, 0.2500%, 2/18/2016 3.38 %
U.S. Treasury Bill, 0.2550%, 4/21/2016 3.38 %
U.S. Treasury Bill, 0.2100%, 2/11/2016 3.33 %
U.S. Treasury Note 3.32 %
U.S. Treasury Bill, 0.2200%, 4/14/2016 3.13 %

Fund Sector Allocation

As of 01/31/2016
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>01/31/2016</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>60.75</rawValue><value>60.75%</value><label>Treasury Debt</label><order>1</order></attribute><attribute><rawValue>39.25</rawValue><value>39.25%</value><label>Treasury Repurchase Agreement</label><order>2</order></attribute></attributes></component>

Fund Composition - Maturity Ladder

As of 01/31/2016
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>01/31/2016</asOfDate><code>COMPOSITION_ALLOC</code><attributes><attribute><rawValue>35.81</rawValue><value>35.81%</value><label>Overnight (1 Day)</label><order>1</order></attribute><attribute><rawValue>37.28</rawValue><value>37.28%</value><label>2 - 30 Days</label><order>2</order></attribute><attribute><rawValue>8.31</rawValue><value>8.31%</value><label>31 - 60 Days</label><order>3</order></attribute><attribute><rawValue>12.11</rawValue><value>12.11%</value><label>61 - 90 Days</label><order>4</order></attribute><attribute><rawValue>6.49</rawValue><value>6.49%</value><label>Over 90 Days</label><order>5</order></attribute></attributes></component>

Fund Holdings

As of 02/03/2016
Weekly Holdings PDF XLS
Monthly Holdings PDF XLS
Historical Holdings
(Trailing 12 Months)
Form N-MFP

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