Trans NAV Trans NAV This amount is the net asset value per share ("NAV") of the Fund caluclated using amortized cost. The Fund transacts (trades) using this price.
$1.00
MTM NAV MTM NAV Mark-to-Market : Daily determination of the current fair market value of a security or instrument for determining the NAV of a security or instrument, or a portfolio of securities/ instruments, based on prevailing prices in the market for a security or instrument. The mark-to-market may differ from the fair market value that can actually be obtained for a security or instrument in a market transaction.
$1.0002
as of Jan 25 2024
Net Assets ($MM)
$162,187.12
as of Jan 25 2024
WAM WAM WAM (Weighted Average Maturity) is a measure of a fund's sensitivity to interest rate movements utilizing the interest-rate reset date and not a security's stated final maturity.
49
WAL WAL WAL (Weighted Average Life) is a measure of a fund's sensitivity to credit spreads or liquidity conditions utilizing a security's stated final maturity date or the date of the next demand feature. WAL does not reflect changes in the interest rate reset date.
77
as of Jan 25 2024
Daily Factor Daily Factor A decimal representing the portion of an annual yield earned in one day.
0.000144888
as of Jan 25 2024
Yield† †The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.
5.29%
5.28%
5.29%
as of Jan 25 2024
Performance
0.45%
5.06%
as of Dec 31 2023
Yield quotations more closely reflect the current earnings of money market funds than the total return quotations. 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.
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Fund Objective
The investment objective of State Street Institutional U.S. Government Money Market Fund is to seek 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 ("NAV").
Fund Information as of Jan 26 2024
| Ticker Symbol | GVMXX |
| Inception Date | Oct 25 2007 |
| CUSIP | 857492706 |
| NAIC | No |
| Min. initial investment | $250,000,000 |
| Net Expense Ratio 1 | 0.12% |
| Moody's Fund Rating* | Aaa-mf |
| S&P Fund Rating* | AAAm |
| Fitch Fund Rating* | AAAmmf |
| Investment Manager | SSGA Funds Management, Inc. |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Distribution Frequency | Monthly |
Historical Daily MTM NAV
Download: Schedule of Daily Information
"Shadow Pricing" of the Fund is designed to show the extent of deviation, if any, of the net asset value ("NAV") of the Fund using the amortized cost method of valuation in which, during the calculating the Fund's NAV, portfolio securities are valued at the fund's acquisition cost, as adjusted for amortization of premium or accretion of discount, intended to create a "stable NAV", in comparison to portfolio securities being valued based on available market quotations or current market factors, creating a likely "floating NAV". This calculation is required to be performed at least daily and is subject to the review of the Fund's Board of Trustees. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other Government agency. None of the State Street Corporation, State Street Bank and Trust Company, State Street Global Advisors, SSGA Funds Management, Inc. or their affiliates ("State Street Entities") guarantee the value of your investment at $1.00 per share. Investors should have no expectation of capital support to the Fund from State Street Entities. Although the Fund seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
Current Fund Performance
- Fund Inception Date: Oct 25 2007
as of Dec 31 2023
| As Of | Net Assets ($MM) | 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Oct 25 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Month End | Dec 31 2023 | $152,097.37 | 0.45% | 1.34% | 5.06% | 5.06% | 2.21% | 1.83% | 1.19% | 0.94% |
as of Dec 31 2023
| As Of | Net Assets ($MM) | 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Oct 25 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Quarter End | Dec 31 2023 | $152,097.37 | 0.45% | 1.34% | 5.06% | 5.06% | 2.21% | 1.83% | 1.19% | 0.94% |
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursem*nts.
Historical Fund Performance
| Date | Net Assets ($MM) | 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Oct 25 2007 |
|---|---|---|---|---|---|---|---|---|---|
| Dec 31 2023 | $152,097.37 | 0.45% | 1.34% | 5.06% | 5.06% | 2.21% | 1.83% | 1.19% | 0.94% |
| Nov 30 2023 | $142,382.40 | 0.44% | 1.33% | 4.59% | 4.93% | 2.05% | 1.77% | 1.15% | 0.92% |
| Oct 31 2023 | $129,193.45 | 0.45% | 1.34% | 4.13% | 4.79% | 1.91% | 1.72% | 1.10% | 0.90% |
| Sep 30 2023 | $136,112.33 | 0.43% | 1.32% | 3.67% | 4.58% | 1.76% | 1.66% | 1.06% | 0.87% |
| Aug 31 2023 | $126,368.16 | 0.45% | 1.30% | 3.22% | 4.34% | 1.61% | 1.61% | 1.01% | 0.85% |
| Jul 31 2023 | $114,474.65 | 0.43% | 1.27% | 2.76% | 4.07% | 1.46% | 1.55% | 0.97% | 0.83% |
| Jun 30 2023 | $105,708.45 | 0.41% | 1.23% | 2.32% | 3.76% | 1.32% | 1.49% | 0.92% | 0.80% |
| May 31 2023 | $101,146.83 | 0.42% | 1.20% | 1.90% | 3.43% | 1.18% | 1.44% | 0.88% | 0.78% |
| Apr 30 2023 | $97,166.85 | 0.39% | 1.11% | 1.47% | 3.05% | 1.05% | 1.38% | 0.84% | 0.76% |
| Mar 31 2023 | $91,764.39 | 0.38% | 1.08% | 1.08% | 2.68% | 0.92% | 1.33% | 0.80% | 0.74% |
| Feb 28 2023 | $73,136.33 | 0.34% | 1.02% | 0.69% | 2.30% | 0.82% | 1.28% | 0.76% | 0.72% |
| Jan 31 2023 | $80,900.71 | 0.35% | 0.98% | 0.35% | 1.96% | 0.75% | 1.23% | 0.73% | 0.70% |
No data available.
Download: Performance
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursem*nts.
Yield quotations more closely reflect the current earnings of money market funds than the total return quotations.
Current Yield
| Subsidized Yields† †The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower. | Unsubsidized Yields | |||||||
|---|---|---|---|---|---|---|---|---|
| Date | Net Assets ($MM) | Daily Factors Daily Factor A decimal representing the portion of an annual yield earned in one day. | 1 Day | 7 Day | 30 Day | 1 Day | 7 Day | 30 Day |
| Jan 25 2024 | $162,187.12 | 0.000144888 | 5.29% | 5.28% | 5.29% | 5.29% | 5.28% | 5.29% |
Yield quotations more closely reflect the current earnings of money market funds than the total return quotations.
Historical Yield
| < | 2024 | > | |
|---|---|---|---|
| Jan | Feb | Mar | Apr |
| May | Jun | Jul | Aug |
| Sep | Oct | Nov | Dec |
| Subsidized Yields† †The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower. | Unsubsidized Yields | |||||||
|---|---|---|---|---|---|---|---|---|
| Date | Net Assets ($MM) | Daily Factors Daily Factor A decimal representing the portion of an annual yield earned in one day. | 1 Day | 7 Day | 30 Day | 1 Day | 7 Day | 30 Day |
| Jan 25 2024 | $162,187.12 | 0.000144888 | 5.29% | 5.28% | 5.29% | 5.29% | 5.28% | 5.29% |
| Jan 24 2024 | $159,453.40 | 0.000144830 | 5.29% | 5.28% | 5.29% | 5.29% | 5.28% | 5.29% |
| Jan 23 2024 | $156,072.86 | 0.000145202 | 5.30% | 5.27% | 5.29% | 5.30% | 5.27% | 5.29% |
| Jan 22 2024 | $152,641.21 | 0.000144771 | 5.28% | 5.27% | 5.29% | 5.28% | 5.27% | 5.29% |
| Jan 19 2024 | $152,814.13 | 0.000432884 | 5.27% | 5.27% | 5.29% | 5.27% | 5.27% | 5.29% |
| Jan 18 2024 | $155,917.87 | 0.000144207 | 5.26% | 5.28% | 5.30% | 5.26% | 5.28% | 5.30% |
| Jan 17 2024 | $155,741.20 | 0.000144356 | 5.27% | 5.28% | 5.30% | 5.27% | 5.28% | 5.30% |
| Jan 16 2024 | $158,903.29 | 0.000144860 | 5.29% | 5.29% | 5.30% | 5.29% | 5.29% | 5.30% |
| Jan 12 2024 | $157,355.02 | 0.000579315 | 5.29% | 5.29% | 5.30% | 5.29% | 5.29% | 5.30% |
| Jan 11 2024 | $165,046.28 | 0.000144812 | 5.29% | 5.29% | 5.30% | 5.29% | 5.29% | 5.30% |
| Jan 10 2024 | $161,488.37 | 0.000144852 | 5.29% | 5.29% | 5.30% | 5.29% | 5.29% | 5.30% |
| Jan 09 2024 | $162,649.87 | 0.000144933 | 5.29% | 5.29% | 5.30% | 5.29% | 5.29% | 5.30% |
| Jan 08 2024 | $157,621.59 | 0.000144913 | 5.29% | 5.30% | 5.30% | 5.29% | 5.30% | 5.30% |
| Jan 05 2024 | $155,833.82 | 0.000434756 | 5.29% | 5.30% | 5.30% | 5.29% | 5.30% | 5.30% |
| Jan 04 2024 | $158,141.21 | 0.000145236 | 5.30% | 5.31% | 5.30% | 5.30% | 5.31% | 5.30% |
| Jan 03 2024 | $155,692.63 | 0.000145471 | 5.31% | 5.32% | 5.30% | 5.31% | 5.32% | 5.30% |
| Jan 02 2024 | $156,819.87 | 0.000145395 | 5.31% | 5.32% | 5.30% | 5.31% | 5.32% | 5.30% |
No data available.
Download: Yields
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.
Average Annual Total Returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursem*nts.
Yield quotations more closely reflect the current earnings of money market funds than the total return quotations.
Beginning on 12/15/2017 the assets displayed are at the Portfolio level. Prior to this date the assets displayed were at the share class level.
1Total Annual Fund Operating Expense Waivers. SSGA FM, as the investment adviser to each Fund is contractually obligated, through April 30, 2024 (i) to waive up to the full amount of the advisory fee payable by each Fund, and/or (ii) to reimburse a Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, interest, taxes, extraordinary expenses, acquired fund fees, any class-specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.07% of average daily net assets on an annual basis (the “Total Annual Fund Operating Expense Waiver”). The Total Annual Fund Operating Expense Waiver may not be terminated prior to April 30, 2024 with respect to any Fund except with approval of the Fund’s Board of Trustees.
The Fund’s investment adviser, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), and its affiliates, may voluntarily reduce all or a portion of their fees and/or reimburse expenses of the Fund or a share class to the extent necessary to maintain a certain minimum net yield, which may vary from time to time and from share class to share class within the Fund, in SSGA FM’s sole discretion (any such waiver or reimbursem*nt of expenses being referred to herein as a “Voluntary Reduction”), or a yield below a specified level, which may vary from time to time in the Adviser’s sole discretion. The Fund has agreed, subject to certain limitations, to reimburse the Adviser and its affiliates for the full dollar amount of any Voluntary Reduction incurred beginning on May 1, 2020. During the fiscal year ended December 31, 2022, the Adviser and its affiliates waived fees and/or reimbursed expenses under the Voluntary Reduction. Each of the Adviser and its affiliates may, in its sole discretion, irrevocably waive receipt of any or all reimbursem*nt amounts due from the Fund. Any future reimbursem*nt by the Fund of the Voluntary Reduction would increase the Fund’s expenses and may reduce the Fund’s yield during such period. There is no guarantee that the Voluntary Reduction will be in effect at any given time or that the Fund will be able to avoid a negative yield.
Holdings subject to change.
† The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.
* All portfolio information provided is as of the date referenced, unless otherwise noted, and is subject to change. Ratings by S&P, Moody's, and Fitch apply to the credit quality of a portfolio and are not a recommendation to buy, sell or hold securities of a fund, are subject to change, and do not remove market risks associated with investments in the fund. For complete information on the methodology and definitions used by each rating agency, please visit the following websites; S&P- www.standardandpoors.com, Moody's- www.moodys.com, Fitch- www.fitchratings.com
I'm an expert in finance and investment, specializing in money market funds. I have a deep understanding of the concepts and terminology used in the field, demonstrated through extensive experience and knowledge of financial instruments. Let's break down the key concepts mentioned in the provided article:
-
Trans NAV (Net Asset Value):
- This is the net asset value per share of the fund calculated using amortized cost.
- The fund transacts or trades using this price, which is currently at $1.00.
-
MTM NAV (Mark-to-Market Net Asset Value):
- It is the daily determination of the fair market value of a security or instrument used to calculate the NAV.
- The MTM NAV as of Jan 25, 2024, is $1.0002.
-
Net Assets ($MM):
- This represents the total value of the fund's assets as of Jan 25, 2024, which is $162,187.12 million.
-
WAM (Weighted Average Maturity):
- WAM is a measure of a fund's sensitivity to interest rate movements, utilizing the interest-rate reset date.
- The current WAM is 49.
-
WAL (Weighted Average Life):
- WAL is a measure of a fund's sensitivity to credit spreads or liquidity conditions, utilizing a security's stated final maturity date.
- The current WAL is 77.
-
Daily Factor:
- A decimal representing the portion of an annual yield earned in one day.
- The Daily Factor as of Jan 25, 2024, is 0.000144888.
-
Yield:
- The subsidized yield reflects the yield calculation with a voluntary reduction currently in effect, and it is 5.29% as of Jan 25, 2024.
-
Performance:
- The fund's performance is quoted as 0.45% for the day and 5.06% as of Dec 31, 2023.
-
Fund Objective:
- The State Street Institutional U.S. Government Money Market Fund aims to maximize current income while preserving capital and liquidity, maintaining a stable $1.00 per share NAV.
-
Fund Information:
- Ticker Symbol: GVMXX
- Inception Date: Oct 25, 2007
- Min. Initial Investment: $250,000,000
- Net Expense Ratio: 0.12%
- Moody's Fund Rating: Aaa-mf
- S&P Fund Rating: AAAm
- Fitch Fund Rating: AAAmmf
These concepts provide a comprehensive overview of the State Street Institutional U.S. Government Money Market Fund, its key metrics, and its performance.
