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Trending ETFs

GE Asset Management - Elfun Government Money Market Fund USD

mutual fund
ELMXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
ELMXX (Mutual Fund)

GE Asset Management - Elfun Government Money Market Fund USD

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
ELMXX (Mutual Fund)

GE Asset Management - Elfun Government Money Market Fund USD

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$148 M

5.52%

$0.06

0.26%

Vitals

YTD Return

2.6%

1 yr return

5.3%

3 Yr Avg Return

2.8%

5 Yr Avg Return

1.7%

Net Assets

$148 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$148 M

5.52%

$0.06

0.26%

ELMXX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    GE Asset Management - Elfun Government Money Market Fund USD
  • Fund Family Name
    State Street Global Advisors
  • Inception Date
    Mar 23, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The Elfun Government Money Market Fund is a government money market fund and invests only in obligations issued or guaranteed as to principal and/or interest, as applicable, by the U.S. government or its agencies and instrumentalities, as well as repurchase agreements secured by such instruments. The Fund may hold a portion of its assets in cash pending investment, to satisfy redemption requests or to meet the Fund's other cash management needs.
The Fund follows a disciplined investment process that attempts to provide stability of principal, liquidity and current income, by investing in U.S. government securities. Among other things, SSGA FM, the investment adviser to the Fund, conducts its own credit analyses of potential investments and portfolio holdings, and relies substantially on a dedicated short-term credit research team. The Fund invests in accordance with regulatory requirements applicable to money market funds. Regulations require, among other things, a money market fund to invest only in short-term, high quality debt obligations (generally, securities that have remaining maturities of 397 calendar days or less, with the exception of cer- 
tain floating rate securities that may have final maturities longer than 397 days but use maturity shortening provisions to meet the 397 day requirement, and that the Fund believes present minimal credit risk), to maintain a maximum dollar-weighted average maturity and dollar-weighted average life of 60 days or less and 120 days or less, respectively, and to meet requirements as to portfolio diversification and liquidity. All securities held by the Fund are U.S. dollar-denominated, and they may have fixed, variable or floating interest rates. 
The Fund attempts to meet its investment objective by investing in: 
Obligations issued or guaranteed as to principal and/or interest, as applicable, by the U.S. government or its agencies and instrumentalities, such as U.S. Treasury securities and securities issued by the Government National Mortgage Association (“Ginnie Mae”), which are backed by the full faith and credit of the United States; obligations issued or guaranteed by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”); and
U.S. government-sponsored entities such as the Federal Home Loan Bank, and the Federal Farm Credit Banks Funding Corporation, which are not backed by the full faith and credit of the United States; and
Repurchase agreements collateralized by U.S. government securities. 
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ELMXX - Performance

Return Ranking - Trailing

Period ELMXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% 0.5% 2.8% 23.31%
1 Yr 5.3% 0.5% 5.8% 30.08%
3 Yr 2.8%* 0.7% 3.1% 28.49%
5 Yr 1.7%* 0.7% 72.9% 79.81%
10 Yr N/A* 0.4% 32.2% 30.08%

* Annualized

Return Ranking - Calendar

Period ELMXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 50.13%
2022 0.0% 0.0% 1.2% 51.28%
2021 0.0% 0.0% 0.0% 50.95%
2020 N/A 0.0% 0.4% 64.53%
2019 N/A 0.0% 2.0% 57.37%

Total Return Ranking - Trailing

Period ELMXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% 0.5% 2.8% 23.31%
1 Yr 5.3% 0.5% 5.8% 30.08%
3 Yr 2.8%* 0.7% 3.1% 28.49%
5 Yr 1.7%* 0.7% 72.9% 79.81%
10 Yr N/A* 0.4% 32.2% 29.56%

* Annualized

Total Return Ranking - Calendar

Period ELMXX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% 0.8% 5.9% 32.08%
2022 1.1% 0.0% 1.8% 65.13%
2021 0.0% 0.0% 1.9% 93.50%
2020 N/A 0.0% 3.0% 64.03%
2019 N/A 0.0% 3797.9% 31.66%

NAV & Total Return History


ELMXX - Holdings

Concentration Analysis

ELMXX Category Low Category High ELMXX % Rank
Net Assets 148 M 818 K 211 B 70.98%
Number of Holdings N/A 1 346 48.42%
Net Assets in Top 10 N/A 147 K 163 B 98.25%
Weighting of Top 10 N/A 22.7% 100.0% 23.84%

Top 10 Holdings

  1. Merrill Lynch Tri Party A Repo 20.68%
  2. Merrill Lynch Tri Party A Repo 20.68%
  3. Merrill Lynch Tri Party A Repo 20.68%
  4. Merrill Lynch Tri Party A Repo 20.68%
  5. Merrill Lynch Tri Party A Repo 20.68%
  6. Merrill Lynch Tri Party A Repo 20.68%
  7. Merrill Lynch Tri Party A Repo 20.68%
  8. Merrill Lynch Tri Party A Repo 20.68%
  9. Merrill Lynch Tri Party A Repo 20.68%
  10. Merrill Lynch Tri Party A Repo 20.68%

Asset Allocation

Weighting Return Low Return High ELMXX % Rank
Cash
81.20% 25.56% 100.00% 24.39%
Bonds
18.80% 0.00% 74.44% 72.93%
Stocks
0.00% 0.00% 0.00% 51.71%
Preferred Stocks
0.00% 0.00% 0.00% 51.71%
Other
0.00% -1.67% 0.04% 51.71%
Convertible Bonds
0.00% 0.00% 21.22% 56.10%

Bond Sector Breakdown

Weighting Return Low Return High ELMXX % Rank
Cash & Equivalents
81.20% 0.00% 100.00% 22.20%
Government
18.80% 0.00% 44.01% 71.95%
Derivative
0.00% 0.00% 0.00% 51.71%
Securitized
0.00% 0.00% 1.75% 52.44%
Corporate
0.00% 0.00% 100.00% 62.20%
Municipal
0.00% 0.00% 22.71% 54.63%

Bond Geographic Breakdown

Weighting Return Low Return High ELMXX % Rank
US
18.80% 0.00% 72.86% 72.93%
Non US
0.00% 0.00% 3.41% 52.93%

ELMXX - Expenses

Operational Fees

ELMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.07% 4.53% 68.05%
Management Fee 0.10% 0.03% 0.50% 19.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

ELMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ELMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ELMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

ELMXX - Distributions

Dividend Yield Analysis

ELMXX Category Low Category High ELMXX % Rank
Dividend Yield 5.52% 0.00% 5.42% 34.39%

Dividend Distribution Analysis

ELMXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ELMXX Category Low Category High ELMXX % Rank
Net Income Ratio N/A -1.09% 1.67% 91.10%

Capital Gain Distribution Analysis

ELMXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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ELMXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Jun 13, 1990

31.99

32.0%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.08 19.01