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Trending ETFs

State Street Income Fund

mutual fund
SSASX
Payout Change
Pending
Price as of:
$9.8 +0.01 +0.1%
primary theme
U.S. Intermediate-Term Bond Duration
share class
SSASX (Mutual Fund)

State Street Income Fund

Payout Change
Pending
Price as of:
$9.8 +0.01 +0.1%
primary theme
U.S. Intermediate-Term Bond Duration
share class
SSASX (Mutual Fund)

State Street Income Fund

Payout Change
Pending
Price as of:
$9.8 +0.01 +0.1%
primary theme
U.S. Intermediate-Term Bond Duration
share class

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

$9.80

$1.3 B

4.14%

$0.41

0.20%

Vitals

YTD Return

0.0%

1 yr return

3.2%

3 Yr Avg Return

-3.0%

5 Yr Avg Return

-0.1%

Net Assets

$1.3 B

Holdings in Top 10

47.3%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

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

$9.80

$1.3 B

4.14%

$0.41

0.20%

SSASX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.85%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    State Street Income Fund
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Jan 03, 1980
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Nest

Fund Description

Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets in debt securities.
The Fund invests significantly in a variety of investment-grade debt securities, such as agency mortgage-backed securities, asset-backed securities, corporate bonds, municipal obligations, government securities and money market instruments. Investment-grade securities include securities rated Baa3 or higher by Moody's or BBB- or higher by S&P (and
securities of comparable quality as determined by SSGA Funds Management, Inc. (the Adviseror SSGA FM)). The Fund normally has a weighted average effective maturity of approximately five to ten years, but is subject to no limitation with respect to the maturities of the instruments in which it may invest.
The portfolio managers seek to identify debt securities that they believe have desirable characteristics for the Fund such as:
attractive yields and prices;
the potential for capital appreciation; and/or
reasonable credit quality.
The portfolio managers may consider selling a security when one of these characteristics no longer applies, when the portfolio managers believe that the valuation has become excessive, or when more attractive alternatives are identified.
The Fund also may invest up to 20% of its net assets in high yield securities (also known as below investment grade bonds or junk bonds). The Fund may also invest up to 20% of its net assets in exchange-traded products (ETPs), including exchange-traded funds, that provide exposure to such investments, including ETPs that pay fees to the Adviser and its affiliates for management, marketing or other services; mutual funds; and other commingled investments. High yield securities are those rated BB+ or lower by S&P or Ba1 or lower by Moody's (and securities of comparable quality as determined by the Adviser). The Fund also may invest up to 35% of its net assets in foreign (including emerging markets) debt securities, and up to 20% of its net assets in equity securities.
The portfolio managers may also use various types of derivative instruments (such as futures contracts, interest rate and credit default swaps, options and forward contracts) to manage yield, duration (a measure of a bond price's sensitivity to a given change in interest rates) and exposure to credit quality, and to gain or hedge exposure to certain securities, indices or market segments.
The Fund may engage in active and frequent trading of its portfolio securities.
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SSASX - Performance

Return Ranking - Trailing

Period SSASX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -4.5% 5.2% 84.82%
1 Yr 3.2% -7.2% 12.7% 71.77%
3 Yr -3.0%* -10.8% 26.7% 61.08%
5 Yr -0.1%* -7.1% 191.4% 74.86%
10 Yr 0.0%* -2.5% 73.8% 98.49%

* Annualized

Return Ranking - Calendar

Period SSASX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -16.2% 8.1% 63.33%
2022 -15.8% -34.7% 131.9% 43.29%
2021 -6.0% -11.6% 4.4% 97.20%
2020 4.9% -10.1% 946.1% 33.89%
2019 6.4% -1.7% 16.9% 23.00%

Total Return Ranking - Trailing

Period SSASX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -4.5% 5.2% 84.82%
1 Yr 3.2% -7.2% 12.7% 71.77%
3 Yr -3.0%* -10.8% 26.7% 61.08%
5 Yr -0.1%* -7.1% 191.4% 74.86%
10 Yr 0.0%* -2.5% 73.8% 98.49%

* Annualized

Total Return Ranking - Calendar

Period SSASX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.0% 43.74%
2022 -13.2% -32.2% 131.9% 37.81%
2021 -1.4% -9.4% 9.2% 66.56%
2020 8.2% -1.9% 1009.0% 51.84%
2019 6.4% 1.1% 21668.0% 91.64%

NAV & Total Return History


SSASX - Holdings

Concentration Analysis

SSASX Category Low Category High SSASX % Rank
Net Assets 1.3 B 2.9 M 314 B 51.56%
Number of Holdings 1379 1 17816 31.82%
Net Assets in Top 10 617 M 1.57 M 34.8 B 38.67%
Weighting of Top 10 47.30% 4.4% 132.5% 11.22%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 17.28%
  2. U.S. Treasury Notes 5.47%
  3. Uniform Mortgage-Backed Security, TBA 4.36%
  4. U.S. Treasury Notes 3.95%
  5. Uniform Mortgage-Backed Security, TBA 3.63%
  6. U.S. Treasury Notes 2.81%
  7. U.S. Treasury Notes 2.77%
  8. U.S. Treasury Notes 2.47%
  9. U.S. Treasury Notes 2.43%
  10. Uniform Mortgage-Backed Security, TBA 2.13%

Asset Allocation

Weighting Return Low Return High SSASX % Rank
Bonds
98.10% 0.00% 211.59% 34.97%
Cash
17.31% -54.51% 87.74% 4.93%
Convertible Bonds
1.74% 0.00% 7.93% 40.57%
Other
0.12% -16.94% 53.20% 77.64%
Stocks
0.00% 0.00% 99.99% 61.11%
Preferred Stocks
0.00% 0.00% 74.98% 59.32%

Bond Sector Breakdown

Weighting Return Low Return High SSASX % Rank
Government
41.00% 0.00% 86.23% 17.14%
Corporate
25.34% 0.00% 100.00% 66.23%
Securitized
23.98% 0.00% 98.40% 71.81%
Cash & Equivalents
17.31% 0.00% 83.04% 5.04%
Municipal
0.35% 0.00% 100.00% 53.55%
Derivative
0.10% -9.72% 50.66% 34.54%

Bond Geographic Breakdown

Weighting Return Low Return High SSASX % Rank
US
98.10% 0.00% 211.59% 32.93%
Non US
0.00% 0.00% 33.48% 64.55%

SSASX - Expenses

Operational Fees

SSASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.01% 39.10% 94.53%
Management Fee 0.13% 0.00% 1.76% 6.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

SSASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SSASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

SSASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 90.87%

SSASX - Distributions

Dividend Yield Analysis

SSASX Category Low Category High SSASX % Rank
Dividend Yield 4.14% 0.00% 10.11% 39.50%

Dividend Distribution Analysis

SSASX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

SSASX Category Low Category High SSASX % Rank
Net Income Ratio 1.85% -1.28% 4.79% 39.24%

Capital Gain Distribution Analysis

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

Distributions History

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SSASX - Fund Manager Analysis

Managers

Matthew Nest


Start Date

Tenure

Tenure Rank

Jan 10, 2018

4.39

4.4%

Matthew Nest, CFA, is a Managing Director of SSGA and the Adviser and Global Head of Macro Strategies. In that capacity, he is responsible for global interest rate and currency portfolio management. Prior to joining SSGA in 2016, Mr. Nest spent sixteen years at PIMCO in a number of functions including portfolio management, strategy and business development. He has worked in the U.S., Sydney, Singapore and Hong Kong. He started his career at Bank of America and has been working in the investment industry since 1999. Mr. Nest has a Bachelor of Science in Economics from Arizona State University and a Master of Business Administration from the University of Chicago’s Booth School of Business. He earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute.

James Palmieri


Start Date

Tenure

Tenure Rank

Jun 12, 2019

2.97

3.0%

James Palmieri, CFA, is a Managing Director of SSGA and the Adviser, a Senior Portfolio Manager, and Head of Structured Credit for the Fundamental Active Fixed Income Team. In his role, he is the lead portfolio manager and trader for the Structured Products Group servicing all total rate of return and insurance accounts managed in Stamford, CT. In addition to his portfolio management responsibilities, Mr. Palmieri is a member of the Fixed Income Currency and Cash Senior Leadership Team, and the Fundamental Active Core and Core Plus Fixed Income Team. He joined SSGA in 2016 through its acquisition of GE Asset Management. Prior to joining SSGA, Mr. Palmieri worked at GE Asset Management for eleven years as a senior portfolio manager and trader for all fixed income total rate of return and insurance accounts for GE. Prior to joining GE Asset Management, he worked at Constitution State Corporate Credit Union for one year as an investment director and CIGNA Investment Management for five years as a fixed income portfolio manager. He received his Bachelor of Science from Central Connecticut State University, is a Chartered Financial Analyst (CFA) charter holder and has twenty years of investment experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16