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Trending ETFs

Name

As of 04/22/2024

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

$14.9 B

0.00%

0.15%

Vitals

YTD Return

1.7%

1 yr return

5.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$14.9 B

Holdings in Top 10

20.4%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000,000

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 04/22/2024

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

$14.9 B

0.00%

0.15%

OPIXX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    State Street Institutional Liquid Reserves Fund
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Oct 28, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The ILR Fund follows a disciplined investment process in which SSGA Funds Management, Inc. (SSGA FMor the Adviser), the investment adviser to the Fund, bases its decisions on the relative attractiveness of different money market instruments. In the Adviser's opinion, the attractiveness of an instrument may vary depending on the general level of interest rates, as well as imbalances of supply and demand in the market. Among other things, SSGA FM 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, which require, among other things, the Fund to invest only in short-term, high quality debt obligations (generally, securities that have remaining maturities of 397 calendar days or less and that the Fund believes present minimal credit risk), to maintain a maximum dollar-weighted average maturity and dollar-weighted average life of sixty (60) days or less and 120 days or less, respectively, and to meet requirements as to portfolio diversification and liquidity. 
Although the Fund is a money market fund, the net asset value (NAV) of the Fund's Shares floats,fluctuating with changes in the values of the Fund's portfolio securities. The Fund typically accepts purchase and redemption orders multiple times per day, and calculates its NAV at each such time. 
The Fund attempts to meet its investment objective by investing in a broad range of money market instruments. These may include, among other things: U.S. government securities, including U.S. Treasury bills, notes and bonds and other securities issued or guaranteed as to principal and/or interest, as applicable, by the U.S. government or its agencies or instrumentalities; certificates of deposits and time deposits of U.S. and foreign banks (including ECDs, ETDs and YCDs (as defined below), commercial paper and other high quality obligations of U.S. or foreign companies; asset-backed securities, including asset-backed commercial paper; mortgage-related securities, including non-governmental mortgage-related securities; and repurchase agreements. These instruments may bear fixed, variable or floating rates of interest or may be zero-coupon securities. The Fund also may invest in shares of other money market funds, including funds advised by the Adviser. Under normal market conditions, the Fund intends to invest more than 25% of its total assets in bank obligations. A substantial portion of the Fund may be invested in securities that are issued or traded pursuant to exemptions from registration under the federal securities laws. 
European Certificates of Deposit (ECDs) are U.S. dollar-denominated certificates of deposit issued by a bank outside of the United States. European Time Deposits (ETDs) are U.S. dollar-denominated deposits in foreign branches of U.S. banks and foreign banks. Yankee Certificates of Deposit (YCDs) are U.S. dollar-denominated certificates of deposit issued by U.S. branches of foreign banks. These instruments have different risks than those associated with the obligations of U.S. banks operating in the United States. 
The Fund seeks to achieve its investment objective by investing substantially all of its investable assets in the Money Market Portfolio, which has substantially identical investment policies to the Fund. When the Fund invests in this master-feederstructure, the Fund's only investments are shares of the Portfolio, and it participates in the investment returns achieved by the Portfolio. Descriptions in this section of the investment activities of the Fundalso generally describe the expected investment activities of the Portfolio. 
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OPIXX - Performance

Return Ranking - Trailing

Period OPIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 2.2% 55.41%
1 Yr 5.3% 0.0% 1445.6% 33.33%
3 Yr N/A* 0.0% 2.8% N/A
5 Yr N/A* 0.0% 121.5% N/A
10 Yr N/A* 0.0% 1.6% N/A

* Annualized

Return Ranking - Calendar

Period OPIXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.1% 43.75%
2022 0.0% 0.0% 0.0% 45.33%
2021 N/A 0.0% 0.0% N/A
2020 N/A 0.0% 0.0% N/A
2019 N/A 0.0% 0.0% N/A

Total Return Ranking - Trailing

Period OPIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 2.2% 55.41%
1 Yr 5.3% 0.0% 1445.6% 33.33%
3 Yr N/A* 0.0% 2.8% N/A
5 Yr N/A* 0.0% 121.5% N/A
10 Yr N/A* 0.0% 1.6% N/A

* Annualized

Total Return Ranking - Calendar

Period OPIXX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% 0.0% 5.8% 16.67%
2022 1.3% 0.0% 1.8% 56.67%
2021 N/A 0.0% 0.1% N/A
2020 N/A 0.0% 0.8% N/A
2019 N/A 0.0% 4868.4% N/A

NAV & Total Return History


OPIXX - Holdings

Concentration Analysis

OPIXX Category Low Category High OPIXX % Rank
Net Assets 14.9 B 16.1 M 86.2 B 1.94%
Number of Holdings 130 1 345 41.94%
Net Assets in Top 10 2.67 B 22.7 M 21.7 B 30.97%
Weighting of Top 10 20.44% 14.2% 100.0% 87.74%

Top 10 Holdings

  1. Abu Dhabi International Bank I Td - 01apr22 2.94%
  2. Abu Dhabi International Bank I Td - 01apr22 2.94%
  3. Abu Dhabi International Bank I Td - 01apr22 2.94%
  4. Abu Dhabi International Bank I Td - 01apr22 2.94%
  5. Abu Dhabi International Bank I Td - 01apr22 2.94%
  6. Abu Dhabi International Bank I Td - 01apr22 2.94%
  7. Abu Dhabi International Bank I Td - 01apr22 2.94%
  8. Abu Dhabi International Bank I Td - 01apr22 2.94%
  9. Abu Dhabi International Bank I Td - 01apr22 2.94%
  10. Abu Dhabi International Bank I Td - 01apr22 2.94%

Asset Allocation

Weighting Return Low Return High OPIXX % Rank
Cash
99.05% 35.74% 100.00% 14.19%
Bonds
0.95% 0.00% 64.26% 74.84%
Stocks
0.00% 0.00% 1.03% 46.45%
Preferred Stocks
0.00% 0.00% 1.01% 50.97%
Other
0.00% 0.00% 0.04% 46.45%
Convertible Bonds
0.00% 0.00% 13.25% 58.06%

Bond Sector Breakdown

Weighting Return Low Return High OPIXX % Rank
Cash & Equivalents
99.05% 35.74% 100.00% 14.19%
Government
0.57% 0.00% 30.63% 32.26%
Corporate
0.38% 0.00% 14.24% 65.81%
Derivative
0.00% 0.00% 0.36% 46.45%
Securitized
0.00% 0.00% 0.98% 48.39%
Municipal
0.00% 0.00% 49.89% 85.16%

Bond Geographic Breakdown

Weighting Return Low Return High OPIXX % Rank
US
0.95% 0.00% 64.26% 74.84%
Non US
0.00% 0.00% 2.90% 61.29%

OPIXX - Expenses

Operational Fees

OPIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.11% 20.36% 98.03%
Management Fee 0.05% 0.00% 0.57% 3.23%
12b-1 Fee 0.00% 0.00% 1.00% 9.26%
Administrative Fee N/A 0.03% 0.55% N/A

Sales Fees

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

Trading Fees

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

OPIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 212.00% N/A

OPIXX - Distributions

Dividend Yield Analysis

OPIXX Category Low Category High OPIXX % Rank
Dividend Yield 0.00% 0.00% 5.34% 34.19%

Dividend Distribution Analysis

OPIXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

OPIXX Category Low Category High OPIXX % Rank
Net Income Ratio 0.00% -1.14% 1.97% 84.93%

Capital Gain Distribution Analysis

OPIXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

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OPIXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Aug 12, 2004

17.81

17.8%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 41.58 16.52 18.34