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State Street Total Return V.I.S. Fund
mutual fund
SSTTX
Payout Change
Pending
Price as of:
$16.55
+0.1
+0.61%
primary theme
U.S. Balanced Allocation
share class
SSTTX (Mutual Fund)
State Street Total Return V.I.S. Fund
Payout Change
Pending
Price as of:
$16.55
+0.1
+0.61%
primary theme
U.S. Balanced Allocation
share class
SSTTX (Mutual Fund)
State Street Total Return V.I.S. Fund
Payout Change
Pending
Price as of:
$16.55
+0.1
+0.61%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
12.3%
1 yr return
12.9%
3 Yr Avg Return
2.7%
5 Yr Avg Return
4.9%
Net Assets
$1.11 B
Holdings in Top 10
39.0%
52 WEEK LOW AND HIGH
$16.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 118.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
SSTTX - Profile
Distributions
- YTD Total Return 12.3%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.95%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameState Street Total Return V.I.S. Fund
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateMay 01, 2006
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeremiah Holly
Fund Description
The Fund seeks to achieve its investment objective by constructing a broadly diversified portfolio that provides exposure to three primary asset classes either directly or indirectly through investment in exchange-traded funds (“ETFs”), including ETFs that pay fees to SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the Fund's investment adviser, and its affiliates for management, marketing or other services: (1) U.S. and foreign (non-U.S.) equity securities (the
“Equity Class”); (2) U.S. and foreign (non-U.S.) debt securities (the “Fixed Income Class”); and (3) alternative-style investments (the “Alternative Class”). SSGA FM allocates the Fund's assets among the following sub-asset classes in proportions consistent with the potential returns and risks of each sub-asset class as well as the allocations that, in SSGA FM's view, will best meet the Fund's investment objective:
•
Equity Class — Sub-Asset Classes: U.S. large cap equity securities; U.S. small- and mid-cap equity securities; foreign (non-U.S.) developed market equity securities; and emerging market equity securities.
•
Fixed Income Class — Sub-Asset Classes: U.S. government securities, U.S. investment-grade credit securities, and U.S. securitized fixed-income securities (mortgage-backed and asset-backed securities); treasury inflation-protected securities (“TIPS”); high yield securities (also known as “junk bonds”); and sovereign debt obligations.
•
Alternative Class — Sub-Asset Classes: real estate investment trusts (“REITs”) and commodities.
Under normal circumstances, the Fund anticipates maintaining an overall strategic target allocation range of 50%-70% of its assets in the Equity Class, 30%-50% of its assets in the Fixed Income Class, and 0%-5% of its assets in the Alternative Class. SSGA FM reviews these target allocations at least annually and may make changes over time when it believes it is beneficial to the Fund, including, but not limited to, adding or removing sub-asset classes or underlying ETFs, changing the sub-asset class target allocations, or maintaining the target allocations for longer or shorter periods of time. In addition, SSGA FM may from time to time make tactical adjustments to the Fund's allocation to a particular sub-asset class to pursue short to intermediate term opportunities based on a broad range of market and economic conditions, and a combination of quantitative and fundamental inputs. As a result of these tactical adjustments, the Fund's actual allocations may deviate from the overall strategic target allocations and, during certain periods, such deviations may be significant.
SSGA FM employs an “indexing” investment approach to assets allocated to the Equity, Fixed Income and Alternative Classes. SSGA FM divides the Classes into the sub-classes described above, and for each sub-class seeks to track the performance of an applicable market index. Under this investment approach, the Fund invests directly or through investment in ETFs either (1) in substantially all of the securities in an index in approximately the same proportion as the index (a “replication” strategy) or (2) in a representative sample of securities that collectively has an investment profile similar to an index (a “representative sampling” strategy). In a representative sampling strategy, the securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index, and the Fund might or might not hold, directly or through investment in ETFs, all of the securities that comprise the index. For additional information regarding the investment process used to manage the Classes, including the sub-asset classes and applicable market indices, see the “More on the Underlying Investment Indices of the State Street Total Return V.I.S. Fund” section of this Prospectus.
SSGA FM may gain exposure to the various sub-asset classes by investing directly in individual securities or through investment in ETFs managed by SSGA FM or its affiliates as well as those managed by unaffiliated investment managers. The Fund (or the ETFs in which the Fund invests) may also use derivative instruments (including options, futures contracts, options on futures, interest rate swaps, credit default swaps, and forward contracts) to gain or hedge exposure to a certain type of security or broad-based index as an alternative to investing directly in or selling such type of security or the securities representing such index.
The Fund may hold cash or invest in money market instruments, principally for the preservation of capital, income potential or maintenance of liquidity.
SSTTX - Performance
Return Ranking - Trailing
| Period | SSTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.3% | -2.7% | 72.6% | 48.75% |
| 1 Yr | 12.9% | -1.8% | 67.6% | 45.08% |
| 3 Yr | 2.7%* | -5.1% | 20.7% | 61.71% |
| 5 Yr | 4.9%* | -3.8% | 21.1% | 83.82% |
| 10 Yr | 2.2%* | 0.7% | 13.6% | 98.47% |
* Annualized
Return Ranking - Calendar
| Period | SSTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -12.2% | 23.9% | 22.71% |
| 2022 | -18.4% | -34.7% | 2.8% | 49.33% |
| 2021 | -3.4% | -11.9% | 18.1% | 93.20% |
| 2020 | 4.5% | -20.9% | 39.7% | 76.54% |
| 2019 | 13.2% | 0.8% | 25.7% | 56.67% |
Total Return Ranking - Trailing
| Period | SSTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.3% | -2.7% | 72.6% | 48.75% |
| 1 Yr | 12.9% | -1.8% | 67.6% | 45.08% |
| 3 Yr | 2.7%* | -5.1% | 20.7% | 61.71% |
| 5 Yr | 4.9%* | -3.8% | 21.1% | 83.82% |
| 10 Yr | 2.2%* | 0.7% | 13.6% | 98.47% |
* Annualized
Total Return Ranking - Calendar
| Period | SSTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.2% | -12.2% | 26.8% | 29.65% |
| 2022 | -16.7% | -29.0% | 10.9% | 82.61% |
| 2021 | 13.2% | -3.0% | 27.3% | 50.54% |
| 2020 | 6.1% | -19.5% | 40.6% | 87.54% |
| 2019 | 13.2% | 2.2% | 32.7% | 97.17% |
NAV & Total Return History
SSTTX - Holdings
Concentration Analysis
| SSTTX | Category Low | Category High | SSTTX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.11 B | 861 K | 235 B | 48.02% |
| Number of Holdings | 5020 | 2 | 16143 | 0.59% |
| Net Assets in Top 10 | 433 M | 859 K | 66.9 B | 53.69% |
| Weighting of Top 10 | 38.95% | 10.8% | 122.7% | 57.82% |
Top 10 Holdings
- SPDR Portfolio Aggregate Bond ETF 18.37%
- State Street Institutional US Government Money Market Fund 5.34%
- SPDR Bloomberg High Yield Bond ETF 4.89%
- Apple Inc 2.29%
- Microsoft Corp 2.16%
- NVIDIA Corp 1.92%
- Amazon.com Inc 1.17%
- Taiwan Semiconductor Manufacturing Co Ltd 1.01%
- SPDR Portfolio Long Term Treasury ETF 0.96%
- Meta Platforms Inc 0.85%
Asset Allocation
| Weighting | Return Low | Return High | SSTTX % Rank | |
|---|---|---|---|---|
| Stocks | 89.30% | 0.00% | 100.10% | 43.95% |
| Cash | 5.57% | -7.92% | 100.00% | 20.94% |
| Bonds | 4.85% | 0.00% | 77.71% | 51.33% |
| Preferred Stocks | 0.25% | 0.00% | 24.59% | 11.80% |
| Convertible Bonds | 0.13% | 0.00% | 23.84% | 84.99% |
| Other | 0.04% | -42.55% | 113.97% | 38.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SSTTX % Rank | |
|---|---|---|---|---|
| Technology | 18.20% | 0.00% | 44.21% | 56.78% |
| Financial Services | 16.27% | 0.00% | 38.77% | 26.23% |
| Healthcare | 12.67% | 0.00% | 29.35% | 72.13% |
| Industrials | 10.88% | 0.00% | 24.37% | 38.30% |
| Consumer Cyclical | 10.50% | 0.00% | 19.36% | 40.69% |
| Communication Services | 6.94% | 0.00% | 38.10% | 54.25% |
| Consumer Defense | 6.86% | 0.00% | 15.14% | 44.41% |
| Energy | 5.76% | 0.00% | 85.65% | 36.21% |
| Basic Materials | 4.79% | 0.00% | 25.57% | 26.53% |
| Real Estate | 4.04% | 0.00% | 65.01% | 33.98% |
| Utilities | 3.08% | 0.00% | 99.55% | 42.32% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SSTTX % Rank | |
|---|---|---|---|---|
| US | 67.45% | 0.00% | 100.10% | 49.26% |
| Non US | 21.85% | 0.00% | 42.80% | 1.47% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SSTTX % Rank | |
|---|---|---|---|---|
| Government | 56.54% | 0.00% | 97.26% | 3.86% |
| Securitized | 10.93% | 0.00% | 92.13% | 72.21% |
| Corporate | 8.66% | 0.00% | 98.21% | 94.06% |
| Cash & Equivalents | 5.35% | 0.00% | 99.92% | 21.09% |
| Municipal | 0.30% | 0.00% | 24.80% | 40.27% |
| Derivative | 0.04% | -4.58% | 41.29% | 14.16% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SSTTX % Rank | |
|---|---|---|---|---|
| US | 4.85% | 0.00% | 77.71% | 51.33% |
| Non US | 0.00% | 0.00% | 15.37% | 54.87% |
SSTTX - Expenses
Operational Fees
| SSTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | 27.98% | 57.92% |
| Management Fee | 0.35% | 0.00% | 1.83% | 46.71% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 34.09% |
| Administrative Fee | 0.05% | 0.01% | 0.83% | 27.17% |
Sales Fees
| SSTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SSTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| SSTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 118.00% | 0.83% | 343.00% | 86.91% |
SSTTX - Distributions
Dividend Yield Analysis
| SSTTX | Category Low | Category High | SSTTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.79% | 0.00% | 17.90% | 58.57% |
Dividend Distribution Analysis
| SSTTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| SSTTX | Category Low | Category High | SSTTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.95% | -2.34% | 13.92% | 15.47% |
Capital Gain Distribution Analysis
| SSTTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.294 | OrdinaryDividend |
| Dec 27, 2022 | $0.058 | OrdinaryDividend |
| Dec 27, 2022 | $0.076 | CapitalGainShortTerm |
| Dec 27, 2022 | $0.141 | CapitalGainLongTerm |
| Dec 27, 2021 | $0.342 | OrdinaryDividend |
| Dec 27, 2021 | $0.872 | CapitalGainShortTerm |
| Dec 27, 2021 | $1.549 | CapitalGainLongTerm |
| Dec 28, 2020 | $0.263 | OrdinaryDividend |
| Dec 26, 2017 | $0.546 | CapitalGainLongTerm |
| Dec 26, 2017 | $0.353 | OrdinaryDividend |
| Dec 28, 2016 | $0.029 | CapitalGainShortTerm |
| Dec 28, 2016 | $0.319 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.300 | OrdinaryDividend |
| Dec 29, 2015 | $0.063 | CapitalGainShortTerm |
| Dec 29, 2015 | $0.539 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.294 | OrdinaryDividend |
| Dec 22, 2014 | $0.040 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.520 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.292 | OrdinaryDividend |
| Dec 26, 2013 | $0.934 | CapitalGainLongTerm |
| Dec 26, 2013 | $0.243 | OrdinaryDividend |
| Dec 27, 2012 | $0.233 | OrdinaryDividend |
| Dec 28, 2011 | $0.251 | OrdinaryDividend |
| Dec 29, 2010 | $0.189 | OrdinaryDividend |
| Dec 29, 2009 | $0.199 | OrdinaryDividend |
| Dec 30, 2008 | $0.071 | CapitalGainLongTerm |
| Dec 30, 2008 | $0.329 | OrdinaryDividend |
| Dec 27, 2007 | $0.111 | CapitalGainShortTerm |
| Dec 27, 2007 | $0.679 | CapitalGainLongTerm |
| Dec 27, 2007 | $0.352 | OrdinaryDividend |
| Dec 28, 2006 | $0.318 | OrdinaryDividend |
| Dec 28, 2006 | $0.010 | CapitalGainShortTerm |
| Dec 28, 2006 | $0.235 | CapitalGainLongTerm |
SSTTX - Fund Manager Analysis
Managers
Jeremiah Holly
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Jerry is a Vice President at State Street Global Advisors and a Senior Portfolio Manager with the Investment Solutions Group (ISG). In this role, Jerry is responsible for managing a variety of multi-asset class portfolios, including tactical asset allocation strategies and derivatives-based overlay strategies. He is actively involved in the investment research that underpins the team's views across capital markets and also plays a key role in articulating those perspectives and ideas to clients. Before joining the Investment Solutions Group, Jerry was a member of the firm's Consultant Relations department supporting asset allocation and fixed income investment strategies. Prior to joining SSgA in 2005, Jerry worked as a Research Analyst at Chmura Economics & Analytics - an economic research firm in Richmond, Virginia. Jerry graduated from the University of Richmond with a Bachelor of Arts degree in Economics. He earned the Chartered Financial Analyst designation and is a member of both the Boston Security Analysts Society and CFA Institute. Jerry also serves on the Board of Directors for Tutoring Plus of Cambridge, a nonprofit tutoring and mentoring organization based in Cambridge, MA.
Michael Martel
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Mike is a Managing Director of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team. He has been working in the investment management field since 1992. Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
