State Street Active Core Bond Fund
Data updated: 2022-02-25
C000004419 — State Street Active Core Bond Fund. Money Market · $146.32M AUM · 0.52% expense ratio. Holdings, fees, performance and SEC filings.
C000004419 Fund Overview
State Street Active Core Bond Fund is a US mutual fund managed by State Street Institutional Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: State Street Institutional Funds
- Category: Money Market
- Assets under management: $146.32M
- 1-year return: -1.6%
- SEC CIK: 0001040061
- SEC series ID: S000001626
- Share class ID: C000004419
C000004419 Investment Objective and Strategy
State Street Active Core Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by State Street Institutional Funds.
Investment objective
Maximum income consistent with prudent investment management and the preservation of capital.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) under normal circumstances in debt securities. The Fund invests primarily in a variety of investment-grade debt securities, such as mortgage-backed securities, corporate bonds, U.S. Government securities and money market instruments. 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. U.S. Government securities are securities that are issued or guaranteed as to principal and interest by the U.S. Government or one of its agencies or instrumentalities. Some U.S. Government securities are backed by the full faith and credit of the U.S.
Government, such as U.S. Treasury bills and notes and obligations of the Government National Mortgage Association (Ginnie Mae). Other U.S. Government securities are neither issued by nor guaranteed by the full faith and credit of the U.S. Government, including those issued by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Fannie Mae and Freddie Mac have been operating under a conservatorship since 2008, with the Federal Housing Finance Agency acting as their conservator, and receive certain financing support from and have access to certain borrowing arrangements with the U.S. Treasury. The portfolio managers seek to identify debt securities with characteristics such as: attractive yields and prices the potential for capital appreciation reasonable credit quality The portfolio managers may consider selling a security when one of these characteristics no longer applies, or when valuation becomes excessive and more attractive alternatives are identified.
The Fund also may invest up to 20% of its net assets in high yield securities (also known as junk bonds) and, to a lesser extent, in asset-backed securities, foreign (non-U.S.) and emerging market debt securities and equity securities. The portfolio managers may also use various types of derivative instruments (primarily futures contracts and interest rate and credit default swaps) to manage yield, interest rate exposure (also known as duration) 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.
C000004419 Performance
Total returns for C000004419 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.6% |
| 3 years (annualised) | 3.3% |
C000004419 Risk Information
Risk metrics for C000004419, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.8%
C000004419 Costs and Fees
C000004419 costs about $52 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.52%
- Gross expense ratio: 0.52%
- Portfolio turnover: 69%
- Brokerage commissions: 0.20 bps of average net assets (SEC N-CEN)
C000004419 Cashflows
Over the 12 months to 2021-12, State Street Active Core Bond Fund had net inflows of $2.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-12 | $309.42K |
| 2021-11 | $94.43K |
| 2021-10 | −$103.47K |
| 2021-09 | −$176.53K |
| 2021-08 | $141.38K |
| 2021-07 | $453.62K |
C000004419 Debt Constituents
No individual debt constituents are reported in State Street Active Core Bond Fund's latest SEC N-PORT filing.
C000004419 Prospectus and SEC Filings
Official State Street Active Core Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-27
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus (485BPOS) — filed 2020-02-24
- Portfolio holdings (N-PORT) — filed 2022-02-25
- Portfolio holdings (N-PORT) — filed 2021-11-26
- Portfolio holdings (N-PORT) — filed 2021-08-27
- Annual census (N-CEN) — filed 2021-12-13
- Annual census (N-CEN) — filed 2020-12-07
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.