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Name

As of 04/15/2024

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

State Street Real Estate Securities V.I.S. Fund

SSRSX | Fund

$9.07

$260 M

2.33%

$0.21

1.05%

Vitals

YTD Return

-6.9%

1 yr return

5.8%

3 Yr Avg Return

-0.2%

5 Yr Avg Return

1.5%

Net Assets

$260 M

Holdings in Top 10

48.8%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 85.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/15/2024

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

State Street Real Estate Securities V.I.S. Fund

SSRSX | Fund

$9.07

$260 M

2.33%

$0.21

1.05%

SSRSX - Profile

Distributions

  • YTD Total Return -6.9%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    State Street Real Estate Securities V.I.S. Fund
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    May 01, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dean Frankel

Fund Description

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 equity securities, such as common and preferred stocks, and debt securities of U.S. issuers that are principally engaged in or related to the real estate industry, including those that own significant real estate assets. Shareholders will receive sixty (60) days' notice prior to a change in the 80% investment policy. The Fund does not invest directly in real estate.
The Fund considers an issuer to be “principally engaged in” or “principally related to” the real estate industry if at least 50% of its assets (marked-to-market), gross income or net profits are attributable to development, ownership, construction, management or sale of residential, commercial or industrial real estate, or to products or services related to the real estate industry. Issuers engaged in the real estate industry include equity real estate investment trusts (“REITs”), mort 
gage REITs, real estate brokers and developers, companies that manage real estate and companies that own substantial amounts of real estate. Issuers in businesses related to the real estate industry include manufacturers and distributors of building supplies and financial institutions that issue or service mortgages. 
The Fund also may invest to a lesser extent in equity securities and debt securities of issuers outside the real estate industry. The Fund also may invest up to 35% of its assets in high yield securities (also known as “junk bonds”) and up to 20% of its assets in foreign securities. 
Read More

SSRSX - Performance

Return Ranking - Trailing

Period SSRSX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.9% -14.6% 3.5% 22.05%
1 Yr 5.8% -14.1% 18.7% 7.87%
3 Yr -0.2%* -12.5% 10.3% 12.90%
5 Yr 1.5%* -11.5% 13.3% 75.44%
10 Yr 4.5%* -1.7% 14.2% 60.53%

* Annualized

Return Ranking - Calendar

Period SSRSX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -17.6% 24.6% 16.54%
2022 -36.9% -51.3% 2.7% 80.63%
2021 15.6% -7.7% 52.3% 87.90%
2020 -7.0% -42.2% 35.0% 33.33%
2019 16.0% -0.6% 43.1% 63.56%

Total Return Ranking - Trailing

Period SSRSX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.9% -14.6% 3.5% 22.05%
1 Yr 5.8% -14.1% 18.7% 7.87%
3 Yr -0.2%* -12.5% 10.3% 12.90%
5 Yr 1.5%* -11.5% 13.3% 75.44%
10 Yr 4.5%* -1.7% 14.2% 60.53%

* Annualized

Total Return Ranking - Calendar

Period SSRSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% -14.0% 25.0% 22.05%
2022 -24.9% -40.7% 7.8% 24.51%
2021 41.8% 7.8% 54.6% 39.92%
2020 -5.2% -36.6% 44.3% 55.98%
2019 16.0% 3.4% 46.4% 95.56%

NAV & Total Return History

SSRSX - Holdings

Concentration Analysis

SSRSX Category Low Category High SSRSX % Rank
Net Assets 260 M 2.26 M 63.6 B 52.33%
Number of Holdings 50 18 513 28.78%
Net Assets in Top 10 31.9 M 711 K 30.4 B 83.76%
Weighting of Top 10 48.84% 16.9% 82.2% 81.18%

Top 10 Holdings

  1. Prologis Inc 9.70%
  2. Equinix Inc 7.98%
  3. Extra Space Storage Inc 4.55%
  4. Welltower Inc 4.49%
  5. Realty Income Corp 4.26%
  6. Digital Realty Trust Inc 3.90%
  7. Equity Residential 3.72%
  8. Ventas Inc 3.66%
  9. Public Storage 3.42%
  10. Simon Property Group Inc 3.18%

Asset Allocation

Weighting Return Low Return High SSRSX % Rank
Stocks 		99.01% 0.00% 106.01% 39.11%
Cash 		0.99% -42.50% 20.74% 60.15%
Preferred Stocks 		0.00% 0.00% 31.13% 38.38%
Other 		0.00% -89.96% 112.19% 42.80%
Convertible Bonds 		0.00% 0.00% 10.95% 29.63%
Bonds 		0.00% -3.17% 148.00% 38.01%

Stock Sector Breakdown

Weighting Return Low Return High SSRSX % Rank
Real Estate 		100.00% 34.46% 100.00% 12.06%
Utilities 		0.00% 0.00% 3.55% 27.24%
Technology 		0.00% 0.00% 12.02% 44.75%
Industrials 		0.00% 0.00% 7.39% 31.91%
Healthcare 		0.00% 0.00% 0.53% 27.24%
Financial Services 		0.00% 0.00% 37.05% 36.96%
Energy 		0.00% 0.00% 33.11% 28.02%
Communication Services 		0.00% 0.00% 11.61% 34.63%
Consumer Defense 		0.00% 0.00% 0.93% 25.68%
Consumer Cyclical 		0.00% 0.00% 45.29% 60.31%
Basic Materials 		0.00% 0.00% 13.69% 30.74%

Stock Geographic Breakdown

Weighting Return Low Return High SSRSX % Rank
US 		99.01% 0.00% 106.01% 33.95%
Non US 		0.00% 0.00% 41.39% 34.32%

SSRSX - Expenses

Operational Fees

SSRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.07% 24.62% 61.19%
Management Fee 0.85% 0.00% 1.50% 72.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

SSRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SSRSX 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.

SSRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 0.11% 380.00% 77.78%

SSRSX - Distributions

Dividend Yield Analysis

SSRSX Category Low Category High SSRSX % Rank
Dividend Yield 2.33% 0.00% 12.72% 60.89%

Dividend Distribution Analysis

SSRSX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Quarterly Quarterly

Net Income Ratio Analysis

SSRSX Category Low Category High SSRSX % Rank
Net Income Ratio 0.93% -1.14% 6.05% 57.84%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SSRSX - Fund Manager Analysis

Managers

Dean Frankel

Start Date

Tenure

Tenure Rank

May 01, 2005

17.09

17.1%

Dean Frankel is the Global Co-Head, Real Estate Securities at CenterSquare Investment Management. Mr. Frankel is responsible for management of the firm's proprietary research process, as well as analyzing and interpreting the implications of major events and economic trends. Mr. Frankel manages the daily operations of the real estate securities portfolios and has ultimate decision-making authority for the core U.S. and Global REIT strategies. Mr. Frankel joined CenterSquare in 1997 and has served as Senior Portfolio Manager since 2006. He manages CenterSquare’s proprietary research process and oversees the CenterSquare Investment Management, Inc.'s real estate securities trading activities. Mr. Frankel holds a B.S. in Economics from the University of Pennsylvania's Wharton School of Business.

Eric Rothman

Start Date

Tenure

Tenure Rank

May 01, 2007

15.09

15.1%

Mr. Rothman serves as Portfolio Manager for CenterSquare Investment Management’s real estate securities group. He joined the firm in 2006, and is responsible for market research, sector allocations, research, and financial modeling across the real estate securities universe. He has over 20 years of REIT and real estate investment experience. Prior to joining CenterSquare, he spent more than six years as a sell-side REIT analyst at Wachovia Securities and three years as an analyst at AEW Capital Management, LP. Mr. Rothman graduated cum laude from Boston University with a B.A. in Economics, International Relations and French.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 7.89 2.23

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