GEISX: GE Instl Income Svc

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GEISX GE Instl Income Svc


Profile

GEISX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $123 M
  • Holdings in Top 10 52.2%

52 WEEK LOW AND HIGH

$9.74
$9.34
$10.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 438.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    State Street Active Core Bond Fund
  • Fund Family Name
    State Street Global Advisors
  • Inception Date
    Sep 30, 2005
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Nest

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds and other debt securities. It 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.


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Categories

Performance

GEISX - Performance

Return Ranking - Trailing

Period GEISX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -21.0% 5.7% 38.40%
1 Yr 2.0% -22.3% 9.6% 48.73%
3 Yr 0.4%* -10.6% 4.7% 50.00%
5 Yr -0.4%* -8.7% 23.1% 43.83%
10 Yr N/A* -5.2% 11.8% 23.85%

* Annualized

Return Ranking - Calendar

Period GEISX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -1.3% 13.9% 53.62%
2018 -3.6% -10.3% 2.7% 58.05%
2017 0.9% -2.0% 8.1% 70.16%
2016 1.0% -8.5% 192.8% 28.00%
2015 -3.5% -12.2% -0.2% 49.07%

Total Return Ranking - Trailing

Period GEISX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -21.0% 5.7% 38.40%
1 Yr 2.0% -22.3% 9.6% 48.73%
3 Yr 0.4%* -10.6% 4.7% 59.90%
5 Yr -0.4%* -8.7% 27.3% 62.35%
10 Yr N/A* -5.2% 16.4% 27.31%

* Annualized

Total Return Ranking - Calendar

Period GEISX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -1.2% 13.9% 57.45%
2018 -3.6% -10.3% 3.9% 65.37%
2017 0.9% -1.5% 8.4% 80.10%
2016 1.0% -4.6% 204.3% 57.71%
2015 -3.5% -12.2% 3.7% 70.81%

NAV & Total Return History


Holdings

GEISX - Holdings

Concentration Analysis

GEISX Category Low Category High GEISX % Rank
Net Assets 123 M 3.06 M 69.4 B 70.36%
Number of Holdings 1033 5 7557 24.00%
Net Assets in Top 10 48.3 M 1.7 M 39.5 B 72.40%
Weighting of Top 10 52.24% 5.9% 98.5% 24.38%

Top 10 Holdings

  1. 2 Year Treasury Note Future June 20 15.68%
  2. Bge2fczg9 Irs Usd P F 3.05500 Bge2fczg9_fix Ccpvanilla 6.18%
  3. Bge2fczg9 Irs Usd R V 03mlibor Bge2fczg9_flo Ccpvanilla 5.98%
  4. United States Treasury Notes 1.62% 5.14%
  5. Ultra 10 Year US Treasury Note Future June 20 4.73%
  6. Government National Mortgage Association 3.5% 3.08%
  7. United States Treasury Bonds 3% 3.06%
  8. United States Treasury Notes 1.88% 3.01%
  9. United States Treasury Notes 1.88% 2.78%
  10. S91zby4a3 Cds Usd R F 5.00000 Z91zby4a3_fee Ccpcdx 2.59%

Asset Allocation

Weighting Return Low Return High GEISX % Rank
Bonds
84.84% 58.17% 167.18% 87.65%
Cash
14.38% -74.25% 36.46% 10.80%
Convertible Bonds
0.64% 0.00% 6.52% 57.60%
Preferred Stocks
0.14% 0.00% 2.42% 25.20%
Stocks
0.00% -1.45% 15.11% 30.28%
Other
0.00% -23.25% 7.70% 23.20%

Bond Sector Breakdown

Weighting Return Low Return High GEISX % Rank
Government
38.30% 0.00% 93.09% 17.60%
Securitized
27.05% 0.00% 91.34% 66.40%
Corporate
18.70% 0.00% 80.84% 71.20%
Cash & Equivalents
12.31% -28.66% 39.45% 16.40%
Derivative
3.33% -0.04% 29.60% 21.60%
Municipal
0.31% 0.00% 25.21% 50.00%

Bond Geographic Breakdown

Weighting Return Low Return High GEISX % Rank
US
80.69% 29.48% 224.14% 59.20%
Non US
4.15% -165.97% 67.57% 76.80%

Expenses

GEISX - Expenses

Operational Fees

GEISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.02% 37.25% 87.87%
Management Fee 0.25% 0.00% 0.96% 4.37%
12b-1 Fee 0.25% 0.00% 1.00% 24.06%
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

GEISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GEISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

GEISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 438.00% 7.12% 684.00% 94.90%

Distributions

GEISX - Distributions

Dividend Yield Analysis

GEISX Category Low Category High GEISX % Rank
Dividend Yield 0.00% 0.00% 3.80% 37.55%

Dividend Distribution Analysis

GEISX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

GEISX Category Low Category High GEISX % Rank
Net Income Ratio 2.65% -0.35% 8.52% 60.83%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GEISX - Fund Manager Analysis

Managers

Matthew Nest


Start Date

Tenure

Tenure Rank

Jan 10, 2018

2.14

2.1%

Matthew Nest, CFA, is a Managing Director of SSGA and Global Head of Macro Strategies. In that capacity, he is responsible for global interest rate and currency portfolio management. Prior to joining SSGA, 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 designation and is a member of the CFA Institute.

James Palmieri


Start Date

Tenure

Tenure Rank

Jun 12, 2019

0.72

0.7%

Palmieri is an assistant portfolio manager of GE Asset Management. Prior to joining GE Asset Management in March 2006, he was a director of Investments for Constitution Corporate Federal Credit Union from February 2005 to March 2006 and a Portfolio Manager for CIGNA Investment Management from January 2000 to February 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 27.18 5.58 5.43