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Name

As of 02/03/2023

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 Diversified Income Fund

SBFYX | Fund

$8.52

$22.3 M

1.25%

$0.11

0.70%

Vitals

YTD Return

4.4%

1 yr return

-9.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$22.3 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$8.5
$7.72
$9.51

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 02/03/2023

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 Diversified Income Fund

SBFYX | Fund

$8.52

$22.3 M

1.25%

$0.11

0.70%

SBFYX - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    State Street Diversified Income Fund
  • Fund Family Name
    SSGA
  • Inception Date
    Dec 23, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Orhan Imer

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 65% of its net assets in income securities of varying maturities. SSGA Funds Management, Inc. (the “Adviser”) attempts to diversify the Fund's assets across income-generating types of securities while making adjustments to the portfolio to manage risk through different credit cycles based on the Adviser's risk/return forecasts. The Fund seeks to manage volatility through portfolio diversification across different income-generating securities and manage exposures to duration, credit rating/quality, geography, maturity and different parts of the capital structure of issuers in which the Fund invests.
The Fund's investments may include income securities of any credit rating, income securities issued by governmental entities (including supranational entities), their agencies and instrumentalities, collateralized loan obligations, high-yield senior loans, mortgage-related and asset-backed securities and other fixed and floating or variable rate obligations. The Fund may invest in securities of any duration. The Fund may also invest up to 10% of its net assets in convertible securities and up to 10% of its net assets in preferred securities. The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, including ETFs advised by the Adviser, in order to manage cash positions or seek exposure to certain markets or market sectors.
The Fund may invest in such income securities of issuers located in the United States and non-U.S. countries, including emerging market entities and may obtain exposure to non-U.S. countries directly or indirectly, such as through investment in depositary receipts. An emerging market country is any country determined by the Adviser to have an emerging market economy, considering factors such as the country's political and economic stability, and the development of its financial and capital markets. An emerging market entity is an entity that is located in an emerging market country or has significant economic exposure to an emerging market, including corporate, national and local government, and quasi-government entities.
The Fund may invest up to 80% of its net assets in high yield securities (commonly referred to as below-investment-grade bonds or junk bonds) rated below investment grade by Moody's Investors Service, Inc. (“Moody's”), Standard & Poor's Ratings Services (“S&P”) or Fitch, Inc. (“Fitch”), or if unrated, as determined by the Adviser. In the event that ratings services assign different ratings to the same security, the Adviser will use the highest rating as the credit rating for that security. The Fund may invest up to 75% of its net assets in income securities of issuers domiciled in emerging market countries. In addition, the Fund may invest up to 50% of its net assets in income securities denominated in foreign currencies (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity). The Fund will normally limit its net foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its net assets.
The Fund may invest, without limitation, in derivative instruments, which the Fund currently expects would include income-related forwards, options, futures and swaps. The Fund expects to use such instruments primarily to adjust market exposures (including duration and yield curve), to gain broad income market exposures pending investments of cash, or to reduce market exposures pending the sales of securities. The Fund may also enter into foreign currency futures, forward contracts, and options to hedge currency risk. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).
Read More

SBFYX - Performance

Return Ranking - Trailing

Period SBFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -59.5% 0.9% N/A
1 Yr -9.7% -15.5% 19.7% N/A
3 Yr N/A* -4.3% 4.2% N/A
5 Yr N/A* -2.5% 4.1% N/A
10 Yr N/A* -3.0% 2.7% N/A

* Annualized

Return Ranking - Calendar

Period SBFYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -15.2% 0.9% N/A
2022 N/A -10.9% 12.2% N/A
2021 N/A -10.8% 14.8% N/A
2020 N/A -15.3% 0.6% N/A
2019 N/A -44.4% 14.4% N/A

Total Return Ranking - Trailing

Period SBFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -59.5% 0.9% N/A
1 Yr -9.7% -16.6% 30.5% N/A
3 Yr N/A* -5.2% 10.9% N/A
5 Yr N/A* -2.8% 7.4% N/A
10 Yr N/A* -3.0% 3.6% N/A

* Annualized

Total Return Ranking - Calendar

Period SBFYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -15.2% 0.9% N/A
2022 N/A -10.9% 12.2% N/A
2021 N/A -10.8% 14.8% N/A
2020 N/A -15.3% 3.8% N/A
2019 N/A -44.4% 14.4% N/A

NAV & Total Return History

SBFYX - Holdings

Concentration Analysis

SBFYX Category Low Category High SBFYX % Rank
Net Assets 22.3 M 74.5 K 14.7 B 92.16%
Number of Holdings N/A 4 4562 N/A
Net Assets in Top 10 N/A -112 M 3.66 B N/A
Weighting of Top 10 N/A 4.7% 100.0% N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High SBFYX % Rank
Stocks 		0.00% 0.00% 7.47% N/A
Preferred Stocks 		0.00% 0.00% 2.87% N/A
Other 		0.00% -9.71% 100.00% N/A
Convertible Bonds 		0.00% 0.00% 11.19% N/A
Cash 		0.00% -130.07% 95.62% N/A
Bonds 		0.00% 0.00% 220.33% N/A

SBFYX - Expenses

Operational Fees

SBFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.02% 3.65% 59.81%
Management Fee 0.25% 0.00% 2.08% 3.41%
12b-1 Fee 0.00% 0.00% 1.00% 6.06%
Administrative Fee 0.05% 0.01% 0.45% 33.85%

Sales Fees

SBFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SBFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

SBFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 6.00% 354.00% N/A

SBFYX - Distributions

Dividend Yield Analysis

SBFYX Category Low Category High SBFYX % Rank
Dividend Yield 1.25% 0.00% 17.40% 34.60%

Dividend Distribution Analysis

SBFYX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

SBFYX Category Low Category High SBFYX % Rank
Net Income Ratio N/A -1.08% 5.77% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

SBFYX - Fund Manager Analysis

Managers

Orhan Imer

Start Date

Tenure

Tenure Rank

Dec 23, 2021

0.44

0.4%

Orhan is a Vice President and a Senior Portfolio Manager for LDI & Multi-Sector Strategies with the Global Fixed Income, Cash & Currency (FICC) team at SSGA. Orhan is also a Senior Portfolio Manager with the Fixed Income Beta Solutions group with responsibilities for managing several fixed income funds and ETFs including Global Rates/Inflation, US Core and Credit portfolios. He is a member of the Technical Committee which oversees all SSGA's quantitative investment research. Prior to joining SSGA in 2017, Orhan held several roles during his tenure at Columbia Threadneedle Investments. Most r

Matthew Nest

Start Date

Tenure

Tenure Rank

Dec 23, 2021

0.44

0.4%

Matthew Nest, CFA, is a Managing Director of SSGA and the Adviser and Global Head of Macro Strategies. In that capacity, he is responsible for global interest rate and currency portfolio management. Prior to joining SSGA in 2016, 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 (CFA) designation and is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67

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