State Street Institutional Investment Trust - Treasury Fund

Frequently Asked Questions About TRIXX

What does TRIXX invest in?

The Fund is a money market fund whose investment objective is to seek a high level of current income consistent with preserving principal and liquidity and maintaining a stable $1.00 per share net asset value. It invests primarily in short-term U.S. Treasury obligations and repurchase agreements collateralized by such obligations, generally investing through a master-feeder structure in the State Street Treasury Money Market Portfolio. TRIXX is the fund's Premier Class of shares; the same fund also offers Institutional, Administration, Investment, Investor, and Opportunity share classes, each with different fee structures and minimum investment requirements, all representing interests in the same underlying portfolio.

What is the expense ratio of TRIXX?

State Street Institutional Investment Trust - Treasury Fund (TRIXX) charges an expense ratio of 0.14%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of TRIXX?

Effective duration measures TRIXX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TRIXX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TRIXX?

TRIXX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TRIXX?

Yield to maturity (YTM) is the total return you'd earn from TRIXX if every bond in the portfolio is held to maturity at the current price. TRIXX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is TRIXX?

State Street Institutional Investment Trust - Treasury Fund (TRIXX) manages $172.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.