# State Street Institutional Investment Trust - Treasury Fund (TRIXX): Money Market Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trixx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: State Street / SPDR · Asset class: Bond - Strategy: Actively Managed · Inception: 2023-04-17 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, ea... ## Key Facts | Metric | Value | |---|---| | Price | $1.00 | | Expense Ratio | 0.14% | | Assets Under Management | $172.4M | | NAV | $1.00 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $1.00 – $1.00 | | Beta | 0.00 | ## Frequently Asked Questions ### 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. ### Does TRIXX pay a dividend? State Street Institutional Investment Trust - Treasury Fund (TRIXX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRIXX pay dividends? State Street Institutional Investment Trust - Treasury Fund pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRIXX's dividend yield? TRIXX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is TRIXX's next ex-dividend date? TRIXX hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will TRIXX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.14% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TRIXX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRIXX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TRIXX cost more than a fund like VOO? TRIXX is actively managed (current expense ratio 0.14%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TRIXX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRIXX? The Lower-Fee Alternatives card above lists money market funds following the same investment strategy as TRIXX (0.14%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/trixx - Distribution history: https://www.dividenddata.com/funds/trixx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trixx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trixx/expenses - Peer comparison: https://www.dividenddata.com/funds/trixx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.