EMEA_INST
State Street Ireland Unit Trust
State Street IUT Euro Government
Long Bond Fund
Fixed Income
All data expressed as at 30 April 2017
Fund Objective
Performance
The investment objective of the Sub-Fund is to seek
to out-perform the Benchmark (as defined below)
by 75 basis points per annum. The Sub-fund will
invest primarily in long dated eurozone bonds and
aims to generate long term capital growth.
Marketing Communication
Annualised
Benchmark
Fund Gross
Difference
Fund Net
Difference
1 Year (%)
-0.86
-0.83
0.03
-1.12
-0.26
3 Year (%)
7.80
7.89
0.09
7.57
-0.23
5 Year (%)
9.41
9.52
0.11
9.19
-0.22
Benchmark
10 Year (%)
6.97
7.06
0.09
6.72
-0.25
BofA Merrill Lynch 10+ Year Euro Government
Index
Cumulative
1 Month (%)
0.90
0.82
-0.08
0.79
-0.10
Structure
3 Month (%)
2.12
2.10
-0.02
2.02
-0.09
RIAIF Umbrella Sub-Fund
1 Year (%)
-0.86
-0.83
0.03
-1.12
-0.26
Domicile
3 Year (%)
25.29
25.61
0.32
24.48
-0.80
5 Year (%)
56.77
57.56
0.79
55.22
-1.55
10 Year (%)
96.27
97.91
1.64
91.67
-4.60
Ireland
Fund Facts
4.81 EUR as of 28 April
2017
Currency
EUR
Net Assets (millions)
103.76 EUR as of 28
April 2017
Inception Date
23 December 1996
Investment Style
Active
Zone
Eurozone
Settlement
DD+3
Notification Deadline
AVD 10AM Dublin Time
Minimum Initial Investment N/A
Minimum Subsequent
N/A
NAV
Investment
Management Fees1
Actual TER
Charge
Due to the fund
Paid to third parties
0.30%
0.36% as of 28 February
2017
Subscription
Redemption
N/A
None
N/A
None
The management fee displayed shows the highest fee across
all share classes for this fund. For more information on other
share classes and their associated fee's, please refer to the fund
supplement. Please note that the performance figures contained
herein are since inception of the shareclass. Members of Defined
Contribution (DC) or Additional Voluntary Contribution schemes
should refer to their plan documentation to confirm the fees
applicable for their plan.
1
Calendar
2017 (year to date)
-2.63
-2.60
0.03
-2.69
-0.06
2016
6.95
6.85
-0.11
6.53
-0.43
2015
2.27
1.97
-0.29
1.67
-0.60
2014
28.92
29.86
0.94
29.47
0.55
2013
1.58
1.54
-0.03
1.24
-0.33
2012
17.80
17.81
0.01
17.45
-0.35
Source: SSGA.
Fund and benchmark performance currency displayed in EUR.
The gross performance figures contained herein are gross of the management fee but net of all other expenses.
Performance returns for periods of less than one year are not annualised. The performance includes the reinvestment of
dividends and other corporate earnings and is calculated in the stated currency. Index returns reflect capital gains and losses,
income, and the reinvestment of dividends.
Annualised Performance
%
12.00
10.00
8.00
6.00
4.00
2.00
0.00
-2.00
-4.00
-6.00
Fund Gross
Benchmark
Fund Net
0.11
0.09
0.09
Difference
from
Benchmark
0.03
1 Year (%)
3 Year (%)
5 Year (%)
10 Year (%)
Source: SSGA.
Fund Characteristics
Average Coupon (%)
Average Maturity (Years)
Average Yield To Worst (%)
Current Yield (%)
Effective Convexity
Effective Duration
Yield to Maturity (%)
Option Adjusted Spread (bps)
Number of Issues
Fund
Benchmark
4.31
18.99
1.68
3.05
2.78
14.12
1.68
96.90
83
4.11
19.01
1.66
2.96
2.82
14.37
1.66
95.90
102
Source: SSGA.
Warning: Past performance is not a reliable guide to future performance.
Warning: This product may be affected by changes in currency exchange rates.
Warning: Risk Warnings/Important Information: This document should be read in
conjunction with the Fund Prospectus and Fund Supplement which contains more
information regarding the fees, expenses and risks involved in your investment.
Please note that full details of underlying fund holdings can now be found on www.ssga.com
State Street IUT Euro Government Long Bond Fund
Country Allocation
Fund
(%)
Benchmark
(%)
Other
24.87
23.52
15.64
12.99
9.11
6.16
3.52
1.21
1.06
0.99
0.91
25.19
23.35
17.13
12.68
8.96
6.13
3.43
1.16
1.02
0.95
Total
100.00
100.00
Fund
(%)
Benchmark
(%)
22.86
38.57
2.10
36.52
-0.04
23.26
38.60
2.11
36.03
-
100.00
100.00
Fund
(%)
Benchmark
(%)
1.01
0.04
64.93
34.01
64.32
35.68
100.00
100.00
France
Italy
Germany
Spain
Belgium
Netherlands
Austria
Ireland
Finland
European Union
30 April 2017
Sector Allocation
Treasury
Cash
Agency
Non Corporates
Total
Fund
(%)
Benchmark
(%)
98.99
1.01
-
99.72
0.16
0.12
100.00
100.00
State Street Global Advisors
For More Information
Visit our website www.ssga.com or
contact your representative SSGA
office.
SSGA Ireland
+353 (1) 776 3043/ +353 (1) 776
3029
Source: SSGA.
Source: SSGA.
Maturity Allocation
0 - 1 Year
7 - 10 Years
10 - 20 Years
> 20 Years
Total
Source: SSGA.
%
80
70
60
50
40
30
20
10
0
> 20 Years
Source: SSGA.
Below Baa
0
-10
Baa
Total
10
10 - 20 Years
Below Baa
20
A
Baa
30
Aa
A
40
7 - 10 Years
Aa
%
50
Aaa
Aaa
0 - 1 Year
Credit Rating Exposure
Allocation
Warning: If you invest in this product you may lose some or all of the money you
invest.
Warning: The value of your investment may go down as well as up.
This material is for your private information.
Ireland: State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Incorporated and registered in Ireland at Two Park Place, Upper Hatch Street, Dublin 2. Registered
Number: 145221. Member of the Irish Association of Investment Managers. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300.
The State Street Ireland Unit Trust was authorised by the Central Bank of Ireland as unit trust pursuant to the Unit Trusts Act, 1990 and the European Communities (Alternative Investment Fund Managers
Directive) Regulations 2013 (as amended) as a Retail Investor Alternative Investment Fund on 30 June 2015. This document should be read in conjunction with its Prospectus and Supplement. All
transactions should be based on the latest available Prospectus and Supplement which contain more information regarding the charges, expenses and risks involved in your investment. Prospective
investors may obtain these reports free of charge from State Street Global Advisors Ireland Limited Two Park Place, Upper Hatch Street, Dublin 2. Telephone 353 (0)1 7763000. Facsimile 353 (0)1
7763300 or at www.SSGA.com.
Characteristics, holdings, country allocations and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a
particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of SSGA
which may differ from the official books and records of the custodian. Past performance not a guarantee of future results.
The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2004/39/EC) and it should not be relied on as such. It should
not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor's particular investment objectives, strategies, tax status, risk
appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor. All material has been obtained from sources believed to be reliable.
There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.
The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the European
Communities (Markets in Financial Instruments) Regulations 2007. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote
the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.
Rounding differences may occur as asset values are calculated to greater than one decimal place.
Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or
from economic or political instability in other nations.
Investing involves risk including the risk of loss of principal. Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually
fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may
be subject to a substantial gain or loss.
International Government bonds and corporate bonds generally have more moderate short-term price fluctuations than stocks, but provide lower potential long-term returns.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent. Diversification does not ensure a
profit or guarantee against loss.
BofA Merrill Lynch, used with permission. BofA Merrill Lynch is licensing the BofA Merrill Lynch Indices "as is," makes no warranties regarding same, does not guarantee the suitability, quality, accuracy,
timeliness, and/or completeness of the BofA Merrill Lynch Indices or any data included in, related to, or derived therefrom, assumes no liability in connection with their use and does not sponsor, endorse
or recommend SSGA Ireland Limited, or any of its products or services.
©
2017 STATE STREET CORPORATION. ALL RIGHTS RESERVED.
11/05/2017 Expiration Date:20/06/2017