State Street Navigator Securities Lending Portfolio II

State Street Navigator Securities Lending Trust · Series S000063809

$13.65B NAV
121 positions · as of 2026-06-30 · filed 2026-08-28
data updated 2026-09-08

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

98.72%
of net assets
Cash & short-term97.02%
Bonds1.71%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 64 new65 exited

Largest new: JPMorgan Chase & Co., Landesbank Baden-Wuerttemberg/New York NY, TD Securities, Inc., Oversea-Chinese Banking Corp Ltd, BANK OF MONTREAL HEAD OFFICE, Lloyds Bank PLC, Anglesea Funding LLC, Ionic Funding LLC

Largest exited: JPMorgan Chase & Co., Landesbank Baden-Wuerttemberg/New York NY, TD Securities, Inc., AUST & NZ BANKING GROUP, BofA Securities, Inc., IONIC FUNDING LLC, NORINCHUKIN BK NEW YORK BRH IN, DNB BANK ASA

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+4.28%
3-year
+15.85%
5-year
+19.97%
Volatility
0.09%
Worst 3-yr fall
0.00%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
3.96%
Avg maturity
0.40 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

100%
floating
Floating rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.

Interest-rate duration
0.18 yr
approx. move per 100bp
Credit-spread duration
0.03 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ 0%
of value
Interest rates84%
Credit spreads16%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+0.03
yrs total
High yield+0.03 yr
Investment grade+0.00 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.

Interest rate0.18 yr total
3 mo5 yr
3 mo0.10 yr55%
1 yr0.06 yr34%
5 yr0.02 yr11%
Credit spread0.03 yr total
3 mo1 yr
3 mo0.02 yr70%
1 yr0.01 yr30%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.10+0.00+0.02$2.7k$30.4k
1 yr+0.06+0.00+0.01$1.5k$12.4k
5 yr+0.02+0.00+0.00$0$0
10 yr+0.00+0.00+0.00$0$0
30 yr+0.00+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
BNP Paribas Securities Corp.6.24%$852.00M
KBC BANK NV3.66%$500.00M
ABN AMRO BANK N.V.2.93%$400.00M
Societe Generale SA2.74%$374.00M
ROYAL BANK OF CANADA2.56%$350.00M
BNP Paribas Securities Corp.2.50%$341.00M
MIZUHO BANK, LTD. NEW YORK BRA1.87%$255.00M
Credit Agricole Securities USA, Inc.1.83%$250.00M
ING BANK NV1.83%$250.00M
CANADIAN IMPERIAL BANK OF COMM1.47%$200.00M
Showing 10 of 121Sign in to see more

Top 10 positions are 27.63% of net assets, top 25 44.92%, across 83 issuers.

See more of this fund's book

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