Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The investment objective of the State Street Real Estate Securities V.I.S. Fund (the Fund) is maximum total return through current income and capital appreciation.
Strategy. The Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) under normal circumstances in equity securities, such as common and preferred stocks, and debt securities of U.S. issuers that are principally engaged in or related to the real estate industry, including those that own significant real estate assets. Shareholders will receive sixty (60) days' notice prior to a change in the 80% investment policy. The Fund does not invest directly in real estate. The Fund considers an issuer to be principally engaged in or principally related to the real estate industry if at least 50% of its assets (marked-to-market), gross income or net profits are attributable to … The Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) under normal circumstances in equity securities, such as common and preferred stocks, and debt securities of U.S. issuers that are principally engaged in or related to the real estate industry, including those that own significant real estate assets. Shareholders will receive sixty (60) days' notice prior to a change in the 80% investment policy. The Fund does not invest directly in real estate. The Fund considers an issuer to be principally engaged in or principally related to the real estate industry if at least 50% of its assets (marked-to-market), gross income or net profits are attributable to development, ownership, construction, management or sale of residential, commercial or industrial real estate, or to products or services related to the real estate industry. Issuers engaged in the real estate industry include equity real estate investment trusts ( REITs), mort gage REITs, real estate brokers and developers, companies that manage real estate and companies that own substantial amounts of real estate. Issuers in businesses related to the real estate industry include manufacturers and distributors of building supplies and financial institutions that issue or service mortgages. The Fund also may invest to a lesser extent in equity securities and debt securities of issuers outside the real estate industry. The Fund also may invest up to 35% of its assets in high yield securities (also known as junk bonds) and up to 20% of its assets in foreign securities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| WELLTOWER INC | — | $1.90M | 9.95% |
| EQUINIX INC | — | $1.63M | 8.56% |
| PROLOGIS INC REIT | — | $1.23M | 6.47% |
| DIGITAL REALTY TRUST INC | — | $955.11K | 5.01% |
| VENTAS INC REIT | — | $906.94K | 4.76% |
| PUBLIC STORAGE | — | $644.69K | 3.38% |
| EXTRA SPACE STORAGE INC | — | $621.56K | 3.26% |
| SIMON PROPERTY | — | $619.28K | 3.25% |
| REALTY INCOME CORP REIT | — | $606.91K | 3.18% |
| IRON MOUNTAIN INC | — | $600.89K | 3.15% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| CTIVP - CenterSquare Real Estate Fund | 98% | 0.82% |
| Cromwell CenterSquare Real Estate Fund · MRESX, MRASX | 88% | 0.77% |
| SIMT Real Estate Fund · SETAX, SEIRX, SREYX | 82% | 0.99% |
Advisers
| Firm | Role |
|---|---|
| SSGA Funds Management, Inc. | Adviser |
| CenterSquare Investment Management LLC | Sub-adviser |
Footnotes
- Expense ratio as of April 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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