This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

State Street Investment Analytics Announces Master Trusts Universe Results For Third Quarter 2012

Stock quotes in this article: STT

State Street Corporation (NYSE: STT), today announced that the median return of the State Street Universe (SSU) of total plans gained 4.5 percent in the third quarter 2012. For the year ended September 30, 2012, the universe rose 15.8 percent. The SSU consists of a diverse range of funds custodied at State Street and funds provided by the Independent Consultants Cooperative (ICC). It includes approximately 900 total plans of a wide range of plan sponsors and the individual funds that comprise each plan. The 18,000 portfolios in the State Street Universe constitute a combined asset value of more than $2.3 trillion.

In the third quarter, total plans less than $1 billion edged out larger plans gaining 4.6 percent versus 4.5 percent, but for the year ended September 30, 2012 they outperformed larger plans by 0.3 percent rising 16.1 percent versus 15.8 percent. Corporate plans continued to outpace other plan types. They earned 5.0 percent in the third quarter and 17.4 percent for the year ending September 30, 2012. They also led the other plan types in the three- and five year periods, returning 9.5 percent and 2.8 percent, respectively. Endowments & Foundations lagged behind other plan types over the same periods. They gained 4.5 percent in third quarter (slightly below Public Funds) and 15.2 percent in the year ending September 30, 2012.

The State Street Universe (SSU)

Periods Ending September 30, 2012

       

Median Return

Universe Name

       

One Quarter

       

One Year

       

Three Years

       

Five Years

Master Trust Funds         4.5         15.8         8.9         2.5
Master Trust Funds > $1 Billion         4.5         15.2         9.4         2.2
Master Trusts < $1 Billion         4.6         16.1         8.9         2.7
Corporate Plans (DB)         5.0         17.4         9.5         2.8
Endowments & Foundations         4.5         15.2         8.9         2.2
Public Funds (DB)         4.6         16.4         9.2         2.4
Taft Hartley Plans (DB)         4.7         17.1         9.2         2.4

International and global equity and fixed income funds outperformed their US funds counterparts in the third quarter. International emerging market funds had the highest returns, rising 7.4 percent, but did not wipe out their second quarter loss of 8.0 percent, while international developed market funds gained 7.2 percent. US equity funds were up 6.2 percent. For the year ended September 30, 2012, US equity funds’ strong performance of 30.1 percent was more than 10 percent higher than international funds. International emerging market funds rose 17.6 percent and international developed market funds were up 16.2 percent. Over the last three and five years, US equity funds also outperformed international funds, posting a strong 13.3 percent return for the three year period – more than double the return of international funds – and a gain of 2.1 percent for five years versus losses for the international funds. Global fixed income funds outperformed US fixed income funds in both the third quarter and the year ending September 30, 2012. They earned 4.2 percent in the third quarter versus 2.5 percent for US fixed income funds, and 10.3 percent versus 8.8 percent for the year.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs