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10.06
+0.01
+0.10%
- Morningstar Rating:
- Total Assets: 969.25M
Elfun Tax-Exempt Income
10.06
+0.01
+0.10%
- Overview
- Profile
- Historical Data
- Holdings
Elfun Tax-exempt Income Fund Overview
On this page you'll find an in-depth profile of Elfun Tax-exempt Income Fund. Learn about the key management, total assets, investment strategy and contact information of ELFTX among other information.
Investment Strategy
The investment seeks a high level of current interest income exempt from federal income taxation as is available from a concentration of investments in municipal bonds consistent with prudent investment management and the preservation of capital. The fund invests primarily in investment-grade municipal obligations. At least 80% of the fund's income is exempt from both regular federal income taxes and the federal alternative minimum tax. It will have an effective duration of 75% to 125% of the duration of the Bloomberg U.S. Municipal Bond Index. The fund also may invest to a lesser extent in tax-free or taxable money market instruments and may hold cash.
Contact Information
Address
One Congress Street, Suite 1,
Boston,MA 02114-2016
United States
Boston,MA 02114-2016
United States
Phone
617-664-7338
Web
www.ssga.com
Top Executives
| Name | Title | Since | Until |
|---|---|---|---|
| Stella DeLucia | - | 2019 | Now |
| Biography | Stella DeLucia is a Managing Director of SSGA and SSGA Funds Management, Inc. and a Senior Portfolio Manager in the Fixed Income Insurance Team. Ms. DeLucia joined SSGA in July 2016 through its acquisition of GEAM. Ms. DeLucia started managing municipal portfolios in 1989 when she worked at Alliance Bernstein managing national and state specific municipal mutual funds. Upon joining GEAM in 1994, she managed total return municipal portfolios for multiple insurance clients. Ms. DeLucia holds a Bachelor of Science from Cornell University and a Master of Business Administration from the Stern School of Business at New York University. | ||
| Arthur Aaronson | Vice President | 2019 | Now |
| Biography | Arthur Aaronson is a Vice President of SSGA and the Adviser and a Portfolio Manager in the Global Fixed Income Solutions group focusing on Tax Exempt and Taxable Municipal securities. Mr. Aaronson joined SSGA in July 2016 through its acquisition of GE Asset Management (“GEAM”). He was a Portfolio Manager in the Insurance Asset Management Group prior to assuming his role on the Municipal team. He joined GEAM in 2002 as an Assistant Portfolio Manager. Prior to GEAM, he spent 11 years at the Princeton Insurance Companies as Vice President of Investments. Previous to his tenure at Princeton, he was Chief Financial Officer for Propac Underwriters and spent several years at Pannell Kerr Forster, a national public accounting firm. Mr. Aaronson has a Bachelor of Science in Accounting and Law from Clarkson University and is a Certified Public Accountant and a member of the Pennsylvania Institute of Certified Public Accountants. | ||
| Steven Chung | - | 2019 | 2019 |
| Biography | Steven Chung, CFA, is a Vice President of SSGA and the Adviser and a Portfolio Manager in the Fixed Income Cash, and Currency team. Previously, he served as the lead analyst for municipal research and assisted all aspects of portfolio management for the Elfin Tax Exempt Income Fund since joining GE Asset Management (“GEAM”). Mr. Chung joined SSGA in July 2016 through its acquisition of GEAM. Prior to joining GEAM as a senior research analyst, he served as a municipal research analyst for Hartford Investment Management Company (HIMCO). His experience also includes having served as a public finance investment banker at various national firms for a decade. He has spent his entire professional career in the municipal industry. Mr. Chung has a Bachelor of Arts in Economics from Northwestern University and is a Chartered Financial Analyst (CFA) charter holder. | ||
| Michael J. Caufield | Managing Director | 2000 | 2019 |
| Biography | Michael J. Caufield is a Managing Director of SSGA and a Senior Portfolio Manager in The Investment Management Group. He has served as a portfolio manager since October 2000. Mr. Caufield joined SSGA through its acquisition of GEAM in July 2016. He joined GEAM in 1987 as Vice President, Manager Fixed Income Research & Analysis and promoted to Senior Vice President in 1994. He has over 37 years’ experience in the Municipal Bond Market. Prior to joining GEAM, Mr. Caufield was Vice President and Director of Tax Exempt Unit Investment Trust Research at E.F. Hutton & Company for five years and a Credit analyst at Moody’s and Dun & Bradstreet for five years. Mr. Caufield received his BS in Finance from Fordham University. | ||
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