Fund Evaluator:

Elfun Trusts Overview

Elfun Trusts (ELFNX) is an actively managed U.S. Equity Large Blend fund. State Street Investment Management launched the fund in 1935.

The investment seeks long-term growth of capital and future income rather than current income. The fund seeks to achieve its investment objectives by investing in equity securities of U.S. companies. The adviser considers a company to be a U.S. company if it generates at least 50% of its revenues or profits from business activities in the U.S., has at least 50% of its assets situated in the U.S. or has the principal trading market for its securities in the U.S.

About Elfun Trusts (ELFNX)

There are 1 members of the management team with an average tenure of 6.84 years: Chris Sierakowski (2019). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Elfun Trusts has 44 securities in its portfolio. The top 10 holdings constitute 50.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Elfun Trusts is part of the Equity global asset class and is within the U.S. Equity fund group. Elfun Trusts has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Elfun Trusts has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $4 billion in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ELFNX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Elfun Trusts expense ratio is low compared to funds in the Large Blend category. Elfun Trusts has an expense ratio of 0.17%, which is 79% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Elfun Trusts has a portfolio turnover rate of 30%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of June 2026, Elfun Trusts returned -2.0%, which earned it a grade of F, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Elfun Trusts has a trailing yield of 0.78%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Elfun Trusts Grades

Year to date, the fund has returned 4.7%, 4.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 16.3% over the past year (grade of D), 20.0% over the past three years (grade of B) and 12.4% per year over the past five years (grade of C) and 16.4% per year over the past 10 years (grade of A).

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