0001752724-24-052400.txt : 20240312 0001752724-24-052400.hdr.sgml : 20240312 20240312163514 ACCESSION NUMBER: 0001752724-24-052400 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240312 DATE AS OF CHANGE: 20240312 EFFECTIVENESS DATE: 20240312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELFUN TRUSTS CENTRAL INDEX KEY: 0000032339 ORGANIZATION NAME: IRS NUMBER: 136057455 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-00483 FILM NUMBER: 24742696 BUSINESS ADDRESS: STREET 1: 1600 SUMMER STREET CITY: STAMFORD STATE: CT ZIP: 06905 BUSINESS PHONE: 203-326-2373 MAIL ADDRESS: STREET 1: 1600 SUMMER STREET CITY: STAMFORD STATE: CT ZIP: 06905 0000032339 S000011821 ELFUN TRUSTS C000032303 Elfun Trusts elfnx N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000032339 XXXXXXXX 811-00483 false false false N-1A S000011821 C000032303 ELFUN TRUSTS 811-00483 0000032339 549300YBNVDH5320R485 One Iron Street Boston 02210 US-MA US 617-664-7037 State Street Bank and Trust Company 1 Congress Street Suite 1 Boston 02114 617-786-3000 Records related to its functions as custodian, sub-administrator, accounting agent and transfer agent N N N-1A 1 Y Michael A. Jessee N/A N Margaret K. McLaughlin N/A N Mark E. Swanson N/A N Donna M. Rapaccioli N/A N George M. Pereira N/A N John R. Costantino N/A N Patrick J. Riley N/A N Brian Harris 005599152 One Iron Street Boston 02110 XXXXXX N N N N N N N State Street Global Advisors Funds Distributors, LLC 8-44744 000030107 54ZMQ1M7YQYKOZC8E043 Y N Ernst & Young LLP 42 N/A N N N N N N N ELFUN TRUSTS S000011821 549300YBNVDH5320R485 N 1 0 0 N/A N N Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 Y N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) N N N N SSGA Funds Management, Inc. 801-60103 000111242 FT3UGI3NU6B7EELQF380 N U.S. Bancorp Fund Services, LLC 85-11357 N/A N N N S&P Global Inc. Y6X4K52KMJMZE7I7MY94 N London Stock Exchange Group PLC 213800QAUUUP6I445N30 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 13-3668779 Tax ID N Bloomberg L.P. 549300B56MD0ZC402L06 N N The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB Y Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 Y N Self - rule 17f-2 (17 CFR 270.17f-2) BNP Paribas R0MUWSFPU8MPRO8K5P83 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N U.S. Bancorp Fund Services, LLC 85-11357 SEC File Number N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 Y Y SSGA Funds Management, Inc. FT3UGI3NU6B7EELQF380 Y N N State Street Global Advisors Funds Distributors, LLC 8-44744 000030107 54ZMQ1M7YQYKOZC8E043 0.00000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 28849.66000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 36302.40000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 20248.91000000 Fidelity Brokerage Services LLC 8-23292 000007784 549300OQFQ4NFIOD5695 53179.58000000 Virtu Americas LLC 8-68193 000149823 549300RA02N3BNSWBV74 29228.40000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 51178.99000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 10656.43000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 17146.02000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 14052.28000000 Cantor Fitzgerald & Co. 8-201 000000134 5493004J7H4GCPG6OB62 20169.30000000 292805.86000000 State Street Bank and Trust Company N/A N/A 571474TGEMMWANRLN572 858560366.79000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 4406400.00000000 862966766.79000000 Y 3270639821.84538461 Committed 180000000.00000000 N N N N true INTERNAL CONTROL RPT 2 NCEN_811-00483_97405212_1223.htm n-cenletteril862elfunfunds.htm - Generated by SEC Publisher for SEC Filing

Report of Independent Registered Public Accounting Firm

 

To the Shareholders and Board of Trustees of Elfun International Equity Fund, Elfun Trusts, Elfun Diversified Fund, Elfun Tax-Exempt Income Fund, Elfun Income Fund and Elfun Government Money Market Fund

 

In planning and performing our audits of the financial statements of Elfun International Equity Fund, Elfun Trusts, Elfun Diversified Fund, Elfun Tax-Exempt Income Fund, Elfun Income Fund and Elfun Government Money Market Fund (collectively, the “Funds”) as of and for the year ended December 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

 

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

 

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2023.

 

This report is intended solely for the information and use of management and the Board of Trustees of Elfun International Equity Fund, Elfun Trusts, Elfun Diversified Fund, Elfun Tax-Exempt Income Fund, Elfun Income Fund, Elfun Government Money Market Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

 

/s/ Ernst & Young LLP

Boston, Massachusetts

February 23, 2024