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State Street Target Retirement Fund
mutual fund
SSFOX
Payout Change
Pending
Price as of:
$11.45
+0.03
+0.26%
primary theme
Target Date
share class
SSFOX (Mutual Fund)
State Street Target Retirement Fund
Payout Change
Pending
Price as of:
$11.45
+0.03
+0.26%
primary theme
Target Date
share class
SSFOX (Mutual Fund)
State Street Target Retirement Fund
Payout Change
Pending
Price as of:
$11.45
+0.03
+0.26%
primary theme
Target Date
share class
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.6%
1 yr return
12.6%
3 Yr Avg Return
1.7%
5 Yr Avg Return
4.8%
Net Assets
$668 M
Holdings in Top 10
100.3%
52 WEEK LOW AND HIGH
$11.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SSFOX - Profile
Distributions
- YTD Total Return 7.6%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.40%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameState Street Target Retirement Fund
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateSep 30, 2014
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Narkiewicz
Fund Description
SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, manages the Target Retirement Fund using a proprietary asset allocation strategy. The Fund is a “fund of funds” that invests in a combination of mutual funds and ETFs sponsored by the Adviser or its affiliates (the “Underlying Funds”). The Underlying Funds may invest in a wide variety of asset classes, including equity and fixed-income securities of issuers anywhere in the world, including emerging markets investments, and including, among others, high yield, commodity, and real estate investments. The Underlying Funds may invest in obligations of domestic U.S. issuers, non-U.S. issuers, or both.
The Fund's assets are allocated among the Underlying Funds according to a target asset allocation strategy that emphasizes fixed income, but also includes a smaller allocation to equity and certain other asset classes. The Fund is intended for use as part of an overall investment strategy by an investor who is already in retirement.
The Underlying Funds employ a wide array of investment styles. For example, the Underlying Funds can buy and sell common stocks of companies of any size, corporate bonds of varying credit quality, U.S. government and agency bonds, mortgage- and asset-backed securities, commodities, real estate and money market instruments. They may hold U.S. or non-U.S. investments. The Underlying Funds may use derivative instruments of any kind, including futures contracts, forward currency contracts, credit default swaps, interest rate swaps and commodities-related derivatives. Derivatives may be used by an Underlying Fund for hedging or risk management purposes, as a substitute for direct investment, or otherwise to seek to enhance the Underlying Fund's total return.
The following table shows the Fund's strategic target allocations to the Underlying Funds as of the date of this Prospectus.
| Underlying Funds | Target Retirement Fund |
| State Street Equity 500 Index II Portfolio | 15.57 % |
| State Street Small/Mid Cap Equity Index Portfolio | 2.93 % |
| State Street Global All Cap Equity ex‑U.S. Index Portfolio | 11.50 % |
| State Street Aggregate Bond Index Portfolio | 20.00 % |
| SPDR Bloomberg 1‑10 Year TIPS ETF | 18.00 % |
| SPDR Bloomberg High Yield Bond ETF | 7.00 % |
| SPDR Dow Jones Global Real Estate ETF | 5.00 % |
| SPDR Portfolio Long Term Treasury ETF | 0.00 % |
| SPDR Portfolio Short Term Treasury ETF | 16.00 % |
| SPDR Portfolio Short Term Corporate Bond ETF | 4.00 % |
The Fund's actual allocations are expected to differ over time. The Adviser periodically reviews the Fund's target allocations to underlying investment options and may, at any time, in its discretion, change the target allocations or deviate from the target allocations when it believes doing so is appropriate to pursue the Fund's investment objective. The Adviser may modify the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. The table is presented for illustrative purposes only. More current information regarding the Fund's allocations may be available on its website: www.ssga.com.
SSFOX - Performance
Return Ranking - Trailing
| Period | SSFOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | 0.0% | 12.8% | 35.29% |
| 1 Yr | 12.6% | 2.5% | 15.6% | 35.29% |
| 3 Yr | 1.7%* | -8.2% | 4.0% | 14.52% |
| 5 Yr | 4.8%* | -6.5% | 5.9% | 5.52% |
| 10 Yr | 4.6%* | 1.7% | 5.2% | 8.64% |
* Annualized
Return Ranking - Calendar
| Period | SSFOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.2% | -9.8% | 12.8% | 54.30% |
| 2022 | -16.5% | -38.3% | -3.8% | 59.14% |
| 2021 | 0.9% | -9.1% | 10.3% | 26.63% |
| 2020 | 8.5% | -13.4% | 12.6% | 12.88% |
| 2019 | 10.3% | -1.1% | 13.9% | 24.09% |
Total Return Ranking - Trailing
| Period | SSFOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | 0.0% | 12.8% | 35.29% |
| 1 Yr | 12.6% | 2.5% | 15.6% | 35.29% |
| 3 Yr | 1.7%* | -8.2% | 4.0% | 14.52% |
| 5 Yr | 4.8%* | -6.5% | 5.9% | 5.52% |
| 10 Yr | 4.6%* | 1.7% | 5.2% | 8.64% |
* Annualized
Total Return Ranking - Calendar
| Period | SSFOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.8% | -9.8% | 15.4% | 41.40% |
| 2022 | -12.1% | -16.9% | -2.9% | 55.38% |
| 2021 | 7.9% | -3.8% | 10.3% | 17.93% |
| 2020 | 10.3% | -13.4% | 16.6% | 40.49% |
| 2019 | 14.0% | 4.7% | 25.2% | 48.91% |
NAV & Total Return History
SSFOX - Holdings
Concentration Analysis
| SSFOX | Category Low | Category High | SSFOX % Rank | |
|---|---|---|---|---|
| Net Assets | 668 M | 3.58 M | 35.6 B | 27.81% |
| Number of Holdings | 11 | 2 | 1478 | 78.61% |
| Net Assets in Top 10 | 663 M | 2.94 M | 35.5 B | 20.32% |
| Weighting of Top 10 | 100.32% | 4.6% | 124.2% | 6.70% |
Top 10 Holdings
- State Street Aggregate Bond Index Portfolio 19.82%
- SPDR Bloomberg 1-10 Year TIPS ETF 18.01%
- State Street Equity 500 Index II Portfolio 16.06%
- SPDR Portfolio Short Term Treasury ETF 15.81%
- State Street Global All Cap Equity ex-U.S. Index Portfolio 11.50%
- SPDR Bloomberg High Yield Bond ETF 6.99%
- SPDR Dow Jones Global Real Estate ETF 5.08%
- SPDR Portfolio Short Term Corporate Bond ETF 4.00%
- State Street Small/Mid Cap Equity Index Portfolio 2.82%
- State Street Institutional US Government Money Market Fund 0.23%
Asset Allocation
| Weighting | Return Low | Return High | SSFOX % Rank | |
|---|---|---|---|---|
| Stocks | 100.08% | 0.00% | 100.15% | 6.42% |
| Convertible Bonds | 0.71% | 0.00% | 6.56% | 52.94% |
| Cash | 0.24% | -24.70% | 53.61% | 63.10% |
| Preferred Stocks | 0.00% | 0.00% | 11.70% | 9.09% |
| Other | 0.00% | 0.00% | 5.62% | 29.95% |
| Bonds | 0.00% | 0.00% | 109.30% | 51.87% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SSFOX % Rank | |
|---|---|---|---|---|
| Real Estate | 18.22% | 1.86% | 19.30% | 5.33% |
| Technology | 16.66% | 16.20% | 25.61% | 90.00% |
| Financial Services | 13.11% | 11.53% | 20.26% | 90.00% |
| Healthcare | 10.40% | 6.38% | 14.87% | 80.00% |
| Consumer Cyclical | 9.33% | 4.61% | 13.00% | 92.67% |
| Industrials | 8.95% | 7.75% | 12.84% | 87.33% |
| Consumer Defense | 6.22% | 4.27% | 8.57% | 57.33% |
| Communication Services | 6.19% | 4.20% | 8.42% | 79.33% |
| Basic Materials | 4.36% | 2.71% | 8.17% | 77.33% |
| Energy | 4.01% | 2.88% | 13.48% | 76.67% |
| Utilities | 2.56% | 1.85% | 8.79% | 76.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SSFOX % Rank | |
|---|---|---|---|---|
| US | 100.08% | 0.00% | 100.15% | 6.42% |
| Non US | 0.00% | 0.00% | 17.40% | 12.30% |
SSFOX - Expenses
Operational Fees
| SSFOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.26% | 0.05% | 13.27% | 70.97% |
| Management Fee | 0.05% | 0.00% | 0.79% | 26.86% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.03% |
| Administrative Fee | 0.05% | 0.01% | 0.29% | 17.14% |
Sales Fees
| SSFOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| SSFOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SSFOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 0.00% | 121.26% | 55.41% |
SSFOX - Distributions
Dividend Yield Analysis
| SSFOX | Category Low | Category High | SSFOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.21% | 0.00% | 9.37% | 93.58% |
Dividend Distribution Analysis
| SSFOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SSFOX | Category Low | Category High | SSFOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.40% | -0.06% | 5.71% | 13.71% |
Capital Gain Distribution Analysis
| SSFOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.366 | OrdinaryDividend |
| Dec 27, 2023 | $0.202 | CapitalGainLongTerm |
| Dec 28, 2022 | $0.524 | OrdinaryDividend |
| Dec 29, 2021 | $0.837 | OrdinaryDividend |
| Dec 30, 2020 | $0.195 | OrdinaryDividend |
| Dec 30, 2019 | $0.315 | OrdinaryDividend |
| Dec 30, 2019 | $0.056 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.154 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.286 | OrdinaryDividend |
| Dec 26, 2017 | $0.001 | CapitalGainShortTerm |
| Dec 26, 2017 | $0.091 | CapitalGainLongTerm |
| Dec 26, 2017 | $0.201 | OrdinaryDividend |
| Dec 27, 2016 | $0.000 | CapitalGainShortTerm |
| Dec 27, 2016 | $0.012 | CapitalGainLongTerm |
| Dec 27, 2016 | $0.174 | OrdinaryDividend |
| Dec 28, 2015 | $0.010 | CapitalGainShortTerm |
| Dec 28, 2015 | $0.001 | CapitalGainLongTerm |
| Dec 28, 2015 | $0.190 | OrdinaryDividend |
| Dec 29, 2014 | $0.045 | OrdinaryDividend |
| Dec 29, 2014 | $0.000 | CapitalGainShortTerm |
SSFOX - Fund Manager Analysis
Managers
Michael Narkiewicz
Start Date
Tenure
Tenure Rank
Jan 25, 2018
4.35
4.4%
Michael Narkiewicz is a Principal of SSGA and SSGA FM and a Portfolio Manager in the Investment Solutions Group (ISG), where he is responsible for implementing customized investment approaches, including strategic and tactical multi-asset class solutions, for institutional clients. Prior to his current role, Mr. Narkiewicz was a portfolio specialist within the Global Product and Marketing Group. In that role, he focused on supporting passive equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies. Before joining SSGA, Mr. Narkiewicz was a senior portfolio analyst at Shepherd Kaplan and an equity trader at Congress Asset Management. He holds a Bachelor of Science degree in Finance from Bentley University and a Master of Business Administration with a concentration in Finance from the D’Amore-McKim School of Business at Northeastern University.
Seamus Quinn
Start Date
Tenure
Tenure Rank
Apr 30, 2022
0.08
0.1%
Seamus Quinn, CFA, CAIA, is a Principal of SSGA and the Adviser and a Portfolio Manager in the Investment Solutions Group (ISG). He is responsible for the development and investment management of a variety of customized multi-asset class portfolios, including strategic, tactical, and exposure management strategies. Mr. Quinn joined SSGA in 2012 and has been part of ISG since 2017. Prior to joining ISG, Mr. Quinn was a portfolio analyst in the Fixed Income Operations team. Prior to his role at SSGA, Mr. Quinn worked at State Street Corporation as a fund accountant. Mr. Quinn holds a Bachelor of Science degree in Finance from the University of Massachusetts. He has earned the Chartered Financial Analyst (CFA) and the Chartered Alternative Investment Analyst (CAIA) designations and is a member of the CFA Institute, CFA Society Boston, Inc., and the CAIA Association.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 6.48 | 3.75 |
