State Street Target Retirement 2040 R3 (SSAKX)
| Fund Assets | 2.98B |
| Expense Ratio | 0.59% |
| Min. Investment | $0.00 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 4.14% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 15.62 |
| YTD Return | 9.22% |
| 1-Year Return | 10.12% |
| 5-Year Return | n/a |
| 52-Week Low | 13.07 |
| 52-Week High | 15.70 |
| Beta (5Y) | n/a |
| Holdings | 9 |
| Inception Date | Feb 28, 2022 |
About SSAKX
The State Street Target Retirement 2040 Fund - Class R3 is a target-date mutual fund designed to help investors save for retirement expected around the year 2040. Its primary purpose is to provide a balanced investment approach that adjusts over time: the portfolio is allocated more heavily toward equities in early years to pursue growth, then gradually shifts toward fixed income and cash equivalents as the target retirement date approaches, seeking to manage risk and preserve capital as investors near retirement age. The fund employs a diversified mix of underlying State Street index portfolios, spanning U.S. large-cap stocks, international equities, small and mid-cap stocks, as well as U.S. aggregate and long-term treasury bonds. Notable features include a low expense ratio and comprehensive global diversification across equity and fixed income sectors. Managed by SSGA Funds Management, Inc., this fund serves as a core investment vehicle within workplace retirement plans and individual retirement accounts, offering a streamlined solution for investors looking for a professionally managed, age-appropriate asset allocation that evolves automatically as retirement draws closer.
Performance
SSAKX had a total return of 10.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.34%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FTFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class M | 1.24% |
| FCFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class C | 1.74% |
| FAFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class A | 0.99% |
| FIJPX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class Z | 0.64% |
| FHJFX | Fidelity | Fidelity Advisor Freedom Blend 2040 Fund - Class I | 0.49% |
Top 10 Holdings
100.50% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Global All Cap Equity ex-U.S. Index Portfolio | n/a | 34.37% |
| State Street Equity 500 Index II Portfolio | n/a | 32.15% |
| State Street Aggregate Bond Index Portfolio | n/a | 11.49% |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 10.11% |
| State Street Small/Mid Cap Equity Index Portfolio | n/a | 9.67% |
| SPDR Bloomberg High Yield Bond ETF | JNK | 1.80% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.63% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.20% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.6463 | Dec 27, 2024 |
| Dec 27, 2023 | $0.4493 | Dec 27, 2023 |