State Street Target Retirement 2055 R3 (SSAWX)
| Fund Assets | 1.78B |
| Expense Ratio | 0.59% |
| Min. Investment | $0.00 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 3.66% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 17.01 |
| YTD Return | 10.68% |
| 1-Year Return | 15.35% |
| 5-Year Return | n/a |
| 52-Week Low | 13.82 |
| 52-Week High | 17.10 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Feb 28, 2022 |
About SSAWX
The State Street Target Retirement 2055 Fund – Class R3 is a target-date mutual fund designed for individuals planning to retire around the year 2055. Its primary objective is to achieve long-term capital growth and income by employing a "fund of funds" structure. The fund invests in a diverse mix of underlying State Street mutual funds and ETFs, with asset allocation tailored to become more conservative as the target retirement date approaches. Initially, the portfolio maintains a high allocation to equities to pursue growth, gradually shifting towards a greater emphasis on fixed income and cash equivalents as 2055 nears. Notable underlying holdings include large-cap U.S. equities, international equities, small- and mid-cap stocks, as well as exposure to government securities and money market instruments. This dynamic approach is intended to balance growth potential with risk management throughout the investment horizon, making it a popular choice for retirement accounts and long-term savers seeking a simplified, professionally managed path to retirement readiness.
Performance
SSAWX had a total return of 15.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.51%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FQLSX | Fidelity | Fidelity Flex Freedom Blend 2055 Fund | 0.01% |
| FTYPX | Fidelity | Fidelity Freedom Index 2055 Premier | 0.05% |
| FCTKX | Fidelity | Fidelity Freedom 2055 Fund - Class K6 | 0.46% |
| FIJSX | Fidelity | Fidelity Advisor Freedom 2055 Fund - Class Z | 0.65% |
| FHTEX | Fidelity | Fidelity Advisor Freedom Blend 2055 Fund - Class M | 1.00% |
Top 10 Holdings
99.87% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Global All Cap Equity ex-U.S.Index Portfolio | SSGVX | 40.37% |
| State Street Equity 500 Index II Portfolio | SSEYX | 34.35% |
| State Street Small/Mid Cap Equity Index Portfolio | SSMHX | 14.65% |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 10.14% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.32% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.6266 | Dec 27, 2024 |
| Dec 27, 2023 | $0.3716 | Dec 27, 2023 |