State Street Target Retirement 2060 R3 (SSAYX)
| Fund Assets | 1.37B |
| Expense Ratio | 0.59% |
| Min. Investment | $0.00 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 3.23% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 17.92 |
| YTD Return | 14.59% |
| 1-Year Return | 16.41% |
| 5-Year Return | n/a |
| 52-Week Low | 14.05 |
| 52-Week High | 17.99 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Feb 11, 2022 |
About SSAYX
The State Street Target Retirement 2060 Fund Class R3 is a mutual fund designed primarily for individuals planning to retire around the year 2060. As a target-date fund, its primary function is to provide long-term capital growth and income by dynamically adjusting its asset allocation over time to match the changing risk profiles typical of investors approaching retirement. The fund is structured as a "fund of funds," meaning it invests in a variety of underlying mutual funds and exchange-traded funds managed by State Street Global Advisors or its affiliates. These investments span major asset classes, with a focus on global equities and fixed income, ensuring broad market exposure and diversification. Notable underlying holdings have included U.S. large-cap equities, small/mid-cap equities, international equities, and long-term U.S. Treasury securities. The fund is actively managed, allowing for adjustments to its asset mix in response to market conditions and the passage of time. Its role in the financial market is to offer a diversified, professionally managed investment solution that automatically transitions to a more conservative portfolio as the target retirement date approaches, supporting investors’ long-term retirement planning needs.
Performance
SSAYX had a total return of 16.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.69%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
101.10% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Glb All Cap Eq ex-US Idx | SSGVX | 38.98% |
| State Street Equity 500 Index II | SSEYX | 38.90% |
| State Street Small/Mid Cap Equity Index | SSMHX | 13.14% |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 9.83% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.22% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.5805 | Dec 27, 2024 |
| Dec 27, 2023 | $0.3365 | Dec 27, 2023 |