State Street Target Retirement 2040 I (SSCNX)
| Fund Assets | 3.16B |
| Expense Ratio | 0.29% |
| Min. Investment | $0.00 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.70 |
| Dividend Yield | 4.32% |
| Dividend Growth | 39.27% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 16.25 |
| YTD Return | 15.10% |
| 1-Year Return | 16.08% |
| 5-Year Return | 55.57% |
| 52-Week Low | 12.90 |
| 52-Week High | 16.25 |
| Beta (5Y) | n/a |
| Holdings | 8 |
| Inception Date | Sep 30, 2014 |
About SSCNX
State Street Target Retirement 2040 Fund Class I is a target-date mutual fund designed to provide long-term capital growth and income for individuals planning to retire around the year 2040. Managed by State Street Global Advisors, the fund employs a diversified, allocation-based strategy by investing primarily in other State Street funds, which collectively span global equities, fixed income, and, to a lesser extent, alternative asset classes. Its glide path gradually shifts from higher equity exposure to more conservative fixed income holdings as the 2040 retirement date approaches, aiming to balance growth and risk to meet retirees’ evolving needs. This fund serves as a comprehensive investment solution for investors seeking automatic asset allocation adjustments over time, thus helping simplify the retirement planning process. With a competitive expense ratio and low minimum investment requirement, it is accessible to a wide range of retirement savers. The State Street Target Retirement 2040 Fund Class I plays a significant role in the retirement market by offering a professionally managed, diversified portfolio intended to support income needs both leading up to and throughout retirement.
Performance
SSCNX had a total return of 16.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.52%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VFORX | Vanguard | Vanguard Target Retirement 2040 Fund | 0.08% |
Top 10 Holdings
101.25% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Equity 500 Index II | SSEYX | 36.73% |
| State Street Glb All Cap Eq ex-US Idx | SSGVX | 33.62% |
| State Street Aggregate Bond Idx | SSAFX | 10.56% |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 9.81% |
| State Street Small/Mid Cap Equity Index | SSMHX | 8.12% |
| SPDR Bloomberg High Yield Bond ETF | JNK | 2.16% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.21% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.7012 | Dec 27, 2024 |
| Dec 27, 2023 | $0.5035 | Dec 27, 2023 |
| Dec 28, 2022 | $0.6326 | Dec 28, 2022 |
| Dec 29, 2021 | $0.2614 | Dec 29, 2021 |
| Dec 30, 2020 | $0.6646 | Dec 30, 2020 |
| Dec 30, 2019 | $0.7985 | Dec 30, 2019 |