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.
Fund Family State Street Investment Management
Category Target-Date 2040
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol SSCNX
Share Class Class I
Index Index is not available on Lipper Database
SSCNX had a total return of 11.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.74%.
