About SSCQX
State Street Target Retirement 2040 Fund Class K is a target-date mutual fund designed for individuals planning to retire around the year 2040. Its primary function is to offer a diversified investment solution that gradually becomes more conservative as the target retirement date approaches. The fund achieves this by investing in a mix of underlying State Street mutual funds and ETFs, covering domestic and international equities, as well as fixed income and cash equivalents. Key holdings include large-cap equity, global ex-US equity, small/mid-cap equity, and a range of bond indices, allowing broad exposure across multiple sectors including technology, financial services, healthcare, and industrials. The fund's asset allocation strategy is actively managed to balance growth and income, seeking moderate capital appreciation with some principal stability as retirement nears. State Street Target Retirement 2040 Fund Class K plays a significant role in the retirement planning market, providing both individual and institutional investors with a simplified, professionally managed glide path to retirement by automatically adjusting its risk profile over time.
Fund Family State Street Investment Management
Category Target-Date 2040
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol SSCQX
Share Class Class K
Index Index is not available on Lipper Database
SSCQX had a total return of 11.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.93%.
