State Street Target Retirement 2045 K (SSDEX)
| Fund Assets | 3.01B |
| Expense Ratio | 0.09% |
| Min. Investment | $0.00 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.75 |
| Dividend Yield | 4.30% |
| Dividend Growth | 46.72% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 17.34 |
| YTD Return | 16.78% |
| 1-Year Return | 13.99% |
| 5-Year Return | 58.37% |
| 52-Week Low | 13.45 |
| 52-Week High | 17.54 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Sep 30, 2014 |
About SSDEX
State Street Target Retirement 2045 Fund Class K is a target-date mutual fund designed for investors planning to retire around the year 2045. This fund employs a "fund of funds" structure, investing in a diversified mix of underlying State Street mutual funds and ETFs that span U.S. and international equities, as well as fixed income securities. Its asset allocation follows a preset glide path, gradually shifting from a higher concentration in stocks toward more conservative holdings like bonds and cash equivalents as the target retirement date nears. The fund’s primary objective is to achieve long-term capital growth and income by balancing risk and return appropriate for investors decades from retirement. State Street Target Retirement 2045 Fund Class K is actively managed, leveraging proprietary research and asset allocation strategies developed by the adviser, SSGA Funds Management, Inc. The fund maintains a very low expense ratio, positioning it as a cost-effective option in the target-date category, and allots nearly all assets to its top holdings, reflecting a focused and strategic portfolio construction. Its design supports retirement planning by automatically adjusting its risk profile over time, offering a hands-off investment solution for individuals with a horizon targeting mid-2040s retirement.
Performance
SSDEX had a total return of 13.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VTIVX | Vanguard | Vanguard Target Retirement 2045 Fund | 0.08% |
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Equity 500 Index II | SSEYX | 38.28% |
| State Street Glb All Cap Eq ex-US Idx | SSGVX | 34.55% |
| State Street Small/Mid Cap Equity Index | SSMHX | 9.83% |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 9.64% |
| State Street Aggregate Bond Idx | SSAFX | 7.42% |
| Ssi Us Gov Money Market Class State Street Inst Us Gov | n/a | 0.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.7452 | Dec 27, 2024 |
| Dec 27, 2023 | $0.5079 | Dec 27, 2023 |
| Dec 28, 2022 | $0.6626 | Dec 28, 2022 |
| Dec 29, 2021 | $0.8075 | Dec 29, 2021 |
| Dec 30, 2020 | $0.5918 | Dec 30, 2020 |
| Dec 30, 2019 | $0.7944 | Dec 30, 2019 |