State Street Target Retirement 2060 Fund Class K (SSDYX)
| Fund Assets | 1.24B |
| Expense Ratio | 0.09% |
| Min. Investment | $0.00 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 3.86% |
| Dividend Growth | 61.54% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 13.18 |
| YTD Return | -14.98% |
| 1-Year Return | -11.02% |
| 5-Year Return | 33.13% |
| 52-Week Low | 13.34 |
| 52-Week High | 17.20 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | Sep 30, 2014 |
About SSDYX
The State Street Target Retirement 2060 Fund Class K is a target-date mutual fund designed for individuals anticipating retirement around the year 2060. Its primary function is to provide a diversified, all-in-one investment solution that automatically adjusts its asset allocation as the target retirement date approaches. Early in its lifecycle, the fund maintains a high equity allocation—approximately 90%—to pursue long-term capital growth, with exposure to both U.S. and international stocks, complemented by smaller allocations to fixed income securities and cash equivalents. As the retirement date nears, the fund's portfolio gradually shifts toward a more conservative mix aimed at preserving capital and generating income, aligning with the needs of retirees beginning to draw down their savings. The fund operates as a fund-of-funds, investing primarily in other State Street mutual funds and ETFs to achieve broad diversification across global markets. With a low expense ratio and automatic rebalancing, the State Street Target Retirement 2060 Fund Class K serves as a comprehensive, set-it-and-forget-it option for long-term retirement savers, making it a significant offering within the target-date fund category.
Performance
SSDYX had a total return of -11.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.45%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VTTSX | Vanguard | Vanguard Target Retirement 2060 Fund | 0.08% |
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Global All Cap Equity ex-U.S.Index Portfolio | SSGVX | 39.28% |
| State Street Equity 500 Index II Portfolio | SSEYX | 38.14% |
| State Street Small/Mid Cap Equity Index Portfolio | SSMHX | 12.72% |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 9.60% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.6636 | Dec 27, 2024 |
| Dec 27, 2023 | $0.4108 | Dec 27, 2023 |
| Dec 28, 2022 | $0.5401 | Dec 28, 2022 |
| Dec 29, 2021 | $0.3268 | Dec 29, 2021 |
| Dec 30, 2020 | $0.2994 | Dec 30, 2020 |
| Dec 30, 2019 | $0.4087 | Dec 30, 2019 |