About SSFNX
State Street Target Retirement Fund Class I is a mutual fund structured as a target-date retirement solution, specifically designed to help investors manage their retirement savings as they approach and move through retirement. Its primary function is to seek current income while also aiming for capital growth over time. The fund employs a "fund of funds" approach, investing in a blend of underlying mutual funds and exchange-traded funds managed by State Street or its affiliates. This structure enables broad diversification across various asset classes, including U.S. and international equities, fixed income, inflation-protected securities, real estate, and cash equivalents.
The fund’s allocation strategy emphasizes fixed income, particularly as participants near and enter retirement, but it maintains some exposure to equities and other asset types to address the need for growth and inflation protection. Asset allocation shifts gradually along a predetermined "glide path" to balance risk and return as investors approach their target retirement date. With its institutional share class, the fund offers a low expense ratio and aims to deliver competitive long-term performance for retirement-focused investors. Overall, State Street Target Retirement Fund Class I plays a significant role in supporting retirement planning, offering a professionally managed, diversified portfolio that evolves with the investor’s stage in life.
Fund Family State Street Investment Management
Category Target-Date Retirement
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol SSFNX
Share Class Class I
Index Index is not available on Lipper Database
SSFNX had a total return of 9.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.34%.
