SSBOX: State Street Target Retirement 2020 K

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

SSBOX State Street Target Retirement 2020 K

  • Fund
  • SSBOX
  • Price as of: Jan 17, 2020
  • $11.56
    + $0.01 + 0.09%

Profile

SSBOX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 8.5%
  • 5 Yr Annualized Return 6.2%
  • Net Assets $1.03 B
  • Holdings in Top 10 99.4%

52 WEEK LOW AND HIGH

$11.56
$10.60
$12.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    State Street Target Retirement 2020 Fund Class K
  • Fund Family Name
    State Street Global Advisors
  • Inception Date
    Sep 30, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles McGinn

Fund Description

SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM") manages the Target Retirement 2020 Fund using a proprietary asset allocation strategy. The fund is a "fund of funds" that invests in a combination of mutual funds and ETFs sponsored by the Adviser or its affiliates ("underlying funds"). It is intended for investors expecting to retire around the year 2020 and who are likely to stop making new investments in the fund at that time.


Get Updates About SSBOX

Sign up for Advisor Access to receive email updates about SSBOX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

Performance

SSBOX - Performance

Return Ranking - Trailing

Period SSBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.0% 2.8% 50.69%
1 Yr 17.5% -9.8% 25.8% 10.34%
3 Yr 8.5%* -4.5% 12.9% 15.54%
5 Yr 6.2%* -3.2% 9.4% 10.54%
10 Yr N/A* -5.9% 10.6% N/A

* Annualized

Return Ranking - Calendar

Period SSBOX Return Category Return Low Category Return High Rank in Category (%)
2019 10.7% -11.2% 23.6% 64.63%
2018 -9.3% -19.1% 0.0% 47.99%
2017 10.3% -12.3% 20.9% 48.04%
2016 5.5% -4.2% 7.5% 9.46%
2015 -3.8% -13.0% 0.0% 25.80%

Total Return Ranking - Trailing

Period SSBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.0% 2.8% 50.69%
1 Yr 17.5% -9.8% 25.8% 10.10%
3 Yr 8.5%* -4.3% 12.9% 21.08%
5 Yr 6.2%* -3.2% 9.4% 20.69%
10 Yr N/A* -4.0% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period SSBOX Return Category Return Low Category Return High Rank in Category (%)
2019 10.7% -11.2% 23.6% 65.00%
2018 -9.3% -19.1% 0.0% 66.27%
2017 10.3% -12.3% 24.1% 61.35%
2016 5.5% 0.0% 9.8% 43.75%
2015 -3.8% -9.4% 0.7% 67.16%

NAV & Total Return History


Holdings

SSBOX - Holdings

Concentration Analysis

SSBOX Category Low Category High SSBOX % Rank
Net Assets 1.03 B 10 46.6 B 34.71%
Number of Holdings 12 1 652 78.60%
Net Assets in Top 10 1.02 B 88.7 K 46.7 B 33.95%
Weighting of Top 10 99.39% 54.3% 111.3% 18.99%

Top 10 Holdings

  1. State Street Aggregate Bond Idx 24.36%
  2. State Street Equity 500 Index II 23.88%
  3. SPDR® Blmbg Barclays 1-10 Year TIPS ETF 17.40%
  4. State Street Glb All Cap Eq ex-US Idx 15.65%
  5. SPDR® Blmbg Barclays High Yield Bd ETF 6.71%
  6. SPDR® Dow Jones Global Real Estate ETF 4.79%
  7. State Street Small/Mid Cap Equity Index 4.75%
  8. SPDR® Portfolio Short Term Treasury ETF 1.26%
  9. SPDR® Portfolio Short Term Corp Bd ETF 0.36%
  10. SPDR® Portfolio Long Term Treasury ETF 0.24%

Asset Allocation

Weighting Return Low Return High SSBOX % Rank
Bonds
49.34% -40.53% 79.46% 41.31%
Stocks
47.99% 0.00% 93.38% 49.71%
Cash
2.45% -35.61% 112.41% 76.99%
Convertible Bonds
0.20% 0.00% 1.22% 48.33%
Other
0.02% -0.27% 100.00% 65.82%
Preferred Stocks
0.00% 0.00% 7.24% 95.74%

Stock Sector Breakdown

Weighting Return Low Return High SSBOX % Rank
Financial Services
15.69% 3.32% 23.03% 52.84%
Technology
14.21% 2.62% 22.78% 77.98%
Real Estate
13.85% 0.43% 62.85% 3.59%
Healthcare
11.16% 0.26% 18.93% 80.42%
Industrials
10.17% 1.02% 16.45% 79.49%
Consumer Cyclical
9.19% 1.88% 13.97% 80.76%
Communication Services
7.86% 0.21% 12.50% 34.07%
Consumer Defense
6.93% 1.02% 12.52% 85.52%
Energy
4.28% 0.59% 13.74% 71.73%
Basic Materials
3.79% 0.76% 7.37% 79.84%
Utilities
2.87% 0.00% 12.51% 70.57%

Stock Geographic Breakdown

Weighting Return Low Return High SSBOX % Rank
US
30.57% 0.00% 65.01% 53.05%
Non US
17.42% 0.00% 39.15% 48.68%

Bond Sector Breakdown

Weighting Return Low Return High SSBOX % Rank
Government
56.64% 0.21% 99.00% 7.65%
Corporate
24.97% 0.00% 61.96% 21.44%
Securitized
13.39% 0.00% 46.63% 76.13%
Cash & Equivalents
4.75% 0.72% 112.41% 95.25%
Municipal
0.24% 0.00% 31.11% 42.06%
Derivative
0.00% -82.56% 30.13% 89.34%

Bond Geographic Breakdown

Weighting Return Low Return High SSBOX % Rank
US
46.40% -52.61% 74.40% 31.88%
Non US
2.94% -34.01% 29.12% 68.01%

Expenses

SSBOX - Expenses

Operational Fees

SSBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.00% 108.50% 79.83%
Management Fee 0.05% 0.00% 0.77% 65.96%
12b-1 Fee 0.00% 0.00% 1.00% 9.30%
Administrative Fee 0.05% 0.01% 0.40% 25.68%

Sales Fees

SSBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SSBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SSBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 0.00% 207.00% 59.38%

Distributions

SSBOX - Distributions

Dividend Yield Analysis

SSBOX Category Low Category High SSBOX % Rank
Dividend Yield 0.00% 0.00% 1.21% 89.69%

Dividend Distribution Analysis

SSBOX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

SSBOX Category Low Category High SSBOX % Rank
Net Income Ratio 2.60% -0.45% 4.93% 15.83%

Capital Gain Distribution Analysis

SSBOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

SSBOX - Fund Manager Analysis

Managers

Charles McGinn


Start Date

Tenure

Tenure Rank

Sep 30, 2014

5.25

5.3%

Mr. McGinn is a Vice President of SSGA and a Portfolio Manager in the Investment Solutions Group (ISG), where he manages a variety of portfolios. Mr. McGinn has extensive experience in trading derivatives. In addition to managing several of the group's separate accounts. Mr. McGinn is part of the team responsible for managing the Target Retirement series of portfolios as well as being the lead portfolio manager of the group's Country Selection strategy. As the lead portfolio manager of the Country Selection strategy, Mr. McGinn is responsible for recommending all of the investment calls. Mr. McGinn is also an active participant in making tactical calls in all of the portfolios where ISG has been given discretion. In addition, Mr. McGinn is responsible for the management of the SEI Dynamic Asset Allocation Funds registered in the United Sates and the United Kingdom. Prior to his current role, Mr. McGinn was an operations analyst at SSGA, where he specialized in developed and emerging market equity funds. Mr. McGinn has been working in the investment management field since 1988. Mr. McGinn is a graduate of Salem State College, where he earned a Bachelor of Science in Business Administration.

Michael Narkiewicz


Start Date

Tenure

Tenure Rank

Jan 25, 2018

1.93

1.9%

Michael Narkiewicz is a Principal of SSGA and SSGA FM and a Portfolio Manager in the Investment Solutions Group (ISG), where he is responsible for implementing customized investment approaches, including strategic and tactical multi-asset class solutions, for institutional clients. Prior to his current role, Mr. Narkiewicz was a portfolio specialist within the Global Product and Marketing Group. In that role, he focused on supporting passive equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies. Before joining SSGA, Mr. Narkiewicz was a senior portfolio analyst at Shepherd Kaplan and an equity trader at Congress Asset Management. He holds a Bachelor of Science degree in Finance from Bentley University and a Master of Business Administration with a concentration in Finance from the D’Amore-McKim School of Business at Northeastern University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 17.26 5.68 8.0