SSFOX: State Street Target Retirement K

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SSFOX State Street Target Retirement K


Profile

SSFOX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $436 M
  • Holdings in Top 10 99.7%

52 WEEK LOW AND HIGH

$11.20
$9.60
$11.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.24%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    State Street Target Retirement Fund
  • 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 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"). Its assets are allocated among underlying funds according to a target asset allocation strategy that emphasizes fixed income, but also includes a smaller allocation to equity and certain other asset classes.


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Categories

Performance

SSFOX - Performance

Return Ranking - Trailing

Period SSFOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -12.5% 6.4% 21.52%
1 Yr 1.9% -12.7% 10.2% 30.77%
3 Yr 1.8%* -5.8% 6.2% 25.55%
5 Yr 1.9%* -3.2% 4.9% 20.00%
10 Yr N/A* -2.4% 6.8% N/A

* Annualized

Return Ranking - Calendar

Period SSFOX Return Category Return Low Category Return High Rank in Category (%)
2019 10.3% -2.4% 19.7% 54.88%
2018 -6.6% -19.1% -3.6% 24.01%
2017 5.9% -12.3% 18.2% 66.25%
2016 3.4% -4.2% 6.9% 58.84%
2015 -2.5% -13.0% -0.3% 4.44%

Total Return Ranking - Trailing

Period SSFOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -12.5% 6.4% 21.52%
1 Yr 1.9% -12.7% 10.2% 30.77%
3 Yr 1.8%* -5.5% 7.2% 62.48%
5 Yr 1.9%* -3.1% 7.4% 70.00%
10 Yr N/A* -1.0% 9.8% N/A

* Annualized

Total Return Ranking - Calendar

Period SSFOX Return Category Return Low Category Return High Rank in Category (%)
2019 10.3% -2.4% 19.7% 55.89%
2018 -6.6% -19.1% -0.3% 50.60%
2017 5.9% -12.3% 22.9% 85.83%
2016 3.4% 0.2% 9.3% 80.82%
2015 -2.5% -9.4% 0.7% 58.33%

NAV & Total Return History


Holdings

SSFOX - Holdings

Concentration Analysis

SSFOX Category Low Category High SSFOX % Rank
Net Assets 436 M 116 K 44.5 B 40.00%
Number of Holdings 10 1 747 77.12%
Net Assets in Top 10 416 M 91.8 K 43.2 B 39.85%
Weighting of Top 10 99.73% 54.7% 100.0% 10.41%

Top 10 Holdings

  1. State Street Aggregate Bond Idx 19.37%
  2. SPDR® Blmbg Barclays 1-10 Year TIPS ETF 17.35%
  3. State Street Equity 500 Index II 16.92%
  4. SPDR® Portfolio Short Term Treasury ETF 14.98%
  5. State Street Glb All Cap Eq ex-US Idx 11.82%
  6. SPDR® Blmbg Barclays High Yield Bd ETF 7.08%
  7. SPDR® Dow Jones Global Real Estate ETF 5.06%
  8. SPDR® Portfolio Short Term Corp Bd ETF 3.89%
  9. State Street Small/Mid Cap Equity Index 3.26%

Asset Allocation

Weighting Return Low Return High SSFOX % Rank
Bonds
61.51% -40.53% 78.26% 18.18%
Stocks
36.03% 0.00% 79.91% 54.39%
Cash
2.12% -12.04% 112.41% 89.85%
Convertible Bonds
0.32% 0.00% 1.69% 61.06%
Other
0.02% -0.66% 100.00% 43.33%
Preferred Stocks
0.00% 0.00% 7.53% 79.55%

Stock Sector Breakdown

Weighting Return Low Return High SSFOX % Rank
Real Estate
17.44% 0.43% 45.93% 2.60%
Technology
15.53% 3.04% 24.27% 69.72%
Financial Services
12.80% 3.32% 20.59% 85.32%
Healthcare
12.00% 1.66% 18.21% 81.04%
Consumer Cyclical
9.11% 1.88% 12.47% 70.34%
Industrials
8.73% 1.63% 16.32% 87.31%
Communication Services
7.90% 0.21% 10.76% 62.69%
Consumer Defense
6.97% 1.02% 14.97% 82.26%
Basic Materials
3.59% 0.76% 10.19% 55.35%
Energy
3.11% 0.59% 29.46% 66.67%
Utilities
2.82% 0.00% 11.96% 82.42%

Stock Geographic Breakdown

Weighting Return Low Return High SSFOX % Rank
US
22.58% 0.00% 63.48% 58.94%
Non US
13.45% 0.00% 34.52% 43.03%

Bond Sector Breakdown

Weighting Return Low Return High SSFOX % Rank
Government
62.59% 0.00% 98.75% 1.68%
Corporate
24.98% 0.00% 51.48% 42.51%
Securitized
8.85% 0.00% 42.93% 85.02%
Cash & Equivalents
3.39% 1.25% 112.41% 96.48%
Municipal
0.19% 0.00% 13.21% 51.07%
Derivative
0.00% -82.56% 27.19% 72.63%

Bond Geographic Breakdown

Weighting Return Low Return High SSFOX % Rank
US
58.34% -52.61% 75.43% 10.30%
Non US
3.17% -36.20% 40.22% 82.88%

Expenses

SSFOX - Expenses

Operational Fees

SSFOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.24% 0.00% 24.81% 75.98%
Management Fee 0.05% 0.00% 0.77% 53.77%
12b-1 Fee 0.00% 0.00% 1.00% 4.13%
Administrative Fee 0.05% 0.01% 0.30% 18.00%

Sales Fees

SSFOX 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% 5.00% N/A

Trading Fees

SSFOX 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.

SSFOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 277.00% 50.40%

Distributions

SSFOX - Distributions

Dividend Yield Analysis

SSFOX Category Low Category High SSFOX % Rank
Dividend Yield 0.00% 0.00% 2.60% 42.27%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SSFOX Category Low Category High SSFOX % Rank
Net Income Ratio 2.92% 0.05% 6.21% 17.02%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SSFOX - Fund Manager Analysis

Managers

Charles McGinn


Start Date

Tenure

Tenure Rank

Sep 30, 2014

5.75

5.8%

Charles McGinn is a Vice President of SSGA and a Senior 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. As a member of the Exposure Management Team within ISG, Mr. McGinn is responsible for the oversight of over $10 billion worth of client assets with exposure to equities and fixed income invested globally. As a result, Mr. McGinn has extensive experience in trading derivatives. 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 joined SSGA in 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

2.43

2.4%

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
0.08 17.76 4.98 0.5