State Street Target Retirement 2030 Fund
SSBYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 2105 Boston MA United States of America 2105
- IPO Date
- Oct 1, 2014
- CIK
- 0001107414
- Website
- ssga.com
- Similar Companies
- Business
- State Street Target Retirement 2030 Fund (SSBYX) is a "fund of funds" mutual fund managed by SSGA Funds Management, Inc., that seeks capital growth and income over the long term for investors planning to retire around 2030 by investing in a diversified mix of underlying mutual funds and exchange-traded funds (ETFs) sponsored by the Adviser or its affiliates. Core holdings include State Street Equity 500 Index II Portfolio, State Street Global All Cap Equity ex-U.S. Index Portfolio, State Street Aggregate Bond Index Portfolio, SPDR Bloomberg 1-10 Year TIPS ETF, and SPDR Bloomberg High Yield Bond ETF, providing exposure to U.S. large-cap equities, global equities ex-U.S., U.S. investment-grade bonds, inflation-protected securities, high-yield bonds, small/mid-cap equities, long-term Treasuries, global real estate, commodities, short-term Treasuries, and short-term corporate bonds. The Fund's asset allocation follows a predetermined glide path that shifts toward a more conservative mix of equities, fixed income, and alternatives as it approaches the target retirement date, with current allocations approximately 56% equity, 40% fixed income, and 3% alternatives. Incepted on September 30, 2014, the Fund is domiciled in the United States with total net assets of approximately $3.37 billion as of recent data and a net expense ratio of 0.09%, reflecting contractual fee waivers through April 30, 2026. State Street Global Advisors, the broader asset management arm of State Street Corporation headquartered in Boston, Massachusetts, has recently launched the State Street Target Retirement IndexPlus Strategy in April 2025, expanding its target-date offerings with a new series providing defined contribution plan participants access to 90% public market index strategies and 10% private markets exposures via a pooled vehicle managed by Apollo; while SSBYX itself remains focused on public markets, this initiative alongside other innovations like a target-date series with built-in retirement income solutions through partnerships with Global Trust Company and Annexus Retirement Solutions underscores ongoing strategic enhancements in retirement product diversification.