What is SSGA target retirement?
What is SSGA target retirement?
About SSFOX (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”).
What is the Target 2020 fund?
THE FUND The Wells Fargo Target 2020 Fund invests in a portfolio of equity, fixed income, and short term securities, and is reallocated over time to become more conservative as the fund approaches its target year.
What is State Street Retiree Services?
The State Street Retirement Plan (the Retirement Plan or Plan) is a cash balance plan that provides a benefit to supplement your retirement income from other sources such as the State Street Salary Savings Program (the 401(k) Plan or SSP), Social Security, and your personal investments and savings.
Are Target Date Funds ETFS?
Target-date funds are a type of mutual fund or exchange-traded fund (ETF) that is made up of a collection of other mutual funds. They are often called a “fund of funds.” These funds were designed to simplify retirement planning by effectively offering a retirement portfolio in one investment vehicle.
Are Target Retirement funds mutual funds?
Target date funds are mutual funds designed to simplify retirement investing. By purchasing a single fund, you get a diversified portfolio of domestic and international stocks and bonds. Furthermore, target date funds adjust their asset allocation from mostly stocks to mostly bonds as the investor nears retirement.
What happens when a target date fund matures?
Nothing special happens with a Target Retirement Fund when it reaches its target date. The fund doesn’t stop investing, and you don’t need to take your money out of the fund. The gradual move from stocks to bonds simply continues.
Are target index funds good?
Some Pros of Target Date Funds Conceptually, target date funds are great; they are a simple solution for people who either don’t want to deal with investing or who are intimidated by money. They are a good option for investors who are hands off and who wouldn’t rebalance their investments on their own.
What are 2 benefits of investing in a target date fund?
Several advantages of target-date funds include:
- Low minimum investments, allowing for instant diversification among various asset classes (equities, bonds, etc.)
- Professionally managed portfolios, offering a hassle-free investment.
- Low maintenance, as the funds are designed as a one-size-fits-all solution.
Do Target Retirement funds pay dividends?
Do target funds pay dividends? Most target-date funds invest in stock funds and index funds. Dividends from the underlying stocks or other assets pass through to the investor. Most funds pay dividends quarterly or semiannually.
What is an SSG target date fund?
SSGA Target Date Funds are designed for investors expecting to retire around the year indicated in each fund’s name. When choosing a Fund, investors should consider whether they anticipate retiring significantly earlier or later than age 65, even if such investors retire on or near a fund’s approximate target date.
What is the investment objective of the State Street target retirement 2020?
The investment objective of the State Street Target Retirement 2020 Fund is to seek capital growth and income over the long term. About the Primary Benchmark The S&P 500® Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over 25 separate industry groups.
Where can I find ssssga funds?
SSGA Funds are available through most major broker/dealer and supermarket platforms. If you are an investment advisor and have questions regarding platform availability, please call 800-997-7327. Otherwise, please call 877-521-4083.
