State Street Target Retirement 2040 Fund (SSCNX)
SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM") manages the Target Retirement 2040 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 2040 and who are likely to stop making new investments in the fund at that time.
Fund Info
US85749R7355
85749R735
Sep 29, 2014
$0
Large-Cap
Blend
Expense Ratio
SSCNX has an expense ratio of 0.20%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
State Street Target Retirement 2040 Fund (SSCNX) returned 5.03% year-to-date (YTD) and 11.60% over the past 12 months. Over the past 10 years, SSCNX returned 7.79% annually, underperforming the S&P 500 benchmark at 10.85%.
SSCNX
5.03%
4.07%
1.74%
11.60%
8.76%
9.27%
7.79%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of SSCNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.76% | 0.28% | -2.75% | 0.71% | 4.07% | 5.03% | |||||||
| 2024 | -0.38% | 3.02% | 2.71% | -3.71% | 3.85% | 1.21% | 2.54% | 2.13% | 2.15% | -2.83% | 3.52% | -3.13% | 11.21% |
| 2023 | 7.16% | -3.02% | 2.46% | 0.96% | -1.43% | 4.66% | 2.92% | -2.84% | -4.22% | -3.45% | 8.64% | 5.62% | 17.68% |
| 2022 | -4.54% | -2.21% | 0.56% | -7.57% | 0.30% | -7.19% | 6.19% | -3.61% | -8.92% | 4.46% | 7.45% | -3.64% | -18.55% |
| 2021 | -0.49% | 1.68% | 1.52% | 3.60% | 1.24% | 1.36% | 0.57% | 1.02% | -3.71% | 4.11% | -2.32% | 2.86% | 11.75% |
| 2020 | -0.32% | -5.55% | -11.34% | 9.66% | 4.14% | 2.99% | 4.67% | 4.54% | -2.35% | -2.11% | 10.93% | 4.22% | 18.72% |
| 2019 | 7.25% | 2.35% | 1.45% | 2.76% | -4.38% | 5.68% | 0.24% | -0.80% | 1.29% | 2.15% | 2.26% | 2.48% | 24.70% |
| 2018 | 4.08% | -4.00% | -0.82% | 0.16% | 1.15% | -0.16% | 2.28% | 1.35% | -0.23% | -6.92% | 1.61% | -5.60% | -7.45% |
| 2017 | 2.12% | 2.64% | 0.73% | 1.46% | 1.70% | 0.71% | 2.19% | 0.52% | 1.79% | 1.76% | 1.98% | 1.30% | 20.59% |
| 2016 | -4.53% | -0.21% | 6.49% | 1.22% | 0.50% | 0.50% | 3.77% | 0.29% | 0.57% | -2.37% | 1.07% | 1.77% | 9.00% |
| 2015 | -0.79% | 4.38% | -1.05% | 1.45% | 0.19% | -2.18% | 1.07% | -5.85% | -2.85% | 6.29% | -0.20% | -2.19% | -2.28% |
| 2014 | 2.53% | 1.77% | -0.93% | 3.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SSCNX is 67, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
State Street Target Retirement 2040 Fund provided a 4.73% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $0.50 | $0.63 | $0.85 | $0.67 | $0.81 | $0.55 | $0.28 | $0.19 | $0.19 | $0.09 |
Dividend yield | 4.73% | 4.97% | 3.78% | 5.38% | 5.58% | 4.63% | 6.38% | 5.12% | 2.28% | 1.78% | 1.96% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Target Retirement 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.81 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2014 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Target Retirement 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street Target Retirement 2040 Fund was 27.49%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.
The current State Street Target Retirement 2040 Fund drawdown is 0.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.49% | Feb 20, 2020 | 23 | Mar 23, 2020 | 89 | Jul 29, 2020 | 112 |
| -26.13% | Nov 9, 2021 | 235 | Oct 14, 2022 | 397 | May 15, 2024 | 632 |
| -16.05% | Jan 29, 2018 | 229 | Dec 24, 2018 | 84 | Apr 26, 2019 | 313 |
| -15.95% | Apr 27, 2015 | 202 | Feb 11, 2016 | 126 | Aug 11, 2016 | 328 |
| -12.72% | Feb 19, 2025 | 35 | Apr 8, 2025 | 27 | May 16, 2025 | 62 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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