State Street Target Retirement 2060 Fund (SSDWX)
SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM") manages the Target Retirement 2060 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 2060 and who are likely to stop making new investments in the fund at that time.
Fund Info
US85749R5524
85749R552
Sep 29, 2014
$0
Large-Cap
Blend
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in State Street Target Retirement 2060 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
State Street Target Retirement 2060 Fund had a return of 14.05% year-to-date (YTD) and 21.98% in the last 12 months. Over the past 10 years, State Street Target Retirement 2060 Fund had an annualized return of 8.30%, while the S&P 500 had an annualized return of 11.13%, indicating that State Street Target Retirement 2060 Fund did not perform as well as the benchmark.
SSDWX
14.05%
-0.48%
6.39%
21.98%
9.15%
8.30%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of SSDWX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.48% | 3.69% | 2.95% | -3.91% | 4.14% | 1.11% | 2.77% | 2.13% | 2.21% | -2.82% | 14.05% | ||
| 2023 | 7.71% | -2.98% | 2.15% | 0.90% | -1.49% | 5.45% | 3.37% | -3.12% | -4.44% | -3.75% | 9.20% | 5.96% | 19.24% |
| 2022 | -4.92% | -2.29% | 0.94% | -8.03% | 0.29% | -7.92% | 6.72% | -3.66% | -9.35% | 5.12% | 7.82% | -3.95% | -19.20% |
| 2021 | -0.34% | 2.05% | 1.67% | 3.88% | 1.33% | 1.38% | 0.43% | 1.78% | -3.92% | 4.59% | -2.76% | 3.21% | 13.74% |
| 2020 | -0.56% | -6.10% | -12.65% | 10.37% | 4.52% | 3.14% | 5.02% | 5.01% | -2.61% | -2.07% | 11.96% | 4.67% | 19.62% |
| 2019 | 7.78% | 2.53% | 1.41% | 2.95% | -4.81% | 5.94% | 0.33% | -1.25% | 1.52% | 2.24% | 2.44% | 2.68% | 25.85% |
| 2018 | 4.37% | -4.18% | -0.84% | 0.25% | 1.27% | -0.25% | 2.42% | 1.39% | -0.16% | -7.34% | 1.57% | -6.22% | -8.11% |
| 2017 | 2.28% | 2.62% | 0.85% | 1.50% | 1.75% | 0.73% | 2.25% | 0.53% | 1.93% | 1.80% | 2.11% | 1.27% | 21.45% |
| 2016 | -5.05% | -0.33% | 6.79% | 1.35% | 0.51% | 0.51% | 3.76% | 0.20% | 0.68% | -2.43% | 1.29% | 1.90% | 9.09% |
| 2015 | -0.80% | 4.21% | -1.06% | 1.46% | 0.19% | -2.20% | 0.98% | -5.91% | -2.98% | 6.58% | -0.20% | -2.25% | -2.54% |
| 2014 | 2.53% | 1.77% | -0.98% | 3.33% |
Expense Ratio
SSDWX has an expense ratio of 0.18%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SSDWX is 63, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for State Street Target Retirement 2060 Fund (SSDWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
State Street Target Retirement 2060 Fund provided a 1.89% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.20 | $0.29 | $0.22 | $0.28 | $0.24 | $0.23 | $0.14 | $0.20 | $0.16 |
Dividend yield | 1.89% | 2.16% | 1.61% | 1.81% | 1.47% | 2.24% | 2.32% | 1.94% | 1.43% | 2.05% | 1.58% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Target Retirement 2060 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2019 | $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 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2014 | $0.16 | $0.16 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Target Retirement 2060 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 2060 Fund was 29.88%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.
The current State Street Target Retirement 2060 Fund drawdown is 1.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.88% | Feb 20, 2020 | 23 | Mar 23, 2020 | 94 | Aug 5, 2020 | 117 |
| -27.39% | Nov 9, 2021 | 235 | Oct 14, 2022 | 359 | Mar 21, 2024 | 594 |
| -17.1% | Jan 29, 2018 | 229 | Dec 24, 2018 | 89 | May 3, 2019 | 318 |
| -16.99% | Apr 29, 2015 | 200 | Feb 11, 2016 | 128 | Aug 15, 2016 | 328 |
| -7.05% | Jul 17, 2024 | 14 | Aug 5, 2024 | 14 | Aug 23, 2024 | 28 |
Volatility
Volatility Chart
The current State Street Target Retirement 2060 Fund volatility is 3.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.