Target Retirement Income fund
Provide current income from fixed income securities while maintaining some exposure to equity investments for capital appreciation.
The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. The fund emphasizes fixed income investment over stocks. The fixed income exposure emphasizes short-term bonds to reduce interest rate risk. The fund maintains a small allocation to US and non- US stocks to provide moderate capital appreciation and diversification.
The SSgA Target Retirement Income Fund has an asset allocation target of 25% equities and 75% fixed income securities.
On February 24, 2017, the cost of investing in the Plan’s target retirement date funds will decrease from .12 percent to .07 percent resulting in a lower net fund fee. The returns you will see here are blended returns, which combine the historical data from the previous fund share class K with the newer, lower cost share class M. Therefore, the returns may differ from what State Street reports on their fund fact sheets.
Fund fact sheet