State Street Equity 500 Index Fund Class K (SSSYX)

Overview

SSGA Funds Management, Inc. (SSGA FM) specializes in managing the Target Retirement 2020 Fund utilizing its unique asset allocation approach. This fund is designed as a "fund of funds," meaning it invests in an array of mutual funds and Exchange-Traded Funds (ETFs) that are managed by SSGA FM or its affiliated companies. Targeted towards individuals planning to retire around the year 2020, it caters to those who anticipate ceasing new investments into the fund at or around their retirement.

Products and Services

• Target Retirement 2020 Fund

  This product is a diversified "fund of funds" specifically crafted for investors aiming to retire around the year 2020. It is managed using SSGA FM's proprietary asset allocation strategy, which involves investing in a mix of mutual funds and ETFs. These underlying funds are either managed by SSGA FM directly or by its affiliates, ensuring a coherent investment strategy backed by the expertise of SSGA FM and its affiliates.

• Proprietary Asset Allocation Strategy

  SSGA FM employs a proprietary asset allocation strategy to manage the Target Retirement 2020 Fund effectively. This strategy is designed to optimize the fund's performance by carefully selecting a combination of mutual funds and ETFs that align with the fund's investment goals and the anticipated retirement timeline of its investors. The approach is dynamic, allowing for adjustments based on market conditions and the nearing retirement date of the fund's target demographic.

• Mutual Funds and ETFs

  The base of SSGA FM's investment strategy lies in its selection of mutual funds and ETFs, which form the core holdings of the Target Retirement 2020 Fund. These funds are chosen based on a strict criteria set by SSGA FM and its affiliates, ensuring that each fund aligns with the overall investment strategy of the retirement fund. This diversified mix allows investors to gain exposure to a wide range of asset classes, sectors, and geographical regions, mitigating risk while seeking to maximize returns.