Fund info

The State Street Target Retirement 2040 Fund - Class R3 is a target-date mutual fund designed to help investors save for retirement expected around the year 2040. Its primary purpose is to provide a balanced investment approach that adjusts over time: the portfolio is allocated more heavily toward equities in early years to pursue growth, then gradually shifts toward fixed income and cash equivalents as the target retirement date approaches, seeking to manage risk and preserve capital as investors near retirement age. The fund employs a diversified mix of underlying State Street index portfolios, spanning U.S. large-cap stocks, international equities, small and mid-cap stocks, as well as U.S. aggregate and long-term treasury bonds. Notable features include a low expense ratio and comprehensive global diversification across equity and fixed income sectors. Managed by SSGA Funds Management, Inc., this fund serves as a core investment vehicle within workplace retirement plans and individual retirement accounts, offering a streamlined solution for investors looking for a professionally managed, age-appropriate asset allocation that evolves automatically as retirement draws closer.