Fund Evaluator:

State Street Balanced Index K Overview

State Street Balanced Index K (SSBIX) is a passively managed Allocation Moderate Allocation fund. State Street Investment Management launched the fund in 2023.

The investment seeks to track the performance of 60% of the Dow Jones U.S. Total Stock Market Index and 40% of the Bloomberg U.S. Aggregate Bond Index. The fund employs an indexing investment approach designed to track the performance of two benchmark indexes in a 60%/40% split between equity and fixed-income. The equity index is a member of the Dow Jones Total Stock Market Indices family, which is designed to measure all U.S. equity issues with readily available prices, over the long term. The fixed index measures the performance of the U.S. dollar denominated investment grade fixed-rate taxable bond market, over the long term.

About State Street Balanced Index K (SSBIX)

There are 2 members of the management team with an average tenure of 2.76 years: Leo Law (2023), Seamus Quinn (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, DJ US Total Stock Market TR USD index with a weighting of 60% and Bloomberg US Agg Bond TR USD index with a weighting of 40%. State Street Balanced Index K has 2449 securities in its portfolio. The top 10 holdings constitute 57.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

State Street Balanced Index K is part of the Allocation global asset class and is within the Allocation fund group. State Street Balanced Index K has 2.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 62.9%. There is 0.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 35.0% (32.5% domestic bond, 2.5% foreign bond and 0.0% convertible bond). State Street Balanced Index K has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $616 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SSBIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street Balanced Index K expense ratio is low compared to funds in the Moderate Allocation category. State Street Balanced Index K has an expense ratio of 0.05%, which is 95% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street Balanced Index K has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, State Street Balanced Index K returned -0.8%, which earned it a grade of D, as the Moderate Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

State Street Balanced Index K has a trailing yield of 2.00%, which is above the 1.97% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

State Street Balanced Index K Grades

Year to date, the fund has returned 6.2%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 12.9% over the past year (grade of C).

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