Fund Evaluator:

State Street Target Retirement 2070 K Overview

State Street Target Retirement 2070 K (SSGNX) is an actively managed Allocation Target-Date 2070+ fund. State Street Investment Management launched the fund in 2024.

The investment seeks capital growth and income over the long term. The fund is a “fund of funds” that invests in a combination of mutual funds and ETFs sponsored by the Adviser or its affiliates. The underlying funds may invest in a wide variety of asset classes, including equity and fixed-income securities of issuers anywhere in the world, including emerging markets investments, and including, among others, high yield, commodity, and real estate investments.

About State Street Target Retirement 2070 K (SSGNX)

There are 2 members of the management team with an average tenure of 1.58 years: Michael Narkiewicz (2025), Seamus Quinn (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and State Street Tgt Rtrmnt 2070 Comp TR USD index with a weighting of 100%. State Street Target Retirement 2070 K has 5 securities in its portfolio. The top 10 holdings constitute 100.0% 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 Target Retirement 2070 K is part of the Allocation global asset class and is within the Allocation fund group. State Street Target Retirement 2070 K has 37.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.0%. There is 37.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 8.6% (8.6% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street Target Retirement 2070 K has 2.2% of the portfolio in cash.

Assets Under Management

The fund has $95 million in total assets, which is above the $36 million average for the Target-Date 2070+ 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.

SSGNX 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 Target Retirement 2070 K expense ratio is low compared to funds in the Target-Date 2070+ category. State Street Target Retirement 2070 K has an expense ratio of 0.09%, which is 87% 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 Target Retirement 2070 K has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 20% for the Target-Date 2070+ category.

Recently, in the month of July 2026, State Street Target Retirement 2070 K returned -0.8%, which earned it a grade of C, as the Target-Date 2070+ category had an average return of -0.8%. 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 Target Retirement 2070 K has a trailing yield of 1.96%, which is above the 1.34% 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 Target Retirement 2070 K Grades

Year to date, the fund has returned 10.5%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.8% over the past year (grade of D).

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