State Street Target Retirement 2040 Fund
STATE STREET INSTITUTIONAL INVESTMENT TRUST · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
State Street Target Retirement 2040 Fund is a target-date 2040 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2040
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of the State Street Target Retirement 2040 Fund (the Target Retirement 2040 Fund ? or the Fund) is to seek 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, holding equity and fixed-income securities worldwide including emerging markets, real estate, and commodities. As the target retirement date of 2040 approaches, the fund's asset allocation gradually shifts to emphasize fixed income and reduce equity exposure, moving toward a more conservative posture. The fund's actual allocations may differ from its stated targets, and the adviser may change target allocations or deviate from them at its discretion.
| Share class | Gross | Net |
|---|---|---|
| SSCNX | 0.35% | 0.29% |
| SSCQX | 0.15% | 0.09% |
| SSAKX | 0.65% | 0.59% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 19.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 75.38% |
| Bonds | 20.35% |
| Cash & short-term | 5.02% |
| Securitized | 2.76% |
| 2 smaller | 0.03% |
Look-through blends 6 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +24.69% | +53.21% | +40.92% | 10.64% | -10.15% | |
| +24.87% | +53.86% | +43.42% | 10.66% | -10.10% | |
| +24.35% | +51.70% | — | 10.60% | -10.20% |
These classes hold the same portfolio, so the 2.16pp spread over 3 years is the cost difference between them — roughly 0.72pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| SSEYX | State Street Equity 500 Index II PortfolioSSEYX | 36.83% | $678.69 | $1.35B | 2.0M |
| SSGVX | State Street Global All Cap Equity ex-U.S. Index PortfolioSSGVX | 32.61% | $166.98 | $1.19B | 7.1M |
| SSAFX | State Street Aggregate Bond Index PortfolioSSAFX | 11.00% | $89.08 | $402.44M | 4.5M |
| — | State Street SPDR Portfolio Long Term Treasury ETF | 9.61% | $26.23 | $351.65M | 13.4M |
| SSMHX | State Street Small/Mid Cap Equity Index PortfolioSSMHX | 8.06% | $391.21 | $295.04M | 754.2K |
| — | State Street SPDR Bloomberg High Yield Bond ETF | 2.84% | $96.37 | $103.87M | 1.1M |
| GVMXX | State Street Global AdvisorsGVMXX | 1.68% | — | $61.34M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 102.62% of net assets, top 25 102.62%, across 7 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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