SSADX Fees and Costs — State Street Target Retirement 2020 Fund, Class R3
Data updated: 2025-05-28
The net expense ratio is 0.59% (0.74% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $59K in broker commissions, 0.0064% of average net assets, and portfolio turnover was 16%.
SSADX Fees and Expenses
Annual operating expenses and sales charges of SSADX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SSADX Costs Over Time
On $10,000 invested in SSADX, assuming 5% a year before costs, total costs come to $376 over 5 years, cutting the return by 0.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $63 | $206 | $376 |
| Value after costs | $10,437 | $11,370 | $12,387 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
SSADX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0064%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $500.4M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $47.7M
- Net income from securities lending: $283K (0.031% of average net assets)
SSADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $21K | 35.14% |
| BofA Securities, Inc. | $15K | 26.07% |
| Goldman Sachs & Co. LLC | $8K | 13.14% |
| Citadel Securities LLC | $6K | 10.02% |
| Fidelity Brokerage Services LLC | $3K | 5.35% |
| Broadcort Capital Corp. | $3K | 5.04% |
| Virtu Americas LLC | $2K | 3.01% |
| Nomura Securities International, Inc. | $960 | 1.64% |
| Citigroup Global Markets Inc. | $253 | 0.43% |
| Morgan Stanley & Co. LLC | $98 | 0.17% |
SSADX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $500.4M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.