SSAKX Fees and Costs — State Street Target Retirement 2040 Fund, Class R3
Data updated: 2026-08-28
The net expense ratio is 0.59% (0.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $62K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 19%.
SSAKX Fees and Expenses
Annual operating expenses and sales charges of SSAKX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.06% |
| 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 |
SSAKX Costs Over Time
On $10,000 invested in SSAKX, assuming 5% a year before costs, total costs come to $373 over 5 years, cutting the return by 0.62% 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) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $373 |
| Value after costs | $10,438 | $11,372 | $12,389 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
SSAKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0020%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $20.2M
- Net income from securities lending: $108K (0.004% of average net assets)
SSAKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $40K | 63.90% |
| Jane Street Execution Services, LLC | $18K | 28.75% |
| Citadel Securities LLC | $3K | 5.40% |
| Virtu Americas LLC | $1K | 1.93% |
| The Williams Capital Group, L.P. | $13 | 0.02% |
SSAKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.6B | 100.00% |
State Street Target Retirement 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSCQX | Class K | 0.09% | none |
| SSCNX | Class I | 0.29% | none |
| SSAKX | Class R3 | 0.59% | none |
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.