SSBYX Fees and Costs — State Street Target Retirement 2030 Fund, Class K
Data updated: 2026-08-28
The net expense ratio is 0.09% (0.20% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $187K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 22%.
SSBYX Fees and Expenses
Annual operating expenses and sales charges of SSBYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.20% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.09% |
| 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 |
SSBYX Costs Over Time
On $10,000 invested in SSBYX, assuming 5% a year before costs, total costs come to $61 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $33 | $61 |
| Value after costs | $10,490 | $11,543 | $12,702 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
SSBYX 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): 0.0058%
- Total broker commissions: $187K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $57.5M
- Net income from securities lending: $400K (0.012% of average net assets)
SSBYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $81K | 43.12% |
| BofA Securities, Inc. | $68K | 36.60% |
| Citadel Securities LLC | $33K | 17.51% |
| J.P. Morgan Securities LLC | $4K | 2.08% |
| Virtu Americas LLC | $1K | 0.62% |
| Fidelity Brokerage Services LLC | $130 | 0.07% |
| Goldman Sachs & Co. LLC | $7 | 0.00% |
SSBYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.7B | 100.00% |
State Street Target Retirement 2030 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSBYX | Class K | 0.09% | none |
| SSBWX | Class I | 0.29% | none |
| SSAJX | 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.