SSFPX Fees and Costs — State Street Target Retirement 2065 Fund, Class R3
Data updated: 2026-08-28
The net expense ratio is 0.59% (0.71% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 20%.
SSFPX Fees and Expenses
Annual operating expenses and sales charges of SSFPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.12% |
| 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 |
SSFPX Costs Over Time
On $10,000 invested in SSFPX, 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% |
SSFPX 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): 0.0065%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $349.7M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
SSFPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $20K | 72.73% |
| Jane Street Execution Services, LLC | $6K | 23.25% |
| Citadel Securities LLC | $954 | 3.45% |
| J.P. Morgan Securities LLC | $83 | 0.30% |
| Goldman Sachs & Co. LLC | $38 | 0.14% |
| Nomura Securities International, Inc. | $13 | 0.05% |
| Sanford C. Bernstein & Co., LLC | $11 | 0.04% |
| Virtu Americas LLC | $10 | 0.04% |
SSFPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $349.7M | 100.00% |
State Street Target Retirement 2065 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSFKX | Class K | 0.09% | none |
| SSFJX | Class I | 0.29% | none |
| SSFPX | 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.