CalSavers accounts generate returns based on the performance of the underlying investment funds, rather than a single, fixed interest rate. The returns vary depending on the specific fund chosen by the participant, reflecting market conditions and investment strategies.
As of December 17, 2024, the Year-To-Date (YTD) returns for key CalSavers Target Retirement Funds are:
| Fund Name | YTD Returns (as of 12/17/2024) |
|---|---|
| CalSavers Target Retirement Income Fund (State Street Target Retirement Income Fund - SSFOX) | 8.17% |
| CalSavers Target Retirement Fund 2020 (State Street Target Retirement 2020 Fund - SSBOX) | 8.41% |
It is important to understand that these figures represent past performance and do not guarantee future returns. The Annual Percentage Yield (APY) for these types of investment funds is not presented as a fixed numerical rate, as their performance fluctuates with market conditions and the value of their underlying assets.
