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Investment options for how you want to save

CalSavers offers a standard investment option so you can easily start saving for your future. Unless you select your investment(s), your initial contributions will be invested in the CalSavers Money Market Fund for thirty (30) days. After thirty (30) days from your first contribution, all subsequent contributions, along with any earnings in the Money Market Fund, will be re-allocated to a CalSavers Target Retirement Fund based on your age and the year closest to when a person your age is expected to retire.

 

graphic explaining the investment options

Your investment Options

CalSavers offers a range of different investment options to meet your needs no matter where you are in your retirement savings journey. An investment fund is a collection of different investments pooled together and are usually made up of stocks, bonds, and/or cash equivalents.

Investment funds are professionally managed and help to easily diversify your investments. You can find more information about the different investment funds that CalSavers offers below.

Target Retirement Funds

Investment Options that correspond with the year closest to when you will be the target retirement age, defined as age 65. Each Target Retirement Fund has a specific “target date” (e.g., 2035, 2045, 2055) and invests in an Underlying Fund that is composed of a mix of stock and bond funds. The Investment Options seek to provide for retirement outcomes based on quantitatively measured risk. The Investment Options will be broadly diversified across global asset allocations that automatically become more conservative over time as an investor nears target retirement age.

How do target date funds adjust your investments over time?
Your contributions are spread across a mix of different investments that help you invest more aggressively when you are young and automatically become more conservative as you get closer to your target retirement age.

 

graphic explaining the investment options

For illustrative purposes only. Refer to the specific Target Retirement Fund description for investment mix.
CalSavers Target Retirement Fund

State Street Target Retirement Income Fund (SSFOX)

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Sustainable Balanced Fund (Environmental, Social, Governance)

The CalSavers Sustainable Balanced Fund (Environmental, Social, Governance) investment strategy seeks to generate capital appreciation by investing in the equity securities of global companies that demonstrate sustainable business practices and issuers of U.S. investment grade fixed income securities that satisfy certain environmental, social and governance (ESG) criteria.

CalSavers Sustainable Balanced Fund (Environmental, Social, Governance)

BNY Mellon Sustainable Balanced Fund (DRAKX)

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Core Bond Fund

Investment Option with the investment objective of tracking as closely as possible, before fees and expenses, the total return of an index composed of the total U.S. investment grade bond market.

CalSavers Core Bond Fund

State Street Aggregate Bond Index Fund (SSFEX)

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Global Equity Fund

Investment Option that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a broad-based index of domestic and foreign equity markets over the long term.

This Investment Option seeks to achieve its investment objective by investing substantially all of its investable assets in two SSGA FM-advised stock equity index funds:

  • Component A: The  State Street Global All Cap Equity ex-US Index Fund (the “Global All Cap Equity ex-U.S. Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a broad-based index of world (ex-U.S.) equity markets over the long term.
  • Component B: The State Street Equity 500 Index Fund (the “Equity 500 Fund”) seeks to replicate as closely as possible, before expenses, the performance of the Standard & Poor’s 500 Index (the “S&P 500” or the “Index”).
CalSavers Global Equity Fund (Component A)

State Street Global All Cap Equity ex-US Index Fund (SSGLX)

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CalSavers Global Equity Fund (Component B)

State Street Equity 500 Index Fund (SSSYX)

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Money Market Fund

Investment Option with the investment objective of maximizing current income, to the extent consistent with the preservation of capital and liquidity, by investing in an Underlying Fund that invests in U.S. dollar-denominated money market securities.

CalSavers Money Market Fund

State Street Institutional U.S. Government Money Market Fund (GVMXX)

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  1. If you set up your account and do not choose an investment option, your initial contributions will be invested in the CalSavers Money Market Fund for 30 days. After the period, your existing savings and future contributions will be invested in a CalSavers Target Retirement Fund based on your age.  Earnings may be taxable and have a penalty applied if you are under age 59 1⁄2 and have had your account for less than 5 years. Speak to a tax advisor to review and understand the 10% Early Distribution Penalty Tax Exceptions.

All investing is subject to risk, including the possible loss of the money you contribute through your payroll deductions. You should consult a tax or financial advisor if you have questions related to taxes or investments.