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Investment options for how you want to save

We want you to be able to make informed decisions when investing your hard-earned money so it can steadily grow over time.

CalSavers offers a range of investment options, from aggressive investments seeking higher returns to conservative investment options that seek to protect the principal. When you invest in CalSavers, you get access to high quality mutual funds and other investment options, the value of which will vary with market conditions.

Your initial contributions

Unless you select another option, your first $1,000 in contributions will be invested in the CalSavers Money Market Fund and subsequent contributions will be invested in a target retirement date fund based on your age. You can decide at any time whether to keep your investment in this fund or choose from a simple menu of other investment options.

Below is the list of funds in which you can invest.

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.

CalSavers Target Retirement Fund

State Street Target Retirement Income Fund (SSFOX)

CalSavers Target Retirement 2020

State Street Target Retirement 2020 Fund (SSBOX)

CalSavers Target Retirement 2025

State Street Target Retirement 2025 Fund (SSBSX)

CalSavers Target Retirement 2030

State Street Target Retirement 2030 Fund (SSBYX)

CalSavers Target Retirement 2035

State Street Target Retirement 2035 Fund (SSCKX)

CalSavers Target Retirement 2040

State Street Target Retirement 2040 Fund (SSCQX)

CalSavers Target Retirement 2045

State Street Target Retirement 2045 Fund (SSDEX)

CalSavers Target Retirement 2050

State Street Target Retirement 2050 Fund (SSDLX)

CalSavers Target Retirement 2055

State Street Target Retirement 2055 Fund (SSDQX)

CalSavers Target Retirement 2060

State Street Target Retirement 2060 Fund (SSDYX)

CalSavers Target Retirement 2065

State Street Target Retirement 2060 Fund (SSDYX)

Money Market Funds

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)

Core Bond Funds

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)

Global Equity Funds

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:

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.

The investment objective of the State Street Equity 500 Index Fund (the “Equity 500 Fund”) is 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

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

CalSavers Global Equity Fund

State Street Equity 500 Index Fund (SSSYX)

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)

If you set up your account and do not choose an investment option, your first $1,000 payroll contributions will be invested in the CalSavers Money Market Fund. Subsequent contributions will be deposited in a Target Date Fund consistent your birthdate. 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.