SPDR S&P Kensho Smart Mobility ETF
ETF
HAIL
Price as of:
$26.93
+ $0.02
+ 0.08%
Primary Theme
fund company
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-12.7%
1 yr return
-0.7%
3 Yr Avg Return
-22.6%
5 Yr Avg Return
0.7%
Net Assets
$53.9 M
Holdings in Top 10
26.6%
52 WEEK LOW AND HIGH
$26.9
$25.10
$32.04
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 70.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HAIL - Profile
Distributions
- YTD Total Return -12.7%
- 3 Yr Annualized Total Return -22.6%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.49%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSPDR S&P Kensho Smart Mobility ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateDec 26, 2017
-
Shares Outstanding2340000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKathleen Morgan
Fund Description
In seeking to track the performance of the S&P Kensho Smart Transportation Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index. The Fund may also invest in cash and cash equivalents or money market instruments (including money market funds advised by the Adviser) for cash management purposes. In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.The Index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Smart Transportation sector as determined by a classification standard produced by S&P Dow Jones Indices LLC (the “Index Provider”). The Index is designed to capture companies whose products and services are driving innovation behind smart transportation. In particular, the Index comprises the components of the S&P Kensho Autonomous Vehicles Index, the S&P Kensho Advanced Transport Systems Index, the S&P Kensho Electric Vehicles Index and the civilian/commercially focused components of the S&P Kensho Drones Index (the “Underlying Indexes”) as of the Index's reconstitution reference date. The Underlying Indexes are subject to the following liquidity thresholds for each component: (i) must have a share price of at least USD $1.00; (ii) must be issued by a company with a minimum float market capitalization of at least $100 million; and (iii) must have a minimum three-month average daily traded value of at least $1 million. The S&P Kensho Autonomous Vehicles Index seeks to track companies that build autonomous and connected vehicles and that provide the products and services that enable these vehicles to become more efficient and intelligent, or are a necessary component of the supply chain for such products and services. The S&P Kensho Advanced Transport Systems Index seeks to track companies that produce products and services that optimize the efficiency of managing large fleets of vehicles, cargo transportation, and mass transit, or are a necessary component of the supply chain for such products and services. The S&P Kensho Electric Vehicles Index seeks to track companies that produce products and services related to the development of electric vehicles, clean fuel systems, and related systems, or are a necessary component of the supply chain for such products and services. The S&P Kensho Drones Index seeks to track companies that produce products and services related to the remotely-operated or unmanned aerial, underwater and surface-level drones market and related subsystems, or are a necessary component of the supply chain for such products and services.To determine the constituents of the Underlying Indexes, the Index Provider's classification standard utilizes an automated scan of companies' most recent regulatory filings with the U.S. Securities and Exchange Commission on Form 10-K, Form 20-F, Form 40-F, or Form S-1, as applicable, maintained in the S&P Market Intelligence United Document Repository, to identify specific search terms and phrases that describe a company as producing products and services related to the particular segment targeted by the Underlying Index. The resulting list of eligible securities for each Underlying Index is then filtered by eliminating companies that do not include in their regulatory filings a reference to a product or service that (i) is related to a search term or phrase and (ii) is used in a manner that is within the scope of the Underlying Index's objective. Each Underlying Index then screens the remaining securities to remove securities that are not listed on NYSE, NASDAQ, or CBOE exchanges (or an affiliate of one of those exchanges) or do not meet certain minimum liquidity thresholds. The Index Provider's Index Committee then reviews each remaining eligible constituent to verify the rules of the automated scan were implemented correctly.Underlying Index constituents are then categorized as either “Core” or “Non-Core.” A company is categorized as Core if its products and services related to the Underlying Index's objective are identified in its regulatory filings as principal components of the company's strategy. Products and services are deemed to be principal components of a company's strategy if the company's regulatory filing disclosures regarding such products and services are determined to be sufficiently prominent according to a proprietary algorithm of the Index Provider which calculates prominence based on the frequency and position of such disclosures within regulatory filings. A company may also be categorized as Core if the Index Provider determines that the majority of the company's revenue is derived from products and services related to the Underlying Index's objective as indicated by the company's reported business segments, which is assessed by scanning the S&P Capital IQ Database for annual fiscal year revenue segment reporting. All other companies are categorized as Non-Core, including companies whose products and services are identified as forming a necessary component of the supply chain of the segment targeted by the Underlying Index. An Index constituent categorized as Core by at least one of the Underlying Indexes will be categorized as Core for purposes of the Index. To tilt the Index's exposure toward Core Index Constituents, at the time of each rebalance the aggregate weighting of Core Index Constituents is based on the proportion of the number of Core Index Constituents, plus an overweight factor of up to 20%. At the time of each rebalance, each Core Index Constituent and Non-Core Index Constituent is equally weighted within the group of Core Index Constituents and Non-Core Index Constituents, respectively, subject to liquidity adjustments.The Index is reconstituted and rebalanced after the close of trading on the third Friday in June with a reference date as of the close of the last trading day in May. In addition, the Index is rebalanced after the close of trading on the third Friday of December with a reference date as of the close of the last trading day in November. In connection with the December rebalance, Index constituents are also evaluated for continued inclusion in the Index if a new eligible regulatory filing has been filed since the last reconstitution review. As of July 31, 2024, the Index comprised 71 securities.The Index Provider is not affiliated with the Fund or the Adviser. The Index Provider establishes and maintains rules which are used to determine the composition of the Index and relative weightings of the securities in the Index.
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HAIL - Performance
Return Ranking - Trailing
| Period | HAIL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -12.7% | -12.7% | 37.7% | 100.00% |
| 1 Yr | -0.7% | -0.7% | 49.8% | 100.00% |
| 3 Yr | -22.6%* | -22.6% | 20.7% | 100.00% |
| 5 Yr | 0.7%* | -0.9% | 24.6% | 99.70% |
| 10 Yr | N/A* | 2.6% | 13.3% | 54.10% |
* Annualized
Return Ranking - Calendar
| Period | HAIL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | -12.9% | 28.8% | 82.54% |
| 2022 | -46.6% | -52.6% | 20.1% | 99.72% |
| 2021 | 0.7% | -43.8% | 32.4% | 91.88% |
| 2020 | 82.1% | -10.6% | 82.1% | 0.30% |
| 2019 | 29.0% | -8.5% | 37.5% | 7.96% |
Total Return Ranking - Trailing
| Period | HAIL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -12.7% | -12.7% | 37.7% | 100.00% |
| 1 Yr | -0.7% | -0.7% | 49.8% | 100.00% |
| 3 Yr | -22.6%* | -22.6% | 20.7% | 100.00% |
| 5 Yr | 0.7%* | -0.9% | 24.6% | 99.70% |
| 10 Yr | N/A* | 2.6% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HAIL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.7% | 1.2% | 31.3% | 93.24% |
| 2022 | -45.7% | -45.7% | 21.1% | 100.00% |
| 2021 | 2.0% | -30.2% | 52.8% | 99.13% |
| 2020 | 84.3% | -8.4% | 84.3% | 0.30% |
| 2019 | 30.6% | 1.0% | 43.4% | 23.25% |
HAIL - Holdings
Concentration Analysis
| HAIL | Category Low | Category High | HAIL % Rank | |
|---|---|---|---|---|
| Net Assets | 53.9 M | 728 K | 168 B | 85.99% |
| Number of Holdings | 74 | 1 | 2780 | 54.34% |
| Net Assets in Top 10 | 11.8 M | 399 K | 13.2 B | 88.52% |
| Weighting of Top 10 | 26.63% | 0.5% | 100.0% | 37.92% |
Top 10 Holdings
- State Street Navigator Securities Lending Portfolio II 9.77%
- Rivian Automotive Inc 2.04%
- Tesla Inc 1.99%
- Aurora Innovation Inc 1.96%
- Canoo Inc 1.87%
- Luminar Technologies Inc 1.83%
- Allison Transmission Holdings Inc 1.82%
- Cummins Inc 1.82%
- Uber Technologies Inc 1.77%
- Garrett Motion Inc 1.76%
Asset Allocation
| Weighting | Return Low | Return High | HAIL % Rank | |
|---|---|---|---|---|
| Stocks | 99.87% | 0.86% | 100.67% | 4.76% |
| Cash | 9.84% | 0.00% | 99.07% | 2.80% |
| Preferred Stocks | 0.00% | 0.00% | 11.46% | 46.22% |
| Other | 0.00% | -0.01% | 51.08% | 61.62% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 46.50% |
| Bonds | 0.00% | 0.00% | 72.71% | 51.54% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HAIL % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 46.48% | 2.49% | 46.48% | 0.28% |
| Technology | 28.19% | 0.00% | 40.65% | 1.40% |
| Industrials | 19.75% | 0.00% | 45.89% | 16.01% |
| Communication Services | 3.04% | 0.00% | 30.98% | 39.33% |
| Basic Materials | 1.63% | 0.00% | 16.35% | 90.45% |
| Financial Services | 0.74% | 0.00% | 46.10% | 99.44% |
| Utilities | 0.17% | 0.00% | 18.97% | 82.58% |
| Real Estate | 0.00% | 0.00% | 25.82% | 94.66% |
| Healthcare | 0.00% | 0.00% | 24.06% | 99.44% |
| Energy | 0.00% | 0.00% | 58.13% | 91.29% |
| Consumer Defense | 0.00% | 0.00% | 32.18% | 98.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HAIL % Rank | |
|---|---|---|---|---|
| US | 99.87% | 0.86% | 100.25% | 4.48% |
| Non US | 0.00% | 0.00% | 10.11% | 55.46% |
HAIL - Expenses
Operational Fees
| HAIL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | 19.40% | 84.23% |
| Management Fee | 0.45% | 0.00% | 1.50% | 25.07% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| HAIL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| HAIL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HAIL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 70.00% | 0.00% | 304.00% | 80.82% |
HAIL - Distributions
Dividend Yield Analysis
| HAIL | Category Low | Category High | HAIL % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.67% | 0.00% | 29.78% | 20.45% |
Dividend Distribution Analysis
| HAIL | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| HAIL | Category Low | Category High | HAIL % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.49% | -2.06% | 3.38% | 3.10% |
Capital Gain Distribution Analysis
| HAIL | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.247 | OrdinaryDividend |
| Jun 24, 2024 | $0.167 | OrdinaryDividend |
| Mar 18, 2024 | $0.148 | OrdinaryDividend |
| Dec 18, 2023 | $0.267 | OrdinaryDividend |
| Sep 18, 2023 | $0.274 | OrdinaryDividend |
| Jun 20, 2023 | $0.166 | OrdinaryDividend |
| Mar 20, 2023 | $0.117 | OrdinaryDividend |
| Dec 19, 2022 | $0.121 | OrdinaryDividend |
| Sep 19, 2022 | $0.310 | OrdinaryDividend |
| Jun 21, 2022 | $0.133 | OrdinaryDividend |
| Mar 21, 2022 | $0.053 | OrdinaryDividend |
| Dec 20, 2021 | $0.185 | OrdinaryDividend |
| Sep 20, 2021 | $0.158 | OrdinaryDividend |
| Jun 21, 2021 | $0.145 | OrdinaryDividend |
| Mar 22, 2021 | $0.262 | OrdinaryDividend |
| Dec 21, 2020 | $0.022 | OrdinaryDividend |
| Sep 21, 2020 | $0.031 | OrdinaryDividend |
| Jun 22, 2020 | $0.079 | OrdinaryDividend |
| Mar 23, 2020 | $0.151 | OrdinaryDividend |
| Dec 23, 2019 | $0.185 | OrdinaryDividend |
| Sep 23, 2019 | $0.037 | OrdinaryDividend |
| Jun 24, 2019 | $0.098 | OrdinaryDividend |
| Mar 18, 2019 | $0.033 | OrdinaryDividend |
| Dec 24, 2018 | $0.506 | OrdinaryDividend |
| Sep 24, 2018 | $0.027 | OrdinaryDividend |
| Jun 18, 2018 | $0.033 | OrdinaryDividend |
| Mar 19, 2018 | $0.027 | OrdinaryDividend |
HAIL - Fund Manager Analysis
Managers
Kathleen Morgan
Start Date
Tenure
Tenure Rank
Dec 18, 2017
4.45
4.5%
Kathleen Morgan, CFA, is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. In this capacity, Ms. Morgan is responsible for the management of various equity index funds that are benchmarked to both domestic and international strategies. Prior to joining SSGA, she worked in Equity Product Management at Wellington Management, conducting independent risk oversight and developing investment product marketing strategy. Prior experience also includes index equity portfolio management at BlackRock. Ms. Morgan holds a Bachelor of Arts degree in Economics from Wellesley College and a Master of Business Administration from The Wharton School at the University of Pennsylvania. She has also earned the Chartered Financial Analyst (CFA) designation.
Mark Krivitsky
Start Date
Tenure
Tenure Rank
Dec 18, 2017
4.45
4.5%
Mr. Krivitsky is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions Group (GEBS) and Tax-Efficient Market Capture Group. He joined the firm in 1996. His previous experience at SSGA includes affiliation with the firm's U.S. Structured Products Operations Group. Mr. Krivitsky began his tenure at State Street Corporation in the Mutual Funds Division in 1992. He has been working in the investment management field since 1991. Mr. Krivitsky holds a Bachelor of Arts in Humanities/Social Sciences from the University of Massachusetts and a Master of Business Administration with a specialization in Finance from the Sawyer School of Management at Suffolk University.
Michael Feehily
Start Date
Tenure
Tenure Rank
Oct 31, 2018
3.58
3.6%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 38.44 | 7.29 | 5.78 |