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Name

As of 11/15/2024

Price

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

SPDR Russell 1000 Yield Focus ETF

ONEY | ETF

$113.48

$771 M

3.21%

$3.66

0.20%

Vitals

YTD Return

15.4%

1 yr return

27.4%

3 Yr Avg Return

7.9%

5 Yr Avg Return

12.2%

Net Assets

$771 M

Holdings in Top 10

13.3%

52 WEEK LOW AND HIGH

$113.9
$92.42
$115.17

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/15/2024

Price

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

SPDR Russell 1000 Yield Focus ETF

ONEY | ETF

$113.48

$771 M

3.21%

$3.66

0.20%

ONEY - Profile

Distributions

  • YTD Total Return 15.4%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.69%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SPDR Russell 1000 Yield Focus ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Dec 02, 2015
  • Shares Outstanding
    8130000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the Russell 1000 Yield Focused Factor 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 (including common stock, preferred stock, depositary receipts and shares of other investment companies). 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 designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high yield characteristics (the “Factor Characteristics”). To construct the Index, Frank Russell Company (the “Index Provider”) utilizes a rules-based multi-factor scoring process that seeks to increase exposure (or “tilt”) to companies in the Russell 1000 Index demonstrating the Factor Characteristics. The Russell 1000 Index is a market-capitalization index that measures the performance of the large-cap segment of the U.S. equity universe. Within the multi-factor scoring process, a specific focus is applied towards a company's yield factor. Companies with higher yield are those whose securities have paid higher dividends compared to other securities. Each stock's factor scores are multiplied by the stock's free float market cap weight in the Russell 1000 Index to determine each constituent's weight in the multi-factor Index. Companies in the Russell 1000 Index are excluded from the Index if they do not meet a minimum weight in the Index. A company's yield factor score is based on 12-month trailing dividend yield as of the last business day of the month prior to the Index rebalancing month. A company's value factor score is based on cash flow yield, earnings yield, and country relative sales to price ratio, calculated based on the company's total market capitalization and information reported in the company's most recent annual financial statement as of the last business day of the month prior to the Index rebalancing month. A company's quality factor score is based on return on assets, change in asset turnover, accruals, and leverage, calculated based on information reported in the company's most recent annual financial statement as of the last business day of the month prior to the Index rebalancing month. A company's size factor score is based on the total market capitalization as of the last business day of the month prior to the Index rebalancing month.The weight of each individual stock in the Index is capped at 2000% of the stock's weight in the Russell 1000 Index, and any weight exceeding this limit will be redistributed to all stocks below the limit in proportion to their combination of market capitalization and factor scoring. The weight of each industry in the Index is capped at 120% of the industry's weight in the Russell 1000 Index plus an additional 5%, and any weight exceeding this limit is redistributed to all other industries below the limit in proportion to their combination of market capitalization and factor scoring. The weight of each industry in the Index must be at least 80% of the industry's weight in the Russell 1000 Index less 5%. The weights of any industries below this minimum will be increased to the minimum by redistributing the weights of industries above the minimum in proportion to their combination of market capitalization and factor scoring. The Index is rebalanced annually in June. As of August 31, 2024, a significant portion of the Fund comprised companies in the consumer discretionary sector, although this may change from time to time. As of July 31, 2024, there were approximately 289 securities in the Index.The Index is sponsored by the Index Provider, which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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ONEY - Performance

Return Ranking - Trailing

Period ONEY Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% 4.1% 32.7% 45.60%
1 Yr 27.4% 13.8% 45.0% 42.31%
3 Yr 7.9%* -2.3% 14.5% 19.50%
5 Yr 12.2%* 0.6% 17.8% 17.33%
10 Yr N/A* 1.7% 12.0% 63.81%

* Annualized

Return Ranking - Calendar

Period ONEY Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -11.3% 33.3% 59.23%
2022 -6.6% -41.6% 2.3% 4.74%
2021 33.5% -41.5% 44.9% 3.63%
2020 -1.4% -29.0% 22.1% 67.90%
2019 23.2% -8.1% 31.2% 44.28%

Total Return Ranking - Trailing

Period ONEY Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% 4.1% 32.7% 45.60%
1 Yr 27.4% 13.8% 45.0% 42.31%
3 Yr 7.9%* -2.3% 14.5% 19.50%
5 Yr 12.2%* 0.6% 17.8% 17.33%
10 Yr N/A* 1.7% 12.0% N/A

* Annualized

Total Return Ranking - Calendar

Period ONEY Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -1.7% 36.5% 64.46%
2022 -3.6% -35.0% 2.4% 13.37%
2021 37.1% 6.2% 48.3% 3.07%
2020 2.3% -22.9% 23.2% 54.26%
2019 27.4% -3.0% 35.7% 44.57%

ONEY - Holdings

Concentration Analysis

ONEY Category Low Category High ONEY % Rank
Net Assets 771 M 991 K 28 B 52.20%
Number of Holdings 300 8 2308 6.87%
Net Assets in Top 10 136 M 319 K 5.52 B 60.44%
Weighting of Top 10 13.28% 4.6% 100.2% 79.95%

Top 10 Holdings

  1. Diamondback Energy Inc 1.66%
  2. Devon Energy Corp 1.44%
  3. Valero Energy Corp 1.44%
  4. Dow Inc 1.40%
  5. 3M Co 1.27%
  6. Hewlett Packard Enterprise Co 1.24%
  7. PACCAR Inc 1.24%
  8. Cardinal Health Inc 1.20%
  9. HP Inc 1.20%
  10. T Rowe Price Group Inc 1.19%

Asset Allocation

Weighting Return Low Return High ONEY % Rank
Stocks 		99.65% 56.67% 103.53% 13.74%
Cash 		0.35% 0.00% 38.75% 75.55%
Other 		0.00% -0.10% 7.30% 35.44%
Preferred Stocks 		0.00% 0.00% 1.68% 39.29%
Convertible Bonds 		0.00% 0.00% 0.02% 33.70%
Bonds 		0.00% 0.00% 19.09% 35.16%

Stock Sector Breakdown

Weighting Return Low Return High ONEY % Rank
Financial Services 		19.75% 0.00% 60.11% 29.28%
Consumer Defense 		12.80% 0.00% 33.79% 4.42%
Utilities 		11.37% 0.00% 24.69% 3.59%
Real Estate 		10.80% 0.00% 40.74% 19.61%
Consumer Cyclical 		9.85% 0.00% 29.62% 66.02%
Industrials 		9.22% 0.00% 29.02% 87.57%
Technology 		8.19% 0.00% 30.07% 67.96%
Basic Materials 		7.40% 0.00% 23.88% 27.62%
Energy 		4.93% 0.00% 29.17% 80.39%
Communication Services 		3.32% 0.00% 19.80% 37.57%
Healthcare 		2.38% 0.00% 32.47% 95.86%

Stock Geographic Breakdown

Weighting Return Low Return High ONEY % Rank
US 		99.65% 56.67% 103.53% 11.81%
Non US 		0.00% 0.00% 33.85% 50.00%

ONEY - Expenses

Operational Fees

ONEY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.06% 16.92% 96.97%
Management Fee 0.20% 0.00% 1.20% 3.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ONEY 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

ONEY 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.

ONEY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 227.00% 62.95%

ONEY - Distributions

Dividend Yield Analysis

ONEY Category Low Category High ONEY % Rank
Dividend Yield 3.21% 0.00% 22.79% 32.23%

Dividend Distribution Analysis

ONEY Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

ONEY Category Low Category High ONEY % Rank
Net Income Ratio 2.69% -1.84% 4.73% 1.94%

Capital Gain Distribution Analysis

ONEY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

ONEY - Fund Manager Analysis

Managers

Michael Feehily

Start Date

Tenure

Tenure Rank

Dec 02, 2015

6.5

6.5%

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.

Karl Schneider

Start Date

Tenure

Tenure Rank

Dec 02, 2015

6.5

6.5%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.

John Law

Start Date

Tenure

Tenure Rank

Oct 31, 2017

4.58

4.6%

John Law, CFA, Vice President and a Senior Portfolio Manager in the Global Equity Beta Solutions Group, has managed the portion of the Fund's assets allocated to SSGA FM for the Fund's Passive International Small Cap Equity Sub-strategy since 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.16 10.92

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