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Name

As of 11/20/2024

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 S&P 500 Fossil Fuel Reserves Free ETF

SPYX | ETF

$48.37

$1.73 B

1.04%

$0.50

0.20%

Vitals

YTD Return

25.7%

1 yr return

32.3%

3 Yr Avg Return

9.1%

5 Yr Avg Return

15.3%

Net Assets

$1.73 B

Holdings in Top 10

36.8%

52 WEEK LOW AND HIGH

$48.4
$37.12
$49.13

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

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 S&P 500 Fossil Fuel Reserves Free ETF

SPYX | ETF

$48.37

$1.73 B

1.04%

$0.50

0.20%

SPYX - Profile

Distributions

  • YTD Total Return 25.7%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 15.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.28%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SPDR S&P 500 Fossil Fuel Reserves Free ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Nov 30, 2015
  • Shares Outstanding
    12530000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Karl Schneider

Fund Description

In seeking to track the performance of the S&P 500 Fossil Fuel Reserves Free 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 measure the performance of companies in the S&P 500 Index that are “fossil fuel reserves free,” as determined by S&P Trucost Limited through its review of publicly available information, such as annual reports and other company publications. For purposes of the composition of the Index, fossil fuel reserves are defined as proved and probable (i) thermal coal reserves, (ii) other non-metallurgical coal reserves (e.g., coal for chemical biproducts, coal briquettes, residential use, liquid fuel, cement production, paper manufacturing, pharmaceutical, alumina refineries, ferrochrome, anthracite) (iii) conventional or unconventional oil reserves (e.g., natural gas liquids, oil sands, condensates and liquid petroleum gas), (iv) natural gas reserves, (v) shale gas reserves, and (vi) oil and gas reserves that have not been disclosed transparently as specific types of oil or gas, or are disclosed as one aggregate quantity of oil and gas reserves combined. The Index is a subset of the S&P 500 Index (the “Underlying Index”), which serves as the initial universe of eligible securities for the Index. The Underlying Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts (“REITs”). The selection universe for the S&P 500 Index includes all U.S. common equities listed on the NYSE, NYSE Arca, NYSE American, NASDAQ Global Select Market, NASDAQ Global Market, NASDAQ Capital Market, Cboe BZX, Cboe BYX, Cboe EDGA, or Cboe EDGX with unadjusted market capitalizations of at least $18 billion and float-adjusted market capitalizations of at least $9 billion at the time of inclusion. The minimum required capitalization may be revised by the Index Provider (as defined below) at any time. In constructing the Index, the initial universe is screened in an effort to exclude companies with any ownership of proved or probable fossil fuel reserves, including for third-party and in-house power generation.The Index is weighted by float-adjusted market capitalization. The Index is rebalanced quarterly after the close of business on the third Friday of March, June, September, and December. The rebalancing reference dates are after the close of the third Friday of February, May, August, and November, respectively. New additions to the Underlying Index are reviewed for inclusion in the Index each quarter, provided they have been added to the Underlying Index by the Index rebalancing reference dates. Fossil fuel reserve ownership information is updated as part of each quarterly rebalancing. As of August 31, 2024, a significant portion of the Fund comprised companies in the technology sector, although this may change from time to time. As of July 31, 2024, the Index comprised 488 stocks.The Index is sponsored by S&P Dow Jones Indices LLC (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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SPYX - Performance

Return Ranking - Trailing

Period SPYX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.7% 3.5% 44.2% 20.43%
1 Yr 32.3% 6.0% 54.8% 26.66%
3 Yr 9.1%* -12.1% 15.9% 36.54%
5 Yr 15.3%* -8.1% 109.9% 23.13%
10 Yr N/A* -0.4% 52.4% 73.29%

* Annualized

Return Ranking - Calendar

Period SPYX Return Category Return Low Category Return High Rank in Category (%)
2023 24.7% -42.6% 47.4% 10.11%
2022 -20.7% -56.3% -4.2% 45.53%
2021 26.6% -27.2% 537.8% 6.83%
2020 17.9% -22.5% 2181.7% 17.91%
2019 29.4% -13.5% 40.4% 11.25%

Total Return Ranking - Trailing

Period SPYX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.7% 3.5% 44.2% 20.43%
1 Yr 32.3% 6.0% 54.8% 26.66%
3 Yr 9.1%* -12.1% 15.9% 36.54%
5 Yr 15.3%* -8.1% 109.9% 23.13%
10 Yr N/A* -0.4% 52.4% N/A

* Annualized

Total Return Ranking - Calendar

Period SPYX Return Category Return Low Category Return High Rank in Category (%)
2023 26.4% -5.0% 47.4% 21.92%
2022 -19.6% -36.8% -2.2% 75.72%
2021 28.1% 3.0% 537.8% 32.50%
2020 19.9% -15.8% 2266.0% 25.87%
2019 31.6% -0.4% 241.3% 20.78%

SPYX - Holdings

Concentration Analysis

SPYX Category Low Category High SPYX % Rank
Net Assets 1.73 B 2.34 M 1.55 T 45.98%
Number of Holdings 492 2 3963 21.69%
Net Assets in Top 10 657 M 880 K 517 B 46.06%
Weighting of Top 10 36.80% 0.3% 112.9% 50.49%

Top 10 Holdings

  1. Microsoft Corp 7.46%
  2. NVIDIA Corp 6.82%
  3. Apple Inc 6.81%
  4. Amazon.com Inc 3.97%
  5. Meta Platforms Inc 2.48%
  6. Alphabet Inc 2.40%
  7. Alphabet Inc 2.01%
  8. Berkshire Hathaway Inc 1.65%
  9. Eli Lilly Co 1.62%
  10. Broadcom Inc 1.57%

Asset Allocation

Weighting Return Low Return High SPYX % Rank
Stocks 		99.79% 0.00% 105.85% 14.87%
Cash 		0.21% 0.00% 99.07% 79.94%
Other 		0.00% -13.91% 100.00% 34.28%
Preferred Stocks 		0.00% 0.00% 2.53% 50.61%
Convertible Bonds 		0.00% 0.00% 5.54% 47.92%
Bonds 		0.00% 0.00% 94.06% 51.75%

Stock Sector Breakdown

Weighting Return Low Return High SPYX % Rank
Technology 		25.40% 0.00% 48.94% 30.85%
Healthcare 		14.98% 0.00% 52.29% 35.81%
Financial Services 		13.92% 0.00% 55.59% 41.60%
Consumer Cyclical 		11.18% 0.00% 30.33% 36.97%
Communication Services 		9.14% 0.00% 27.94% 31.68%
Industrials 		8.52% 0.00% 29.90% 57.40%
Consumer Defense 		7.17% 0.00% 47.71% 38.54%
Utilities 		3.10% 0.00% 20.91% 23.49%
Real Estate 		2.83% 0.00% 31.91% 45.16%
Basic Materials 		2.56% 0.00% 25.70% 49.46%
Energy 		1.20% 0.00% 41.64% 82.22%

Stock Geographic Breakdown

Weighting Return Low Return High SPYX % Rank
US 		99.79% 0.00% 105.85% 13.08%
Non US 		0.00% 0.00% 64.54% 57.76%

SPYX - Expenses

Operational Fees

SPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.01% 19.75% 88.14%
Management Fee 0.20% 0.00% 1.90% 19.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

SPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

SPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 268.00% 8.17%

SPYX - Distributions

Dividend Yield Analysis

SPYX Category Low Category High SPYX % Rank
Dividend Yield 1.04% 0.00% 25.47% 57.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SPYX Category Low Category High SPYX % Rank
Net Income Ratio 1.28% -54.00% 2.44% 15.77%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SPYX - Fund Manager Analysis

Managers

Karl Schneider

Start Date

Tenure

Tenure Rank

Nov 30, 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.

Michael Feehily

Start Date

Tenure

Tenure Rank

Nov 30, 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.

John Law

Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

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
0.04 39.02 7.24 2.42

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