The issuer of the SPDR Russell 1000 Momentum Focus ETF (ONEO) is SSGA Funds Management, Inc. (SSGA FM), which serves as the investment adviser to the fund. ONEO aims to track the performance of the Russell 1000 Momentum Focused Factor Index. Utilizing a sampling strategy, the fund may purchase a subset of the securities in the index to replicate its risk and return characteristics. ONEO is designed to provide exposure to U.S. large-capitalization equity securities that demonstrate a combination of core factors, including high value, high quality, low size characteristics, and a focus factor comprising high momentum characteristics. As of August 31, 2022, the fund primarily comprised companies in the industrial and technology sectors and held approximately 890 securities in the index. The Index Provider, Frank Russell Company, determines the composition and relative weightings of securities in the index and is not affiliated with the fund or its adviser.
While the primary focus of the SPDR Russell 1000 Momentum Focus ETF (ONEO) lies in tracking the Russell 1000 Momentum Focused Factor Index, its dividend distribution is influenced by its underlying portfolio. ONEO generally follows a sampling strategy to replicate the Index's performance and may not invest in all of its constituent securities. The ETF aims to distribute dividends in line with the individual dividend policies and performances of the companies within its portfolio. Investors considering ONEO can expect dividends on a regular basis, which are typically paid out based on the income generated by the ETF's holdings. Please note that the dividend yield and frequency may vary depending on market conditions and the performance of the underlying stocks.
Tracking the Russell 1000 Momentum Focused Factor Index is the primary objective of the ONEO ETF. The fund employs a sampling strategy, allowing it to invest in a subset of securities from the index while maintaining similar risk and return characteristics. ONEO typically invests at least 80% of its assets in index components and may also hold other equity securities, cash, or money market instruments to achieve its tracking goal. The Russell 1000 Momentum Focused Factor Index aims to capture the performance of large-cap U.S. equities with a focus on high momentum, making ONEO an attractive choice for investors seeking exposure to this specific market segment.
The correlation aspect of the SPDR Russell 1000 Momentum Focus ETF (ONEO) is essential for investors looking to understand its behavior in relation to the Russell 1000 Momentum Focused Factor Index. As ONEO seeks to track this specific index, its correlation with the index is expected to be relatively high, making it a reliable tool for investors interested in momentum-focused large-cap U.S. equities. Understanding ONEO's correlation with other assets and sectors can help investors make informed decisions and gain valuable insights into market trends.
The SPDR Russell 1000 Momentum Focus ETF (ONEO) primarily focuses on the industrial and technology sectors, with an emphasis on companies that exhibit high momentum characteristics. The ETF seeks to track the performance of the Russell 1000 Momentum Focused Factor Index, which utilizes a multi-factor scoring process to tilt towards companies demonstrating core factors like high value, high quality, and low size characteristics, along with a strong focus on high momentum. As of August 2022, the fund had a significant allocation to industrial and technology companies, providing investors with exposure to growth potential within these sectors. However, it's important to note that the ETF's performance may be influenced by market movements in these industries, potentially leading to higher volatility.
The exposure characteristic of the SPDR Russell 1000 Momentum ETF (ONEO) focuses on capturing the performance of large-cap U.S. equity securities with a strong emphasis on momentum factors. ONEO aims to replicate the Russell 1000 Momentum Focused Factor Index, which selects companies exhibiting high momentum characteristics. This ETF offers investors an opportunity to gain exposure to U.S. stocks that have shown recent price strength, making it an attractive option for those seeking to capitalize on market momentum trends. To gain a deeper understanding of ONEO's exposure and explore its correlations and overlaps with other assets, investors can utilize the ETF Insider web app, which provides comprehensive insights and data on various U.S. ETFs.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.
This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
4 min readCompare the QQQ and FXI ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies to see how they stack up against each other. Whether you're a seasoned investor or just getting started, our comparison provides valuable insights to guide your investment decisions.
4 min readSPXL VS DUST are specialized investment funds that focus on a diverse range of sectors in the financial market. these exchange-traded funds offer investors exposure to various industries and companies, presenting potential growth opportunities and risks. it's essential to understand the underlying assets and strategies of these etfs before considering an investment.
5 min readThe ETF with Intuit Inc. and Micron Technology Inc. Exposure (Nasdaq) exposure provides investors with an opportunity to diversify their portfolio while gaining insight into the performance and potential of Intuit Inc. and Micron Technology Inc. Exposure (Nasdaq). This ETF offers a comprehensive view of the company's standing in the market, its historical performance, and future prospects.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
