State Street SPDR Russell 1000 Yield Focus ETF (ONEY)
State Street SPDR Russell 1000 Yield Focus ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $133.78, down 0.17% on the session, giving a market capitalisation of $734.6M. Its beta of 0.74 implies it has historically moved less than the broad market.
The State Street SPDR Russell 1000 Yield Focus ETF (ONEY) endeavors to replicate the overall investment performance of the Russell 1000 Yield Focused Factor Index, before accounting for any fees or expenses. This fund utilizes the principles of factor investing, commonly known as "smart beta," to address distinct investor objectives. For ONEY, the primary aim is generating consistent income through yield. This income-centric approach is designed to produce above-average dividend distributions, thereby boosting total returns and offering a diversified source of income. Such multi-factor smart beta strategies effectively bridge the gap between active and passive portfolio management, empowering investors to re-evaluate their market exposures and potentially optimize risk-adjusted returns with greater efficiency.
State Street SPDR Russell 1000 Yield Focus ETF is most often compared with the following Financial Services names: