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SPDR S&P Kensho New Economies Composite ETF
ETF
KOMP
Payout Change
Pending
Price as of:
$44.09
-0.2
-0.45%
primary theme
U.S. Mid-Cap Growth Equity
KOMP (ETF)
SPDR S&P Kensho New Economies Composite ETF
Payout Change
Pending
Price as of:
$44.09
-0.2
-0.45%
primary theme
U.S. Mid-Cap Growth Equity
KOMP (ETF)
SPDR S&P Kensho New Economies Composite ETF
Payout Change
Pending
Price as of:
$44.09
-0.2
-0.45%
primary theme
U.S. Mid-Cap Growth Equity
Name
As of 04/16/2024Price
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
-5.4%
1 yr return
5.8%
3 Yr Avg Return
-11.8%
5 Yr Avg Return
7.8%
Net Assets
$2 B
Holdings in Top 10
18.6%
52 WEEK LOW AND HIGH
$44.3
$36.42
$48.08
Expenses
OPERATING FEES
Expense Ratio 0.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 67.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/16/2024Price
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
KOMP - Profile
Distributions
- YTD Total Return -5.4%
- 3 Yr Annualized Total Return -11.8%
- 5 Yr Annualized Total Return 7.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.01%
- Dividend Yield 2.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR S&P Kensho New Economies Composite ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateOct 22, 2018
-
Shares Outstanding37685000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
In seeking to track the performance of the S&P Kensho New Economies Composite 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, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). 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. The Index is designed to capture companies whose products and services are driving innovation and transforming the global economy through the use of existing and emerging technologies, and rapid developments in robotics, automation, artificial intelligence, connectedness and processing power (“New Economies companies”). In particular, the Index comprises the components included in the New Economy Subsector Indexes (each, an “Underlying Index”) developed by S&P Dow Jones Indices LLC (the “Index Provider”). Each Underlying Index is comprised of securities of New Economies companies in a specific sector. As of December 15, 2023, the Index was comprised of 25 Underlying Indexes.
The constituents of each Underlying Index are determined by a classification standard produced by the Index Provider. The 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 filing, 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. Each Underlying Index’s exposure is then tilted towards Core Index Constituents.
The weight of each security in the Index is based on the relative weight given to each Underlying Index in the Index. The relative weight of each Underlying Index is determined by a proprietary process comparing the ratio of the average daily returns divided by the standard deviation of daily returns among the Underlying Indexes. Underlying Indexes with larger ratios are weighted more heavily than Underlying Indexes with smaller ratios. The weight of each security in each Underlying Index is then multiplied by the relative weight of the respective Underlying Index in the Index to determine the security’s initial weight in the Index. The final constituent security weight is subject to liquidity and diversification 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 December 15, 2023, the Index comprised 437 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.
KOMP - Performance
Return Ranking - Trailing
| Period | KOMP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.4% | -16.7% | 22.3% | 97.99% |
| 1 Yr | 5.8% | -12.4% | 48.8% | 95.42% |
| 3 Yr | -11.8%* | -29.3% | 78.7% | 94.74% |
| 5 Yr | 7.8%* | -4.9% | 97.4% | 72.49% |
| 10 Yr | N/A* | -0.2% | 36.4% | 59.95% |
* Annualized
Return Ranking - Calendar
| Period | KOMP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | -27.7% | 68.0% | 56.59% |
| 2022 | -33.1% | -85.6% | 350.1% | 63.90% |
| 2021 | 2.3% | -77.0% | 238.3% | 37.88% |
| 2020 | 59.8% | -44.1% | 2474.5% | 7.24% |
| 2019 | 36.0% | -50.2% | 44.0% | 8.67% |
Total Return Ranking - Trailing
| Period | KOMP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.4% | -16.7% | 22.3% | 97.99% |
| 1 Yr | 5.8% | -12.4% | 48.8% | 95.42% |
| 3 Yr | -11.8%* | -29.3% | 78.7% | 94.74% |
| 5 Yr | 7.8%* | -4.9% | 97.4% | 72.49% |
| 10 Yr | N/A* | -0.2% | 36.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | KOMP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.1% | -26.1% | 68.0% | 55.49% |
| 2022 | -32.2% | -67.0% | 440.7% | 68.88% |
| 2021 | 3.7% | -23.5% | 342.2% | 87.69% |
| 2020 | 61.3% | 2.6% | 2549.1% | 12.13% |
| 2019 | 37.1% | 14.6% | 44.8% | 27.22% |
KOMP - Holdings
Concentration Analysis
| KOMP | Category Low | Category High | KOMP % Rank | |
|---|---|---|---|---|
| Net Assets | 2 B | 2.73 M | 100 B | 33.76% |
| Number of Holdings | 445 | 25 | 3644 | 4.01% |
| Net Assets in Top 10 | 356 M | 449 K | 9.69 B | 42.88% |
| Weighting of Top 10 | 18.63% | 0.4% | 99.9% | 89.60% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 8.87%
- Teledyne Technologies Inc 1.33%
- Coinbase Global Inc 1.23%
- Leidos Holdings Inc 1.20%
- Snap Inc 1.04%
- Bruker Corp 1.04%
- EHang Holdings Ltd 1.03%
- PTC Inc 1.00%
- Elbit Systems Ltd 0.95%
- Lockheed Martin Corp 0.93%
Asset Allocation
| Weighting | Return Low | Return High | KOMP % Rank | |
|---|---|---|---|---|
| Stocks | 99.78% | 0.92% | 101.49% | 18.80% |
| Cash | 9.00% | 0.00% | 99.08% | 4.56% |
| Preferred Stocks | 0.00% | 0.00% | 5.46% | 85.77% |
| Other | 0.00% | -0.18% | 16.96% | 87.04% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 84.67% |
| Bonds | 0.00% | -3.27% | 1.87% | 85.22% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | KOMP % Rank | |
|---|---|---|---|---|
| Technology | 40.03% | 0.04% | 62.17% | 8.94% |
| Industrials | 19.25% | 0.00% | 38.23% | 15.33% |
| Healthcare | 13.48% | 0.00% | 37.06% | 81.39% |
| Consumer Cyclical | 9.59% | 0.00% | 57.41% | 83.21% |
| Utilities | 5.86% | 0.00% | 12.94% | 0.55% |
| Communication Services | 5.51% | 0.00% | 18.33% | 15.51% |
| Financial Services | 4.08% | 0.00% | 43.01% | 74.27% |
| Energy | 1.12% | 0.00% | 62.10% | 53.65% |
| Basic Materials | 0.95% | 0.00% | 17.25% | 69.34% |
| Consumer Defense | 0.13% | 0.00% | 16.40% | 78.47% |
| Real Estate | 0.00% | 0.00% | 19.28% | 96.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | KOMP % Rank | |
|---|---|---|---|---|
| US | 99.78% | 0.64% | 101.49% | 15.51% |
| Non US | 0.00% | 0.00% | 34.57% | 86.86% |
KOMP - Expenses
Operational Fees
| KOMP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.20% | 0.02% | 17.54% | 96.70% |
| Management Fee | 0.20% | 0.00% | 1.50% | 4.75% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| KOMP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| KOMP 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.
| KOMP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 67.00% | 0.00% | 250.31% | 72.27% |
KOMP - Distributions
Dividend Yield Analysis
| KOMP | Category Low | Category High | KOMP % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.03% | 0.00% | 34.32% | 6.20% |
Dividend Distribution Analysis
| KOMP | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annual | Annual |
Net Income Ratio Analysis
| KOMP | Category Low | Category High | KOMP % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.01% | -2.24% | 2.75% | 2.41% |
Capital Gain Distribution Analysis
| KOMP | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 21, 2024 | $0.085 | OrdinaryDividend |
| Dec 21, 2023 | $0.224 | OrdinaryDividend |
| Sep 21, 2023 | $0.121 | OrdinaryDividend |
| Jun 23, 2023 | $0.148 | OrdinaryDividend |
| Mar 23, 2023 | $0.098 | OrdinaryDividend |
| Dec 22, 2022 | $0.153 | OrdinaryDividend |
| Sep 22, 2022 | $0.170 | OrdinaryDividend |
| Jun 24, 2022 | $0.172 | OrdinaryDividend |
| Mar 24, 2022 | $0.085 | OrdinaryDividend |
| Dec 23, 2021 | $0.360 | OrdinaryDividend |
| Sep 23, 2021 | $0.129 | OrdinaryDividend |
| Jun 24, 2021 | $0.137 | OrdinaryDividend |
| Mar 25, 2021 | $0.225 | OrdinaryDividend |
| Dec 24, 2020 | $0.203 | OrdinaryDividend |
| Sep 24, 2020 | $0.067 | OrdinaryDividend |
| Jun 25, 2020 | $0.062 | OrdinaryDividend |
| Mar 26, 2020 | $0.065 | OrdinaryDividend |
| Jan 03, 2020 | $0.055 | OrdinaryDividend |
| Dec 27, 2019 | $0.112 | OrdinaryDividend |
| Sep 26, 2019 | $0.045 | OrdinaryDividend |
| Jun 27, 2019 | $0.027 | OrdinaryDividend |
| Mar 21, 2019 | $0.052 | OrdinaryDividend |
| Dec 28, 2018 | $0.035 | OrdinaryDividend |
KOMP - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Oct 19, 2018
3.62
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.
Kala O’Donnell
Start Date
Tenure
Tenure Rank
Oct 19, 2018
3.62
3.6%
Kala O'Donnell is a Vice President at SSGA and is a senior portfolio manager in the firm's Global Equity Beta Solutions Group. She is responsible for managing both domestic and international equity index portfolios, including a variety of separate accounts, commingled funds, ETFs and alternative beta strategies. Additionally, Ms. O'Donnell has been involved in various research and process improvement projects, and has served as a hedging specialist within the Group. Prior to joining SSGA, Ms. O'Donnell worked in State Street Corporation's Mutual Funds division in the US, as well as in Canada and Germany. She has been in the investment management field since she joined SSGA in 1995. Ms. O'Donnell holds a BS degree in Accounting from Lehigh University and an MBA degree in International Business from Bentley College. She is member of the CFA Institute and the Boston Security Analysts Society.
Mark Krivitsky
Start Date
Tenure
Tenure Rank
Oct 19, 2018
3.62
3.6%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.2 | 2.25 |
