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SPDR S&P Kensho Final Frontiers ETF
ETF
ROKT
Payout Change
Pending
Price as of:
$42.6126
-0.74
-1.71%
primary theme
Industrials Sector Equity
ROKT (ETF)
SPDR S&P Kensho Final Frontiers ETF
Payout Change
Pending
Price as of:
$42.6126
-0.74
-1.71%
primary theme
Industrials Sector Equity
ROKT (ETF)
SPDR S&P Kensho Final Frontiers ETF
Payout Change
Pending
Price as of:
$42.6126
-0.74
-1.71%
primary theme
Industrials Sector Equity
Name
As of 04/12/2024Price
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
-4.6%
1 yr return
5.3%
3 Yr Avg Return
1.9%
5 Yr Avg Return
7.3%
Net Assets
$16.7 M
Holdings in Top 10
43.0%
52 WEEK LOW AND HIGH
$43.4
$37.98
$45.08
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/12/2024Price
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
ROKT - Profile
Distributions
- YTD Total Return -4.6%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 7.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.26%
- Dividend Yield 1.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR S&P Kensho Final Frontiers ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateOct 22, 2018
-
Shares Outstanding500000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
In seeking to track the performance of the S&P Kensho Final Frontiers 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 which are included in the Final Frontiers sector as determined by a classification standard produced by S&P Dow Jones Indices LLC (the “Index Provider”). The Index is designed to capture companies whose products and services are driving innovation behind the exploration of deep space and deep sea. In particular, the Index comprises the components of the S&P Kensho Space Index and the deep sea exploration components of the S&P Kensho Drones Index
(the “Underlying Indexes”) as of the Index’s reconstitution reference date. The Underlying Indexes are subject to the following liquidity thresholds for each component: (i) must have a share price of at least USD $1.00; (ii) must be issued by a company with a minimum float market capitalization of at least $100 million; and (iii) must have a minimum three-month average daily traded value of at least $1 million. The S&P Kensho Space Index seeks to track companies that produce products and services that enable space travel and exploration, or are a necessary component of the supply chain for such products and services. The S&P Kensho Drones Index seeks to track companies that produce products and services related to the remotely-operated or unmanned aerial, underwater and surface-level drones market, or are a necessary component of the supply chain for such products and services.
To determine the constituents of the Underlying Indexes, the Index Provider’s 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, 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. An Index constituent categorized as
Core by at least one of the Underlying Indexes will be categorized as Core for purposes of the Index. At the time of each rebalance, to tilt the Index’s exposure toward Core Index Constituents, the Core Index Constituents are systematically overweighted relative to the Non‑Core Index Constituents. Each Core Index Constituent and Non‑Core Index Constituent is then equally weighted within the group of Core Index Constituents and Non‑Core Index Constituents, respectively, 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 32 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.
ROKT - Performance
Return Ranking - Trailing
| Period | ROKT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.6% | -16.1% | 14.8% | 81.08% |
| 1 Yr | 5.3% | -27.3% | 56.7% | 91.89% |
| 3 Yr | 1.9%* | -18.0% | 16.0% | 75.68% |
| 5 Yr | 7.3%* | -7.9% | 20.1% | 72.22% |
| 10 Yr | N/A* | 5.8% | 13.4% | 97.06% |
* Annualized
Return Ranking - Calendar
| Period | ROKT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.7% | -8.7% | 54.7% | 75.68% |
| 2022 | -1.4% | -42.9% | 8.8% | 8.11% |
| 2021 | 2.8% | -9.5% | 32.9% | 78.38% |
| 2020 | 7.3% | -14.7% | 70.9% | 81.08% |
| 2019 | 39.8% | 13.2% | 39.8% | 2.86% |
Total Return Ranking - Trailing
| Period | ROKT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.6% | -16.1% | 14.8% | 81.08% |
| 1 Yr | 5.3% | -27.3% | 56.7% | 91.89% |
| 3 Yr | 1.9%* | -18.0% | 16.0% | 75.68% |
| 5 Yr | 7.3%* | -7.9% | 20.1% | 72.22% |
| 10 Yr | N/A* | 5.8% | 13.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ROKT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.4% | -7.8% | 55.3% | 86.49% |
| 2022 | -0.8% | -39.2% | 10.0% | 10.81% |
| 2021 | 4.6% | 2.3% | 33.7% | 97.30% |
| 2020 | 8.0% | -13.6% | 71.2% | 86.49% |
| 2019 | 40.9% | 14.8% | 40.9% | 2.86% |
ROKT - Holdings
Concentration Analysis
| ROKT | Category Low | Category High | ROKT % Rank | |
|---|---|---|---|---|
| Net Assets | 16.7 M | 12 M | 18.3 B | 89.19% |
| Number of Holdings | 34 | 24 | 388 | 89.19% |
| Net Assets in Top 10 | 7.5 M | 7.5 M | 5.64 B | 100.00% |
| Weighting of Top 10 | 43.03% | 13.4% | 77.9% | 48.65% |
Top 10 Holdings
- Rocket Lab USA Inc 4.86%
- Virgin Galactic Holdings Inc 4.75%
- Oceaneering International Inc 4.35%
- Teledyne Technologies Inc 4.32%
- Boeing Co/The 4.31%
- Honeywell International Inc 4.16%
- L3Harris Technologies Inc 4.15%
- Hexcel Corp 4.08%
- Iridium Communications Inc 4.04%
- HEICO Corp 4.00%
Asset Allocation
| Weighting | Return Low | Return High | ROKT % Rank | |
|---|---|---|---|---|
| Stocks | 99.70% | 85.36% | 100.04% | 48.65% |
| Cash | 1.91% | 0.14% | 14.51% | 45.95% |
| Preferred Stocks | 0.00% | 0.00% | 9.47% | 97.30% |
| Other | 0.00% | 0.00% | 0.44% | 97.30% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 97.30% |
| Bonds | 0.00% | 0.00% | 0.00% | 97.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ROKT % Rank | |
|---|---|---|---|---|
| Industrials | 64.58% | 9.02% | 99.28% | 72.97% |
| Technology | 26.59% | 0.00% | 38.28% | 8.11% |
| Communication Services | 3.60% | 0.00% | 35.43% | 8.11% |
| Energy | 3.26% | 0.00% | 3.53% | 8.11% |
| Consumer Cyclical | 1.97% | 0.00% | 60.78% | 45.95% |
| Utilities | 0.00% | 0.00% | 12.67% | 97.30% |
| Real Estate | 0.00% | 0.00% | 7.67% | 97.30% |
| Healthcare | 0.00% | 0.00% | 7.75% | 97.30% |
| Financial Services | 0.00% | 0.00% | 19.45% | 97.30% |
| Consumer Defense | 0.00% | 0.00% | 3.96% | 97.30% |
| Basic Materials | 0.00% | 0.00% | 16.73% | 97.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ROKT % Rank | |
|---|---|---|---|---|
| US | 99.70% | 22.35% | 100.04% | 48.65% |
| Non US | 0.00% | 0.00% | 63.01% | 97.30% |
ROKT - Expenses
Operational Fees
| ROKT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.08% | 2.39% | 70.27% |
| Management Fee | 0.45% | 0.03% | 0.85% | 32.43% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.15% | 0.25% | N/A |
Sales Fees
| ROKT 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% | 1.00% | N/A |
Trading Fees
| ROKT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| ROKT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.00% | 2.00% | 205.00% | 48.57% |
ROKT - Distributions
Dividend Yield Analysis
| ROKT | Category Low | Category High | ROKT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.08% | 0.00% | 7.73% | 59.46% |
Dividend Distribution Analysis
| ROKT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| ROKT | Category Low | Category High | ROKT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.26% | -1.16% | 1.35% | 10.81% |
Capital Gain Distribution Analysis
| ROKT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 21, 2024 | $0.061 | OrdinaryDividend |
| Dec 21, 2023 | $0.115 | OrdinaryDividend |
| Sep 21, 2023 | $0.064 | OrdinaryDividend |
| Jun 23, 2023 | $0.053 | OrdinaryDividend |
| Mar 23, 2023 | $0.047 | OrdinaryDividend |
| Dec 22, 2022 | $0.038 | OrdinaryDividend |
| Sep 22, 2022 | $0.070 | OrdinaryDividend |
| Jun 24, 2022 | $0.054 | OrdinaryDividend |
| Mar 24, 2022 | $0.050 | OrdinaryDividend |
| Dec 23, 2021 | $0.052 | OrdinaryDividend |
| Sep 23, 2021 | $0.037 | OrdinaryDividend |
| Jun 24, 2021 | $0.037 | OrdinaryDividend |
| Mar 25, 2021 | $0.587 | OrdinaryDividend |
| Dec 24, 2020 | $0.065 | OrdinaryDividend |
| Sep 24, 2020 | $0.043 | OrdinaryDividend |
| Jun 25, 2020 | $0.026 | OrdinaryDividend |
| Mar 26, 2020 | $0.053 | OrdinaryDividend |
| Dec 27, 2019 | $0.050 | OrdinaryDividend |
| Sep 26, 2019 | $0.085 | OrdinaryDividend |
| Jun 27, 2019 | $0.060 | OrdinaryDividend |
| Mar 21, 2019 | $0.074 | OrdinaryDividend |
| Dec 28, 2018 | $0.042 | OrdinaryDividend |
ROKT - 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.
Kathleen Morgan
Start Date
Tenure
Tenure Rank
Oct 19, 2018
3.62
3.6%
Kathleen Morgan, CFA, is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. In this capacity, Ms. Morgan is responsible for the management of various equity index funds that are benchmarked to both domestic and international strategies. Prior to joining SSGA, she worked in Equity Product Management at Wellington Management, conducting independent risk oversight and developing investment product marketing strategy. Prior experience also includes index equity portfolio management at BlackRock. Ms. Morgan holds a Bachelor of Arts degree in Economics from Wellesley College and a Master of Business Administration from The Wharton School at the University of Pennsylvania. She has also earned the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.42 | 24.18 | 8.82 | 3.5 |
