Fund Description |
The SPDR Kensho New Economies Composite ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index (the Index ). The S&P Kensho New Economies Composite Index (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").The Index is comprised of each of the eligible Kensho New Economies Sub-Indexes. Each Kensho Sub-Index is weighted by its Sharpe ratio with an annual reconstitution. There are currently 22 Sub-Indexes in the Composite. Kensho identifies companies in its New Economy Subsectors using its propriety Natural Language Processing "NLP", which leverages their artificial intelligence capabilities to screen regulatory forms for key words and phrases in the appropriate context relevant to the respective new economy sector to find companies for inclusion. |
Fund Profile |
Fund Name |
SPDR S&P Homebuilders ETF |
Fund Exchange Ticker |
XHB |
Fund Sponsor |
State Street (SPDR) |
Fund ISIN |
US78464A8889 |
Net Expense Ratio |
0.35 % |
Fund Inception Date |
31 January 2006 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
NYSE Arca |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
US Equities - Industry Sector |
Asset Class |
Equities (Stocks) |
Index Linked |
Passive |
Index Name |
S&P Homebuilders Select Industry Index |
Index Provider |
S&P DJ Indices |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Market Capitalization Range |
Broad Market / Multi-Cap |
Growth Value |
Core / Blend |
Continent |
North America |
Key Statistics |
Return As of Date |
27 June 2022 |
Asset Under Management |
1034.12 Million (USD) |
1 Month Total Return |
-10.88 % |
Year To Date Return |
-34.18 % |
1 Year Total Return |
-22.67 % |
3 Year Annualized Total Return |
11.43 % |
NAV |
56.3551 |
Share Outstanding |
18,350,000 |