Key stats
About SPDR S&P Kensho New Economies Composite ETF
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Inception date
Oct 22, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
KOMP looks for companies from developed and emerging markets that are transforming the economy by driving innovation and advancements in new economy technologies. The funds underlying index is a composite of various S&P New Economy sub-indexes, each constructed around a theme such as autonomous vehicles, 3D printing, genetic engineering, nanotechnology, and the like. The sub-indexes themselves rely on AI to select constituentsa computer algorithm scans company filings for relevant terms, selects holdings, and classifies them as core or non-core based on the frequency and position of these terms. Holdings within each sub-index are initially equal-weighted, with an overweight applied to core firms. KOMPs underlying composite index weights each sub-index by a proprietary risk/return ratio. The index rebalances on a semi-annual basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.94%
Electronic Technology27.11%
Technology Services26.62%
Finance11.14%
Health Technology9.52%
Producer Manufacturing6.57%
Commercial Services5.41%
Retail Trade2.08%
Health Services1.74%
Utilities1.67%
Consumer Durables1.50%
Process Industries1.47%
Non-Energy Minerals1.22%
Distribution Services1.00%
Communications0.95%
Transportation0.69%
Industrial Services0.56%
Energy Minerals0.38%
Consumer Non-Durables0.18%
Consumer Services0.12%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America80.76%
Asia7.33%
Europe5.36%
Latin America3.15%
Middle East3.13%
Oceania0.26%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history