CNRG

State Street SPDR S&P Kensho Clean Power ETF

$94.97

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The SPDR S&P Kensho Clean Power ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index.

Overview

ETF tracking State Street SPDR S&P Kensho Clean Power ETF

Category Thematic

Issuer State Street

Inception Date 2018-10-23

Market Cap $194.2M

Average Volume N/A

Dividend Yield 0.73%

52-Week Range $43.99 - $105.14

VWAP $95.15

Performance

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Investment Summary

📎 Investment Objective

The SPDR S&P Kensho Clean Power ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index.

🎯 Investment Strategy

The fund employs a passive management strategy designed to track the performance of the underlying index, which is composed of U.S.-listed equity securities of companies that are involved in the clean power industry. The index aims to capture companies that are best positioned to benefit from the transition toward clean power generation and energy storage.

✨ Key Features

Provides exposure to companies involved in the clean power industry, including renewable energy, energy storage, and related technologies
Utilizes a passive, index-tracking strategy to replicate the performance of the S&P Kensho Clean Power Index
Diversified portfolio across various clean power sub-sectors and industries
Low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk: The fund's performance is closely tied to the clean power industry, which may be subject to significant volatility and regulatory changes
Market risk: The value of the fund's shares may fluctuate due to changes in the overall stock market
Sector risk: The fund's performance may be more volatile than the overall market due to its focus on the clean power sector
Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

The SPDR S&P Kensho Clean Power ETF may be suitable for investors seeking exposure to the clean power industry as part of a diversified portfolio. Investors with a long-term investment horizon and a higher risk tolerance may find this fund appropriate, as the clean power sector can be subject to significant volatility.