FITE

State Street SPDR S&P Kensho Future Security ETF

$83.01

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The SPDR S&P Kensho Future Security ETF (FITE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index.

Overview

ETF tracking State Street SPDR S&P Kensho Future Security ETF

Category Innovation

Issuer State Street

Inception Date 2017-12-27

Market Cap $88.8M

Average Volume N/A

Dividend Yield 0.20%

52-Week Range $56.51 - $91.61

VWAP $82.43

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a passive management approach, attempting to track the performance of the underlying index. The index is designed to capture companies that are involved in the development of future security-related technologies, including those focused on cybersecurity, robotics, and space exploration.

✨ Key Features

Provides exposure to a diversified portfolio of companies involved in emerging future security technologies
Tracks the S&P Kensho Future Security Index, which is designed to identify and weight companies based on their involvement in the future security industry
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific industry sector
Volatility risk as the fund invests in emerging and innovative technologies
Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
Liquidity risk due to the fund's small asset size and trading volume

👤 Best For

The SPDR S&P Kensho Future Security ETF may be suitable for investors seeking exposure to the long-term growth potential of companies involved in future security-related technologies. However, due to the fund's narrow focus and limited performance history, it may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.