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State Street SPDR FactSet Innovative Technology ETF

$178.03

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The SPDR FactSet Innovative Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technologies Index.

Overview

ETF tracking State Street SPDR FactSet Innovative Technology ETF

Category Technology

Issuer State Street

Inception Date 2016-01-14

Market Cap $81.9M

Average Volume N/A

Dividend Yield N/A

52-Week Range $140.43 - $196.60

VWAP $178.35

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a passive management strategy designed to track the performance of the FactSet Innovative Technologies Index. The index is composed of companies that are involved in innovative and disruptive technologies, such as artificial intelligence, robotics, and cloud computing.

✨ Key Features

Provides exposure to a diversified portfolio of innovative technology companies
Tracks the FactSet Innovative Technologies Index, which is designed to identify emerging technology trends
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk: The fund is heavily concentrated in the technology sector, which can be volatile
Liquidity risk: As a new fund, it may have lower trading volume and liquidity compared to more established ETFs
Market risk: The value of the fund's holdings may decline due to general market conditions or other factors
Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

The SPDR FactSet Innovative Technology ETF may be suitable for investors seeking exposure to emerging and disruptive technology companies as part of a diversified portfolio. Due to the fund's concentration in the technology sector and limited performance history, it may be more appropriate for investors with a higher risk tolerance and a long-term investment horizon.