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ONEO - SPDR Russell 1000 Momentum Focus ETF


ONEO ETF Stock Chart

ONEO Profile

SPDR Russell 1000 Momentum Focus ETF logo

SPDR Russell 1000 Momentum Focus ETF (ONEO) is an exchange-traded fund that seeks to provide exposure to U.S. large-cap stocks with strong momentum characteristics. Here's an extended company report for ONEO:

ONEO was launched by State Street Global Advisors in April 2015 and is based on the Russell 1000 Momentum Focused Factor Index. The fund aims to provide exposure to U.S. large-cap stocks with strong momentum characteristics, which means it invests in companies that have shown consistent positive price trends over a specified period of time. ONEO applies a rules-based methodology that seeks to identify stocks with strong momentum, while also considering diversification and liquidity.

ONEO aims to achieve its investment objective by investing in a diversified portfolio of U.S. large-cap stocks that exhibit strong momentum characteristics. As of March 18, 2023, the fund held 402 stocks in its portfolio with a total net asset value of approximately $1.3 billion. The top holdings of the fund include Adobe Inc., Amazon.com Inc., and Tesla Inc.

ONEO has an expense ratio of 0.20%, which is relatively low compared to other actively managed ETFs. The fund is managed by State Street Global Advisors, which is one of the largest and most experienced ETF providers in the world.

Investing in ONEO offers several potential benefits to investors. The fund provides exposure to U.S. large-cap stocks that have strong momentum characteristics, which may result in higher potential returns. The rules-based methodology used by the fund seeks to provide a systematic and efficient way of identifying stocks with strong momentum, while also considering diversification and liquidity. Additionally, the low expense ratio of the fund may result in higher net returns for investors.

However, investing in ONEO also carries risks. The fund's performance may be affected by changes in the stock market or specific industry sectors, as well as economic and political developments. The focus on momentum investing may also result in underperformance compared to other investment strategies during periods of market volatility or reversals.

In conclusion, SPDR Russell 1000 Momentum Focus ETF (ONEO) is an exchange-traded fund that seeks to provide exposure to U.S. large-cap stocks with strong momentum characteristics. The fund offers a diversified portfolio of stocks with potential for higher returns and has a relatively low expense ratio. However, the fund's performance may be affected by various factors, and investing in ONEO carries risks that investors should consider before


 

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