 The
SPDR Russell 1000 Low Volatility ETF (ONEV) is an exchange-traded fund
(ETF) that seeks to track the performance of the Russell 1000 Low
Volatility Index. Here's an extended company report for ONEV:
ONEV, launched in 2011, is designed to provide investors with exposure
to large-cap U.S. equities that exhibit lower volatility than the
broader market. The ETF seeks to achieve its investment objective by
tracking the Russell 1000 Low Volatility Index, which is composed of
150 stocks from the Russell 1000 Index with the lowest realized
volatility over the past 252 trading days.
ONEV's portfolio is
primarily invested in stocks from the financials, consumer staples,
and healthcare sectors, with the largest holdings in companies like
NextEra Energy, Procter & Gamble, and Verizon Communications.
As of March 18, 2023, the ONEV ETF has a total net asset value of
approximately $4.7 billion and an expense ratio of 0.20%, making it a
relatively inexpensive investment option compared to other actively
managed funds.
Investing in ONEV offers several potential
benefits to investors, such as lower volatility exposure to large-cap
U.S. equities, potential for improved risk-adjusted returns over the
long term, and diversification benefits for a well-balanced portfolio.
However, investing in ONEV also carries risks, such as market
risk, sector concentration risk, and interest rate risk. Additionally,
the fund's low volatility strategy may result in underperformance
during market upswings.
In conclusion, the SPDR Russell 1000
Low Volatility ETF (ONEV) is an ETF designed to provide investors with
lower volatility exposure to large-cap U.S. equities by tracking the
Russell 1000 Low Volatility Index. The ETF is composed of 150 stocks
with the lowest realized volatility over the past 252 trading days and
has a relatively low expense ratio. However, investors should consider
the potential risks associated with investing in ONEV before making
any investment decisions.
|
