State Street SPDR MSCI USA Gender Diversity ETF (SHE)

The SPDR SSGA Gender Diversity Index ETF is designed to provide investors with exposure to companies that exhibit a commitment to gender diversity within their boards of directors. Under normal market conditions, the fund invests at least 80% of its total assets in the securities that make up the underlying index, which is specifically selected based on gender diversity criteria. The index focuses on companies with higher representation of women in board positions, aiming to highlight firms that are leaders in gender diversity.

The ETF’s investment strategy involves allocating substantially all, but at least 80%, of its assets to the securities included in the gender diversity index. This index is comprised of companies that meet specific criteria related to the percentage of women on their boards, reflecting a commitment to gender balance and inclusive governance practices. In addition to investing in the index securities, the fund may also allocate a portion of its assets to equity securities not included in the index, as well as cash and cash equivalents or money market instruments, allowing for liquidity and flexibility in its investment approach.

The SPDR SSGA Gender Diversity Index ETF is characterized by its focus on gender diversity, which is an important factor for investors interested in promoting equality and diversity within corporate leadership. The underlying index is designed to track the performance of companies that demonstrate leadership in gender diversity, thus providing investors with a tool to support and benefit from companies that are making strides towards more inclusive governance practices. This targeted investment approach aligns with broader trends towards diversity and inclusion in the corporate world.

Being non-diversified, the fund’s holdings are concentrated in companies that meet the gender diversity criteria set by the index. This concentration can lead to higher exposure to specific sectors or industries where gender diversity practices are more prevalent. This targeted strategy aims to align investment returns with the values of promoting gender diversity and representation in corporate governance.