State Street SPDR Russell 1000 Yield Focus ETF

Frequently Asked Questions About ONEY

What does ONEY invest in?

The State Street SPDR Russell 1000 Yield Focus ETF (ONEY) endeavors to replicate the overall investment performance of the Russell 1000 Yield Focused Factor Index, before accounting for any fees or expenses. This fund utilizes the principles of factor investing, commonly known as "smart beta," to address distinct investor objectives. For ONEY, the primary aim is generating consistent income through yield. This income-centric approach is designed to produce above-average dividend distributions, thereby boosting total returns and offering a diversified source of income. Such multi-factor smart beta strategies effectively bridge the gap between active and passive portfolio management, empowering investors to re-evaluate their market exposures and potentially optimize risk-adjusted returns with greater efficiency.

What is the expense ratio of ONEY?

State Street SPDR Russell 1000 Yield Focus ETF (ONEY) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is ONEY's distribution yield?

ONEY's trailing-twelve-month yield is 2.86%, calculated from the sum of distributions over the past year divided by the current price.

How does ONEY's covered-call strategy work?

ONEY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is ONEY?

State Street SPDR Russell 1000 Yield Focus ETF (ONEY) manages $669.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ONEY actively managed or an index fund?

ONEY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.