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The State Street SPDR Russell 1000 Momentum Focus ETF (ONEO) is structured to replicate the overall return performance of the Russell 1000 Momentum Focused Factor Index, prior to deducting fees and operational costs. This fund employs a factor-based, or "smart beta," investment strategy, specifically targeting the momentum factor to pursue greater growth opportunities for investors. By concentrating on momentum, the ETF aims to capture outsized gains from stocks that have recently displayed strong price appreciation, leveraging the observation that price trends in securities often persist over certain periods. This type of sophisticated factor-driven approach effectively bridges the divide between actively managed funds and passive index tracking, empowering investors to strategically adjust their market exposure and potentially enhance risk-adjusted returns more effectively.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| AU | ANGLOGOLD ASHANTI PLC | 0.69% | $242.63K |
| ALL | ALLSTATE CORP | 0.63% | $220.13K |
| DAL | DELTA AIR LINES INC | 0.62% | $216.81K |
| ADM | ARCHER DANIELS MIDLAND CO | 0.61% | $213.96K |
| EXPE | EXPEDIA GROUP INC | 0.54% | $187.99K |
| EIX | EDISON INTERNATIONAL | 0.52% | $180.25K |
| ZM | ZOOM COMMUNICATIONS INC | 0.48% | $167.48K |
| UTHR | UNITED THERAPEUTICS CORP | 0.47% | $164.87K |
| CF | CF INDUSTRIES HOLDINGS INC | 0.47% | $164.02K |
| CVS | CVS HEALTH CORP | 0.47% | $162.79K |
| NEM | NEWMONT CORP | 0.46% | $161.04K |
| HUM | HUMANA INC | 0.46% | $160.75K |
| REGN | REGENERON PHARMACEUTICALS | 0.46% | $159.34K |
| MCK | MCKESSON CORP | 0.45% | $158.95K |
| FTI | TECHNIPFMC PLC | 0.43% | $150.07K |
| DVN | DEVON ENERGY CORP | 0.43% | $149.19K |
| SYF | SYNCHRONY FINANCIAL | 0.42% | $146.53K |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | 0.42% | $146.35K |
| OVV | OVINTIV INC | 0.42% | $146.34K |
| PHM | PULTEGROUP INC | 0.41% | $143.91K |
| SPG | SIMON PROPERTY GROUP INC | 0.41% | $141.98K |
| PR | PERMIAN RESOURCES CORP CL A | 0.40% | $141.39K |
| TROW | T ROWE PRICE GROUP INC | 0.40% | $140.01K |
| MLI | MUELLER INDUSTRIES INC | 0.40% | $139.97K |
| BWA | BORGWARNER INC | 0.39% | $137.43K |