Symbols

ONEY

State Street SPDR Russell 1000 Yield Focus ETF·ARCA

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Key Stats

Assets Under Management

827.75MUSD

Fund Flows (1Y)

-40.27MUSD

Dividend Yield

2.98%

Discount/Premium to NAV

-0.03%

Shares Outstanding

6.90M

Expense Ratio

0.20%

About State Street SPDR Russell 1000 Yield Focus ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-russell-1000-yield-focus-etf-oney

Inception Date

Dec 2, 2015

Structure

Open-Ended Fund

Index Tracked

Russell 1000 Yield Focused Factor Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

ONEY is not primarily an income play despite the "yield" in its name. Rather, the fund is part of a suite of ETFs (along with ONEV and ONEO) that scores the members of the Russell 1000 index on three "core" factors (value, quality and small size) and one "focus" factor—in this case, yield. These factor scores are scaled by market cap to determine weighting, and holdings with weights below a certain threshold get dropped from the index. The result is a portfolio that loosely resembles the broad market, but with emphasis on the four factors, including yield. ONEY's Russell 1000 lineage means it holds a significant contingent of midcaps, a condition that's amplified by the small size factor tilt. The fund launched in December 2015. The index is rebalanced annually in June.