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About SPDR FactSet Innovative Technology ETF
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Inception date
Jan 13, 2016
Structure
Open-Ended Fund
Replication method
Physical
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)
XITK invests in US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. Specifically, companies selected are required to derive at least 50% of their revenue from information technology services, hardware and software manufacturing, electronic components manufacturing, manufacturing equipment and services, and electronic media. Alongside the fund's sector qualification, the companies selected must exhibit innovation. To be considered innovative, the companies must belong to technology industries exhibiting top quartile revenue growth over 1-year and 3-year periods. Constituents are given equal weight within the fund. The index is reconstituted annually in December.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Stocks99.97%
Technology Services80.81%
Electronic Technology9.00%
Producer Manufacturing4.37%
Commercial Services3.12%
Consumer Durables1.19%
Consumer Services0.74%
Finance0.74%
Bonds, Cash & Other0.03%
Mutual fund0.03%
Stock breakdown by region
North America89.57%
Middle East4.58%
Europe3.02%
Asia2.83%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XITK invests in stocks. The fund's major sectors are Technology Services, with 80.81% stocks, and Electronic Technology, with 9.00% of the basket. The assets are mostly located in the North America region.
XITK top holdings are Sezzle Inc. and fuboTV Inc., occupying 2.94% and 2.17% of the portfolio correspondingly.
XITK last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.01 USD in dividends, which shows a 90.12% increase.
XITK assets under management is 88.30 M USD. It's fallen 4.64% over the last month.
XITK fund flows account for −51.31 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
XITK shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Jan 13, 2016, and its management style is Passive.
XITK expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
XITK follows the FactSet Innovative Technology Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XITK invests in stocks.
XITK price has fallen by −1.29% over the last month, and its yearly performance shows a 25.81% increase. See more dynamics on XITK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.41% over the last month, have fallen by −1.41% over the last month, showed a 6.65% increase in three-month performance and has increased by 25.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −1.41% over the last month, have fallen by −1.41% over the last month, showed a 6.65% increase in three-month performance and has increased by 25.88% in a year.
XITK trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.