State Street® SPDR® FactSet Innovative Technology ETF

What this fund is

State Street® SPDR® FactSet Innovative Technology ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker XITK (ISIN US78464A1108). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. At its core it is a focused, thematic fund: it concentrates on the technology part of the market, so it lives or dies by that one area rather than the economy as a whole. Underneath, it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't. Rather than a manager picking stocks, it simply replicates the FactSet Innovative Technology Index index — the passive, low-cost approach, and its largest holdings include AXT INC, APPLIED OPTOELECTRONICS INC and SILICON MOTION TECHNOL ADR.

With about 99 holdings (the ten largest ≈ 26.5%), your money is diversified rather than concentrated in a handful of names. By industry it concentrates most in ~70.2% Technology and ~8.3% Communication Services. A focused fund like this is typically held as a smaller 'satellite' position around a broader core — a way to lean into one theme, not usually a portfolio's only holding. Its ongoing charge (TER) is 0.45% a year — about €45 a year on a €10,000 holding, taken automatically from the fund. It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD.

Its price has swung about 28.5% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2016. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from SPDR.)