State Street® SPDR® Russell 1000 Low Volatility Focus ETF

What this fund is

State Street® SPDR® Russell 1000 Low Volatility Focus ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker ONEV (ISIN US78468R7540). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms 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, spread across its target market. Rather than a manager picking stocks, it simply replicates the Russell 1000 Low Volatility Focused Factor Index index — the passive, low-cost approach, and its largest holdings include ALLSTATE CORP, PROGRESSIVE CORP and MCKESSON CORP.

With about 453 holdings (the ten largest ≈ 9.5%), your money is diversified rather than concentrated in a handful of names. By industry it concentrates most in ~17.3% Industrials and ~15.9% Financials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.2% a year — about €20 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 11.3% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2015. 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.)