State Street® SPDR® Russell 1000 Momentum Focus ETF

What this fund is

State Street® SPDR® Russell 1000 Momentum Focus ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker ONEO (ISIN US78468R7623). 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. It passively tracks the Russell 1000 Momentum Focused Factor Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include ANGLOGOLD ASHANTI PLC, ALLSTATE CORP and ARCHER DANIELS MIDLAND CO.

With about 939 holdings (the ten largest ≈ 5.5%), your money is diversified rather than concentrated in a handful of names. Its heaviest sectors are ~18.1% Industrials and ~13.7% Technology. 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 13.3% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2015. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)