SPDR Kensho Clean Power ETF (XKCP)

Overview

The investment strategy focuses on seeking to mirror the performance of the S&P Kensho Clean Power Index, minus fees and expenses. Primarily, this involves investing at least 80% of the fund's total assets in the securities that form part of the index. The Index itself is meticulously designed to encompass companies that are at the forefront of driving innovation in the clean power sector. This indicates a strategic focus on investments in entities that contribute to the advancement of clean energy technologies and solutions. As a market approach, the fund is structured to maintain a non-diversified portfolio, which means it may concentrate its investments in fewer securities than a diversified fund.

Products and Services

• Securities from the S&P Kensho Clean Power Index

  These form the core of the fund's investments, aiming to closely replicate the Index's performance. By investing in companies featured within the Index, the fund supports and capitalizes on entities leading the charge in clean power innovation. This includes businesses involved in renewable energy production, energy storage solutions, and other technologies enhancing energy efficiency and sustainability.

• Equity Securities Not Included in the Index

  While the fund primarily focuses on securities within the Index, it also reserves the right to invest in equity securities outside of the Index. This provides the fund with flexibility to capitalize on opportunities that may not be captured by the Index but are within the broad scope of clean power and technology innovation. Such investments allow for potentially enhanced returns and strategic diversification within the fund's portfolio.

• Cash and Cash Equivalents

  The fund may allocate a portion of its assets to cash and cash equivalents, which include highly liquid investments such as money market instruments, repurchase agreements, and money market funds. This strategy is employed for managing liquidity needs, risk management, and operational flexibility. It ensures that the fund can meet redemption requests from investors and capitalize on investment opportunities promptly.