SPDR S&P Kensho Smart Mobility ETF (HAIL)

Overview

The investment aims to mirror the performance of the S&P Kensho Smart Transportation Index. This goal is achieved by investing, before fees and expenses, in a way that closely aligns with the index's total return performance. Ordinarily, the fund will allocate almost all, if not entirely, its assets into the securities that make up the index, with a minimum commitment of 80% of its total assets. This focused approach targets the Smart Transportation sector, highlighting companies globally that are innovators in this area. Despite its specific focus, the fund maintains a non-diversified status, concentrating its investments in this futuristic aspect of transportation.

Products and Services

• Investment in Smart Transportation Sector

  The primary service offered by the fund is its investment in the securities that form the S&P Kensho Smart Transportation Index. These securities include U.S.-listed equity securities, such as depositary receipts, of companies both in developed and emerging markets. These companies are recognized for their contributions to the smart transportation sector, which includes innovations in automation, electrification, and shared mobility services. By investing in these companies, the fund aims to provide its investors with exposure to the forefront of transportation technology.

• Index-Based Investment Strategy

  The fund's investment strategy closely aligns with the performance of the S&P Kensho Smart Transportation Index. This means the fund aims to replicate the total return performance of the index, before accounting for fees and expenses. The strategy involves investing at least 80% of the fund's total assets in the securities that make up the index, ensuring a high degree of alignment with its performance. This approach is designed for investors looking for targeted exposure to the smart transportation sector within the global market landscape.