SPDR Russell 1000 Momentum Focus ETF (ONEO)
ARCA ARCA Primary Summary
ONEO Chart
ONEO: A Large-Cap Momentum ETF With Surprisingly Bad Momentum Features
ONEO is designed to select large-cap momentum stocks after first applying a size, quality, and value factor overlay. Fees are 0.20% and the ETF manages $99 million in assets. Unfortunately, ONEO does not deliver on its objective. My fundamental analysis demonstrates it's merely a well-diversified large-cap value fund targeting smaller Russell 1000 Index stocks. This article includes underlying metrics demonstrating its momentum and quality metrics are well below average, summarized by #194/259 and #235/259 momentum and quality rankings in its category.
SPDR Russell 1000 Momentum Focus ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AC Adam Claypool First Community Trust Na | 18 | $2,329 | $2,738.99 | $409.99 | 17.6% |
| BAW Boyce & Associates Wealth Consulting Inc. Boyce & Associates Wealth Consulting Inc. | 1,664 | $165,932.69 | $252,422.14 | $86,489.45 | 52.12% |
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SPDR Russell 1000 Momentum Focus ETF Profile
| ARCA Exchange | US Country |
Overview
The referenced entity is an investment fund that focuses on replicating the performance of an index representing a segment of large-capitalization U.S. equity securities. These securities are selected based on a combination of core factors, including high value, quality, and lower size characteristics, but with a significant emphasis on high momentum factors. The fund aims to allocate at least 80% of its total assets towards securities within this index, adhering to its strategy under normal market conditions.
Products and Services
The fund mainly offers investment products centered around a specific investment strategy. Below is a detailed breakdown:
- Index-Based Investment Fund
This product is designed for investors looking to gain exposure to a segment of large-capitalization U.S. equity securities. The fund operates with a strategy that involves investing at least 80% of its total assets in securities that comprise the targeted index. The index mirrors the performance of U.S. stocks demonstrating a blend of core investment characteristics (value, quality, and size) with a special focus on stocks exhibiting high momentum traits. This approach aims to provide investors with a balanced exposure to high-performing large-cap U.S. equities, leveraging momentum for potential returns.
