State Street Global Advisors Broadens its Smart Beta SPDR ETF Offering

Monday, December 7, 2015 1:03 pm EST



Public Company Information:

"In providing a new approach to factor investing that can help capture prevailing investor objectives, ONEY, ONEO and ONEV represent an exciting new chapter in the evolution of smart beta ETFs."

BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), announced the launch of three US smart beta ETFs. Designed to serve as core portfolio building blocks that may help investors improve their risk-adjusted returns, these SPDR ETFs represent smart beta strategies that may offer income generation, low volatility and alpha potential.

The three new ETFs, which began trading on the NYSE Arca, include:

  • SPDR Russell 1000 Yield Focus ETF (ONEY)
  • SPDR Russell 1000 Momentum Focus ETF (ONEO)
  • SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

“The adoption of smart beta strategies has been one of the most powerful trends in investing over the recent years and investors are now rethinking their core exposures to leverage approaches that seek to bridge the gap between active and passive,” said James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In providing a new approach to factor investing that can help capture prevailing investor objectives, ONEY, ONEO and ONEV represent an exciting new chapter in the evolution of smart beta ETFs.”

These three new smart beta ETFs were developed with the Alaska Permanent Fund Corporation (APFC) as a cornerstone investor in the funds.

The ETFs are designed to track the performance of rules based indexes from FTSE Russell. The Russell 1000 Focus ETFs are designed for investors who want to tailor their specific risk and return objectives while maintaining a core position within US equities. The objectives include looking for yield (ONEY), growth potential (ONEO) or low volatility (ONEV).

With the addition of the three new focused factor ETFs, SSGA’s smart beta product offerings now total $81 billion in AUM1. These new SPDR ETFs each have a gross expense ratio of 0.20 percent.

For more information on these innovative smart beta SPDR ETFs and the methodology of their underlying Indices, visit

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR ETFs. With trillions* in assets under management, our scale and global footprint provide unrivaled access to markets and asset classes, and allow us to deliver expert insights and investment solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2.2 trillion as of September 30, 2015. Assets under management include approximately $25 billion as of September 30, 2015, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.

Concentrated investments in a particular industry or sector may be more vulnerable to adverse changes in that industry or sector.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Concentrated investments in a particular industry or sector may be more vulnerable to adverse changes in that industry or sector.

Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

Dividend paying securities can fall out of favor with the market, causing such companies to underperform companies that do not pay dividends. Changes in dividend policies of companies may adversely affect fund performance.

Low volatility stocks are seen as having a lower risk profile than the overall markets, although subject to the risks of common stocks. However, a portfolio comprised of low volatility stocks may not produce investment exposure that has lower variability to changes in such stocks' price levels.

Momentum style of investing emphasizes investing in securities that have had higher recent price performance compared to other securities, which is subject to the risk that these securities may be more volatile and can turn quickly and cause significant variation from other types of investments.

Standard & Poor’s, S&P and SPDR are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

FTSE Russell is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell 1000 Focused Factor Index is a trademark of FTSE Russell.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the fund’s investment objectives, risks, charges and expenses, which are described in the fund’s prospectus. To obtain a prospectus or summary prospectus which contains information regarding these risks and other information, call 866.787.2257 or visit Read it carefully.

Not FDIC Insured * No Bank Guarantee * May Lose Value


1 SSGA: 9/30/15


State Street Corporation
Andrew Hopkins, +1-617-664-2422
Troy Mayclim, +1-914-686-5552

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