Bristol-Myers

Gilead Sciences

Altria

PACCAR

Cummins

Sysco

Cognizant Technology Solutions

Ford Motor Company

Cardinal Health

Diamondback Energy

SPDR Russell 1000 Yield Focus ETF

ONEY tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors that are scaled by market cap.

A smart beta exchange traded fund, the SPDR Russell 1000 Yield Focus ETF (ONEY) debuted on 12/02/2015, and offers broad exposure to the Style Box - Large Cap Value category of the market.

Is SPDR Russell 1000 Yield Focus ETF (ONEY) a Strong ETF Right Now?

Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the SPDR Russell 1000 Yield Focus ETF (ONEY) is a passively managed exchange traded fund launched on 12/02/2015.

Should SPDR Russell 1000 Yield Focus ETF (ONEY) Be on Your Investing Radar?

SPDR Russell 1000 Yield Focus ETF has a portfolio of 300 dividend stocks with quality and value characteristics. The portfolio is heavily invested in US mid-cap companies, and well-diversified across sectors and holdings. ONEY's valuation is attractive, but some quality metrics look average despite the strategy description, performance is unconvincing and volatility is high.

ONEY: Unconvincing Multi-Factor Dividend ETF

SPDR Russell 1000 Yield Focus ETF is a passive ETF that focuses on large-cap U.S. equities with strong dividend yields. ONEY has a competitive expense ratio of 0.20% and a significant AUM of over $750 million. The fund's holdings are diversified and include companies such as Pioneer Natural Resources, Devon Energy Corp, and Diamondback Energy Inc.

ONEY: A Value Play Focused On Yield

ONEY is an index-based fund focusing on U.S. dividend names with solid quality and meaningful yields. ONEY has underperformed the S&P 500 since the previous note, with exposure to financials being one of the likely reasons. Though not a permabear, I would advocate against reducing exposure to the value factor and cranking up bets on growth at this juncture.

ONEY Still Has A Factor Mix I Like

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SPDR Dow Jones Industrial Average ETF

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Vanguard Mega Cap Growth ETF

Vanguard Mega Cap Value ETF

Invesco PureBeta MSCI USA ETF

Invesco QQQ

SPDR Portfolio S&P 500 ETF

SPDR Portfolio Total Stock Market ETF

SPDR S&P 500 ETF Trust

SPDR Portfolio S&P 500 High Dividend ETF

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Vanguard Russell 1000 Growth ETF

Vanguard Russell 1000 Value ETF

Vanguard S&P 500 Growth ETF

Vanguard S&P 500 Value ETF

Vanguard Value ETF

Vanguard Large-Cap ETF

SPDR S&P Health Care Services ETF

Communication Services Select Sector SPDR Fund

Energy Select Sector SPDR Fund

This ETF trading model uses the Conference Board Leading Economic Index to determine “Risk-On” periods for equities. A universe is defined from the SPDR, Vanguard, and PowerShares ETF providers for the sectors healthcare, energy, communication, technology, and general multi-sector funds, holding large-mega cap stocks from the United States.

Timing The Stock Market With The Conference Board Leading Economic Index

ONEY: An Option To Invest In Large-Cap Stocks With High Quality And Yield.

ONEY: An Option To Invest In Large-Cap Stocks With High Quality And Yield

ONEY favors mostly large-cap U.S. equities with robust quality and higher dividend yields. ONEY has outperformed the S&P 500 since my previous article.

ONEY Is A Solid ETF For Large-Cap Quality And Value Exposure

ONEY is a fairly inexpensive investment vehicle worth considering to gain exposure to a basket of mostly large cap, high quality, dividend-paying U.S. equities. Debuted in 2015, ONEY follows a smart-beta investment strategy that is to track the Russell 1000 Yield Focused Factor Index.

News for SPDR Russell 1000 Yield Focus ETF ETF (ONEY)