XITKSPDR FactSet Innovative Technology ETF
XITK Fund Description
XITK tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet.
XITK Factset Analytics Insight
XITK invests in US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. Specifically, companies selected are required to derive at least 50% of their revenue from information technology services, hardware and software manufacturing, electronic components manufacturing, manufacturing equipment and services, and electronic media. Alongside the fund's sector qualification, the companies selected must exhibit innovation. To be considered innovative, the companies must belong to technology industries exhibiting top quartile revenue growth over 1-year and 3-year periods. Constituents are given equal weight within the fund. The index is reconstituted annually in December.
XITK MSCI ESG Analytics Insight
SPDR FactSet Innovative Technology ETF has an MSCI ESG Fund Rating of BB based on a score of 4.09 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR FactSet Innovative Technology ETF ranks in the 11st percentile within its peer group and in the 14th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
XITK MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
XITK Summary Data
XITK Portfolio Data
XITK Index Data
XITK Portfolio Management
XITK Tax Exposures
XITK Fund Structure
XITK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XITK. XITK is rated a 5 out of 5.
XITK Sector/Industry Breakdown
XITK Top 10 Holdings[View All]
XITK Economic Development
XITK Performance Statistics
XITK MSCI ESG Ratings
XITK Benchmark Comparison Summary
XITK Benchmark Comparison Market Cap Size