SPDR® S&P Kensho Clean Power ETF CNRG

Important Risk Disclosure

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Clean power companies may be highly dependent upon government subsidies, contracts with government entities, and the successful development of new and proprietary technologies. Clean power companies may be affected by competition from new and existing market entrants, obsolescence of technology, short product cycles, changes in exchange rates, imposition of import controls, and depletion of resources. In addition, seasonal weather conditions, fluctuations in supply of and demand for clean energy products or services, and international political events may cause fluctuations in the performance of clean power companies and the prices of their securities. Risks associated with fluctuations in energy prices and supply and demand of alternative energy fuels, energy conservation, the success of exploration projects and tax and other government regulations can significantly affect clean power companies.

When the Fund focuses its investments in a particular industry or sector, financial, economic, business, and other developments affecting issuers in that industry, market, or economic sector will have a greater effect on the Fund than if it had not done so.

Passively managed funds hold 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.

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.

Intellectual Property Information: 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.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$79.00

as of May 19 2022

Base Currency

USD

Assets Under Management

$250.04 M

as of May 19 2022

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.45%


Key Features

Key Features

  • The SPDR S&P Kensho Clean Power ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index (the “Index”)
  • Seeks to track an index utilizing artificial intelligence and a quantitative weighting methodology to capture companies whose products and services are driving innovation behind the clean energy sector, which includes the areas of solar, wind, geothermal, and hydroelectric power
  • May provide an effective way to pursue long-term growth potential by investing in a portfolio of companies involved in the transition to lower emission generating power supply


About this Benchmark

About this Benchmark

The S&P Kensho Clean Power Index (the “Index”) is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Clean Power sector as determined by a classification standard produced by S&P Dow Jones Indices LLC (the “Index Provider”). The Index is designed to capture companies whose products and services are driving innovation behind clean power. In particular, the Index comprises the components of the S&P Kensho Cleantech Index and the S&P Kensho Clean Energy Index (the “Underlying Indexes”) as of the Index’s annual reconstitution day, subject to certain liquidity thresholds for each component. The S&P Kensho Cleantech Index seeks to track companies that offer products and services related to manufacturing the technology for renewable energy (solar, wind, hydro, geothermal), or are a necessary component of the supply chain for such products and services. The S&P Kensho Clean Energy Index seeks to track companies that offer products and services related to renewable energy (solar, wind, hydro, geothermal) generation and transmission, or are a necessary component of the supply chain for such products and services.


Fund Information as of May 20 2022

Fund Information as of May 20 2022
Benchmark Inception Date Options Available Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Administrator Investment Manager
S&P Kensho Clean Power Index Oct 22 2018 No 0.45% USD State Street Global Advisors Funds Management Inc. SSGA Funds Management, Inc.
Benchmark S&P Kensho Clean Power Index
Inception Date Oct 22 2018
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.45%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Distributor Distribution Frequency
Global Equity Beta Solutions State Street Global Advisors Funds Distributors, LLC Quarterly
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly

Listing Information as of May 20 2022

Listing Information as of May 20 2022
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Oct 23 2018 USD CNRG 78468R655 US78468R6559
Exchange NYSE ARCA EXCHANGE
Listing Date Oct 23 2018
Trading Currency USD
Ticker CNRG
CUSIP 78468R655
ISIN US78468R6559

Fund Characteristics as of May 19 2022

Fund Characteristics as of May 19 2022
Est. 3-5 Year EPS Growth

Estimated 3-5 Year EPS Growth

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

Number of Holdings Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

Weighted Average Market Cap
19.76% 45 1.77 15.29 $33,265.60 M
Est. 3-5 Year EPS Growth

Estimated 3-5 Year EPS Growth

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

19.76%
Number of Holdings 45
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

1.77
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

15.29
Weighted Average Market Cap $33,265.60 M

Index Characteristics as of May 19 2022

Index Characteristics as of May 19 2022
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
19.75% 45 11.43 16.42 15.29
Est. 3-5 Year EPS Growth 19.75%
Number of Holdings 45
Price/Cash Flow 11.43
Price/Earnings 16.42
Price/Earnings Ratio FY1 15.29

Index Statistics as of May 19 2022

Index Statistics as of May 19 2022

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$33,270.91 M $30,400.32 M $3,423.60 M $734,959.10 M $63.47 M
Weighted Average Market Cap $33,270.91 M
Average Size
Mean $30,400.32 M
Median $3,423.60 M
Size Range
Largest $734,959.10 M
Smallest $63.47 M

Yields as of May 18 2022

Yields as of May 18 2022
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

Fund Distribution Yield

Fund Distribution Yield

The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

1.47% - 1.56% 2.47%
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

1.47%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

-
Fund Distribution Yield

Fund Distribution Yield

The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

1.56%
Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

2.47%

Fund Market Price as of May 19 2022

Fund Market Price as of May 19 2022
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

$79.00 $78.97 $79.30 $76.46 3,742 -0.01% 0.14%
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$79.00
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$78.97
Day High $79.30
Day Low $76.46
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

3,742
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

-0.01%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0.14%
Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

x axis: Dates
y axis: Premium or Discount (bps)
Number of Days Summary
Calendar Year 2021 First Quarter of 2022
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

128 14
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

124 48
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

Calendar Year 2021 128
First Quarter of 2022 14
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

Calendar Year 2021 124
First Quarter of 2022 48
Fund Data

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Fund Net Cash Amount as of May 19 2022

Fund Net Cash Amount as of May 19 2022
Net Cash Amount
$994,156.65
Net Cash Amount $994,156.65

Fund Net Asset Value as of May 19 2022

Fund Net Asset Value as of May 19 2022
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

Shares Outstanding Assets Under Management
$79.00 3.16 M $250.04 M
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$79.00
Shares Outstanding 3.16 M
Assets Under Management $250.04 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Oct 22 2018

as of Apr 30 2022

as of Mar 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 22 2018
Fund Before Tax
NAV Apr 30 2022 -14.62% -14.62% -15.02% -26.04% 31.43% - - 32.33%
Market Value Apr 30 2022 -14.63% -14.63% -14.98% -26.05% 31.44% - - 32.34%
S&P Kensho Clean Power Index Apr 30 2022 -14.61% -14.61% -14.89% -25.75% 31.63% 25.31% - 32.62%
Fund After Tax
Return after Taxes on Distributions Apr 30 2022 -14.62% -14.62% -15.09% -26.29% 30.82% - - 31.71%
Return after Taxes on Distributions and Sale of Fund Shares Apr 30 2022 -8.65% -8.65% -8.88% -15.22% 25.06% - - 26.10%
S&P Kensho Clean Power Index Apr 30 2022 -14.61% -14.61% -14.89% -25.75% 31.63% 25.31% - 32.62%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 22 2018
Fund Before Tax
NAV Mar 31 2022 6.94% -0.47% -0.47% -20.23% 40.44% - - 39.49%
Market Value Mar 31 2022 6.99% -0.41% -0.41% -20.25% 40.46% - - 39.51%
S&P Kensho Clean Power Index Mar 31 2022 7.01% -0.34% -0.34% -20.11% 40.67% 30.16% - 39.79%
Fund After Tax
Return after Taxes on Distributions Mar 31 2022 6.86% -0.55% -0.55% -20.49% 39.79% - - 38.82%
Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2022 4.11% -0.28% -0.28% -11.82% 32.61% - - 32.13%
S&P Kensho Clean Power Index Mar 31 2022 7.01% -0.34% -0.34% -20.11% 40.67% 30.16% - 39.79%

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.45%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of May 19 2022
Index Top Holdingsas of May 19 2022

Fund Top Holdings as of May 19 2022

Name Shares Held Weight
Centrais Eletricas Brasileiras SA-Eletrobras Sponsored ADR 1,117,013 4.02%
Consolidated Edison Inc. 101,601 3.88%
JinkoSolar Holding Co. Ltd. Sponsored ADR 170,095 3.87%
Enbridge Inc. 215,441 3.86%
New Jersey Resources Corporation 205,498 3.77%
Algonquin Power & Utilities Corp. 590,682 3.43%
Daqo New Energy Corp Sponsored ADR 178,126 3.30%
Ormat Technologies Inc. 104,391 3.29%
ALLETE Inc. 131,817 3.26%
Arcosa Inc. 145,843 3.16%
Download All Holdings: Daily

Index Top Holdings as of May 19 2022

Name Weight
Centrais Eletricas Brasileiras SA-Eletrobras Sponsored ADR 4.02%
Consolidated Edison Inc. 3.88%
JinkoSolar Holding Co. Ltd. Sponsored ADR 3.87%
Enbridge Inc. 3.85%
New Jersey Resources Corporation 3.77%
Algonquin Power & Utilities Corp. 3.43%
Daqo New Energy Corp Sponsored ADR 3.30%
Ormat Technologies Inc. 3.29%
ALLETE Inc. 3.26%
Arcosa Inc. 3.16%

Sub-Industry Allocation

Sub-Industry Allocation

Fund Sub-Industry Allocation as of May 19 2022

Sector Weight
Electric Utilities 18.09%
Semiconductors 13.36%
Electrical Components & Equipment 12.18%
Semiconductor Equipment 9.84%
Renewable Electricity 9.71%
Construction & Engineering 7.82%
Multi-Utilities 7.31%
Oil & Gas Storage & Transportation 3.86%
Gas Utilities 3.77%
Independent Power Producers & Energy Traders 3.36%
Heavy Electrical Equipment 2.65%
Industrial Conglomerates 2.57%
Diversified Chemicals 2.39%
Automobile Manufacturers 2.21%
Industrial Machinery 0.88%

Index Sub-Industry Allocation as of May 19 2022

Sector Weight
Electric Utilities 18.08%
Semiconductors 13.36%
Electrical Components & Equipment 12.20%
Semiconductor Equipment 9.85%
Renewable Electricity 9.70%
Construction & Engineering 7.82%
Multi-Utilities 7.31%
Oil & Gas Storage & Transportation 3.85%
Gas Utilities 3.77%
Independent Power Producers & Energy Traders 3.36%
Heavy Electrical Equipment 2.64%
Industrial Conglomerates 2.57%
Diversified Chemicals 2.39%
Automobile Manufacturers 2.21%
Industrial Machinery 0.88%

Purchase Information

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.


Fund Footnotes

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Unless otherwise noted all information contained herein is that of the SPDR® S&P Kensho Clean Power ETF.

KENSHO© is a registered service mark of Kensho Technologies Inc. (“Kensho”), and all Kensho financial indices in the Kensho New Economies© family and such indices’ corresponding service marks have been licensed by the Licensee in connection with the SPDR Kensho Intelligent Structures ETF, SPDR Kensho Smart Mobility ETF, SPDR Kensho Future Security ETF, SPDR Kensho Clean Power ETF, SPDR Kensho Final Frontiers ETF and SPDR Kensho New Economies Composite ETF (collectively, the “SPDR ETFs”).  The SPDR ETFs are not marketed, sold, or sponsored by Kensho, Kensho’s affiliates, or Kensho’s third party licensors.

Kensho is not an investment adviser or broker-dealer and Kensho makes no representation regarding the advisability of investing in any investment fund, other investment vehicle, security or other financial product regardless of whether or not it is based on, derived from, or included as a constituent of any Kensho New Economies© family index. Kensho bears no responsibility or liability for any business decision, input, recommendation, or action taken based on Kensho indices or any products based on, derived from, or included as a constituent of any such index. All referenced names and trademarks are the property of their respective owners.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

Prior to 12/10/2018, the S&P Kensho Clean Power Index was known as the Kensho Clean Power Index.

Prior to 06/25/2019, the SPDR S&P Kensho Clean Power ETF was known as the SPDR Kensho Clean Power ETF. Prior to 06/25/2019, the ticker for CNRG was XKCP.