FITE: STATE STREET(R) SPDR(R) S&P KENSHO FUTURE SECURITY ETF
What this ETF is trying to do
The STATE STREET(R) SPDR(R) S&P KENSHO FUTURE SECURITY ETF (FITE) is an exchange-traded fund designed to invest in companies related to future security. Based on its top holdings, the fund has significant exposure to cybersecurity and technology companies like Rapid7 Inc, Okta Inc, and Zscaler Inc. This ETF holds a total of 79 different companies.
What the numbers show
The data shows that FITE has experienced significant growth over several timeframes.
• Year-to-Date (YTD): The price return is approximately 32.48%. When including distributions, the YTD total return is approximately 32.59%.
• One-Year: The one-year price return is approximately 27.55%, while the one-year total return is approximately 27.71%.
• Three-Year: The three-year price return is approximately 147.54%, and the three-year total return is approximately 148.83%.
To put the one-year growth in perspective, the current price is $113.05. The estimated price from roughly one year ago was approximately $88.63.
Income and distribution explanation
FITE provides cash distributions to investors. The distribution yield is approximately 0.11%. This number describes the cash paid out relative to the current ETF price. The fund usually pays distributions on a quarterly basis, with 4 payouts recorded over the last 12 months. It is important to remember that a distribution yield is not the same as total return; total return includes both price changes and these cash payments.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, looking at price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Strong Price Growth: The fund has shown high price returns over the one-year and three-year periods.
• Positive Erosion Score: The data indicates no detected price erosion.
• Income Rating: The fund has an income rating grade of "A."
Cons
• Low Yield: The distribution yield is relatively low at approximately 0.11%.
• Partial Data: The list of top holdings is only a partial view of the total 79 companies held in the fund.
Beginner takeaway
FITE is an ETF focused on the security sector that has seen substantial price increases over the last three years. While it pays a small quarterly distribution, its primary performance driver appears to be share-price growth rather than high income. There are currently no indicators in the supplied data suggesting price erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | RAPID7 INC | RPD | 2.32% |
| 2 | OKTA INC CLASS A | OKTA | 2.28% |
| 3 | ZSCALER INC | ZS | 2.20% |
| 4 | QUALYS INC | QLYS | 2.14% |
| 5 | SENTINELONE INC CLASS A | S | 2.08% |
| 6 | CROWDSTRIKE HOLDINGS INC CLASS A | CRWD | 2.07% |
| 7 | RUBRIK INC CLASS A SHARES | RBRK | 2.07% |
| 8 | CLOUDFLARE INC | NET | 2.05% |
| 9 | PALO ALTO NETWORKS INC | PANW | 1.91% |
| 10 | VARONIS SYSTEMS INC | VRNS | 1.88% |