SPTE: SP FUNDS S&P GLOBAL TECHNOLOGY ETF
SP FUNDS S&P GLOBAL TECHNOLOGY ETF (SPTE)
What this ETF is trying to do
The SPTE ETF focuses on the technology sector. It holds a variety of companies involved in global tech industries. Because this is a partial list, we can only see some of its holdings, but it includes many well-known names.
Top Holdings:
• TSM (11.54%)
• NVIDIA CORP (11.46%)
• APPLE INC (11.20%)
• MICROSOFT CORP (9.02%)
• ASML HOLDING NV (6.03%)
• MEDIATEK INC (4.46%)
• BROADCOM INC (4.38%)
• MICRON TECHNOLOGY INC (2.70%)
• DELTA ELECTRONICS INC (2.51%)
• SAP SE ADR (2.20%)
Please remember that holdings can change over time.
What the numbers show
The numbers help us see how the share price and total value have moved. It is important to know that price return only tracks the change in the share price, while total return includes both the price change and any distributions (cash payments) received.
• Year-to-Date (YTD): The price return is approximately 47.36%. The total return is approximately 47.56%.
• One-Year: The price return is approximately 44.65%. The total return is approximately 45.98%.
To visualize the price change, we can look at an estimated price from roughly one year ago, which was $35.86. The current price is $51.87.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is approximately 0.65%. These payments usually happen monthly, with 12 payments recorded over the last year. While these payments provide cash income, they are not the same as total return.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases significantly. Some investors worry about this because they want to keep their original investment amount stable while collecting income.
For SPTE, the erosion-risk score is 100, and the label shows "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• Strong Price Growth: The ETF has shown significant price returns both year-to-date and over the last year.
• Low Erosion Risk: The data shows no detected price erosion.
Cons
• Limited Income: The distribution yield is relatively low at approximately 0.65%.
• Sector Focus: This ETF is focused on technology, which means it may behave differently than a fund that holds many different types of companies.
Beginner takeaway
SPTE has experienced significant growth in its share price over the last year. It also provides small monthly cash distributions. When looking at this ETF, it is helpful to distinguish between the price return (how much the share price went up) and the total return (the price increase plus the cash distributions).
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | n/a | TSM | 11.54% |
| 2 | NVIDIA CORP | NVDA | 11.46% |
| 3 | APPLE INC | AAPL | 11.20% |
| 4 | MICROSOFT CORP | MSFT | 9.02% |
| 5 | ASML HOLDING NV | n/a | 6.03% |
| 6 | MEDIATEK INC | n/a | 4.46% |
| 7 | BROADCOM INC | AVGO | 4.38% |
| 8 | MICRON TECHNOLOGY INC | MU | 2.70% |
| 9 | DELTA ELECTRONICS INC | n/a | 2.51% |
| 10 | SAP SE ADR | SAP | 2.20% |