Transportation Innovation

[gfp927z]

>>> SPDR S&P Kensho Smart Mobility ETF (HAIL)


12-11-20

Yahoo Finance


https://finance.yahoo.com/news/7-electric-vehicle-stocks-style-133544446.html


52-Week Range: $15.70 – $53.19
YTD change: Up 71.45%
Dividend Yield: 0.24%
Expense Ratio: 0.45%

Next in line is another fund, i.e., the SPDR S&P Kensho Smart Mobility, that provides access to innovative companies behind the evolution in transportation. In addition to EV manufacturers, other companies involved in hydrogen cell, batteries, as well as drones are part of the ETF. Put another way, this is not a dedicated EV fund, which means increased diversification that could appeal to some investors.

HAIL, which started trading in 2017, currently has 56 holdings. Assets under management are close to $73 million. The top ten firms comprise over 40% of the fund. Nio, hydrogen fuel cell technology group Plug Power (NASDAQ:PLUG), Tesla, Workhorse (NASDAQ:WKHS) and components supplier BorgWarner (NYSE:BWA) head the names in the list.

In terms of sector allocation, over fifteen industry groups are represented. Automobile Manufacturers lead with 24.70%. Next in line are Auto Parts & Equipment (21.08%), and Semiconductors (11.70%). Year-to-date, the fund is up over 70% and hit an all-time high in late November.

<<<