The ETF: SPDR S&P 500 ETF (SPY)

 

ProShares S&P ® Dividend Aristocrats ETF seeks investment results, before fees and expenses, that track the performance of the S&P ® Dividend Aristocrats ® Index.

It is a single security that trades on the exchange like a stock and gives Investors single-click exposure to an entire market, sector or commodity. SEC Day Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows investors to more fairly compare funds. Retrieved 16 December An ROC is a distribution to investors that returns some or all of their capital investment, thus reducing the value of their investment. Modified duration accounts for changing interest rates.

Fundamentals as of 9/28/18

Learn everything about Vanguard S&P ETF (VOO). Free ratings, analyses, holdings, benchmarks, quotes, and news.

Currency refers to a generally accepted medium of exchange, such as the dollar, the euro, the yen, the Swiss franc, etc. Market neutral is a strategy that involves attempting to remove all directional market risk by being equally long and short.

Futures refers to a financial contract obligating the buyer to purchase an asset or the seller to sell an asset , such as a physical commodity or a financial instrument, at a predetermined future date and price. Global macro strategies aim to profit from changes in global economies that are typically brought about by shifts in government policy, which impact interest rates and in turn affect currency, bond and stock markets.

Hedge funds invest in a diverse range of markets and securities, using a wide variety of techniques and strategies, all intended to reduce risk while focusing on absolute rather than relative returns.

Leverage refers to using borrowed funds to make an investment. Investors use leverage when they believe the return of an investment will exceed the cost of borrowed funds. Leverage can increase the potential for higher returns, but can also increase the risk of loss. Managed futures involves taking long and short positions in futures and options in the global commodity, interest rate, equity, and currency markets. Precious metals refer to gold, silver, platinum and palladium.

Private equity consists of equity securities in operating companies that are not publicly traded on a stock exchange. Real estate refers to land plus anything permanently fixed to it, including buildings, sheds and other items attached to the structure. Short selling or "shorting" involves selling an asset before it's bought.

Typically, an investor borrows shares, immediately sells them, and later buys them back to return to the lender. Volatility is the relative rate at which the price of a security or benchmark moves up and down. Volatility is also an asset class that can be traded in the futures markets. Tradable volatility is based on implied volatility , which is a measure of what the market expects the volatility of a security's price to be in the future.

Geared investing refers to leveraged or inverse investing. CSM rated 5 stars for the 3-year period ending March 31, among 99 U. The information contained herein: Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The fund's performance and rating are calculated based on net asset value NAV , not market price.

An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. This estimate is subject to change, and the actual commission an investor pays may be higher or lower.

Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category. The overall rating for an ETF is based on a weighted average of the time-period ratings e. The determination of an ETF's rating does not affect the retail open-end mutual fund data published by Morningstar. SEC Day Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows investors to more fairly compare funds.

The figure is calculated by dividing the net investment income less expenses by the current maximum offering price. Current yield is equal to a bond's annual interest payment divided by its current market price. The investment return and principal value of an investment will fluctuate.

Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at direxioninvestments. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. Skip to main content. Target increased daily exposure to common broad-based indexes.

Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The fund's performance and rating are calculated based on net asset value NAV , not market price.

An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF.

This estimate is subject to change, and the actual commission an investor pays may be higher or lower. Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category.

The overall rating for an ETF is based on a weighted average of the time-period ratings e. The determination of an ETF's rating does not affect the retail open-end mutual fund data published by Morningstar.

SEC Day Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows investors to more fairly compare funds.

The figure is calculated by dividing the net investment income less expenses by the current maximum offering price. Current yield is equal to a bond's annual interest payment divided by its current market price. The current yield only refers to the yield of the bond at the current moment, not the total return over the life of the bond.

Dividend yield shows how much a company pays out in dividends each year relative to its share price. In the absence of any capital gains, the dividend yield is the return on investment for a stock. Effective duration is a measure of a fund's sensitivity to interest rate changes, reflecting the likely change in bond prices given a small change in yields.

Higher duration generally means greater sensitivity. Effective duration for this fund is calculated including both the long bond positions and the short Treasury futures positions. Distribution Yield represents the annualized yield based on the last income distribution. Trailing price to earnings ratio measures market value of a fund or index relative to the collective earnings of its component stocks for the most recent month period.

Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks. Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization price times shares outstanding of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Sometimes distributions are re-characterized for tax purposes after they've been declared. An ROC is a distribution to investors that returns some or all of their capital investment, thus reducing the value of their investment. In an efficient market, the investment's price will fall by an amount approximately equal to the ROC. In general, investors are not taxed on an ROC unless it begins to exceed their original investment value. This is the dollar amount of your initial investment in the fund.

This is the percentage change in the index or benchmark since your initial investment. Enter a positive or negative number. This is the dollar value that your account should be after you rebalance.

This is the dollar amount you have invested in your fund.