最近回报低于spmo但考虑了更多因子。
a multifactor index that gives exposure to large and midcap U.S. equities, using factor tilts for momentum, quality, value, size, and low volatility.
Expense ratio: ~0.08% (i.e. 8 basis points)
Net assets / size: Around $2.9?billion
Number of holdings: ~287 stocks
Key metrics & performance
Dividend / Yield
- 12 month trailing yield: ~1.16%
- Paid quarterly distributions.
Risk / Volatility / Beta
- 3 year standard deviation: ~15.41%
- Equity beta (3 year): ~1.01 (i.e. ≈ market exposure)
Concentration / Top holdings & sector exposure
- Top 10 holdings make up ~33% of the fund
- Large technology names dominate: NVDA, MSFT, AAPL, AMZN, Broadcom among the top weights.
- Primarily U.S. exposure; small overseas allocations (~1–2 %).
Performance (historical / returns)
- Recent 1 year total return ~ +16，18% (including dividends)
- Since inception, average annual returns in double digits.
Pros & Considerations
Pros:
Low cost (0.08%) compared to many actively managed funds
Diversified across many stocks with factor tilts (so its not pure growth or pure value)
Good way to capture “factor” exposure while maintaining a broad equity base
Considerations / Risks:
Because it’s factor tilted, in periods when factor strategies underperform (e.g. when value or momentum are out of favor), it may lag broad benchmarks.
While lower cost, still slightly above ultra-low index funds (which might get down to 0.03–0.05%)
Its performance is tied to the success of factor investing over time
