- Business
- SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that seeks to provide investment results, before fees and expenses, corresponding generally to the total return performance of the S&P Kensho New Economies Composite Index. The fund tracks U.S.-listed equity securities, including depositary receipts, of companies domiciled across developed and emerging markets worldwide that drive innovation and transform the global economy through advancements in robotics, automation, artificial intelligence, connectedness, and processing power; it aggregates eligible Kensho New Economies Sub-Indexes, weighted by Sharpe ratio with annual reconstitution, encompassing over 20 sub-indexes identified via natural language processing of regulatory filings. Core holdings span sectors such as aerospace & defense (9.42%), application software (9.10%), electronic equipment & instruments (6.15%), interactive media & services (5.97%), and semiconductors (5.09%), with top positions including Kratos Defense & Security (1.22%), Elbit Systems Ltd. (1.03%), PTC Inc. (0.97%), Parsons Corp. (0.95%), and Teledyne Technologies Inc. (0.94%); the fund maintains approximately 450 holdings, a gross expense ratio of 0.20%, and assets under management exceeding $2.4 billion. Originally launched on October 22, 2018, by State Street Global Advisors (headquartered in Boston, Massachusetts), the ETF was known as SPDR Kensho New Economies Composite ETF prior to June 25, 2019, when its name officially changed to incorporate the S&P Kensho branding. Geographically, holdings are predominantly U.S.-based (81.12%), with exposure to China (6.11%), Canada (2.88%), Hong Kong (2.28%), and others including Brazil, Israel, and Italy. Recent developments include strong performance with year-to-date returns of 23.34% (NAV) as of September 30, 2025, and ongoing index rebalancing to adapt to evolving market dynamics in new economy themes; State Street Investment Management, the fund sponsor, entered a strategic partnership with Van Lanschot Kempen Investment Management in 2025 to explore active ETF products and solutions for wealth management clients in Europe.