- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Dec 27, 2017
- Business
- SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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 Intelligent Infrastructure Index. The fund, issued and managed by State Street Global Advisors (now operating as State Street Investment Management), invests substantially all of its assets in U.S.-listed equity securities, including depositary receipts, of companies domiciled across developed and emerging markets worldwide that are classified in the intelligent infrastructure sector. Launched on December 26, 2017, and listed on NYSE Arca, SIMS holds approximately 42-43 securities with top holdings including Bloom Energy Corp, Generac Holdings Inc, Resideo Technologies Inc, Itron Inc, and Silicon Laboratories Inc; its portfolio emphasizes sectors such as industrial machinery, electrical components, electronic equipment, building products, and environmental services, with roughly 90% exposure to U.S. companies, and the remainder in Canada, the United Kingdom, and Hong Kong.
The underlying index captures companies driving innovation in intelligent infrastructure, encompassing smart building infrastructure, smart power grids, intelligent transportation infrastructure, and intelligent water infrastructure; the fund employs a full replication strategy to track this benchmark, focusing on themes like adaptive and connected infrastructure technologies. SIMS targets investors seeking thematic exposure to next-generation infrastructure modernization, with an expense ratio of 0.45%, assets under management around $9-10 million, and a dividend yield of approximately 0.64% paid quarterly. The fund changed its name from SPDR Kensho Intelligent Structures ETF and ticker from XKII to its current branding prior to June 25, 2019, reflecting integration into the broader SPDR S&P Kensho family.
In recent developments, State Street Investment Management announced a rebranding from State Street Global Advisors in 2025, enhancing its ETF lineup management including internal distribution for certain products; the firm also conducted ongoing portfolio reviews leading to closures of select low-AUM ETFs in 2025-2026, though SIMS continues operations amid stable quarterly dividend declarations, such as payments in June and September 2025. No major acquisitions, partnerships, or product launches specific to SIMS were reported in the last 1-2 years, but the issuer expanded ETF offerings and share splits in related funds while SIMS maintained focus on its intelligent structures theme amid broader industry growth in thematic and infrastructure ETFs. Headquartered in Boston, Massachusetts, State Street Investment Management oversees SIMS as part of its passive equity ETF suite domiciled in the United States.