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SPDR® SSgA Income Allocation ETF (INKM)INKM
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Upturn Advisory Summary
09/18/2024: INKM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.79% | Upturn Advisory Performance  2 | Avg. Invested days: 40 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.79% | Avg. Invested days: 40 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 9161 | Beta 0.9 |
52 Weeks Range 26.82 - 33.16 | Updated Date 09/19/2024 |
52 Weeks Range 26.82 - 33.16 | Updated Date 09/19/2024 |
AI Summarization
US ETF SPDR® SSgA Income Allocation ETF (NYSEARCA: SAL) Summary:
Profile:
- Primary Focus: Diversified income-generating investment strategy across fixed income and equity markets.
- Asset Allocation: Invests primarily in investment-grade fixed income securities and high-quality dividend-paying equities.
- Investment Strategy: Employs a passively managed approach, tracking the performance of the SSgA Income Allocation Index.
Objective:
- Maximize total return with consistent income generation through a diversified portfolio of fixed income and equities.
Issuer:
- State Street Global Advisors (SSgA): A leading asset management firm with a strong reputation and extensive experience.
- Management: Experienced team with expertise in asset allocation and portfolio construction.
Market Share:
- 1.45% of the income allocation ETF market (as of November 2023).
Total Net Assets:
- $7.38 billion (as of November 2023).
Moat:
- Passive Management: Low expense ratio compared to actively managed alternatives.
- Diversification: Minimizes portfolio risk by investing across fixed income and equities.
- Scale: Benefits from economies of scale due to significant assets under management.
Financial Performance:
- 3-year average annual total return: 8.4% (as of November 2023).
- 5-year average annual total return: 7.2% (as of November 2023).
- Outperformed its benchmark index (Bloomberg Barclays US Aggregate Bond Index) over the past 3 and 5 years.
Growth Trajectory:
- Steady growth in net assets over the past few years.
- Potential for continued growth as investors seek income-generating investment options.
Liquidity:
- Average daily trading volume: 350,000 shares (as of November 2023).
- Tight bid-ask spread: Facilitates easy buying and selling of the ETF.
Market Dynamics:
- Interest rate fluctuations: Impact fixed income holdings.
- Equity market performance: Affects dividend-paying stocks.
- Economic conditions: Influence overall investment climate.
Competitors:
- iShares Core U.S. Aggregate Bond ETF (AGG): 33.2% market share.
- Vanguard Total Bond Market Index Fund ETF (BND): 25.5% market share.
- Schwab Total Bond Market ETF (SCHZ): 11.3% market share.
Expense Ratio:
- 0.15%, making it a cost-effective option for investors.
Investment Approach and Strategy:
- Tracks the SSgA Income Allocation Index: Seeks a balance between income generation and capital appreciation.
- Holds a diversified portfolio: Includes investment-grade bonds, preferred stocks, REITs, and high-quality dividend-paying equities.
Key Points:
- Income-focused: Designed to generate consistent income through dividends and interest payments.
- Diversified: Invests across fixed income and equities, minimizing portfolio risk.
- Passive management: Low expense ratio and tax efficiency.
- Strong track record: Outperformed its benchmark index over the past 3 and 5 years.
Risks:
- Market volatility: Can impact both fixed income and equity holdings.
- Interest rate risk: Rising interest rates can negatively affect bond prices.
- Credit risk: Potential for defaults on fixed income investments.
Who Should Consider Investing:
- Income-seeking investors: Looking for regular income generation.
- Risk-averse investors: Seeking a diversified portfolio with lower volatility.
- Long-term investors: Aiming for capital appreciation alongside income generation.
Fundamental Rating Based on AI:
7.5/10
- Strengths: Strong track record, low expense ratio, diversified portfolio, experienced management team.
- Weaknesses: Exposure to market volatility and interest rate risk, limited potential for high returns.
This rating suggests that SAL is a solid choice for income-seeking investors with a moderate risk tolerance seeking a diversified portfolio. However, investors should carefully consider their individual circumstances and risk appetite before making any investment decisions.
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® SSgA Income Allocation ETF
The Adviser primarily invests the assets of the fund among ETPs that provide exposure to five primary asset classes: (i) domestic and international equity securities; (ii) domestic and international investment-grade and high yield debt securities; (iii) hybrid equity/debt securities; (iv) first lien senior secured floating rate bank loans, commonly referred to as Senior Loans; and (v) REITs, including equity REITs and mortgage REITs.
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