The XKCP fund focuses on the clean energy space by investing in companies involved with solar, wind, geothermal and hydroelectric power. The gross expense ratio is 0.45 percent, which is the same as the first tranche of SPDR/Kensho ETFs that debuted at the end of 2017—the SPDR Kensho Intelligent Structures ETF (XKII), SPDR Kensho Smart Mobility ETF (XKST) and SPDR Kensho Future Security ETF (XKFS).
That initial suite hasn’t caught on yet with the investing public, as assets under management at the three products are all less $10 million. And two of the three funds are in the red this year. The exception is the largest fund, the $9.9 million SPDR Kensho Future Security ETF, which is up more than 11 percent.