ETF Evaluator: State Street SPDR S&P KenshoGrdInnvtnETF () Follow This ETF

State Street SPDR S&P KenshoGrdInnvtnETF Overview

State Street SPDR S&P KenshoGrdInnvtnETF (CNRG) is a passively managed Sector Equity Alternative Energy exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2018.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to capture companies whose products and services are driving innovation behind clean power. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. It is non-diversified.

About State Street SPDR S&P KenshoGrdInnvtnETF (CNRG)

There are 3 members of the management team with an average tenure of 5.69 years: Mark Krivitsky (2018), Kathleen Morgan (2018) and Karl Schneider (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Kensho Clean Power TR USD index with a weighting of 100%. State Street SPDR S&P KenshoGrdInnvtnETF has 39 securities in its portfolio. The top 10 holdings constitute 38.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

State Street SPDR S&P KenshoGrdInnvtnETF is part of the Equity global asset class and is within the Sector Equity ETF group. State Street SPDR S&P KenshoGrdInnvtnETF has 20.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 79.5% There is 20.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street SPDR S&P KenshoGrdInnvtnETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $159 million in total assets, which is below the $409 million average for the Alternative Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CNRG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street SPDR S&P KenshoGrdInnvtnETF expense ratio is average compared to funds in the Alternative Energy category. State Street SPDR S&P KenshoGrdInnvtnETF has an expense ratio of 0.45%, which is 27% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street SPDR S&P KenshoGrdInnvtnETF has a portfolio turnover rate of 46%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Alternative Energy category.

Recently, in the month of October 2026, State Street SPDR S&P KenshoGrdInnvtnETF returned -8.5%, which earned it a grade of D, as the Alternative Energy category had an average return of -7.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

State Street SPDR S&P KenshoGrdInnvtnETF has a trailing yield of 1.66%, which is below the 1.67% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

State Street SPDR S&P KenshoGrdInnvtnETF Grades

Year to date, the ETF has returned -13.8%, 6.1 percentage points worse than the category, which translates into a grade of D. The fund has returned -23.1% over the past year (grade of F), 9.9% over the past three years (grade of C) and -5.6% per year over the past five years (grade of B).

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