Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
State Street Income Allocation ETF
$33.35+0.08 (+0.23%)
- 0.50%
- $70M
- +6.4%
- 4.79%
- 0M sh
- $33.25
- low $32.71high $35.01
The ETF.net INKM Grade
B
Score 68 out of 100
- 3 of 15
Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 4 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A72 out of 100Rank 6 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 4 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 2 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 9 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 6 of 15
Our read on INKM
BOne ticker, one active manager, and a shopping list that runs from bonds and preferreds to convertibles, global REITs and dividend stocks. INKM has been playing multi-asset income this way since 2012, at half a point of fee.
The fund seeks total return by investing primarily in income- and yield-generating assets. It is actively managed and uses tactical allocations across bonds, convertible and preferred securities, global REITs, and domestic and international dividend-focused equities.
Why people hold it
- Charges 0.50% a year, under the 0.78% median for allocation funds.
- Actively managed with tactical shifts across bonds, convertibles, preferreds, global REITs and dividend equities, rather than fixed index weights.ssga.com
- Launched in 2012 and pays quarterly, a long run for a one-ticket income allocation fund.
- Lands in the upper half of its allocation peer group on our review.
Worth knowing
- Thinly traded with a modest asset base, so spreads and order handling matter more here than with the category's giants.
- Index-based allocation rivals cost far less: AOA at 0.19% and IRTR at 0.08%.
- No published index to check it against. What you own depends on the manager's asset-mix calls.
INKM Holdings
- Other
- 18
- 82%
- SPTL
Sectors
- Industrials14.8%
- Technology14.0%
- Utilities13.2%
- Real Estate11.9%
- Energy10.1%
- Financials8.8%
- Consumer Staples7.7%
- Health Care6.9%
- Communication5.7%
- Consumer Discretionary5.6%
- Materials1.4%
Geography
- United States100.00%
INKM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
INKM$10,637
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | INKM |
|---|---|
| Year to date | +4.0% |
| 1 month | −1.8% |
| 3 months | −2.4% |
| 1 year | +6.4% |
| 3 years | +10.5% |
| 5 years | +3.6% |
| 10 years | +5.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INKM |
|---|---|---|
| 2026 YTD | +4.0% | |
| 2025 | +11.0% | |
| 2024 | +5.7% | |
| 2023 | +10.3% | |
| 2022 | −12.6% | |
| 2021 | +8.5% | |
| 2020 | +3.1% |
INKM in the news
INKM Dividends
- 4.79%
- $1.59
- $0.34 per share
- Quarterly
Distribution history
INKM Risk
- 8.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.65
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INKM Cost
0.50%
INKM0.50%
- The middle half of Multi-Asset Income funds
- Median 0.65%
3 of the 15 Multi-Asset Income funds charge less.
Other funds in Multi-Asset Income
- AINCMFranklin Income Focus ETFExpense ratio 0.38%1 year return +9.9%
- AIYLDiShares Morningstar Multi-Asset Income ETFExpense ratio 0.50%1 year return +8.3%
- BFTBIFirst Trust Balanced Income ETFExpense ratio 0.25%1 year return +9.0%
- BMDIVMulti-Asset Diversified Income Index FundExpense ratio 0.83%1 year return +9.9%
- BALTYGlobal X Alternative Income ETFExpense ratio 0.50%1 year return +8.5%