About the Market
Oklahoma is known as one of the most business-friendly states, due in part to low tax rates. With an economy based largely on energy but with growing interests in other sectors, from 2000 to 2008, Oklahoma's gross domestic product according to the Bureau of Economic Analysis increased 63% and its per capita GDP is growing at one of the highest rates in the United States. In addition, 3 Oklahoma-based firms made Fortune magazine's 2008 list of the 25 fastest growing companies in the U.S. and 6 made the Fortune 500.
In October 2009, CNN/Money named Oklahoma City as the #1 place to launch a business calling it, "Stable and affordable, Oklahoma City is a have for entrepreneurial risk takers...[with a] diverse local economy spread across medical research, energy, education, and government."
About the Index
The SPADE Oklahoma Index is a modified market capitalization weighted index that seeks to measure the performance of publicly-traded companies whose corporate headquarters are located within the State of Oklahoma or who maintain significant operations within the State of Oklahoma.
Why it was Developed
The SPADE Oklahoma Index was developed by ISBC/SPADE Indexes and licensed to Geary Advisors -- founded by the principals of Geary Securities (formerly Capital West Securities), a leading Oklahoma City-based financial firm that plans to offer an exchange traded fund and related ETF options products. The ETF began trading under the ticker "OOK" on 29 October 2009.
About the Constituents
The Index is comprised of more than thirty companies with a market capitalization greater than $100 million, that maintain sufficient liquidity, and that are listed for trading on the New York Stock Exchange (“NYSE”) or quoted on the NASDAQ Global Market (“NASDAQ”).
For additional data on the constituents, methodology, rules, and performance, please click on the appropriate section of this website. To download our most recent fact sheet, right click here
Number of Constituents (most recent rebalance): 29
Market Capitalization Range: $101 million to $32.6 billion
Median Market Capitalization: $3.2 billion
Ten Largest Constituents (1 January 2010)
Magellan Midstream: 7.79%
Oneok: 7.70%
Oneok Partners: 7.61%
Devon Energy: 7.60%
Williams Companies: 7.59%
Continental Resources: 7.49%
Helmerich & Payne: 7.24%
Chesapeake Energy: 7.18%
OGE Energy: 6.28%
BOK Financial Group: 5.66%
Breakdown by Industry Category
Energy: Drilling & Exploration: 24.86%
Energy: Pipeline: 23.00%
Energy: Oil & Gas: 17.79%
Utilities: 13.99%
Finance: 6.84%
Energy: Coal: 5.69%
Chemicals: 2.85%
Services: 2.03%
Industrial: 1.61%
Food: 1.08%
Consumer Goods: 0.26%
