Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the SPDR Russell 1000 Momentum Focus ETF (ONEO) is a passively managed exchange traded fund launched on 12/02/2015.The fund is sponsored by State Street Global Advisors. It has amassed assets over $336.51 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.Why Large Cap BlendCompanies that fall in the large cap category tend to have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.CostsInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.Annual operating expenses for this ETF are 0.20%, making it one of the cheaper products in the space.It has a 12-month trailing dividend yield of 1.18%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Information Technology sector--about 19.50% of the portfolio. Industrials and Financials round out the top three.Looking at individual holdings, Hp Inc. (HPQ) accounts for about 1.11% of total assets, followed by Dell Technologies Inc Class C (DELL) and Quanta Services Inc. (PWR).The top 10 holdings account for about 6.08% of total assets under management.Performance and RiskONEO seeks to match the performance of the Russell 1000 Momentum Focused Factor Index before fees and expenses. The Russell 1000 Momentum Focused Factor Index reflects the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors with a focus factor comprising high momentum characteristics.The ETF has added roughly 0.85% so far this year and is up about 28.90% in the last one year (as of 01/05/2022). In the past 52-week period, it has traded between $85.15 and $107.45.The ETF has a beta of 1.12 and standard deviation of 23.72% for the trailing three-year period. With about 906 holdings, it effectively diversifies company-specific risk.AlternativesSPDR Russell 1000 Momentum Focus ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, ONEO is a sufficient option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.The iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF (SPY) track a similar index. While iShares Core S&P 500 ETF has $339.13 billion in assets, SPDR S&P 500 ETF has $457.93 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Russell 1000 Momentum Focus ETF (ONEO): ETF Research Reports HP Inc. (HPQ): Free Stock Analysis Report Quanta Services, Inc. (PWR): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research