SPDR S&P MidCap 400 ETF TrustSPDR S&P MidCap 400 ETF TrustSPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF Trust

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Key stats


Assets under management (AUM)
‪23.04 B‬USD
Fund flows (1Y)
‪461.21 M‬USD
Dividend yield (indicated)
1.15%
Discount/Premium to NAV
0.3%

About SPDR S&P MidCap 400 ETF Trust


Issuer
State Street Corp.
Brand
SPDR
Expense ratio
0.24%
Home page
Inception date
May 4, 1995
Index tracked
S&P Mid Cap 400
Management style
Passive
MDY, as one of the first ETFs to launch in the US, the fund offers extremely liquid exposure to a popular mid-cap index. It is one of several funds tracking the S&P mid-cap 400 Index. Unlike most competitors, MDY uses the unit investment trust structure, which requires a direct replication of its underlying index and doesn`t allow for reinvesting dividends between distribution dates or for lending out securities. While this older legal structure is perfectly serviceable, it hinders the fund`s tracking in comparison to competitors. Although the fund bills itself as mid-caps only, in comparison to our large-leaning benchmark it includes a small-cap tilt causing a lower average market cap. Still, the fund is a good representation of its segment of the market, taking no significant sector bets and avoiding concentrated holdings. While very long-term investors might prefer peer funds, MDY is a solid and extremely popular choice in the mid-cap space.

Classification


Asset Class
Equity
Category
Size and style
Focus
Mid cap
Niche
Broad-based
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Committee

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 4, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Producer Manufacturing
Stocks99.39%
Finance24.12%
Producer Manufacturing10.56%
Health Technology6.62%
Technology Services6.50%
Electronic Technology6.39%
Retail Trade5.72%
Consumer Services4.90%
Industrial Services4.87%
Process Industries4.62%
Energy Minerals3.42%
Non-Energy Minerals3.38%
Consumer Non-Durables3.05%
Transportation3.03%
Consumer Durables2.65%
Distribution Services2.36%
Utilities2.18%
Commercial Services1.94%
Health Services1.89%
Miscellaneous0.78%
Communications0.39%
Bonds, Cash & Other0.61%
Cash0.61%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows