Key stats
About SPDR S&P MidCap 400 ETF Trust
Home page
Inception date
May 4, 1995
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
State Street Global Advisors Trust Co.
Distributor
ALPS Distributors, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Producer Manufacturing
Stocks99.07%
Finance24.81%
Producer Manufacturing10.12%
Technology Services7.42%
Electronic Technology7.38%
Retail Trade5.94%
Industrial Services5.16%
Health Technology5.10%
Consumer Services4.72%
Non-Energy Minerals3.40%
Transportation3.36%
Process Industries3.34%
Distribution Services3.01%
Consumer Non-Durables2.90%
Energy Minerals2.85%
Consumer Durables2.50%
Utilities2.30%
Health Services2.23%
Commercial Services2.01%
Communications0.52%
Bonds, Cash & Other0.93%
Cash0.93%
Stock breakdown by region
North America98.07%
Europe1.93%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MDY invests in stocks. The fund's major sectors are Finance, with 24.81% stocks, and Producer Manufacturing, with 10.12% of the basket. The assets are mostly located in the North America region.
MDY last dividends amounted to 1.80 USD. The quarter before, the issuer paid 1.31 USD in dividends, which shows a 27.48% increase.
MDY assets under management is 22.33 B USD. It's risen 3.56% over the last month.
MDY fund flows account for 241.23 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MDY pays dividends to its holders with the dividend yield of 1.21%. The last dividend (Jul 31, 2025) amounted to 1.80 USD. The dividends are paid quarterly.
MDY shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on May 4, 1995, and its management style is Passive.
MDY expense ratio is 0.24% meaning you'd have to pay 0.24% of your investment to help manage the fund.
MDY follows the S&P Mid Cap 400. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MDY invests in stocks.
MDY price has risen by 1.87% over the last month, and its yearly performance shows a 6.47% increase. See more dynamics on MDY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.33% over the last month, showed a 6.75% increase in three-month performance and has increased by 7.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.33% over the last month, showed a 6.75% increase in three-month performance and has increased by 7.88% in a year.
MDY trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.