MDYG
State Street SPDR S&P 400 Mid Cap Growth ETF
📎 Investment Objective
The SPDR S&P 400 Mid Cap Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P MidCap 400 Growth Index.
Overview
ETF tracking State Street SPDR S&P 400 Mid Cap Growth ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPDR S&P 400 Mid Cap Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P MidCap 400 Growth Index.
🎯 Investment Strategy
The fund employs a passive management strategy, attempting to track the performance of its underlying index by holding a representative sample of the securities in the index.
✨ Key Features
- Provides exposure to mid-cap growth companies in the U.S. equity market
- Tracks the S&P MidCap 400 Growth Index, which includes companies that exhibit the strongest growth characteristics based on sales growth, earnings change to price, and momentum
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The value of the fund's holdings may decline due to general market and economic conditions
- Sector concentration risk: The fund may be more susceptible to the economic, market, political or regulatory occurrences affecting a particular sector
- Mid-cap stock risk: Stocks of mid-cap companies may be subject to more abrupt or erratic market movements than those of larger, more established companies
- Growth investing risk: Growth stocks may be more volatile than other stocks because they are more sensitive to investor perceptions of the issuing company's growth potential
👤 Best For
This ETF may be suitable for investors seeking exposure to mid-cap growth companies as part of a diversified portfolio. Investors should have a medium to long-term investment horizon and be willing to accept the higher volatility associated with growth stocks.