SPMD
State Street SPDR Portfolio S&P 400 Mid Cap ETF
📎 Investment Objective
The SPDR Portfolio S&P 400 Mid Cap ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P MidCap 400® Index.
Overview
ETF tracking State Street SPDR Portfolio S&P 400 Mid Cap ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPDR Portfolio S&P 400 Mid Cap ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P MidCap 400® Index.
🎯 Investment Strategy
The fund employs a passive management strategy, investing in a representative sample of securities included in the S&P MidCap 400 Index to seek to track the performance of the index.
✨ Key Features
- Provides exposure to the mid-cap segment of the U.S. equity market
- Seeks to track the performance of the S&P MidCap 400 Index, a widely recognized benchmark for mid-cap stocks
- Diversified portfolio of mid-cap companies across various sectors
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the fund's shares will fluctuate with changes in the value of the securities it owns
- Tracking error risk: The fund may not perfectly track the performance of its underlying index
- Liquidity risk: Mid-cap stocks may have lower trading volumes and be less liquid than large-cap stocks
- Sector concentration risk: The fund may be more heavily weighted in certain sectors, which could negatively impact performance
👤 Best For
The SPDR Portfolio S&P 400 Mid Cap ETF may be suitable for investors seeking broad exposure to the mid-cap segment of the U.S. equity market as part of a diversified portfolio. It may be particularly appropriate for long-term investors with a moderate risk tolerance who are looking for a low-cost, passively managed investment option.
Top Holdings
| Rank | Ticker | Name | Weight | Sector |
|---|---|---|---|---|
| 1 | FIX | COMFORT SYSTEMS USA INC | 1.02% | - |
| 2 | CIEN | CIENA CORP | 0.89% | - |
| 3 | PSTG | PURE STORAGE INC CLASS A | 0.84% | - |
| 4 | FLEX | FLEX LTD | 0.72% | - |
| 5 | COHR | COHERENT CORP | 0.70% | - |
| 6 | UTHR | UNITED THERAPEUTICS CORP | 0.68% | - |
| 7 | CW | CURTISS WRIGHT CORP | 0.67% | - |
| 8 | CASY | CASEY S GENERAL STORES INC | 0.65% | - |
| 9 | TWLO | TWILIO INC A | 0.62% | - |
| 10 | RBA | RB GLOBAL INC | 0.60% | - |
| 11 | SGI | SOMNIGROUP INTERNATIONAL INC | 0.60% | - |
| 12 | ILMN | ILLUMINA INC | 0.60% | - |
| 13 | GWRE | GUIDEWIRE SOFTWARE INC | 0.59% | - |
| 14 | NTNX | NUTANIX INC A | 0.58% | - |
| 15 | FTI | TECHNIPFMC PLC | 0.57% | - |