SPDR S&P 400 U.S. Mid Cap

ETF description

This ETF focuses on providing exposure to mid‑sized companies in the United States, covering a broad range of industries. These mid‑cap companies are generally larger than small‑cap firms but smaller than large‑cap corporations, representing a middle ground in terms of growth potential and stability. The ETF aims to track the performance of an index designed to reflect the mid‑cap segment of the U.S. equity market.

Investors interested in diversifying their portfolios with companies that are often considered to have a balance between growth opportunities and established market presence may find this ETF appealing. Mid‑cap stocks can provide exposure to firms that are growing or expanding their market share while being less volatile than smaller companies.

Issuer details

SPDR ETFs (Standard & Poor’s Depositary Receipts), managed by State Street Global Advisors, are among the largest and most recognized ETFs in the world, with over $1 trillion in assets under management as of June 2024. SPDR offers a broad range of ETFs covering various market segments, including equities, fixed income, sector‑specific funds, commodities, and ESG (Environmental, Social, Governance) investments. Launched in 1993 with the SPDR S&P 500 ETF (SPY), the first ever ETF, SPDR ETFs are known for their strong emphasis on liquidity, transparency, and robust research and analysis. Notable ETFs in their lineup include the SPDR S&P 500 ETF (SPY), SPDR Gold Shares (GLD), and SPDR Bloomberg Barclays High Yield Bond ETF (JNK), reflecting SPDR’s commitment to providing diverse and high‑quality investment options to meet the needs of various investors.

Index details

The S&P MidCap 400 Index is a float‑adjusted, capitalisation weighted index of 400 securities, providing investors with a benchmark for mid‑sized US companies. The Index covers approximately 7% of the total US equity market and seeks to remain an accurate measure of mid‑sized US companies, reflecting the risk and return characteristics of the broader mid‑cap universe on an on‑going basis.