State Street SPDR S&P Dividend ETF

Frequently Asked Questions About SDY

What does SDY invest in?

This fund aims to replicate, before its operational costs, the overall investment performance of the S&P High Yield Dividend AristocratsTM Index. The index specifically targets corporations that have demonstrated an unbroken track record of dividend increases over two decades or more, subsequently assigning weight to these holdings based on their current dividend yield. This stringent requirement for a prolonged history of rising dividends ensures that the index constituents offer a blend of potential capital appreciation and reliable income, rather than being purely high-yielding investments.

What is the expense ratio of SDY?

State Street SPDR S&P Dividend ETF (SDY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SDY?

State Street SPDR S&P Dividend ETF (SDY) manages $21.97B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SDY actively managed or an index fund?

SDY is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SDY's is 0.35%) because there's no security selection cost.

When was SDY launched?

State Street SPDR S&P Dividend ETF (SDY) launched in November 2005 and is managed by SPDR.

How has SDY performed?

SDY's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.