# State Street SPDR S&P Dividend ETF (SDY): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/sdy for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SPDR · Asset class: Equity - Strategy: Passive Index · Inception: 2005-11-08 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. ## Key Facts | Metric | Value | |---|---| | Price | $160.19 | | Expense Ratio | 0.35% | | Assets Under Management | $21.83B | | NAV | $157.63 | | Holdings Count | 155 | | Distribution Yield (TTM) | 2.36% | | Annual Distribution (TTM) | $3.78 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $131.96 – $160.29 | | Beta | 0.58 | ## Latest Distribution - Amount: $0.9168 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-23 ## Frequently Asked Questions ### 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 $21.83B 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. ### Does SDY pay a dividend? State Street SPDR S&P Dividend ETF (SDY) currently distributes little or no income. Trailing-twelve-month yield is 2.36%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SDY pay dividends? State Street SPDR S&P Dividend ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SDY's dividend yield? SDY's trailing-twelve-month yield is 2.36%, calculated from the sum of dividends over the past year divided by the current price. ### When is SDY's next ex-dividend date? The most recently announced ex-dividend date for SDY was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will SDY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SDY charge its expense ratio? The expense ratio is deducted in tiny daily slices from SDY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SDY cost more than a fund like VOO? SDY is a passive index fund (current expense ratio 0.35%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SDY? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SDY (0.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/sdy - Distribution history: https://www.dividenddata.com/funds/sdy/dividend - Holdings & diversification: https://www.dividenddata.com/funds/sdy/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/sdy/expenses - Peer comparison: https://www.dividenddata.com/funds/sdy/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.