# State Street SPDR US Small Cap Low Volatility Index ETF (SMLV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/smlv 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: Thematic · Inception: 2013-02-20 The State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) strives to deliver investment returns that broadly match the total return of the State Street US Small Cap Low Volatility Index, before accounting for fees and operating expenses. This underlying index is constructed from a selection of U.S. equities, specifically those listed on a U.S. exchange whose market capitalizations fall between the 1,001st and 3,000th positions among the top 2,000 U.S. stocks at each rebalance date. The index applies a systematic methodology focused on increasing its allocation to companies within i... ## Key Facts | Metric | Value | |---|---| | Price | $154.92 | | Expense Ratio | 0.12% | | Assets Under Management | $251.7M | | NAV | $155.34 | | Holdings Count | 393 | | Distribution Yield (TTM) | 2.34% | | Annual Distribution (TTM) | $3.63 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $124.22 – $163.75 | | Beta | 0.80 | ## Latest Distribution - Amount: $0.9714 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-23 ## Frequently Asked Questions ### What does SMLV invest in? The State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) strives to deliver investment returns that broadly match the total return of the State Street US Small Cap Low Volatility Index, before accounting for fees and operating expenses. This underlying index is constructed from a selection of U.S. equities, specifically those listed on a U.S. exchange whose market capitalizations fall between the 1,001st and 3,000th positions among the top 2,000 U.S. stocks at each rebalance date. The index applies a systematic methodology focused on increasing its allocation to companies within its eligible universe that display lower price volatility. Consequently, securities demonstrating reduced volatility are given a higher weighting within the index, contingent upon meeting specific liquidity criteria. ### What is the expense ratio of SMLV? State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) charges an expense ratio of 0.12%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SMLV? State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) manages $251.7M 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 SMLV actively managed or an index fund? SMLV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SMLV launched? State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) launched in February 2013 and is managed by SPDR. ### How has SMLV performed? SMLV'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 SMLV pay a dividend? State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) currently distributes little or no income. Trailing-twelve-month yield is 2.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SMLV pay dividends? State Street SPDR US Small Cap Low Volatility Index 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 SMLV's dividend yield? SMLV's trailing-twelve-month yield is 2.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is SMLV's next ex-dividend date? The most recently announced ex-dividend date for SMLV 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 SMLV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.12% 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 SMLV charge its expense ratio? The expense ratio is deducted in tiny daily slices from SMLV'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 SMLV cost more than a fund like VOO? SMLV's strategy (current expense ratio 0.12%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SMLV sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SMLV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SMLV (0.12%) 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/smlv - Distribution history: https://www.dividenddata.com/funds/smlv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/smlv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/smlv/expenses - Peer comparison: https://www.dividenddata.com/funds/smlv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.