State Street SPDR Portfolio S&P 400 Mid Cap ETF

Frequently Asked Questions About SPMD

What does SPMD invest in?

The State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund designed to closely mirror the overall investment performance of the S&P MidCap 400 Index, before accounting for its own fees and expenses. This cost-efficient ETF offers investors precise and extensive exposure to mid-sized U.S. companies. The underlying Index itself is constructed using a market capitalization weighting scheme, adjusted for the number of shares publicly available for trading (float-adjusted). SPMD is a component of State Street's economical SPDR Portfolio series, a collection of core investment vehicles crafted to provide broad and diversified access to essential asset classes, serving as fundamental building blocks for various investment portfolios.

What is the expense ratio of SPMD?

State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPMD?

State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) manages $18.71B 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 SPMD actively managed or an index fund?

SPMD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SPMD launched?

State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) launched in November 2005 and is managed by SPDR.

How has SPMD performed?

SPMD'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.