# State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/spmd 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: 2005-11-08 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 inv... ## Key Facts | Metric | Value | |---|---| | Price | $63.40 | | Expense Ratio | 0.03% | | Assets Under Management | $18.39B | | NAV | $63.76 | | Holdings Count | 400 | | Distribution Yield (TTM) | 1.32% | | Annual Distribution (TTM) | $0.84 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $54.53 – $68.97 | | Beta | 1.02 | ## Latest Distribution - Amount: $0.2253 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-23 ## Frequently Asked Questions ### 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 $18.39B 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. ### Does SPMD pay a dividend? State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) currently distributes little or no income. Trailing-twelve-month yield is 1.32%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SPMD pay dividends? State Street SPDR Portfolio S&P 400 Mid Cap 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 SPMD's dividend yield? SPMD's trailing-twelve-month yield is 1.32%, calculated from the sum of dividends over the past year divided by the current price. ### When is SPMD's next ex-dividend date? The most recently announced ex-dividend date for SPMD 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 SPMD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.03% 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 SPMD charge its expense ratio? The expense ratio is deducted in tiny daily slices from SPMD'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 SPMD cost more than a fund like VOO? SPMD's strategy (current expense ratio 0.03%) 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 SPMD sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SPMD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPMD (0.03%) 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/spmd - Distribution history: https://www.dividenddata.com/funds/spmd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/spmd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/spmd/expenses - Peer comparison: https://www.dividenddata.com/funds/spmd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.