# State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM): ETF Facts & Distributions

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- Issuer: SPDR · Asset class: Equity
- Strategy: Thematic · Inception: 2013-07-08

This Exchange Traded Fund (ETF) is designed to closely track the total return performance of the S&P SmallCap 600 Index, prior to accounting for fees and expenses. It offers investors an economical and extensive avenue for gaining exposure to the U.S. small-capitalization equity market. The underlying S&P SmallCap 600 Index implements a market capitalization weighting methodology, adjusted for publicly traded shares. Furthermore, this ETF belongs to the State Street SPDR Portfolio's collection of low-cost core ETFs, structured as fundamental components for constructing broadly diversified p...

## Key Facts

| Metric | Value |
|---|---|
| Price | $53.73 |
| Expense Ratio | 0.03% |
| Assets Under Management | $15.85B |
| NAV | $53.90 |
| Holdings Count | 607 |
| Distribution Yield (TTM) | 1.53% |
| Annual Distribution (TTM) | $0.82 /share |
| Distribution Frequency | Quarterly |
| 52-Week Range | $43.66 – $58.60 |
| Beta | 1.04 |

## Latest Distribution

- Amount: $0.2202 /share
- Ex-date: 2026-09-21
- Pay date: 2026-09-23

## Frequently Asked Questions

### What does SPSM invest in?

This Exchange Traded Fund (ETF) is designed to closely track the total return performance of the S&P SmallCap 600 Index, prior to accounting for fees and expenses. It offers investors an economical and extensive avenue for gaining exposure to the U.S. small-capitalization equity market. The underlying S&P SmallCap 600 Index implements a market capitalization weighting methodology, adjusted for publicly traded shares. Furthermore, this ETF belongs to the State Street SPDR Portfolio's collection of low-cost core ETFs, structured as fundamental components for constructing broadly diversified portfolios across major asset categories.

### What is the expense ratio of SPSM?

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is SPSM?

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) manages $15.85B 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 SPSM actively managed or an index fund?

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

### When was SPSM launched?

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) launched in July 2013 and is managed by SPDR.

### How has SPSM performed?

SPSM'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 SPSM pay a dividend?

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) currently distributes little or no income. Trailing-twelve-month yield is 1.53%. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does SPSM pay dividends?

State Street SPDR Portfolio S&P 600 Small 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 SPSM's dividend yield?

SPSM's trailing-twelve-month yield is 1.53%, calculated from the sum of dividends over the past year divided by the current price.

### When is SPSM's next ex-dividend date?

The most recently announced ex-dividend date for SPSM 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 SPSM'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 SPSM charge its expense ratio?

The expense ratio is deducted in tiny daily slices from SPSM'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 SPSM cost more than a fund like VOO?

SPSM'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 SPSM sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to SPSM?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPSM (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/spsm
- Distribution history: https://www.dividenddata.com/funds/spsm/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/spsm/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/spsm/expenses
- Peer comparison: https://www.dividenddata.com/funds/spsm/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.