SPMD

SPDR Portfolio S&P 400 Mid Cap ETF

The SPDR S&P 1000 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1000 Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

11.2 B

ASSETS UNDER MGMT

3 bp

EXPENSES
Fund Basics
Fund sponsorSSgA Funds Management Inc
CategoryUS
Asset classEquity
Websitelink...
Inception dateNov 08, 2005
Assets (mns)$11,157
Expense ratio3 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ILLUMINA INC 0.7 %
CARLISLE COS INC 0.7 %
EMCOR GROUP INC 0.7 %
LENNOX INTERNATIONAL INC 0.7 %
REGAL BELOIT CORP 0.7 %
WILLIAMS-SONOMA INC 0.7 %
AVANTOR, INC. 0.6 %
TEXAS PACIFIC LAND CORPORATION 0.6 %
BURLINGTON STORES INC 0.6 %
MANHATTAN ASSOCIATES INC 0.6 %
Constituent Breakdown
Number of holdings389
Herfindahl-Hirschman Index 32
Wgt avg mkt cap (mns)$9,391
Large cap (>$10bn)41.3%
Mid cap ($2-10bn)57.3%
Small cap (<$2bn)0.9%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.6 %
BERMUDA 1.0 %
BRITAIN 1.0 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 13.4% 27.2% 21.2% 7.6% 11.9% 9.3% 9.4%
Volatility 14.4% 15.7% 19.7% 20.1% 25.1% 20.7% --
Market Correlations
versus...BetaR-squared
S&P 5001.0481%
MSCI EAFE1.0377%
MSCI Emg Mkts0.7539%
Liquidity Measures
Avg. volume (000)1,253
Turnover0.6%
Avg. Bid/Ask (% of price)0.02%
ADV of underlying (mns)$19,045
Technical Indicators
Recent close$54.64
30d moving avg.$53.28
Annualized volatility20.7%
Relative strength (RSI)52
Short interest (ETF)0.1%
Short interest (underlying)4.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: SPMD vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.4 15.5 2.2 2.3% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SPMD



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

SPMD

6.6%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. SPMD's ALTAR Score™ is approximately 0.4 standard deviations above the category average. This places SPMD in the 67th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

SPMD
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
SPMD (3 bp) Percentile rank 9
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
SPMD 3.0 2.3 5.3
Peer Avg. 29.9 13.7 43.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .