Fund Overview
The State Street SPDR S&P MIDCAP 400 ETF Trust operates within the Mid-Cap Blend category and is managed by the State Street Investment Management family. This fund currently oversees total assets under management of $25.65 billion, a substantial figure that indicates significant scale and widespread popularity among market participants seeking mid-cap exposure. While specific holdings count data is not publicly disclosed in the available metrics, the absence of a listed count suggests the fund utilizes a broad tracking methodology typical of its category. The fund maintains an expense ratio of 0.2%, which is conceptually positioned as a low-cost option relative to many actively managed peers or higher-cost index funds in the mid-cap space.
Performance Analysis
The fund offers a current yield of 1.1%, providing a baseline for income generation that appeals to investors prioritizing regular dividend distributions within their portfolio construction. Year-to-date performance stands at 8.2%, reflecting the fund's recent behavior relative to the start of the current calendar year. Long-term consistency is illustrated by a 3-year average return of 12.3% and a 5-year average return of 6.1%, figures that indicate varying levels of annualized performance over different time horizons. A comparison between the short-term YTD return of 8.2% and the 5-year average of 6.1% suggests that recent market conditions have outpaced the longer-term historical average, highlighting short-term volatility or sector rotation effects. The expense ratio of 0.2% acts as a direct deduction from gross returns, meaning that over extended periods, lower fees help preserve a greater portion of the fund's net returns for the asset owner.
Price & Risk Profile
The security has traded between a 52-week high of $662.65 and a 52-week low of $458.82, establishing a wide price range that indicates moderate to high volatility within the current trading environment. Without a specific current price listed in the provided data, the position of the asset within this $203.83 range cannot be precisely quantified, but the breadth of the range suggests sensitivity to market shifts. The beta metric is listed as N/A, meaning volatility relative to the broader market cannot be calculated from the available information, yet the wide 52-week price spread implies movement that is at least comparable to the broader mid-cap index. Based on the available metrics, the risk profile is characterized by the significant price swing between the high and low points, while the low expense ratio helps mitigate the erosion of capital over time through cost efficiency.