MDY

SPDR S&P Midcap 400 ETF Trust
A

84
  • Overview
  • Efficiency
  • Tradability
  • Fit

MDY Fund Description

The SPDR S&P MidCap 400 Index Fund tracks a market-cap-weighted index of midcap US companies.

MDY Factset Analytics Insight

MDY offers extremely liquid exposure to a popular midcap index. It is one of three funds tracking the S&P MidCap 400 Index. Unlike competitors IVOO and IJH, MDY uses the unit investment trust structure, which requires a direct replication of its underlying index and doesn’t allow for reinvesting dividends between distribution dates or for lending out securities. While this older legal structure is perfectly serviceable, it hinders the fund’s tracking in comparison to competitors. MDY also has a higher expense ratio than both IVOO and IJH and tends to cost more to hold based on tracking data. However, MDY has higher trading volume than these peers.

Although the fund bills itself as midcaps only, in comparison to our large-leaning benchmark it includes a small-cap tilt causing a lower average market cap. Still, the fund is a good representation of its segment of the market, taking no significant sector bets and avoiding concentrated holdings. While very long-term investors might prefer peer funds, MDY is a solid and extremely popular choice in the midcap space.

MDY MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of April 23, 2018 the SPDR S&P Midcap 400 ETF Trust MSCI ESG Fund Quality Score is 4.21 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. MDY ranks in the 60th percentile within its peer group and in the 12nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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MDY Top 10 Countries

MDY Top 10 Sectors

MDY Top 10 Holdings View All

MDY Summary Data

SPDR
05/04/95
Unit Investment Trust
0.24%
$19.98B
$368.90M
0.02%

MDY Portfolio Data

$5.87B
25.51
2.40
1.19%
06/15/18
399

MDY Index Data

S&P MidCap 400 Index
Market Cap
Committee
MSCI USA Mid Cap

Related ETFs to MDY

IJH, IVOO, VO, IWR, SCHM
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

MDY Portfolio Management

0.24%
-0.37%
-0.31%
-0.43%

MDY Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MDY Fund Structure

Unit Investment Trust
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

MDY Factset Analytics Block Liquidity

As of 04/24/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MDY. MDY is rated a 5 out of 5.

MDY Tradability

1,071,498
$368.90M
937,585
$325.14M
0.02%
$0.08
0.00%
0.12% / -0.19%
None
100.00%
25,000
37.50
0.03%
0.07%
38,316
$345.65
5

MDY Sector/Industry BreakdownView All

MDYSegment Benchmark
21.42% 24.75%
15.16% 18.89%
17.19% 13.86%
17.16% 12.83%
8.01% 7.75%
7.26% 7.61%
5.15% 5.00%
3.78% 4.35%

MDY Geographic Exposure

MDYSegment Benchmark
99.46% 100.78%
0.54% --

MDYSegment Benchmark
100.00% 100.78%
0.00% / 0.00% 0.00% / 0.00%

MDY Performance Statistics

0.95
1.02
1.00
1.00
0.17%
MSCI USA Mid Cap

MDY MSCI ESG Ratings

4.21 / 10
59.67
12.28
4.35%
4.23%
257.01

MDY BENCHMARK COMPARISON

    MDY
    399 Holdings
    Segment Benchmark
    323 Constituents
    Shared Holdings
    52 (Count)
     
    12.06% (Weight)
MDYSegment Benchmark
44.21% 1.30%
55.79% 88.38%
0.00% 10.33%
0.00% 0.00%
1.52% 1.53%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.