MDY

SPDR S&P Midcap 400 ETF Trust
A

74
  • 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 January 18, 2018 the SPDR S&P Midcap 400 ETF Trust MSCI ESG Fund Quality Score is 4.18 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 58th 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
0.25%
$21.61B
$347.39M
0.01%

MDY Portfolio Data

$5.85B
33.89
2.48
1.15%
03/16/18
400

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

0.25%
-0.37%
-0.33%
-0.51%

MDY Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MDY Fund Structure

Unit Investment Trust
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
15:59:59359.5750
15:59:59359.5750
15:59:59359.57550
15:59:59359.55100
15:59:58359.57100
15:59:49359.56100
15:59:46359.57100
15:59:44359.54100
15:59:35359.575
15:59:34359.5735
Bats BZX Real-time Quote - 17:26:30
Daily Spread
Premium/Discount
Volume

MDY Factset Analytics Block Liquidity

As of 01/19/18
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

1,006,681
$347.39M
924,182
$319.99M
0.01%
$0.05
0.00%
0.12% / -0.08%
None
100.00%
25,000
36.97
0.03%
0.08%
65,133
$355.76
5

MDY Sector/Industry BreakdownView All

MDYSegment Benchmark
22.13% 24.68%
15.62% 18.97%
15.51% 13.22%
17.07% 12.89%
7.17% 7.31%
8.06% 7.29%
5.85% 5.60%
3.98% 4.57%

MDY Geographic Exposure

MDYSegment Benchmark
99.47% 100.33%
0.53% --

MDYSegment Benchmark
100.00% 100.33%
0.00% / 0.00% 0.00% / 0.00%

MDY Performance Statistics

0.92
1.14
1.13
1.13
0.18%
MSCI USA Mid Cap

MDY MSCI ESG Ratings

4.18 / 10
57.90
11.80
4.99%
4.56%
280.34

MDY BENCHMARK COMPARISON

    MDY
    400 Holdings
    Segment Benchmark
    324 Constituents
    Shared Holdings
    53 (Count)
     
    12.87% (Weight)
MDYSegment Benchmark
42.77% 0.69%
57.23% 90.49%
0.00% 8.82%
0.00% 0.00%
1.48% 1.47%