What is MDY?

MDY tracks a market cap-weighted index of mid-cap US companies.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MDY 3.57% 1.86% -10.27% -8.11% 9.25% 7.38% 11.12%
MDY (NAV) 3.56% 1.83% -10.25% -8.18% 9.24% 7.37% 11.12%
S&P MidCap 400 -- -- -- -- -- -- --
MSCI USA Mid Cap Index 3.09% -0.94% -16.30% -15.25% 8.96% 8.88% 12.05%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MDY Factset Analytics Insight

MDY, as one of the first ETFs to launch in the US, the fund offers extremely liquid exposure to a popular mid-cap index. It is one of several funds tracking the S&P mid-cap 400 Index. Unlike most competitors, 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. Although the fund bills itself as mid-caps 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 mid-cap space.

MDY Summary Data

05/04/95
0.22%
$18.84B
S&P MidCap 400
MSCI USA Mid Cap Index
Unit Investment Trust

Peers

MSCI USA Mid Cap Index

Fund Flows

+$0.02B 5 Days
+$0.55B 30 Days
+$0.28B 90 Days

MDY Portfolio Data

$6.82B
12.90
2.23
1.28%
12/16/22
402

MDY Index Data

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

MDY Portfolio Management

0.22%
-0.20%
-0.11%
-0.27%

MDY Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MDY Fund Structure

Unit Investment Trust
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/30/22

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

811,230
$350.19M
783,445
$337.82M
0.03%
$0.11
0.00%
0.13% / -0.09%
None
100.00%
25,000
31.34
0.02%
0.07%
26,313
$459.81
5

MDY Sector/Industry Breakdown

MDY Segment
Benchmark
23.61% --
10.31% --
7.34% --
6.49% --
6.03% --
5.17% --
4.85% --
4.31% --
3.94% --
3.89% --

MDY Performance Statistics

0.97
0.98
0.98
0.99
0.28%
MSCI USA Mid Cap Index

MDY Countries

MDY Segment
Benchmark
100.00% 100.00%

MDY Regions

MDY Segment
Benchmark
100.00% 100.00%

MDY Economic Development

MDY Segment
Benchmark
100.00% 100.00%
0.00% 0.00%

MDY Benchmark Comparison Holdings

402
327
27
4.92%

MDY Benchmark Comparison Summary

MDY Segment
Benchmark
402 327
$6.82B $19.50B
12.90 17.51
2.23 2.77
1.51% 1.57%
Low Low

MDY Benchmark Comparison Market Cap Size

MDY Segment
Benchmark
3.27% 74.32%
92.60% 25.56%
3.57% 0.00%
0.00% 0.00%

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