MDY
SPDR S&P Midcap 400 ETF TrustMDY Fund Description
MDY 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
SPDR S&P Midcap 400 ETF Trust has an MSCI ESG Fund Rating of BB based on a score of 4.20 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. SPDR S&P Midcap 400 ETF Trust ranks in the 23th percentile within its peer group and in the 62nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MDY MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
MDY CHARTS AND PERFORMANCE
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MDY Summary Data
MDY Portfolio Data
MDY Portfolio Management
MDY Tax Exposures
MDY Fund Structure
MDY Factset Analytics Block Liquidity
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
MDY Sector/Industry Breakdown
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MDY TOP 10 HOLDINGS[View All]
MDY Countries
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MDY Regions
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MDY Economic Development
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MDY Performance Statistics
MDY MSCI ESG Ratings
MDY BENCHMARK COMPARISON SUMMARY
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MDY BENCHMARK COMPARISON MARKET CAP SIZE
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Options Strategies for Outcome Investing
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.