MDY
SPDR S&P Midcap 400 ETF TrustMDY 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 October 17, 2018 the SPDR S&P Midcap 400 ETF Trust MSCI ESG Fund Quality Score is 4.24 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 57th percentile within its peer group and in the 12nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
MDY CHARTS AND PERFORMANCE
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MDY Top 10 Countries
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MDY Top 10 Holdings [View All]
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 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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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.