MDYSPDR S&P Midcap 400 ETF Trust
MDY Fund Description
MDY tracks a market-cap-weighted index of midcap US companies.
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 midcap index. It is one of several funds tracking the S&P MidCap 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 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 BBB based on a score of 5.55 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 35th percentile within its peer group and in the 57th 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 Summary Data
MDY Portfolio Data
MDY Index 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 Sector/Industry Breakdown
MDY Top 10 Holdings[View All]
MDY Economic Development
MDY Performance Statistics
MDY MSCI ESG Ratings
MDY Benchmark Comparison Summary
MDY Benchmark Comparison Market Cap Size
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