Symbols

MDYG

State Street SPDR S&P 400 Mid Cap Growth ETF·NYSE

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Key Stats

Assets Under Management

2.55BUSD

Fund Flows (1Y)

-423.79MUSD

Dividend Yield

0.72%

Discount/Premium to NAV

-0.04%

Shares Outstanding

26.50M

Expense Ratio

0.15%

About State Street SPDR S&P 400 Mid Cap Growth ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-sp-400-mid-cap-growth-etf-mdyg

Inception Date

Nov 8, 2005

Structure

Open-Ended Fund

Index Tracked

S&P MidCap 400 Growth Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

MDYG curates a portfolio of S&P MidCap 400 (commonly known as S&P 400) companies with high sales growth, high valuations and momentum. It starts selecting constituents further down the market-cap spectrum, leading to a lower than usual average market-cap and even some exposure to small-caps. Unlike some of its peers, MDYG isn't a "pure growth" fund—its methodology allows securities to be classified into multiple categories. As such, its holdings could overlap with so-called "core" funds or even "value" funds. The fund may also heavily overweight financials, while underweighting other sectors such as consumer cyclicals. Additionally, instead of replicating the index, MDYG uses sampling indexing. The index is weighted by float-adjusted market-cap and rebalanced on a quarterly basis.