Symbols

SMLV

State Street SPDR US Small Cap Low Volatility Index ETF·ARCA

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Key Stats

Assets Under Management

202.26MUSD

Fund Flows (1Y)

-6.05MUSD

Dividend Yield

2.71%

Discount/Premium to NAV

0.05%

Shares Outstanding

1.50M

Expense Ratio

0.12%

About State Street SPDR US Small Cap Low Volatility Index ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-us-small-cap-low-volatility-index-etf-smlv

Inception Date

Feb 20, 2013

Structure

Open-Ended Fund

Index Tracked

State Street US Small Cap Low Volatility 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)

SMLV offers a low-volatility take on the US small-cap market. Basically, the fund applies a volatility optimizer to the Russell 2000 Index. SMLV aims for optimal low-volatility exposure by screening out other technical factors like momentum and beta while keeping turnover in check. Notably, the fund looks little like the broad small-cap market and comes with strong sector biases, with a significant exposure to financials. All in all, SMLV offers a valid take on the space, but investors should trade with limit orders and monitor asset levels. Note: Prior to December 13, 2016, the fund was called SPDR Russell 2000 Low Volatility ETF and tracked the Russell 2000 Low Volatility Index.