Symbols

MMTM

State Street SPDR S&P 1500 Momentum Tilt ETF·NYSE

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Key Stats

Assets Under Management

163.40MUSD

Fund Flows (1Y)

-1.45MUSD

Dividend Yield

0.86%

Discount/Premium to NAV

0.05%

Shares Outstanding

560.00K

Expense Ratio

0.12%

About State Street SPDR S&P 1500 Momentum Tilt ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-sp-1500-momentum-tilt-etf-mmtm

Inception Date

Oct 24, 2012

Structure

Open-Ended Fund

Index Tracked

S&P 1500 Positive Momentum Tilt 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)

MMTM offers a momentum play on stocks from the S&P Composite 1500 index — a cap-weighted combination of the S&P 500 index, the S&P MidCap 400 index, and the S&P SmallCap 600 index. It applies an alternative weighting methodology that overweights the recent best-performing stocks at the expense of the poorest. It does so by ranking stocks by their trailing 11-month performance before breaking them into 20 groups. These sub-portfolios each have the same weight, but stocks within them are weighted by market-cap. Since the portfolio is rebalanced quarterly, the exposure is more dynamic than cap-weighted funds, and sector exposures will oscillate more.