State Street® SPDR® S&P 600™ Small Cap Value ETF

What this fund is

State Street® SPDR® S&P 600™ Small Cap Value ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker SLYV (ISIN US78464A3005). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. Rather than a manager picking stocks, it simply replicates the S&P SmallCap 600 Value Index index — the passive, low-cost approach, and its largest holdings include MOLINA HEALTHCARE INC, MATCH GROUP INC and EASTMAN CHEMICAL CO.

Spread across roughly 464 holdings (the ten largest ≈ 8.3%), no one position makes or breaks the fund. By industry it concentrates most in ~16.9% Financials and ~11.8% Industrials. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.15% a year — about €15 a year on a €10,000 holding, taken automatically from the fund.

It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD. Its price has swung about 18% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2000. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)