State Street® SPDR® S&P MIDCAP 400® ETF Trust

What this fund is

State Street® SPDR® S&P MIDCAP 400® ETF Trust is an exchange-traded fund (ETF) from SPDR, traded under the ticker MDY (ISIN US78467Y1073). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one 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. It passively tracks the S&P MidCap 400 Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include Twilio Inc. Class A, Carpenter Technology Corporation and U.S.

Dollar. Spread across roughly 401 holdings (the ten largest ≈ 7.7%), no one position makes or breaks the fund. By industry it concentrates most in ~22.2% Industrials and ~13.4% Technology. 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 0.23% a year — about €23 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 15.8% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 1995. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from SPDR.)