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Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR® S&P® Dividend ETF

SDY | ETF

$125.36

$20.3 B

3.12%

$3.91

0.35%

Vitals

YTD Return

0.9%

1 yr return

4.4%

3 Yr Avg Return

3.8%

5 Yr Avg Return

7.3%

Net Assets

$20.3 B

Holdings in Top 10

21.3%

52 WEEK LOW AND HIGH

$125.9
$110.20
$131.24

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR® S&P® Dividend ETF

SDY | ETF

$125.36

$20.3 B

3.12%

$3.91

0.35%

SDY - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.06%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    SPDR® S&P® Dividend ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Nov 15, 2005
  • Shares Outstanding
    170303658
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index  (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the
Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Swaps and futures contracts (each, a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.
The Index is designed to measure the performance of the highest dividend yielding S&P Composite 1500® Index (the “Parent Index”) constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. The Parent Index is designed to measure the performance of the broad exchange-traded US equity securities universe. To be eligible for inclusion in the Index, a company must also (i) have a float-adjusted market capitalization of at least $2 billion ($1.5 billion for current Index constituents) and (ii) have a minimum three-month average daily value traded of at least $5 million ($4 million for current Index constituents). Stocks within the Index are weighted by indicated yield (annualized gross dividend payment per share divided by price per share), subject to the following constraints: (i) no stock can have a weight greater than 4% in the Index; (ii) no stock can have a weight greater than 30 times its weight in the Parent Index; and (iii) no stock can have a weight greater than the ratio of its three-month average daily value traded divided by $2 billion. The Index components are reviewed annually in January for continued inclusion in the Index and re-weighted quarterly after the closing of the last business day of January, April, July and October. If between annual reviews the Index Provider (as defined below) determines, based on publicly available information, that an Index constituent has omitted a scheduled dividend payment, announced it will cease paying dividends for an undetermined period, or announced a reduced dividend amount and will no longer qualify for the Index at the subsequent reconstitution, the Index constituent will be removed from the index effective prior to the open of the first business day of the following month. As of August 31, 2023, a significant portion of the Fund comprised companies in the financial, utilities and real estate sectors, although this may change from time to time. As of July 31, 2023, the Index comprised 121 stocks.
The Index is sponsored by S&P Dow Jones Indices LLC (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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SDY - Performance

Return Ranking - Trailing

Period SDY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -4.9% 13.1% 90.24%
1 Yr 4.4% -10.8% 32.4% 93.90%
3 Yr 3.8%* -4.8% 29.8% 84.84%
5 Yr 7.3%* -1.5% 42.8% 83.25%
10 Yr 9.2%* 1.0% 24.4% 25.31%

* Annualized

Return Ranking - Calendar

Period SDY Return Category Return Low Category Return High Rank in Category (%)
2023 -0.1% -24.9% 46.1% 85.18%
2022 -3.1% -65.1% 4.6% 5.41%
2021 21.9% -44.2% 57.5% 21.79%
2020 -1.5% -23.2% 285.0% 59.79%
2019 20.2% -21.4% 48.5% 41.06%

Total Return Ranking - Trailing

Period SDY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -4.9% 13.1% 90.24%
1 Yr 4.4% -10.8% 32.4% 93.90%
3 Yr 3.8%* -4.8% 29.8% 84.84%
5 Yr 7.3%* -1.5% 42.8% 83.25%
10 Yr 9.2%* 1.0% 24.4% 25.31%

* Annualized

Total Return Ranking - Calendar

Period SDY Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -15.9% 46.7% 95.38%
2022 -0.5% -42.0% 8.5% 11.52%
2021 25.4% 3.6% 129.7% 58.34%
2020 1.8% -22.6% 304.8% 60.82%
2019 23.3% -12.7% 52.1% 75.29%

SDY - Holdings

Concentration Analysis

SDY Category Low Category High SDY % Rank
Net Assets 20.3 B 1.09 M 163 B 7.22%
Number of Holdings 124 2 1689 24.38%
Net Assets in Top 10 4.44 B 420 K 33.9 B 7.92%
Weighting of Top 10 21.34% 4.8% 99.9% 82.74%

Top 10 Holdings

  1. 3M Co 3.29%
  2. Realty Income Corp 2.79%
  3. International Business Machines Corp 2.37%
  4. Target Corp 2.20%
  5. Southern Co/The 1.93%
  6. Kenvue Inc 1.81%
  7. T Rowe Price Group Inc 1.80%
  8. AbbVie Inc 1.78%
  9. Medtronic PLC 1.70%
  10. Kimberly-Clark Corp 1.66%

Asset Allocation

Weighting Return Low Return High SDY % Rank
Stocks 		99.49% 1.86% 108.42% 23.60%
Cash 		0.88% -0.79% 38.18% 62.27%
Other 		0.01% -3.53% 39.72% 25.93%
Preferred Stocks 		0.00% 0.00% 13.88% 71.06%
Convertible Bonds 		0.00% 0.00% 3.66% 69.69%
Bonds 		0.00% -0.71% 73.23% 70.63%

Stock Sector Breakdown

Weighting Return Low Return High SDY % Rank
Industrials 		18.34% 0.00% 42.76% 4.42%
Financial Services 		15.63% 0.00% 58.05% 81.44%
Consumer Defense 		14.27% 0.00% 34.10% 10.06%
Utilities 		13.79% 0.00% 27.04% 1.56%
Consumer Cyclical 		10.71% 0.00% 22.74% 7.89%
Healthcare 		7.74% 0.00% 30.08% 96.44%
Basic Materials 		6.07% 0.00% 21.69% 11.19%
Real Estate 		5.53% 0.00% 90.54% 13.79%
Energy 		4.53% 0.00% 54.00% 82.31%
Technology 		2.03% 0.00% 54.02% 97.14%
Communication Services 		1.37% 0.00% 26.58% 93.58%

Stock Geographic Breakdown

Weighting Return Low Return High SDY % Rank
US 		99.49% 1.86% 108.42% 20.16%
Non US 		0.00% 0.00% 27.89% 78.73%

SDY - Expenses

Operational Fees

SDY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.03% 14.82% 93.43%
Management Fee 0.35% 0.00% 1.50% 12.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SDY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SDY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SDY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 0.00% 488.00% 24.92%

SDY - Distributions

Dividend Yield Analysis

SDY Category Low Category High SDY % Rank
Dividend Yield 3.12% 0.00% 38.43% 50.13%

Dividend Distribution Analysis

SDY Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Quarterly

Net Income Ratio Analysis

SDY Category Low Category High SDY % Rank
Net Income Ratio 3.06% -1.51% 4.28% 2.64%

Capital Gain Distribution Analysis

SDY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SDY - Fund Manager Analysis

Managers

Michael Feehily

Start Date

Tenure

Tenure Rank

Oct 31, 2011

10.59

10.6%

Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.

Karl Schneider

Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.

Emiliano Rabinovich

Start Date

Tenure

Tenure Rank

Jan 03, 2017

5.41

5.4%

Emiliano Rabinovich, CFA, is a Vice President of SSGA and the Adviser and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. Within this group, he is the strategy leader for their Smart Beta and ESG products. Mr. Rabinovich currently manages a varied mix of funds that include both traditional indexing and a variety of alternative beta mandates. Also, he manages several local and global strategies and fund structures, which include separate accounts, commingled funds and mutual funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42

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