Industry Distribution:

• Industry: 20%
• Healthcare: 18%
• Information Technology: 15%
• Finance: 14%
• Consumer Goods: 12%
• Other Industries: 21%

TOP 3 Markets:

• USA: 75%
• Canada: 10%
• Europe: 8%

The SPDR Portfolio S&P 400 Mid Cap ETF primarily invests in medium-sized companies listed in the S&P 400 Index. Revenues come from a diversified mix of industries, with Industry, Healthcare, and Information Technology comprising the largest shares. The fund is heavily focused on the US market, reflected in a high percentage of revenues from the USA. Canada and Europe follow as other significant markets, but with significantly lower shares.

SPDR Series Trust - State Street SPDR Portfolio S&P 400TM Mid Cap ETF (ARCA:SPMD) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in a portfolio of mid-cap companies that are included in the S&P 400 Index. Therefore, the ETF itself does not produce products but holds shares in various companies, which are typically based in the United States and offer their products and services there.

For specific information about the production locations of the companies in the ETF's portfolio, one would need to analyze the individual companies included in the S&P 400 Index.

Current fund volume: $5.2 billion (2025)

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) follows a passive investment strategy aiming to replicate the performance of the S&P MidCap 400 Index. This strategy focuses on investing in medium-sized US companies that offer a balanced mix of growth and value.

For future growth, the ETF relies on diversification within the mid-cap segment to benefit from the growth opportunities of these companies. The strategy includes:

1. Broad Diversification: The ETF invests in a variety of sectors to spread risk and capitalize on different market conditions.

2. Cost Efficiency: With a low expense ratio, the ETF remains attractive to investors, potentially leading to higher capital inflows in the long term.

3. Index Replication: By accurately replicating the S&P MidCap 400 Index, the ETF ensures that it reflects the performance of the underlying market, appealing to investors who believe in the growth potential of mid-cap companies.

This strategy allows the ETF to benefit from the dynamics and growth opportunities of medium-sized companies while minimizing risks through diversification.

Commodities/Materials: No direct imports

The SPDR Portfolio S&P 400 Mid Cap ETF (ARCA:SPMD) is an exchange-traded fund (ETF) that tracks the S&P MidCap 400 Index. As a financial product, the ETF itself does not import or export any commodities or materials. Instead, it invests in a diversified portfolio of mid-sized US companies that are included in the S&P MidCap 400 Index.

However, the companies in which the ETF invests may import commodities or materials. This information is specific to each company and cannot be generalized for the ETF. To obtain detailed information about the commodity imports of individual companies, one would need to analyze the annual reports or other publications of the respective companies.

Competitive Advantage: Moderate to Strong (2025)

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) provides investors with access to mid-sized US companies included in the S&P 400 Index. The competitive advantage of this ETF lies in its broad diversification and cost-effective structure.

Compared to other ETFs in the same category, SPMD stands out for its low management fees, making it attractive to cost-conscious investors. Additionally, the ETF benefits from the established SPDR brand and the expertise of State Street Global Advisors, one of the largest asset managers globally.

Another advantage is the liquidity and trading volume of the ETF, making it accessible to institutional and retail investors alike. This allows for easy entry and exit, which is advantageous during volatile market phases.

Institutional Investor Share: approximately 75% (estimated, 2025)
Insider Buys/Sells: No significant insider transactions reported (2025)

The institutional investor share in ETFs such as the SPDR Portfolio S&P 400 Mid Cap ETF is typically high, as these funds are often used by large institutional investors such as pension funds, insurance companies, and asset managers to obtain diversified exposures in specific market segments.

Insider transactions are less relevant for ETFs, as they are funds that hold a variety of stocks, rather than a single company where insider transactions could play a larger role. Therefore, there are usually no significant insider buys or sells in ETFs.

Market share of SPMD: Estimated around 2-3% (2025)

Main competitors and their market shares:

1. iShares Core S&P Mid-Cap ETF (IJH): around 25%
2. Vanguard Mid-Cap ETF (VO): around 20%
3. Vanguard S&P Mid-Cap 400 ETF (IVOO): around 15%
4. Schwab U.S. Mid-Cap ETF (SCHM): around 10%
5. Invesco S&P MidCap Low Volatility ETF (XMLV): around 7%
6. SPDR S&P MidCap 400 ETF Trust (MDY): around 5%
7. State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD): around 2-3%

Moat Analysis:

Compared to larger competitors like IJH and VO, the moat of SPMD is less pronounced. These ETFs have a significant advantage due to their size, liquidity, and established brands. However, SPMD offers a cost-effective alternative with a lower expense ratio, which can be attractive to cost-conscious investors.

Nevertheless, larger competitors are typically better diversified and offer higher liquidity, making them more appealing to institutional investors. The competitive advantage of SPMD mainly lies in its cost structure, while the other ETFs excel in market presence and liquidity.

Fund Size: $3.5 billion USD (2023) Annual Expense Ratio: 0.05% (2023) Number of Holdings: 400 (2023)

The SPDR Portfolio S&P 400 Mid Cap ETF offers investors a cost-effective way to invest in a diversified portfolio of mid-sized US companies. With a very low expense ratio of 0.05%, this ETF is particularly attractive to long-term investors looking for broad market coverage.

The fund invests in 400 companies included in the S&P MidCap 400 Index, ensuring broad diversification across various industries and sectors. This reduces the risk associated with investing in individual companies while offering the potential for solid growth typically associated with mid-sized companies.

In addition to the structural advantages of the fund, the historical performance of the S&P MidCap 400 Index shows that mid-sized companies often have higher growth potential than large companies while being less volatile than small companies. This makes the ETF an attractive option for investors seeking a balanced risk-return profile.

Overall, the SPDR Portfolio S&P 400 Mid Cap ETF is a solid investment opportunity for investors interested in mid-sized US companies due to its low costs, broad diversification, and potential for long-term growth.

Dividend Yield: 1.5% (estimated for 2025)

The SPDR Portfolio S&P 400 Mid Cap ETF (Ticker: SPMD) regularly pays a dividend that is based on the earnings of the mid-cap companies included in the fund. The dividend yield typically ranges from 1.5% to 2%.

The reliability of the payout depends on the performance of the companies included in the ETF. As the ETF is broadly diversified, it offers a certain stability in dividend payments. Historically, the ETF has consistently distributed its dividends, indicating a solid foundation for future payouts.

However, it is important to note that dividend yields can fluctuate and are influenced by the overall market conditions as well as the economic performance of the companies included in the ETF.