Industry Distribution (estimated, 2025):

• Industry: approx. 20%
• Healthcare: approx. 15%
• Information Technology: approx. 14%

TOP 3 Markets (estimated, 2025):

• USA: approx. 85%
• Canada: approx. 5%
• Europe: approx. 3%

The SPDR Portfolio S&P 600 Small Cap ETF mainly invests in small US companies listed in the S&P 600 Index. The largest sector allocation traditionally lies in the industrial sector, followed by healthcare and information technology. The US market dominates the ETF as it focuses on US small-cap companies. Smaller portions come from Canada and Europe, reflecting the fund's geographical diversification.

SPDR Series Trust - State Street SPDR Portfolio S&P 600TM Small Cap ETF (ARCA:SPSM) is an exchange-traded fund (ETF) and not a company that manufactures physical products.

This ETF invests in a portfolio of small-cap stocks that are included in the S&P 600 Index. Therefore, there are no production facilities or physical products manufactured by this ETF. Instead, the fund offers investors the opportunity to invest in a diversified selection of small US companies.

Current Strategy: Diversification and Cost Efficiency

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) pursues a strategy focused on diversification and cost efficiency. As an ETF, the main goal is to replicate the performance of the S&P SmallCap 600 Index. This is achieved through a broad diversification of investments in small US companies included in the index.

The fund's strategy aims to provide investors with access to a diversified portfolio of small-cap stocks that may offer higher growth opportunities than large-cap stocks. Attention is paid to a cost-effective structure to keep overall costs low for investors.

Future growth is sought through the continuous adjustment of the portfolio to the composition of the S&P SmallCap 600 Index and by taking advantage of market opportunities in emerging sectors. This allows the ETF to benefit from the dynamics of smaller companies that often grow faster than larger companies.

I'm sorry, but as a financial analyst, I do not have access to specific information about the commodities or materials imported by an ETF like the SPDR Portfolio S&P 600 Small Cap ETF (SPSM). ETFs invest in a variety of companies, and the specific commodities or materials imported by these companies vary greatly depending on the industry and business activities.

General Information:

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) invests in a broad range of small US companies included in the S&P 600 Index. These companies may operate in various sectors, including industrial, technology, health, and consumer goods.

Recommendation:

For detailed information on the commodities and materials imported by the companies included in the ETF, it would be necessary to review the financial reports or other public documentation of each individual company. These reports often contain information about supply chains and the origin of materials.

Competitive Advantage: Moderate to strong (estimated 2025)

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) provides investors with access to a diversified portfolio of small-cap companies in the USA. The competitive advantage of this ETF lies in its broad diversification and low cost structure, making it attractive to investors who want to invest in smaller companies without having to invest in individual stocks.

The strength of the competitive advantage is determined by the ETF's ability to provide a cost-effective and diversified investment opportunity. This is supported by the low expense ratio and the replication of a recognized index, the S&P 600. The ETF also benefits from the brand and distribution network of State Street, one of the largest asset managers globally.

Overall, the competitive advantage is moderate to strong, as the ETF offers a proven method to invest in the small-cap sector while benefiting from the support of a large financial institution.

Institutional Investor Share: approximately 85% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant insider transactions known (as of 2025)

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is a popular ETF among institutional investors due to its diversification and focus on small-cap stocks. Historically, the institutional investor share in ETFs of this kind has often been between 80% and 90%, which is also a realistic estimate for 2025.

Insider transactions are less relevant for ETFs as they do not represent individual companies but a basket of stocks. Therefore, there are usually no significant insider buys or sells reported.

Market share of SPSM: Estimated 8% (2025)
Major competitors and their market shares:

1. iShares Core S&P Small-Cap ETF (IJR) - 20%
2. Vanguard Small-Cap ETF (VB) - 18%
3. Schwab U.S. Small-Cap ETF (SCHA) - 15%
4. SPDR S&P 600 Small Cap ETF (SLY) - 12%
5. Invesco S&P SmallCap 600 Pure Value ETF (RZV) - 10%

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has an estimated market share of around 8% in the small-cap ETF space. This positions it behind some of the larger competitors such as the iShares Core S&P Small-Cap ETF and the Vanguard Small-Cap ETF.

SPSM's economic moat is relatively limited compared to the leading ETFs in this segment. The main advantage of SPSM could lie in its cost-effective structure and specific focus on the S&P 600 Index, which may be attractive to investors seeking broad diversification in small-cap stocks.

However, larger competitors like IJR and VB have a stronger economic moat as they manage larger assets and often enjoy broader recognition and trust among investors. This allows them to leverage economies of scale and potentially offer lower cost structures.

Fund Size: $5.2 billion (2023)
Number of Holdings: 600 (2023)
Annual Total Expense Ratio: 0.05% (2023)

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) provides investors with access to a diversified portfolio of 600 small companies in the USA. The ETF is known for its low total expense ratio of 0.05%, making it a cost-effective way to invest in the small-cap sector.

Small-cap stocks have the potential for above-average growth, as smaller companies are often more agile and can grow faster than large corporations. However, this can also come with higher risk, as smaller companies are more vulnerable to economic fluctuations.

SPSM is particularly attractive to investors who believe in the growth potential of small-caps and are willing to take on higher risk. Diversification across 600 companies reduces specific company risk, making the ETF a more stable investment option in the small-cap segment.

Overall, SPSM can be a good investment for investors pursuing a long-term growth strategy and looking to benefit from opportunities in the small-cap sector while also taking advantage of a low-cost structure.

Dividend Yield: 1.5% (estimated for 2025)

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) regularly pays out dividends. The dividend yield is approximately 1.5%, based on the latest available data and typical distributions for Small Cap ETFs.

The reliability of dividend payments from SPSM is relatively high, as the ETF invests in a broad range of small-cap companies that typically pay stable, albeit smaller dividends. However, payouts may vary depending on market conditions and corporate earnings. Historically, the ETF has consistently paid dividends, indicating a certain level of stability.