Industry Distribution:

• Industry: 20%
• Healthcare: 18%
• Information Technology: 15%

TOP 3 Markets:

• USA: 70%
• Canada: 10%
• United Kingdom: 5%

The SPDR S&P 400 US Mid Cap UCITS ETF (LSE:SPY4) invests in medium-sized US companies operating in various industries. The majority of revenue comes from the industry, healthcare, and information technology sectors.

The US market dominates with a 70% share of total revenues, followed by Canada and the United Kingdom. This distribution reflects the strong presence and focus of the ETF on the North American market.

SSgA SPDR ETFs Europe I Public Limited Company is a provider of Exchange Traded Funds (ETFs) and does not produce physical products.

The company offers financial products that are traded on stock exchanges and manages these funds. The management and structuring of such ETFs typically takes place in financial centers, with the physical or synthetic replication of the underlying indices supported by financial institutions and custodians worldwide.

As a financial services provider, the term "production" is not applicable here in the traditional sense.

Current Strategy: Diversification and Market Expansion

Focus on ESG Investments: Increasing Integration of Environmental, Social, and Governance Criteria

The SSgA SPDR ETFs Europe I Public Limited Company pursues a strategy of diversification with its SPDR S&P 400 US Mid Cap UCITS ETF to promote growth. The ETF aims to replicate the performance of the S&P 400 Mid Cap Index, which includes a broad range of mid-sized US companies. This diversification allows investors to benefit from the dynamics and growth potential of the mid-cap segment.

Additionally, the company places an increased focus on ESG investments. The integration of environmental, social, and governance criteria into their investment strategies reflects the growing trend of promoting sustainable and responsible investments. This could lead to increased demand from investors focusing on sustainable investment strategies in the future.

Furthermore, expanding into new markets and introducing new products could help drive further growth. Continuously adapting to market trends and investor needs remains a key component of their strategy.

Imported Raw Materials/Materials: No specific raw materials

Countries of Origin: Not applicable

The SPDR S&P 400 US Mid Cap UCITS ETF is an exchange-traded fund (ETF) that tracks the S&P 400 Mid Cap Index. ETFs invest in a portfolio of stocks and not directly in raw materials or materials. Therefore, the ETF itself does not import any raw materials or materials.

The ETF invests in mid-sized US companies that are included in the S&P 400 Index. These companies may in turn import raw materials or materials, but this information pertains to the activities of individual companies and not to the ETF itself.

Market share in the ETF segment: Estimated at 5-10% (2025)
Assets under management (AUM): Approximately 2 billion USD (2025)
Expense ratio: 0.30% (2025)

The SPDR S&P 400 US Mid Cap UCITS ETF, managed by SSgA SPDR ETFs Europe I Public Limited Company, has a moderate competitive advantage in the ETF market. The ETF provides access to mid-sized US companies and is popular among investors seeking diversified exposure in this market segment.

A key advantage is the relatively low expense ratio of 0.30%, which is competitive compared to other ETFs. This makes it attractive to cost-conscious investors. Additionally, the ETF benefits from the strong brand and trust associated with the SPDR label.

However, competition in the ETF market is intense, with many providers offering similar products. The competitive advantage could be strengthened through continuous product innovation and adaptation to market trends.

Institutional Investor Share: Estimated around 70% (2025)

Insider Buys/Sells: Not applicable for ETFs

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

Insider buys or sells are not relevant for ETFs, as they are funds that track a collection of securities and not individual companies with insiders. Trading activities relate to the shares of the ETF itself and not the underlying assets.

Market share of SPDR S&P 400 US Mid Cap UCITS ETF (SPY4): Estimate: 5% (2025)

Top competitors and their market shares:

1. iShares Core S&P Mid-Cap ETF (IJH): 20%
2. Vanguard Mid-Cap ETF (VO): 18%
3. Schwab U.S. Mid-Cap ETF (SCHM): 12%
4. Invesco S&P MidCap 400 ETF (MDY): 10%
5. SPDR Portfolio S&P 400 Mid Cap ETF (SPMD): 8%

The SPDR S&P 400 US Mid Cap UCITS ETF (SPY4) has a market share of approximately 5%, making it a smaller player compared to the leading ETFs in this segment. Major competitors, such as the iShares Core S&P Mid-Cap ETF and the Vanguard Mid-Cap ETF, dominate the market with significantly higher shares.

Moat Analysis:

Compared to its larger competitors, SPY4's moat is less pronounced. Larger ETFs like IJH and VO benefit from economies of scale, a broader investor base, and stronger brand recognition. These factors provide them with a significant competitive advantage.

However, SPY4 could try to increase its market share through specialized investment strategies or lower cost structures. Currently, the larger ETFs seem to have the stronger moat as they are more established and have more resources to attract and retain investors.

Managed Assets: 2.5 billion USD (2024) Annual Expense Ratio: 0.30% (2024) 5-Year Performance: 8.2% p.a. (2024)

The SPDR S&P 400 US Mid Cap UCITS ETF provides investors with access to medium-sized US companies, which are often considered growth-oriented. With managed assets of 2.5 billion USD and an annual expense ratio of 0.30%, the ETF is cost-efficient and offers broad diversification within the mid-cap segment.

Over the past five years, the ETF has delivered an average annual return of 8.2%, indicating a solid performance. This performance is particularly attractive for investors seeking diversified exposure to US mid-caps without having to invest directly in individual stocks.

The long-term growth prospects for mid-cap companies in the US remain positive, as they are often more agile and innovative than large-caps. This could continue to lead to above-average performance, especially in an economic environment that favors growth and innovation.

Dividend Yield: 1.5% (estimated for 2025)
Payout Frequency: Quarterly

The SPDR S&P 400 US Mid Cap UCITS ETF is known for regularly distributing dividends. The dividend yield typically ranges from 1.5% to 2%, depending on the general market performance and the underlying mid-cap stocks.

The reliability of the payout is high, as the ETF invests in a diversified selection of mid-cap companies that generally generate stable earnings. Historically, the ETF has distributed its dividends regularly and on time, making it an attractive choice for investors seeking both growth and regular income.