MDY THE POWER IN THE MIDDLE - From the problem middle child to the frustrated middle manager, the middle is often viewed as negative ground. But ...
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MDY
THE
MIGHTY
MIDCAP
From the problem middle child to the frustrated middle manager, the middle
is often viewed as negative ground. But when it comes to investing, there is
POWER IN THE MIDDLE.OLD ENOUGH TO KNOW,
YOUNG ENOUGH TO DO
Mid-cap companies with market capitalizations between $1 billion and $12 billion
combine small caps’ attractive growth attributes with some of the stability
associated with large caps and have outperformed small and large caps since 2000.
Mid Caps Aren’t Stuck in the Middle of the Pack
Growth of Hypothetical $10,000 Since 1997
$
1,00,000
80,000
S&P MidCap Index
S&P Small Cap 600 Index
60,000
S&P 500 Index
40,000
20,000
0 1997 2002 2006 2010 2014 2018
Source: FactSet, as of 09/30/2018. The growth of hypothetical $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividend and capital gains. Past performance is not a guarantee of future results. Index returns are
unmanaged and do not reflect the deduction of any fees or expenses. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Index performance does not reflect charges and expenses associated with the
fund or brokerage commissions associated with buying and selling a fund. Index performance is not meant to represent that of any particular fund.PORTFOLIO CONSTRUCTION
Adding Mid Caps Can Improve Risk-Adjusted Returns
Performance
for the Past S&P 500
S&P
MidCap 400 Russell
33.33% S&P
Two Decades 33.33% S&P 500
50%
SmallCap 600
3000
Index
50% 100%
S&P
SmallCap 600
33.33%
20-Year Annualized
Return (%)
10.20 9.57 7.82
20-Year Annualized
Standard Deviation (%) 15.68 15.43 14.70
Sharpe Ratio 0.53 0.50 0.41
Source: FactSet, as of 09/30/2018. Past performance is not a guarantee of future results. The hypothetical portfolios are rebalanced monthly. Transaction fees are not deducted from the performance. Returns, standard deviation and Sharpe Ratio
are calculated using monthly returns. Returns were achieved by mathematically combining the actual performance data of the indices. Performance quoted represents past performance, which is no guarantee of future results. Investment return and
principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to
invest directly in an index. Index performance does not reflect charges and expenses associated with the fund or brokerage commissions associated with buying and selling a fund.MDY
THE
MIGHTY
MIDCAP
MOVE TO THE MIGHTY MIDDLE WITH
THE SPDR® S&P MIDCAP 400®
MDY beats 85% of the Morningstar U.S. Mid-Cap Blend Category over the
last 3, 5 and 10 years.1
To learn more about the Mighty Midcap MDY visit spdrs.com/mdy
1
Morningstar as of 09/30/2018. Based on funds in the Morningstar Mid-Cap Blend Category (oldest share class). Rankings are based on
returns after taxes that are net of all fees, maximum federal tax rate (39.6%) and applicable sales loads. Rankings reflecting lower tax
rates may have resulted in less favorable results for exchange traded funds due to their tax efficiency. Universe: 112 funds for 10 years,
135 funds for 5 years, and 151 funds for 3 years. MDY’s 1 year peer group percentile is 28% (51 of 179 funds). Past performance is no
guarantee of future results.Annualized
Since Inception Gross
YTD 1 Year 3 Year 5 Year 10 Year Inception Date Expense Ratio
MDY SPDR® S&P MidCap 400 ETF (NAV) 7.27% 13.87% 15.31% 11.57% 12.13% 11.89% 05/04/1995 0.24%
MDY SPDR® S&P MidCap 400 ETF (MKT) 7.25% 13.94% 15.33% 11.56% 12.19% 11.89%
Source: State Street Global Advisors, SPDRS.com, 09/30/2018.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have
a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit spdrs.com for most recent month end performance. The
market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the
Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.
State Street Global Advisors Before investing, consider the funds’ investment objectives,
One Iron Street, Boston, MA 02210 risks, charges and expenses. To obtain a prospectus or summary
T: +1 866 787 2257.
prospectus which contains this and other information, call
Important Risk Information
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at
866.787.2257 or visit spdrs.com. Read it carefully.
prices above or below the ETFs’ net asset value. Brokerage commissions and ETF expenses will
reduce returns.
SPDR©, S&P and S&P MidCap 400 are registered trademarks of Standard & Poor’s Financial Not FDIC Insured.
Services LLC, a division of S&P Global (“S&P”) and have been licensed for use by State No Bank Guarantee.
Street Corporation. No financial product offered by State Street or its affiliates is sponsored, May Lose Value.
endorsed, sold or promoted by S&P.
ALPS Distributors, Inc. (fund distributor); State StreetGlobal Advisors Funds Distributors, LLC
(marketing agent). SPDR S&P MidCap 400 ETF is a unit investment trust.
© 2018 State Street Corporation. All Rights Reserved
ID14590-1975055.5.1.AM.RTL. 1018 Exp. Date: 01/31/2019. MID000565You can also read
