SPDR® SSGA US Small Cap Low Volatility Index ETF SMLV

NAV
$114.38
as of Feb 01 2023
Base Currency
USD
Assets Under Management
$210.46 M
as of Feb 01 2023
Gross Expense Ratio
0.12%

Key Features


  • The SPDR SSGA US Small Cap Low Volatility Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA US Small Cap Low Volatility Index (the “Index”)
  • The index constituents are a subset of the 2000 U.S. stocks list on a U.S. exchange whose market capitalizations rank from 1,001 to 3,000 as of the Index rebalance date
  • Index utilizes a rules based process that seeks to increase exposure to stocks in the Index universe that exhibit low volatility
  • The index weights securities such that securities with the lower volatility receive the highest weights, subject to liquidity constraints


About this Benchmark


The SSGA US Small Cap Low Volatility Index is designed to track the performance of U.S. small capitalization companies that exhibit low volatility. Volatility is a statistical measurement of the magnitude of movements in a stock’s price over time.

SSGA US Low Volatility Indexes Methodology >>


Fund Information as of Feb 02 2023

Benchmark SSGA US Small Cap Low Volatility Index
Inception Date Feb 20 2013
Options Available No
Gross Expense Ratio
0.12%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly

Listing Information as of Feb 02 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Feb 21 2013 USD SMLV 78468R887 US78468R8878

Fund Characteristics as of Feb 01 2023

Est. 3-5 Year EPS Growth
10.35%
Number of Holdings 418
Price/Book Ratio
1.77
Price/Earnings Ratio FY1
13.76
Weighted Average Market Cap $2,423.96 M

Index Characteristics as of Jan 31 2023

Est. 3-5 Year EPS Growth 10.19%
Number of Holdings 417
Price/Cash Flow 10.54
Price/Earnings 14.20
Price/Earnings Ratio FY1 13.67

Index Statistics as of Jan 31 2023

Average Size Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$2,225.08 M $2,066.81 M $1,703.92 M $7,132.84 M $244.15 M

Yields as of Jan 31 2023

30 Day SEC Yield
2.08%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
2.28%
Index Dividend Yield
2.33%

Fund Market Price as of Feb 01 2023

Bid/Ask
$114.38
Closing Price
$114.30
Day High $114.30
Day Low $112.99
Exchange Volume (Shares)
110
Premium/Discount
0.00%
30-Day Median Bid/Ask Spread
0.19%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
105
Days Traded at Discount
146

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Fund Net Cash Amount as of Feb 01 2023

Net Cash Amount $63,831.92

Fund Net Asset Value as of Feb 01 2023

NAV
$114.38
Shares Outstanding 1.84 M
Assets Under Management $210.46 M

Fund Performance

  • Fund Inception Date: Feb 20 2013

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Feb 20 2013
Fund Before Tax
NAV Dec 31 2022 -4.90% 9.82% -7.79% -7.79% 5.05% 6.18% - 9.78%
Market Value Dec 31 2022 -4.89% 9.77% -7.79% -7.79% 5.04% 6.15% - 9.78%
SSGA US Small Cap Low Volatility Index Dec 31 2022 -4.91% 9.87% -7.73% -7.73% 5.32% 6.42% - 9.90%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 -5.21% 9.46% -8.69% -8.69% 4.20% 5.28% - 8.51%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -2.90% 5.82% -4.62% -4.62% 3.62% 4.52% - 7.44%
SSGA US Small Cap Low Volatility Index Dec 31 2022 -4.91% 9.87% -7.73% -7.73% 5.32% 6.42% - 9.90%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Feb 20 2013
Fund Before Tax
NAV Dec 31 2022 -4.90% 9.82% -7.79% -7.79% 5.05% 6.18% - 9.78%
Market Value Dec 31 2022 -4.89% 9.77% -7.79% -7.79% 5.04% 6.15% - 9.78%
SSGA US Small Cap Low Volatility Index Dec 31 2022 -4.91% 9.87% -7.73% -7.73% 5.32% 6.42% - 9.90%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 -5.21% 9.46% -8.69% -8.69% 4.20% 5.28% - 8.51%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -2.90% 5.82% -4.62% -4.62% 3.62% 4.52% - 7.44%
SSGA US Small Cap Low Volatility Index Dec 31 2022 -4.91% 9.87% -7.73% -7.73% 5.32% 6.42% - 9.90%

Past performance is not a reliable indicator of future performance. 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. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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.

The SSGA US Small Cap Low Volatility Index reflects linked performance returns of both the SSGA US Small Cap Low Volatility Index and the Russell 2000 Low Volatility Index. The index returns are reflective of the Russell 2000 Low Volatility Index from fund inception until 12/13/2016 and of the SSGA US Small Cap Low Volatility Index effective 12/13/2016.

Gross Expense Ratio: 0.12%


Top Holdings

as of Feb 01 2023
as of Jan 31 2023

Fund Top Holdings as of Feb 01 2023

Name Shares Held Total Mkt Cap M Weight
Equity Commonwealth 142,588 $2,780.57 1.72%
White Mountains Insurance Group Ltd 1,167 $3,848.89 0.83%
NewMarket Corporation 3,571 $3,630.81 0.62%
Agree Realty Corporation 17,267 $6,588.08 0.61%
City Holding Company 13,161 $1,430.90 0.60%
American States Water Company 12,291 $3,584.47 0.57%
Silgan Holdings Inc. 21,598 $5,948.67 0.55%
AMERISAFE Inc. 21,122 $1,054.72 0.55%
MAXIMUS Inc. 15,117 $4,603.57 0.54%
Getty Realty Corp. 31,912 $1,666.54 0.54%
Download All Holdings: Daily

Index Top Holdings as of Jan 31 2023

Name Weight
Equity Commonwealth 1.75%
White Mountains Insurance Group Ltd 0.86%
Agree Realty Corporation 0.62%
City Holding Company 0.60%
NewMarket Corporation 0.59%
AMERISAFE Inc. 0.56%
Silgan Holdings Inc. 0.56%
Getty Realty Corp. 0.56%
American States Water Company 0.56%
MAXIMUS Inc. 0.54%

Sector Allocation

as of Feb 01 2023
as of Jan 31 2023

Fund Sector Breakdown as of Feb 01 2023

Sector Weight
Financials 30.64%
Industrials 17.02%
Information Technology 10.31%
Real Estate 8.96%
Health Care 7.92%
Consumer Discretionary 6.71%
Materials 5.29%
Consumer Staples 4.19%
Utilities 4.01%
Communication Services 2.89%
Energy 2.06%

Index Sector Breakdown as of Jan 31 2023

Sector Weight
Financials 30.85%
Industrials 16.92%
Information Technology 10.18%
Real Estate 9.06%
Health Care 7.88%
Consumer Discretionary 6.71%
Materials 5.24%
Consumer Staples 4.21%
Utilities 3.99%
Communication Services 2.87%
Energy 2.08%

Purchase Information


Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.


In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Unless otherwise noted all information contained herein is that of the SPDR SSGA US Small Cap Low Volatility Index ETF.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

The SSGA US Small Cap Low Volatility Index reflects linked performance returns of both the SSGA US Small Cap Low Volatility Index and the Russell 2000 Low Volatility Index. The index returns are reflective of the Russell 2000 Low Volatility Index from fund inception until 12/13/2016 and of the SSGA US Small Cap Low Volatility Index effective 12/13/2016.