Key stats
About SPDR SSGA US Small Cap Low Volatility Index ETF
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Inception date
Feb 20, 2013
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
SMLV offers a low-volatility take on the US small-cap market. Basically, the fund applies a volatility optimizer to the Russell 2000 Index. SMLV aims for optimal low-volatility exposure by screening out other technical factors like momentum and beta while keeping turnover in check. Notably, the fund looks little like the broad small-cap market and comes with strong sector biases, with a significant exposure to financials. All in all, SMLV offers a valid take on the space, but investors should trade with limit orders and monitor asset levels. Note: Prior to December 13, 2016, the fund was called SPDR Russell 2000 Low Volatility ETF and tracked the Russell 2000 Low Volatility Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks100.04%
Finance74.24%
Producer Manufacturing3.65%
Health Technology2.78%
Energy Minerals2.18%
Electronic Technology2.15%
Utilities1.95%
Technology Services1.86%
Commercial Services1.75%
Process Industries1.45%
Consumer Services1.23%
Industrial Services1.21%
Consumer Non-Durables1.10%
Consumer Durables0.91%
Transportation0.84%
Retail Trade0.80%
Communications0.62%
Health Services0.60%
Miscellaneous0.48%
Distribution Services0.22%
Bonds, Cash & Other−0.04%
Cash−0.04%
Stock breakdown by region
North America98.14%
Latin America1.08%
Middle East0.42%
Europe0.37%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history