State Street SPDR S&P 500 ETF (SPY) Expense Ratio
The expense ratio for State Street SPDR S&P 500 ETF (SPY) is 0.09% — the annual fee deducted from fund assets, or about $0.90 a year per $1,000 invested.
SPY Fund Facts
State Street SPDR S&P 500 ETF is an exchange-traded fund. These are the fund-level facts; company fundamentals (P/E, revenue, earnings) belong to each underlying holding.
- Expense Ratio
- 0.09%
- Net Assets (AUM)
- $771.35B
- NAV
- $732.96
- Holdings
- 504
- Inception
- Jan 22, 1993
- Fund Company
- SPDR
SPY Sector Weights
- Technology39.05%
- Financial Services11.07%
- Communication Services10.64%
- Consumer Cyclical9.89%
- Healthcare8.30%
- Industrials7.82%
- Consumer Defensive4.50%
- Energy3.13%
- Utilities2.11%
- Real Estate1.81%
- Basic Materials1.67%
- Cash & Others0.01%
About State Street SPDR S&P 500 ETF
SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can`t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.
- Sector
- Financial Services
- Industry
- Asset Management