(MDY) S&P MIDCAP 400 Trust - Overview

The SPDR® S&P MidCap 400 ETF Trust (MDY) tracks the S&P MidCap 400 Index by holding the same common stocks in the same proportions as the index, ensuring that each stock’s weight in the fund mirrors its weight in the benchmark.

As of the latest reporting period, MDY carries an expense ratio of 0.07% and manages roughly $14 billion in assets, making it one of the larger mid-cap ETFs in the U.S. market.

Top holdings currently include Amgen Inc., Autodesk Inc., and UnitedHealth Group, with the fund’s sector exposure tilted toward technology (≈22%) and health care (≈20%), both of which have been benefiting from strong earnings growth and robust R&D pipelines.

Broader economic drivers such as sustained U.S. GDP growth and a resilient labor market continue to support mid-cap earnings, while rising consumer confidence fuels demand in the discretionary and industrial segments that comprise a sizable portion of the index.

For deeper insights, you might explore ValueRay’s analytics.

• Mid-cap earnings growth drives MDY performance
• Interest rate hikes impact mid-cap borrowing costs
• Economic recession reduces mid-cap company revenues
• Regulatory changes affect specific mid-cap sectors