Nine exchange traded funds (ETFs) from State Street are getting a makeover, just in time for the new year.
Depending on the fund, they will get new names, new indexes, new, lower, expense ratios – or all of the above.
The seven style-box ETFs will receive new ticker symbols, while the two bond ETFs will retain their current symbols, reports Ron Rowland for Invest With An Edge. [What You Should Know About ETF Expenses.]
Here’s the rundown:
- SPDR S&P 500 Growth ETF (NYSEArca: SPYG): Index changes from Dow to S&P; current expense ratio of 0.20% will stay the same
- SPDR S&P 500 Value ETF (NYSEArca: SPYV): Index changes from Dow to S&P; expense ratio drops from 0.21% to 0.20%.
- SPDR S&P 400 Mid Cap Growth ETF (NYSEArca: MDYG): Index changes from Dow to S&P; expense ratio drops from 0.28% to 0.25%.
- SPDR S&P 400 Mid Cap Value ETF (NYSEArca: MDYV): Index changes from Dow to S&P; expense ratio drops from 0.34% to 0.25%.
- SPDR S&P 600 Small Cap ETF (NYSEArca: SLY): Index changes from Dow to S&P; expense ratio drops from 0.32% to 0.20%.
- SPDR S&P 600 Small Cap Growth ETF (NYSEArca: SLYG): Index changes from Dow to S&P; expense ratio drops from 0.26% to 0.25%.
- SPDR S&P 600 Small Cap Value ETF (NYSEArca: SLYV): Index changes from Dow to S&P; expense ratio will drop from 0.27% to 0.25%.
Two bond ETFs will also get changes; the term “credit bond” has been replaced by “corporate bond” and both will keep their current expense ratios of 0.15% in place:
- SPDR Barclays Capital Intermediate Term Corporate Bond ETF (NYSEArca: ITR)
- SPDR Barclays Capital Long Term Corporate Bond ETF (NYSEArca: LWC)
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.