The 15 Portfolio ETFs are not new ETFs in the normal sense since State Street has repurposed 15 existing ETFs. The new 15 Portfolio ETFs use to be respectively known as:
- SPDR Russell 3000 ETF (NYSEArca: THRK)
- SPDR Russell 1000 ETF (NYSEArca: ONEK)
- SPDR S&P 1000 ETF (NYSEArca: SMD)
- SPDR Russell 2000 ETF (NYSEArca: TWOK)
- SPDR S&P 500 Growth ETF (NYSEArca: SPYG)
- SPDR S&P 500 Value ETF (NYSEArca: SPYV)
- SPDR S&P 500 High Dividend ETF (NYSEArca: SPYD)
- SPDR S&P® World ex-US ETF (NYSEArca: GWL)
- SPDR S&P Emerging Markets ETF (NYSEArca: GMM)
- SPDR Bloomberg Barclays Aggregate Bond ETF (NYSEArca: BNDS)
- SPDR Bloomberg Barclays Long Term Corporate Bond ETF (NYSEArca: LWC)
- SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF (NYSEArca: ITR)
- SPDR Bloomberg Barclays Short Term Corporate Bond ETF (NYSEArca: SCPB)
- SPDR Bloomberg Barclays Long Term Treasury ETF (NYSEArca: TLO)
- SPDR Bloomberg Barclays Short Term Treasury ETF (NYSEArca: SST)
Additionally, SPTM will now track the SSGA Total Track Market Index. SPLG will follow the SSGA Large Cap Index and SPDR Portfolio Small Cap ETF will reflect the SSGA Small Cap Index.
The revamped suite of core State Street SPDR ETFs reveals the increased focus on low-cost fees as a catalyst for asset growth in the industry. State Street was previously the second largest U.S.-listed ETF provider by assets under management, but it has been eclipsed by Vanguard Group in the ongoing so-called ETF fee war that has pushed expense ratios closer and closer to zero.
“Demand for low-cost ETFs has accelerated in recent years, as advisors and investors have replaced mutual funds in asset allocation models or shifted to buying ETFs from commission free platforms. SSGA has lost market share to iShares, Vanguard and Schwab as its more expensive products were not well suited to a fee-based approach,” Rosenbluth added.
For more information on new fund products, visit our new ETFs category.