From Nasdaq: 2024-04-15 06:20:07

Launched on 11/08/2005, the SPDR Portfolio S&P 500 ETF (SPLG) is a passively managed exchange-traded fund with over $33.21 billion in assets. It aims to provide broad exposure to the Large Cap Blend segment of the US equity market, sponsored by State Street Global Advisors.

Large cap companies have market capitalization above $10 billion, making them stable with less risk. Blend ETFs like SPLG hold a mix of growth and value stocks. With an expense ratio of 0.02% and a 12-month dividend yield of 1.37%, it’s a cost-effective investment option.

SPLG has a heavy sector allocation to Information Technology at about 30.20%, with top holdings like Microsoft Corp and Apple Inc. Performance wise, it seeks to match the Russell 1000 Index’s return, and has gained about 7.82% YTD and 26.89% in the last year.

With a Zacks ETF Rank of 1 (Strong Buy), SPLG is a great choice for investors seeking Large Cap Blend exposure. Alternatives like iShares Core S&P 500 ETF (IVV) and SPDR S&P 500 ETF (SPY) track a similar index but with different asset sizes and expense ratios.

Passively managed ETFs like SPLG are popular for their low cost, transparency, and tax efficiency. They are excellent long-term investment options for both institutional and retail investors looking for diversified exposure to the market. Visit Zacks ETF Center for more information on ETF investing.



Read more at Nasdaq: Should SPDR Portfolio S&P 500 ETF (SPLG) Be on Your Investing Radar?