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Morningstar

SPDR® S&P 500 ETF Trust SPY

Morningstar Medalist Rating
Medalist Rating as of | See State Street Investment Hub

Morningstar’s Analysis SPY

Will SPY outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPY’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SPY management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of SPY’s parent organization’s priorities and whether they’re in line with investors’ interests.

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Associate Analyst Mo'ath Almahasneh

Mo'ath Almahasneh

Associate Analyst

Summary

SPDR S&P 500 ETF Trust SPY, the first-ever exchange-traded fund listed in the United States, combines a broadly diversified portfolio of U.S. large-cap stocks with low turnover and a cheap price. This provides a durable edge over Morningstar Category peers. However, there are cheaper alternatives, and its unit investment trust structure limits managers’ ability to add incremental value for shareholders compared to some of its peers. This fund earns a Morningstar Analyst Rating of Silver.

by Mo'ath Almahasneh
Rated on Published on

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Portfolio Holdings SPY

More SPY Holdings
  • Current Portfolio Date
  • Equity Holdings 503
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 31.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

7.34
31,975,322,188
Technology

Apple Inc

7.28
31,706,371,182
Technology

Amazon.com Inc

3.46
15,065,755,644
Consumer Cyclical

NVIDIA Corp

3.01
13,121,071,877
Technology

Alphabet Inc Class A

2.05
8,930,823,363
Communication Services

Meta Platforms Inc Class A

1.90
8,258,669,474
Communication Services

Alphabet Inc Class C

1.76
7,676,648,886
Communication Services

Tesla Inc

1.73
7,529,843,191
Consumer Cyclical

Berkshire Hathaway Inc Class B

1.71
7,456,870,440
Financial Services

UnitedHealth Group Inc

1.33
5,817,760,321
Healthcare