SPDR S&P 500 ETF Trust is the original--the first-ever exchange-traded fund listed in the United States. It boasts a broadly diversified and category-representative portfolio at a competitive price tag. However, its unit investment trust structure limits the managers’ tactics to add value for shareholders and its fee is a multiple of those charged by its closest peers. This fund earns a Morningstar Analyst Rating of Silver.
SPDR® S&P 500 ETF Trust SPY
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
The original ETF maintains a well-constructed portfolio, but there are drawbacks.
