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SSGA Launches Suite of Ultra-Low-Cost SPDR Portfolio ETFs

Traders Magazine Online News, October 19, 2017

John D'Antona Jr.

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), announced the launch of SPDR Portfolio ETFs, a suite of 15 ultra-low-cost ETFs that provide access to a wide range of equity and fixed income asset classes to help investors meet their goals.

Comprising 15 existing funds, including three that will track new indices, and with over $11B[1] in existing assets under management, the SPDR Portfolio ETFs include:

New Name and Ticker

New Total Expense Ratio

SPDR Portfolio Total Stock Market ETF (SPTM)


SPDR Portfolio Large Cap ETF (SPLG)


SPDR Portfolio Mid Cap ETF (SPMD)


SPDR Portfolio Small Cap ETF (SPSM)


SPDR Portfolio S&P 500® Growth ETF (SPYG)


SPDR Portfolio S&P 500 Value ETF (SPYV)


SPDR Portfolio S&P 500 High Dividend ETF (SPYD)


SPDR Portfolio World ex-US ETF (SPDW)


SPDR Portfolio Emerging Markets ETF (SPEM)


SPDR Portfolio Aggregate Bond ETF (SPAB)


SPDR Portfolio Long Term Corporate Bond ETF (SPLB)


SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB)


SPDR Portfolio Short Term Corporate Bond ETF (SPSB)


SPDR Portfolio Long Term Treasury ETF (SPTL)


SPDR Portfolio Short Term Treasury ETF (SPTS)


“We are truly excited to be able to offer ultra-low-cost ETFs to investors. Since launching SPY nearly 25 years ago, State Street Global Advisors has continually looked for opportunities to help investors build better portfolios with ETFs,” said Nick Good, co-head of the Global SPDR business at SSGA. “Investors have been asking us to provide these solutions to offer them a greater choice for low cost ETFs.  The launch of the SPDR Portfolio ETFs provides a solution that meets this growing demand.”

"Each fund in the SPDR Portfolio suite is priced equal to or below the lowest fee ETF in the category," said Rory Tobin, co-head of the Global SPDR business at SSGA. “Some of these changes in price are significant - such as offering Emerging Markets exposure at 11 basis points. In addition, these funds have a combined total of over $11B[2] in assets and trade actively, so there is no incubation period needed."

Today's launch of SPDR Portfolio ETFs coincides with the launch of TD Ameritrade’s newly expanded ETF Market Center. The 15 SPDR portfolio ETFs will all be available to purchase commission free on TD Ameritrade’s ETF Market Center.

"TD Ameritrade has been a great collaborator,” said Good. “With their help, and by repurposing existing SPDR ETFs, we have been able to offer investors a very compelling solution for their portfolios."

The suite of SPDR Portfolio ETFs will provide investors access to a broad range of asset classes to assist in the construction of a core portfolio strategy, including fixed income, domestic equity, emerging market and international equity.

“Research has long shown that asset allocation decisions explain over 90 percent of the variance in portfolio returns,” said Matt Bartolini, head of SPDR Americas Research. “Simply put, it all starts with asset allocation. And today’s low return expectations make building an ultra-low-cost, diversified core more important than ever, as costs accumulate over time, eroding a portfolio’s total return.”

SSGA also announced changes to the names and tickers of the 15 ETFs now included in the suite of SPDR Portfolio ETFs. Effective October 16, 2017, the below changes will be made and no action is required by shareholders to effect these changes. 

Previous Name and Ticker

Previous Total Expense Ratio

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