MMTM | SPDR S&P 1500 Momentum Tilt ETF

MMTM ISSUER

The SPDR S&P 1500 Momentum Tilt ETF (MMTM) is managed by State Street Global Advisors Funds Management, Inc. (SSGA FM). This ETF seeks to track the performance of the S&P 1500 Positive Momentum Tilt Index, employing a sampling strategy. The Index applies an alternative weighting methodology to the S&P Composite 1500 Index, emphasizing stocks with relatively strong momentum. SSGA FM may invest the Fund's assets in a subset of securities in the Index or substantially all of the securities represented in the Index, depending on various factors, including the Fund's asset size. The Fund typically invests at least 80% of its total assets in the Index's securities and may also invest in equity securities not included in the Index, cash, cash equivalents, money market instruments, and futures contracts. As of August 31, 2022, MMTM had a significant portion of its holdings in the technology and healthcare sectors. The S&P 1500 Positive Momentum Tilt Index is sponsored by S&P Dow Jones Indices LLC, an entity independent of the Fund and its adviser.

MMTM DIVIDEND

While the main objective of the SPDR SSGA Momentum Tilt ETF (MMTM) is to track the performance of the S&P 1500 Positive Momentum Tilt Index, it also offers dividend opportunities to eligible investors. The ETF typically distributes dividends on a quarterly basis, reflecting the dividend policies and performances of the underlying index constituents. MMTM aims to provide investors with a portfolio that mirrors the risk and return characteristics of the index while potentially delivering some dividend income. Keep in mind that MMTM may concentrate its assets in specific industries, and its dividend yield may vary based on the dividend-paying capacity of the underlying stocks in the S&P 1500 Positive Momentum Tilt Index.

MMTM TRACKING

The MMTM (S&P 1500 Positive Momentum Tilt) ETF aims to replicate the performance of the S&P 1500 Positive Momentum Tilt Index. This ETF employs a sampling strategy, allowing it to invest in a subset of securities from the index while maintaining similar risk and return characteristics. The fund typically invests at least 80% of its assets in index constituents, with the flexibility to also hold equity securities not included in the index, cash equivalents, and money market instruments. MMTM utilizes an alternative weighting methodology, overweighting stocks with strong momentum relative to the S&P Composite 1500 Index, and underweighting those with weaker momentum. As a result, this ETF offers exposure to a momentum-based investing strategy within the U.S. equity market.

MMTM CORRELATION

The correlation aspect of the SPDR S&P 1500 Momentum Tilt ETF (MMTM) is important for investors looking to understand its performance relative to the S&P 1500 Positive Momentum Tilt Index. As MMTM seeks to track this index, its correlation with the benchmark is expected to be high, given that it employs a sampling strategy to replicate its risk and return characteristics. This strong correlation makes MMTM a valuable tool for investors interested in capturing momentum in the U.S. equity market. To gain deeper insights into MMTM's correlations with other assets and sectors, you can utilize our tool, ETF Insider, which offers a user-friendly web app with simple visualization tools and comprehensive data, helping you uncover potential overlaps and investment opportunities in the ETF market.

MMTM SECTOR

The MMTM (SPDR S&P 1500 Momentum Tilt ETF) sector is primarily focused on momentum-based investing. This ETF seeks to track the performance of the S&P 1500 Positive Momentum Tilt Index, which employs an alternative weighting methodology to the S&P Composite 1500 Index. The index selects and ranks stocks based on their momentum, with a bias towards those with stronger recent price performance. As of August 31, 2022, MMTM's portfolio includes companies in the technology and healthcare sectors, though this composition may change over time. This ETF provides investors with exposure to a concentrated portfolio of high-momentum stocks, potentially offering opportunities for enhanced returns, but also carrying higher risk due to its focused approach.

MMTM EXPOSURE

The exposure characteristic of the SPDR S&P 1500 Momentum Tilt ETF (MMTM) revolves around the S&P 1500 Positive Momentum Tilt Index. This ETF seeks to capture the performance of this index through a sampling strategy, not necessarily holding all index securities but aiming for similar risk and return profiles. MMTM may also invest in equity securities not included in the index, cash, money market instruments, and futures contracts. This approach results in exposure to companies primarily from the technology and healthcare sectors, with the index favoring stocks with strong recent momentum, thus offering a distinctive investment angle for those seeking momentum-based strategies.