Mid-sized US companies (S&P 400)
This invests in 400 medium-sized US companies that sit just below the household-name giants. These firms are often still growing and can behave differently from the large-cap market. It fills the gap between big-company and small-company funds.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Fills the mid-cap gap most portfolios miss
- Large, liquid fund with deep history
- Full physical replication, dividends reinvested
- More volatile than large-cap US funds
- Cyclical tilt toward industrials and financials
- Can underperform during mega-cap rallies
About this fund
The fund tracks the S&P MidCap 400 index, which holds 400 mid-sized US companies selected for size, liquidity and profitability. Mid-caps are a distinct size segment between the S&P 500 large-caps and small-cap indices like the Russell 2000. The fund uses full physical replication and accumulates dividends.
Available on Interactive Brokers
Low-cost access to Mid-sized US companies (S&P 400) and 10,000+ funds worldwide.
Frequently asked questions
Is SPY4.L accumulating or distributing?
SPDR S&P 400 U.S. Mid Cap UCITS ETF (SPY4.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for SPY4.L?
SPY4.L has a total expense ratio (TER) of 0.30% per year. On a $10,000 holding that is roughly $30 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy SPY4.L on Interactive Brokers?
Yes. SPY4.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does SPY4.L invest in?
SPDR S&P 400 U.S. Mid Cap UCITS ETF (SPY4.L) tracks the S&P MidCap 400. This invests in 400 medium-sized US companies that sit just below the household-name giants. You buy one fund and get the whole basket in a single trade.
Is SPY4.L a UCITS ETF, and where is it domiciled?
Yes, SPY4.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is SPY4.L?
On the TickerCompare 1 to 5 scale, SPY4.L is rated medium risk (3/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.