MDY ETF — State Street SPDR S&P MIDCAP 400 ETF Trust

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY)

MDY is an ETF. As of September 3, 2026, its distribution rate is 0.99%, its trailing-12-month yield is 1.02%, its expense ratio is 0.23%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 2695.7% over the past 31.3 years, 246.6 points ahead of SPY at 2449.1%.

At the current 0.99% distribution rate, a $10,000 investment would generate approximately $99 per year, or $8.25 per month on an equivalent basis. Actual quarterly payments vary.

State Street SPDR S&P MIDCAP 400 ETF Trust is an ETF that tracks the S&P MidCap 400 Index by holding a portfolio of the common stocks in that index, weighted to match the index composition. The fund distributes quarterly at a modest current yield, and carries a low expense ratio of 0.23%. It appeals to investors seeking broad exposure to mid-sized U.S. companies with a passive, index-tracking approach.

MDY performance versus SPY

Data as of September 3, 2026.

Total return is 2695.7% over the past 31.3 years, 246.6 points ahead of SPY at 2449.1%. Its deepest 1-year drawdown was 8.8%.

MDY key facts

Data as of September 3, 2026.

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

0.96%

Issuer

State Street

Asset type

ETF

Asset class

Equity

Inception date

05/04/1995

Expense ratio

0.23%

Distribution rate

0.99%

Distribution frequency

Quarterly

Trailing yield

1.02%

Last close

$690.64

NAV

$684.48

Premium / discount

0.90% premium

AUM

$26,066,113,565

Average volume

454435.0

Last dividend

$1.702

Last ex-dividend date

06/18/2026

Beta

0.99

P/E ratio

21.3832

How Dividend Vision calculates yield and returns

Distribution rate (0.99%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.02%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: State Street or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MDY risks and drawbacks

MDY's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 8.8%.

Who may consider MDY — and who may not

MDY may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (MDY pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare MDY

MDY vs similar funds:

• MDY vs IJH

Frequently asked questions

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