The State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC) is an Ireland-domiciled equity ETF managed by State Street Global Advisors and traded in U.S. dollars on the London Stock Exchange.

The fund seeks to track the performance of the MSCI USA Small Cap Value Weighted Index, a benchmark that provides exposure to U.S. small-cap companies while assigning greater weight to stocks with relatively lower valuations.

USSC provides exposure to the U.S. small-cap market with a value tilt. The ETF follows a passive investment strategy and uses optimized physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The MSCI USA Small Cap Value Weighted Index starts with the constituents of the MSCI USA Small Cap Index and reweights them to increase exposure to companies with lower valuations. 

Composition / Exposure Profile

USSC holds U.S. small-cap companies across a range of economic sectors, including:

• Financials.

• Industrials.

• Consumer discretionary.

• Information technology.

• Health care.

• Real estate.

• Energy.

• Materials.

• Consumer staples.

• Communication services.

• Utilities.

Geographically, the fund is concentrated in the United States, as its benchmark universe consists of U.S. small-cap equities.

The strategy retains the constituents of its parent index but changes their weights based on fundamental data. As a result, companies with lower valuations relative to their fundamentals can receive greater weights than they would in a traditional market-cap-weighted index.

Structure and Costs

USSC has the U.S. dollar as its base fund currency and trades in U.S. dollars on the London Stock Exchange.

The ETF has a total expense ratio (TER) of 0.30% per year, uses optimized physical replication, and is domiciled in Ireland under the UCITS framework. It is part of SSGA SPDR ETFs Europe II plc and is managed by State Street Global Advisors Europe Limited.

USSC follows an accumulating income policy, meaning dividends received from portfolio companies are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC) was launched in 2015 to provide exposure to U.S. small-cap companies through a systematic value-oriented strategy.

Since its launch, the fund has maintained a passive strategy linked to the MSCI USA Small Cap Value Weighted Index, combining exposure to the U.S. small-cap universe with a fundamentals-based weighting methodology.

Throughout its history, the fund's performance has reflected both small-cap market cycles and the behavior of the value factor, as well as broader factors such as credit conditions, economic growth, and changes in U.S. interest rates.

Additional Information

State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETF (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $593.96 million.

Over the past 12 months, State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETF recorded a return of 16.66%, with its price trading between $73.38 and $96.42 during the same period.

The ETF is traded under the ticker USSC.