SPLG

The SPDR Portfolio S&P 500 ETF (SPLG) is an exchange-traded fund that seeks to track the performance of the S&P 500 Index, which consists of large-cap publicly traded companies in the United States. The ETF is managed by State Street Global Advisors and trades under the ticker SPLG on the NYSE Arca exchange.

Classified as a U.S. equity ETF focused on the U.S. equity market, SPLG follows a passive management strategy. The portfolio is designed to replicate, before fees and expenses, the composition and weighting of its reference index, reflecting the performance of the U.S. large-cap equity market.

The S&P 500 Index is composed of companies selected based on eligibility, liquidity, and economic representativeness criteria. Assets are weighted according to float-adjusted market capitalization, and the index undergoes periodic reviews that include additions, removals, and rebalancing.

Diversification and sector exposure

• Information technology.

• Health care.

• Consumer discretionary.

• Consumer staples.

• Financials.

• Industrials.

• Energy.

• Communication services.

• Utilities.

Structure and costs

SPLG shares are traded on the secondary market, while share creation and redemption are conducted by authorized participants. 

The fund charges a management fee consistent with passive index-based ETFs and does not apply a performance fee. SPLG distributes income periodically, primarily derived from dividends paid by the underlying companies.

History and evolution of the ETF

The SPDR Portfolio S&P 500 ETF was launched during a period of expanding adoption of ETFs as efficient vehicles for accessing the U.S. equity market.

In recent years, SPLG has tracked the performance of the U.S. equity market, marked by strong concentration in large-cap technology companies, monetary tightening cycles, and subsequent adjustments in interest rate expectations. The fund reflected the broad movements of the S&P 500 during this period.