What are the investment objectives of SPDRs and MidCap SPDRs?
SPDRs and MidCap SPDRs are designed to provide investment results that generally correspond to the performances of the underlying indexes and pay quarterly dividends that correspond to the dividend yields of the indexes component stocks. Over the long term, the indexes have outperformed most “active” managers, although there is no guarantee that this will continue. SPY and MDY market values can be expected to rise and fall along with the indexes themselves.
